Summary

Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.

Investors worried about market declines, recession fears, and Tesla’s growing controversy after Musk’s far-right rhetoric and mass government layoffs.

Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.

Despite his efforts, Tesla’s collapse cost Musk $23 billion in a single day.

  • @Embargo@lemm.ee
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    26313 days ago

    Elon: Does a Nazi salute then proceeds to do Nazi stuff within the confines of the U.S. government.

    Also Elon: Why is everyone picking on me?

      • @Eatspancakes84@lemmy.world
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        1013 days ago

        I mean, it’s just really hard to understand why all these billionaires have decided to become so politically active. 1.) they have more than enough money for 10 more generations at least. 2.) if there is a serious tax hike or other threat to their wealth they can always quietly buy off some key politicians. 3.) if you stick your neck out like Musk (and some other billionaire cabinet members do) you run the chance that people will want to cut it off. If I were a billionaire I would make it my lives mission to ensure that the general public does not know my name.

        • @timbuck2themoon@sh.itjust.works
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          613 days ago

          It’s because they want it all. They have all the money. They want to be self righteous and proud of whatever thought that comes into their mind without having to hide it too.

          They’re billionaires already because they can’t stop. Ever.

        • @futatorius@lemm.ee
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          112 days ago

          What well-adjusted person would want to become a billionaire?

          3.) if you stick your neck out like Musk (and some other billionaire cabinet members do) you run the chance that people will want to cut it off.

          That’s not a chance, it’s a certainty. People do want to cut it off.

  • @jballs@sh.itjust.works
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    20713 days ago

    Lol he’s so panicked he’s had to order Trump to send a tweet to try to convince right wingers to buy EVs now.

      • @GlendatheGayWitch@lemmy.world
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        5513 days ago

        In Texas, if you have a contract with the state or a school district, you have to sign a contract where you agree not to “boycott israel” whatever that means. So I guess if one was to “boycott israel” while taking money from the state of Texas, that could be considered an illegal boycott.

        • @Yondoza@sh.itjust.works
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          13 days ago

          That feels like the government placing limits on the rights of corporations to express political views, which SCOTUS has stated is illegal (if you define speech as campaign contributions, which it does).

        • @Trainguyrom@reddthat.com
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          112 days ago

          you agree not to “boycott israel” whatever that means

          As performative as that is, it’s just bizarre to imagine as a business having to ask “if I just happen to have not had any contracts with Israeli entities am I in violation of my contract with this random rural Texas county’s public works department?”

          • There’s also a clause where you agree not to perform an abortion while on duty.

            It’s really weird and probably comes from Abbott saying that all money from the state supports Israel and that no money is used to fund an abortion.

      • @neidu3@sh.itjust.works
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        13 days ago

        Especially considering the Anheiser Busch (or however it’s spelled) boycot over someone else’s gender identity.

        The ones yelling “Snowflake!!11” for a decade turned out to be crybabies. Who woulda thunk.

        • @Ledericas@lemm.ee
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          513 days ago

          and busch had the last laugh, because they got ALCOHOLICS hooked they will never stop drinking busch beers.

    • @Liberal_Ghost@lemmy.zip
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      3413 days ago

      Like, what in the actual fuck. How is it illegal to boycott Tesla? But it wasn’t illegal when all the rednecks wanted to boycott bud-light for having a pro gay add? This clown is a fucking joke.

      • @whome@discuss.tchncs.de
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        513 days ago

        Because their boycotts usually consisted of buying a lot of the stuff they were angry about and then throw it away, burn it out shoot at it. 🤣

    • @TechAnon@lemm.ee
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      2713 days ago

      LOL! Remember when conservatives were blocking Tesla chargers with their lifted trucks? The vast majority of conservatives who can afford EVs don’t want them anyway because it doesn’t make “vroom, vroom” sounds.

      • @ChickenLadyLovesLife@lemmy.world
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        1013 days ago

        It sounds way too coherent. It’s actually a decently-written blurb and has too little ALL CAPS. I think they messed up the AI that writes his tweets.

      • Ulrich
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        112 days ago

        First time reading one of Trump’s posts? They’re all like this. In fact they’re often worse. He often makes use of schoolyard insults, uses CAPS LOCK, and he has the vocabulary of a 5th grader. To anyone with half a fucking braincell, he’s a giant manbaby.

    • @Souroak@lemmy.sdf.org
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      1313 days ago

      He’s going to go a buy a Tesla tomorrow? I’m pretty sure he didn’t even keep the wrapped cybertruck that was gifted to him by those manosphere podcasters a while back.

    • @pzzzt@lemmy.world
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      813 days ago

      Too bad must people are too poor to afford one! It’s much easier to NOT buy something in protest than to have to actually purchase something.

    • @800XL@lemmy.world
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      713 days ago

      Holy shit I would laugh so hard if all these right-wing chucklefucks over-leveraged themselves on a Tesla, couldn’t pay the monthly payments, the car got repo’ed and they lost their home in the process.

    • @Viskio_Neta_Kafo@lemm.ee
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      213 days ago

      That’s the thing alot of them genuinely hate them. I don’t know if even Trump can get right wingers to start liking them?

  • @GoofSchmoofer@lemmy.world
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    12013 days ago

    JFC I’d actually appreciate the maga version of the Democrats.

    These fictional Democrats are organized, well funded, cohesive and seem to have a great long term strategy for ruining republicans. With an organization like that you’d think that they would be in control of the government?

    • @Drinkwater@lemmy.world
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      513 days ago

      Remember the democrats that have futuristic weather machines? The MAGA Democrats have more powers than the whole MCU.

  • @gamer@lemm.ee
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    10213 days ago

    The amount of raw, undiluted satisfaction that would come from watching Musk’s fortune disappear would probably be enough to tide me over for the rest of the Trump presidency. I could be sent to a concentration camp slaving away somewhere manufacturing MAGA merch, and I’d still have a smile on my face knowing Elon went broke.

  • @tigeruppercut@lemmy.zip
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    9513 days ago

    “My actions are directly linked to tanking my company, so I’ve decided to double down on being a nazi.”

    Prime example of how the rich are in their positions because of sheer genius and literally nothing else.

  • Blurry Bits
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    7813 days ago

    I’ll give credit where it’s due. The memes, the ‘swasticar’ stuff - it worked. The negative bias isnt just some lefties, it’s the drivers themselves feeling it. That stigma is not about to go away, so as long as Musk’s name is attached, the only buyers will be ideological ones.

    And, I don’t think the chuds are enough to float

    Oh well Elon, YOLO

    • This is one of the things that pissed me off during the election campaign. Calling Trump “weird” worked as well, for all of a couple of weeks, and then the party muzzled Walz and never let anyone say it again.

      They had an effective ad campaign that hit their opponents right where it hurt - their fragile ego - and they just…gave up.

      • @krashmo@lemmy.world
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        13 days ago

        They had an effective ad campaign that hit their opponents right where it hurt - their fragile ego - and they just…gave up.

        That’s a great overall summary of the DNC right there.

      • @Ledericas@lemm.ee
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        213 days ago

        that and parading his son around was a mistake. they shouldve ramped up the attack, and instead they just went into the background.

    • @Flummoxx@lemm.ee
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      2213 days ago

      Wow, maybe Elon is the only person capable of getting Republicans out of internal combustible engines and into electric cars. Welcome to Bizzaro World.

  • @SirFasy@lemmy.world
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    7313 days ago

    God damn is he stupid. TF did he think was gonna happen when he pissed off the kind of people that buy EV’s

    • GladiusB
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      2113 days ago

      He thought he was smarter and that it would be over in a week. He thought no one would keep listening to the bad and they are the type of leaders that only listen to themselves within their own echo chamber.

  • Optional
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    6013 days ago

    He also circulated a video taken by a customer in their new Cybertruck, writing, “Heartfelt thanks to everyone supporting @Tesla, despite many attacks against our stores and offices.”

    that’s the meltdown.

    It’s RollingStone, btw, whom Yahoo is reposting. This is the Nü “May be collapsing” headline the corporate news sewers need to push. They’re desperate for someone or something to go down so they can claim victory.

    Musk is going to walk away with billions stolen from taxpayers, and he’s not ‘melting down’ for shit, he just Xitted something before dosing himself and it sounds vaguely like something a regular person might have said so they jumped on it.

    • @Boddhisatva@lemmy.world
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      13 days ago

      Did you read the whole thing? He also accused wealthy liberals of financing Tesla protests including two that are dead, one for about 5 years. When one of those people told him he was full of it, he replied with:

      Musk replied, “Describe your favorite island vacation,” baselessly implying that Hoffman had visited the Caribbean private island of the late sex trafficker and pedophile Jeffrey Epstein.

      I don’t know if I would all this a melt down, but it’s not that far short of it.

      Btw, Musk should be cautious with this kind of accusation these days considering that his buddy Donnie was a very good friend of Epstein.

      • @Furbag@lemmy.world
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        813 days ago

        “Describe your favorite island vacation,”

        You know that island they exiled Napoleon to? Is it still suitable to leave a certain billionaire there for an indefinite amount of time, or is it a major tourist destination now? Asking for a friend.

        • peach
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          13 days ago

          There seem to be about 5000 people living there now… I wouldn’t want that for them. But I’m sure there’s a nice, sparse, unpopulated island without utilities and internet access in the Hawaiian archipelago for Mr. Musk to spend the rest of his life on. Lisianski Island for example looks great!

          Edit: Or Sentinel Island, the indigenous would be really happy to see him :)

          • @Ledericas@lemm.ee
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            213 days ago

            and the INDIAN govt said it was ok if the SENTINALESE people “dispatches” invaders.

    • @futatorius@lemm.ee
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      112 days ago

      Musk is going to walk away with billions stolen from taxpayers

      That remains to be seen. Who can predict the future?

  • @Red_October@lemmy.world
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    4113 days ago

    Let me know when the meltdown reaches the point that we seal him in concrete and bury the container in a cave in the deep desert for the next thousand years.

    • @AngryCommieKender@lemmy.world
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      13 days ago

      Fun fact: The Nuclear Energy Commission has several ideas on what to do with nuclear waste. Well before The Elder Scrolls: Arena came out, they floated an idea to bury the waste in remote locales, but they couldn’t figure out how to mark it in such a way that would transcend language, since the waste will still be deadly several hundred times longer than any human civilization has managed to last. One of the many ideas they came up with was to cover the sites with what appear to be Daedric Ruins from Morrowind. AFAIA none were ever built, sadly.

      Make America Build Daedric Ruins!

  • @drascus@sh.itjust.works
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    4113 days ago

    Oh wow look taking hard political stances is actually bad for business. A fact known for pretty much all of time. I wonder how the self proclaimed genius didn’t see this coming.