Elon Sounds Extremely Depressed After Tesla Profits Plunge 71%
Elon Sounds Extremely Depressed After Tesla Profits Plunge 71%
gizmodo.com
Elon Sounds Extremely Depressed After Tesla Profits Plunge 71%
249 comments
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how the fuck does a guy gain control of the regulatory agencies overseeing the industries he works in, and then proceed to fucking lose money? this is up there with 'bankrupting a casino' levels of stupid
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A lot of online grifters like to make it out like manipulating people is some kind of deep, dark, esoteric "dark jedi" skill.
Nah, it's easier than almost anything else you can do, but most people don't even try because they have self-respect, decency and an innate resistance against lying and lying and lying directly to someone's face over and over and doubling down when challenged.
That's really all it takes, is the ability to lie. If you can lie, you can manipulate your way all the way to the top, because people broadly do not assume someone else will do this so easily.
My father was a narcissistic personality a lot like Trump or Musk, he lied and lied and lied and made millions and then lost it all, because... as you could expect, it was all built on lies. But it does work. I've seen whole board-rooms of people pretending to be adults listening to my father's spiels about financial nonsense and Christian beliefs and then throw checks at him. The fact that people in power are so easily swayed should terrify us all.
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The problem with all of those in Trump's circle, they all are good at destruction while having absolutely no real talent in business. Aside from providing funding, Elon has in no way brought any sort of business skill to grow his companies.
He lost money because he showed he is a Nazi and had no plan for how to actually take advantage of taking out regulators beyond the idea he has no rules anymore.
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Hmmmm, would a high suicide rate of billionaires be beneficial to society…
Nah, I prefer the Luigi method.
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If you want something done right.
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Yeah, I check the stock daily. They're doing fine because every cunt in the world keeps buying.
I'm doing my part by being as rude and mean to any tesla driver I can. They need to know nazis of all types are hated.
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Absofuckinglutely. I do the same.
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Watch this video of Elon Musk being booed for 7 minutes straight at a Dave Chappelle show https://mastodon.social/@LupoLaLupo/114242322785596710
Elon would be very depressed if you saw it https://www.mercurynews.com/2023/11/08/elon-musk-almost-needed-sfpd-wellness-check-after-breakdown-getting-booed-at-dave-chappelle-show/
Do your part!
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I laugh at sad Nazis.
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It's depressing how much headlines can deceive. This is /r/politics all over again, with the most "technically true" statements that get people excited but the results you expect from reading the headlines will never come
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hey. stocks do NOT reflect profit. a stock is not what makes money it's just a share % of the company/investment. just because stocks go up does not mean a company is making profit. there is a HUGE difference! please understand that, thank you.
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Tesla stocks skyrocketed when Musk looked like he was unoficially elected as the new president. Now that he's got all the files he needs via Doge and he's backing out, they went back to normal growth.
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Tesla's stock price going up or down is a completely different matter than company earnings. The report is on their actual company profits, which are down 71% -- meaning they aren't selling as many cars. That's a big deal. Let's keep making sure that owning a Tesla becomes completely socially unacceptable.
Tesla reported lower than expected earnings on Tuesday, with first-quarter profits dropping 71% on much lower sales of electric vehicles.
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The issue is less that they've returned to normal growth and more that they have lost countless future sales. This is only the beginning of Tesla's woes.
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Profits have nothing to do with Tesla’s stock price, unfortunately.
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Let's bring the bourgeoisie down before it's too late. Every. Single. One. Of. Them. Accountability for the traitors to humanity.
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Mush is an easy target. We're have a harder time getting a handle on Bozos. We need some spine in the government that can tax some fuckers.
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Bezos has a really tall hedge around his house. Tough to get in there.
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Never nude, pants down!
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🍽
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To be fair, he did make a prediction before the election that the DOGE cuts will cause some financial pain.
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Hopefully he shorted Tesla.
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Wow, imagine how rich he could be if he did that!
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End of Tesla. Let's do it.
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Fuck Elon, I hope a drowneds in a 10ft pit submerged in his own cum.
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If we break Tesla, we break Elon. Keep the pressure on!
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But consequences aren’t supposed to affect him. That’s why his identity is wealth.
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Too. Fucking. Bad.
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Maybe he can call up Adrian Dittmann to cheer him up.
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Oh no, how awful! Quick everyone, let's all go out and buy a Tesla to make him feel better.
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Oh no, I feel really bad for him... Anyway....
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Why feel bad for him? He did it to himself. I feel bad for the workers who are probably gonna be fired, but that's about it...
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It's the text for a Meme where the person feign caring for him but moves on quickly.
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From community description:
This is a sanctuary for those seeking a break from the incessant negativity often found in today's news cycle. From acts of everyday kindness to large-scale philanthropic efforts, from individual achievements to community triumphs, we bring you news that gives hope, fosters empathy, and strengthens the belief in humanity's capacity for good.
Are you sure this one fits in? Why, of all the communities, choose this one specifically?
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Because Elon being made miserable is something that most other people would consider to be uplifting - I know it certainly made me happier to read it
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It's the continuation of all the negative news about Musk and Tesla and MAGA. While it is uplifting to some that they have setbacks, I believe this doesn't help people distract from this shitshow, which I reckon the community is all about.
Besides, people made miserable is not in the spirit of the place, either.
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My opinion here, but I think schadenfreude is actually a rather negative and toxic emotion that should at most just be tolerated, if not discouraged. It's a kind of vice, it might feel good in the moment and in small doses but it's ultimately harmful over time and shouldn't be made habit. Like, there's no net positivity added to the world through schadenfreude, it's a crabs-in-a-pot type mechanism. I guess I just don't think we should be conditioning ourselves to feel glee at anyone's downfall, even our enemies.
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Is it? Or is it just bullshit because Spacex, Palantir and Meta have over 7 Trillion Dollars in government contracts. Tesla is just the sacrificial lamb
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I agree with you man. This isn't uplifting news.
It may feel right and just that the guy is getting push back, but we think more about his other actions and it drags us down, rather than lifting us up.
It'll get tons of upvotes in all kinds of other subs because most of us want the guy to get hit by karma hard, but it's not about us feeling good.
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It’s comforting to me as a reminder that money is entirely made up, and that my poverty is not a marker of my value. Elon Musk has had every opportunity available to him - the fact that he can’t run a company, has zero fucking knowledge of physics despite pretending to be a super genius despite the fact that he’s never had to chose between skipping a class and taking a shift for rent money - it’s comforting that wealth has zero correlation with capability.
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How is it not uplifting to see a fascist who is a billionaire suffer?
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Has he tried not being a nazi bastard?
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...maybe he'll do the world a favor and step into an industrial shredder...
(shame about his genetic legacy, but hopefully all their mothers are mostly good people who give them a fighting chance at turning out well)
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he's depressed because as a millionaire he made slightly less money
i'm depressed because i'm queer and autistic and a rich evil fuck in government is killing queer helplines and putting autistic people on kill lists.
we are not the same
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Unbelievable that TESLA's shares skyrocketed after this catastrophic earnings.
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What's also unreal is the stocks going up whenever Musk makes a promise. He just now said he foresees total self driving by year end. Even a casual observer like me has seen him fail to deliver, again and again and again.
Guess investors know this and also know the stock will bump whenever he lies. No one thinks they'll be the one left holding the bag.
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it is called market manipulation; any other company stock would have plummeted after such report; it is a meme stock
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It's their loss. These people are deluding themselves into thinking that the Tesla brand will bounce back once Elon steps away from DOGE. They're going to lose a ton when it either tanks again after Trump raises tariffs again just for fun, or when the company goes bankrupt because nobody is buying their cars.
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Gee, I wonder if he will get so depressed he tops himself?
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I hate the schadenfreude journalism. I will never meet this guy, I don't care how he feels any more than some random South Dakotan. The reason he's relevant is his outsized impact on government and the country, tell me about that.
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Right. I don’t care much about his alignment or even that he’s come out as a Nazi. While it’s a huge red flag, I guess it’s his preference. The important parts are how he acts on those beliefs, who he hurts and how many, how his actions hurt our society
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Him publicly being a Nazi is an issue though because it emboldens other Nazis and makes them thing its more socially acceptable to be a Nazi.
It used to be a big deal when a public figure got caught doing a Nazi salute. Public apology, condemnation of Nazism, donation to a holocaust victims charity or similar was expected. For him to do it and not even apologise or try to say it was something else and not be stripped of any roles as a result is a dangerous shift.
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these contrived reports of him quitting politics or being depressed to try to get some sympathy and stop the stock selling are pathetic. He's never cared about anyone else, even his own children, and he still absolutely does not. He's a spoiled psycopath who thinks he can manipulate people.
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Don't worry, he'll just take more ketamine and he'll be fine!
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That's what you get for earning value with memes instead of with true quality. It won't last.
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Wish their stock would plummet 71%
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I'm waiting for that inevitable margin call. Followed by Twitter being repossessed. At that point it will probably be sold off for parts.
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He’s selling to himself to get out from under that:
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Nvm, some people still talk about stock. Stock price isn't monthly income. Dividends are. And his insane salary.
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Stock price is net worth, which is what rich people care about.
Monthly income can just come tax-free in the form of low interest loans against the value of the stock.
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Since we’re talking stock value here …. I don’t believe he actually does have an insane salary. It’s all stock
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Click click
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I’m finding this funny/interesting. Because normally I think consumption boycotts don’t really work that well as a strategy since it takes a lot of people not buying the thing to affect big companies and big companies tend to have so many products people need that it can be hard for a lot of people to completely avoid them.
But Tesla is in a uniquely terrible position for withstanding such a boycott. They sell one big ticket product market substitutes and its success depends almost entirely on its brand. They’re status symbols. They’re virtue signals for climate consciousness. (without you know, actually supporting real solutions like mass transit) And before people noticed how much of a shitbag Musk was, they were associated with his cool Tony Stark tech persona.
Then Musk put himself into a position where anyone who was able to ignore his nonsense before definitely couldn’t now. So this company that was almost entirely dependent on people liking Musk enough to think the cars were cool now loses most of that market appeal.
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He got what he wanted. He wants to bow out before the blowback. Do not trust anything this fascist says.
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Maybe he should kill himself.
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Say what you want about Hitler, but he killed Hitler.
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That has to be a norm joke
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We call it following your leader.
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Or did he?
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Hit him right in the wallet. He keeps it in his heart.
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Yeah, this fucks him personally, as so much of his wealth is tied up in Tesla shares. Tanking Tesla directly tanks Elons wealth.
He cannot sell large tracts of shares without further depressing share price and his usual trick of promising random bullshit like self driving taxis or cars that deliver themselves does not work anymore to boost share price before he sells some off.
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Actually, I'd wager it isn't even about the money. Ffor his reality it's a vague abstract number. He never really has to worry about running out and can live as extravagant of a lifestyle he wants. To the extent the details matter, it's more of a 'high score' than anything that actually materially impacts his life.
The real punch in the gut is that he has gone his entire life with the masses either kissing his ass and worshipping him as the greatest tech guy ever, or people who just don't care about him either way. He of course earned some personal vitriol from people who knew him personally, maybe more than the average but he always felt vindicated by his adoring masses.
Since every random person that he actually ever heard express any opinion put him on the highest of pedastals, then surely every one will be relieved if he forced himself and his ideas over their lives? Suddenly he has to face the judgement of so many mililon people that were previously content to largely ignore the hell out of him. This is probably really hard to cope with after 50 years of unrelenting ass-kissing.
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More like 30, but yeah I'd say that seems accurate.
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The weird thing is that this weirdo has more money than it is even possible for him or us to comprehend.
He could lose 99% of his net worth and still be one of the richest men alive.
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I kinda wonder about this in regards to the weird way these people structure their money/finances against their wealth. While I'm sure Elon's bank account shows not figures then mine ever will, it's my understanding is a lot of the "wealth" is tied up in assets like stock etc, and they then borrow against the stock for actual liquid cash-flow, such Elon did in order to buy X.
So my hope is still that at some point, Tesla takes enough of a dive that the bank makes a call and if he doesn't have enough liquid capital to pay back the loans he might get outsted. Having Tesla survive sans-Elon would be great IMO
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It’s also one of those things (I Imagine) that cliche… if you owe the bank 100$ that’s your problem if you owe the bank $100 million that’s the bank’s problem lol
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Right? If I had a fraction of his wealth. I'd fuck off to Bora Bora or something.
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So, in Mexico, I don't if someplace else too, Sushi Roll used to have a drink called Bora Bora and a roll called Bora Bora. I really liked the drink but apparently was causing troubles because waiters kept bringing Bora Bora rolls to people who ordered the Bora Bora drink. This made Sushi Roll discontinue the drink. This doesn't have anything to do with your comment or the thread itself, I'm just still pissed.
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"Oh no! The consequences of my actions!"
Nah fuck this guy. We need to make Nazis unforgivable again. None of this halfway bullshit or trying to see their side of the story.
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He will never feel any external consequences.
Best we can hope for is a bout of depression that'll make him do something we all won't regret.-
I want him to lose it so badly that he starts blaming this administration for everything that happened to him and starts going off against them. That'd be hilarious.
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HAHAHAHAHAH!
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Of course he is. His stocks are extremely overvalued and he has leveraged them to hell and back.
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Lol
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Not sure what he thought would happen when an electric car manufacturer aligned with the "we love fossil fuels" party.
Saw a great take earlier on another website.
The guy who said he was going to "cure us of the woke mind virus" is now saying he's getting out of politics because "people were being mean to him."
The irony.
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There's not really any news in that article.
Notably, Musk said he would be stepping back from DOGE after May but didn’t go into any detail about what that would mean. Even though he said he would be easing up on his involvement, the billionaire said that he would remain in the government through President Trump’s entire term,
This is meaningless.
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And do you know how to know it is meaningless... it starts with "musk said". Everything after that is worthless.
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Even the word "notably" before that is useless. Notably something un-notable occurred. Great, thanks.
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stepping back from DOGE after May
Appointed temporary government employee which means he only could work until June without congressional approval. Set this up from the start to take heat off of Trump and allow Trump to seem reasonable compared to Musk when Trump 'fires' him in June.
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I'm aware of that, but obviously the concept of "work" doesn't apply to Musk as it does to government employees generally.
He will have the same influence and whatever level of involvement he wants regardless of whether he's a temporary government employee, a consultant, or just a contact.
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yeah and also, so what?
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This is very meaningful, the stock market will start growing again and everyone who managed to buy more shares around the 7-8th of April will become insanely rich in a very short span of time. And those who got scared and sold will continue crying that the rich are getting richer and the poor are getting poorer.
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Good. He's actively making the world a worse place for everyone else. He should feel bad.
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fuck you fascist musk and the rest of the facist class trators that need to be shredded in a woodchipper then eaten by pigs.
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Fuck Elon but also fuck eastern civilization just as much as western, because humans all over the earth are shit, and no one should side with anyone of these authoritarian cunts
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Perhaps a bit off topic but I miss when Black Mirror had pigs in it and wasn‘t just all about „we are so fucked, like soooo fucked you guys“. In hindsight rest of the series could never really live up to the pilot where politicians got eaten alive by the mob.
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I remember the pig one, there was definitely still fucking going on
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If the news could just never pay any attention to that little freak again all would be well in the world. I'd also love it if Lemmy could stop posting stuff about him!
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I'd rather know what he's up to personally
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You could use the de-Muskifier extension https://tohippo.com/de-muskifier-extension-protects-your-sanity/
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Some apps offer a keyword filter.
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It's refreshing to see a major publication just flatly stating that he's a fascist.
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Well, his parents are genuine, Bona Fide Nazis who wanted to move to apartheid South Africa from Canada.
Edit: It was his grandparents, my mistake.
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It was his grandfather who was arrested for being a technocrat while the party was banned during WW 2, and who moved to South Africa from Canada for a "white people's fight" against "global jews". https://www.theatlantic.com/technology/archive/2023/09/joshua-haldeman-elon-musk-grandfather-apartheid-antisemitism/675396/
Not saying his direct parents didn't hold similar beliefs.
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Well, that really is uplifting news. For me that is, not for that fuckhead.
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It's a start but we can do better, guys
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Good.
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Oh no, please don't hang yourself Mr Elmo, that would be such a waste of good rope.
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Yes, but on the other hand, he would create a new national holiday
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Oh don't worry, he won't kill him self, he'll just increase his ketamine stupor. Hopefully to the point he becomes incapable of making anymore decisions, especially decisions that affect other people.
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Not if we reuse it.
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Never you worry about the rope. Trump will sell that bad boy to the hundreds of thousands of his most devoted loyalists for a mere $499,999.
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Not if he uses some chunky thick new rope to really draw out the suffocation.
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Darn, too bad he isn't depressed enoigh to drive one of his Teslas into a swimming pool.
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Follow your leader Elon, there's no way out.
I entirely do not regret mercilessly insulting and mocking him, directly, on Twitter, after he bought it.
... Never had a Twitter account before then, got it banned within 8 hours, very likely by Elon, personally.
Fuck 'im.
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Hell the Tesla could do it for him if the stories about it's autopilot are true.
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Give it time
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That's not soon enough!
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I'd buy a Tesla honestly but I can't afford one. I can't afford a gas shitbox either. When my car gets too expensive to repair I'm going to be so fucked.
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I love that for him <3
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What has he got to worry about, even if his stocks plunged to 0 he would still have a better retirement then the rest of us. Capitalism is a sickness even the capitalist are turned mentally ill by the system.
249 comments