For everyone blaming his politics for the decline, you clearly weren’t paying attention when 75% of Tesla shareholders voted to pay him a $1T bonus last November.
The people dealing with stocks don’t care about his politics.
They love his politics, I wonder how many he helped out cutting up regulatory agencies that may have been looking into their own companies they’re CEOs to.
Is it Bidens fault again?
No. Clearly Obamas fault.
Thanks Obama!
/s
typical result of feeding fascism
nazi stock market boomed until russia
probably helped them get as far as they did
It’s almost like evolution provides us with an endless supply of fools.
Tiger Mountain, Washington?
Im happy about it at least
Anyone who didn’t get in on the first hour and sold 3 hours later, tops, was bound to lose money.
This GIF never gets old.
what’s the context behind this, what were they doing? haha
Miss Rachael a YouTube star had Mamdani on a show. The clip is both of them singing the " Wheels on a bus song"“. The gif is specifically the part singing " the baby on the bus goes, wah, wah, wah”.
No I am watching and I think they are just very sad.
What else would you expect trying to make a company that barely makes anything command a trillion dollar evaluation.
Their valuation was made based on the potential for every company to be using the product. No other companies outside of Musk-owned ones are valued that way. Many are valued on the average of a few years of revenue multiplied by 10.
It is blatant corruption and market manipulation. Anybody investing in such a company should expect to be holding bags within 24 hours.
Indeed, someone with a deep fanaticism for Musk posted exactly that scenario as inevitable. This was to stand by his man when Musk asserted that SpaceX should be worth more than everything else on earth combined (he was pissed that spcx had fallen).
The dude claimed that by 2038 the 20 biggest companies would all be entirely space based exclusively, and that globally SpaceX would be the sole provider of space technology and the other 19 companies would be tenants of SpaceX. It all made sense to him because space is bigger than earth, right?
I can’t find it, but among the usual suspects (space mining, space datacenters, terra forming), I was especially amused that his hypothetical “space banking company”, because for some reason the financials of space companies needed to be managed by a company that could get stuff launched into space?
nachos?
Nacho money.
Just a note: the same people who predicted this would happen are the same predicting the AI bubble bursting.
well, it is the same prediction. SpaceX IPOed as an AI company mostly
As ridiculous as that sounds, it is true
Which is amazing because it’s somewhere between 4th and 15th place in the LLM race. Let’s say you really believe in a winner-takes-all scenario for AI where the winner gets to monetize harder than Google… Why would you invest in SpaceX? I don’t understand the scenario in which SpaceX makes loads of money off of AI. Maybe with space datacenters, assuming that’s even possible? But if that’s the plan, why spend lots of money training their own model rather than renting out racks of GPUs?
Makes sense, but didn’t DOGE steal/transfer social security admin and other US government databases on every American for their AI training. Maybe that access was their implied/wink wink advantage over others?
That data is probably good for advertising, but I don’t know if it’s useful for AI training.
Isn’t both happening now?
that’s me!
i needed it without the caption, so here y’all areAnd more pixemamels!
Love it. Hope Tesla’s next and his house of cards collapses as all the debt leveraged on his Tesla shares comes calling.
spacex has to cannabalize, tesla, twitter, and XAI to keep it from collapsing.
Man do I have news for you
All the analysts at the beginning were shouting that the IPO was overvalued.
Making outrageous promises and failing to deliver is Elon Musk’s brand.
If you have money to invest, and you lost it in SpaceX without doing your due research, I have no sympathy for you.
(I have no money to invest. I was just following SpaceX and Musk’s dubious trillionaire status. He’s still, way, way too rich.)
Musk = POS Nazi.
Too many people have forgotten that the nazis are the bad guys.
People also forget that one of the fundamental parts of fascism is thievery. They steal money, gold, art, even ideologies and elections.
The primarily steal the future.
if they ever thought that way in the first place
I think many people forget how many Americans were pro-nazi before we entered the war. Not to mention how it was decades before the civil rights movement. I know this isn’t an American site so it doesn’t pertain to everyone, but there seems to be some type of collective amnesia of the values we had not even 100 years ago.
It’s bizarro world.
The stock market is gambling.
“SpaceX gamblers in meltdown over not having a winning bet.”
Yeah, they WISH it were like gambling…but it is fraud, insider trading and stock manipulation.
I gotta disagree that the stock market is inherently gambling. If an investor does their due diligence, looks at the fundamentals of a company, and makes an informed decision to invest, they are very likely to see some sort of return on that investment.
Unfortunately, we’re deep into “vibe investing” territory now, where stats like P/E ratios no longer seem to matter to either institutional investors or many casual investors. Where people are dumping their money is now disconnected from where it’s wise to dump money
So, not unlike sport gambling. You study the teams, their forces and weaknesses, their history, and make the informed decision to gamble. It’s still gambling.
It’s totally different though. Sports betting is an all or nothing affair, you put money on an outcome, you either win or lose, then it’s over.
Day trading (and now vibe trading/meme stocks) may be similar, however investing in a company with good fundamentals long-term carries significantly less risk.
Many companies offer dividends, so you can make money even without the stock price itself increasing. And in holding a diversified portfolio of quality stocks long-term, meaning you ignore market fluctuations, the risk of losing everything is basically zero, and the likelihood of your portfolio increasing in value approaches 100%
Yes, but you can’t say that you made money before the sum of the dividends and the reselling price is superior to the buying price. If you invest 100€, the probability to loose 100€ is small; but to loose some of these 100€ not so much. If you invest well, the probability to lose money at all may be small, but if you gamble intelligently on sports it is too.
It’s the same equation: more risk=more potential profit, less risk=less potential profit. I fail to see the difference with gambling.
I think it comes down to
- on paper it isn’t gambling
- in practice it has become gambling
ETFs are generally better, especially if you don’t touch them for a long time.
Giving your money to an unregulated Wall Street organization is never “Better.”
What in the world makes you think they are unregulated?
The revolving door and captured “regulators?”
To elaborate: The stock market is a “Keynesian beauty contest” where - at least in the short and medium term - what investors think other investors think* about a stock is more important than what it’s actually worth. Reality asserts itself eventually, but “the market can stay irrational longer than you can stay solvent”, so here we are.
- ad infinitum
Its because they make money buying whatever goes up, instead of holding selected companies for a long time.
Think about it. You could have made 150% by holding micron for three months. Big tech companies take five years to make that much. So that’s why these investors have to jump on the bandwagon no matter what the fundamentals are.
They also sell as soon as it starts to show weakness, which is why micron dropped 30% in like 3 days.
