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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    2 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?

  • GoofSchmoofer@lemmy.world
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    2 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?

  • tigeruppercut@lemmy.zip
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    2 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@lemmy.blahaj.zone
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    2 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

    • Flummoxx@lemm.ee
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      2 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.

    • teamevil@lemmy.world
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      2 days ago

      I know people driving a Tesla who are unhappy they’re driving a Tesla now because of the musk.

    • EldritchFeminity@lemmy.blahaj.zone
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      2 days ago

      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.

  • Optional@lemmy.world
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    2 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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      2 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.

  • jballs@sh.itjust.works
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    2 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.

  • bstix@feddit.dk
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    2 days ago

    Easy come, easy go. I think it was pretty obvious from the start that the richest man on Earth was balancing on a bloated balloon.

    He’s still filthy rich from the payouts he took along the way, but I guess he will soon feel the interests of the Twitter loans piercing into his actual assets.

  • pathos@lemmy.world
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    2 days ago

    This is the true face of Musk, who is stuck perpetually in the mindset of a melodramatic 15 y/o.

  • jumperalex@lemmy.world
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    2 days ago

    In an IDEAL world, Musk will be removed as CEO for both failure to perform (he’s literally not doing his job given that he’s doing all his DOGshitE) and the harm he’s bringing to the brand. No other CEO would be allowed to get away with this.

    Then, in a JUST world the stock will stabilize, start to grow again, and everyone will get back on the EV train with Tesla included. While the Muskrat watches from the sidelines like the loser he is.

    CAVEAT: only if he also doesn’t still own any more of the stock than he could get owning VTSAX like the rest of us.

    • dmention7@lemm.ee
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      Maybe its a bit of a spicy take… but honestly, I’d be okay with this being a death spiral for tesla. They played their role in getting EVs into the mainstream, now let their figurative head rot on a pike as a warning that letting a shithead nazi helm your company is an existential mistake, and not just a bump in the road.

      • jumperalex@lemmy.world
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        2 days ago

        I won’t totally disagree. But a lot of employees will lose their jobs and an innovative competitor would leave the market. Maybe a middle ground would be like, a hostile takeover bid that also merged them with Rivian or something. Then a rename to “eXla” just to fuck with Elon :)