Man, I kind of hate the stock market. Apparently, everyone just assumes that the guy was doing illegal things, and only because there's now a chance that someone might actually check, that's why we stop giving him money to fund that.

Criminal = invest
Criminal + law enforcement = pull out

[–] Pyr_Pressure@lemmy.ca 4 points 4 days ago (1 children)

There should be a rule that shareholders get fined as well whenever a company they invested in gets fined for breaking the law. Then maybe investors will be a bit more responsible in deciding who to invest in.

Own 0.0001% of the company shares? Pay 0.0001% of that 250 million dollar fine.

[–] Ephera@lemmy.ml 3 points 4 days ago

I mean, they already do that in a way, because their stocks lose value when the company loses money. That's why everyone and their hamster is selling off these stocks now.

But sure, making the investors pay another time or just generally increasing fines could help.
Unfortunately, companies then lobby for Nazis to take over government to undo these increased fines + abolish law enforcement for themselves, so that's not terribly ideal either...

[–] impairedimperator@lemmy.zip 1 points 4 days ago

Tbh I see it more as a strategic play. The AI bubble was gonna burst and everybody who was paying attention could tell. So AI folks made a calculated gamble to prop the bubble up until midterms. Now they allow it to crash, blame Democrats, get the GOP back into power, and it's back to deregulation and allowing AI to get away with whatever crimes they want.

[–] Hyperion@midwest.social 7 points 4 days ago (1 children)

Tesla has always been more hype that substance. Use Toyota as an example. Toyota has significantly higher income, profits, assets, equity, cars sold etc (it's not even close) but even right now Tesla has a market cap that is over 5 times higher.

[–] Malica@lemmy.zip 5 points 4 days ago (1 children)

Vibe market in action. Investors were banking on musk raiding the treasury.

[–] Hyperion@midwest.social 3 points 3 days ago

Even before that was a possibility, Tesla was worth way more than the fundamentals suggested it should be.

[–] Triumph@fedia.io 13 points 4 days ago

Oh no!

Anyway.

[–] CompactFlax@discuss.tchncs.de 8 points 4 days ago* (last edited 4 days ago) (1 children)

It’s got a long way to go still before it reflects reality.

Tsla has a PE of 380 with YoY degrowth over multiple years and no prospects of growth.

another 150K in Europe. In the same period BYD sold about 3 million EVs. Last MONTH (October) BYD sold 500K EVs.

[–] cardboardboxfort@lemmy.world 6 points 4 days ago

It’s got a long way to go

Don't you mean it's got a long way to fall?

[–] AllNewTypeFace@leminal.space 10 points 4 days ago

Surely an epic memelord like Musk would be all over it being 420.

[–] arak@lemmy.today 7 points 4 days ago

So far...

[–] SaveTheTuaHawk@lemmy.ca 4 points 4 days ago (1 children)

Hmmmm... $420B stock losses ....$445M on rigging elections....Cybertruck cancelled...has anyone checked if Elmo is okay? should we start a crowdfund?

[–] Malica@lemmy.zip 3 points 4 days ago

I'd crowd fund a guillotine

[–] bad1080@piefed.social 5 points 4 days ago

[–] Malica@lemmy.zip 3 points 4 days ago

Pour one out for people's retirement savings

[–] teslekova@lemmy.ml 3 points 4 days ago

420 blaze it. Blaze it all down.

[–] bertlewirth@lemy.lol 2 points 4 days ago

Very niiiiice!

[–] KulunkelBoom@lemmus.org 1 points 3 days ago

what....a....shame....

[–] LodeMike@lemmy.today 2 points 4 days ago

:weed: