Summary

Tesla investors, frustrated by the stock’s decline, are demanding accountability from Elon Musk, who recently illegally demanded federal employees justify their paychecks.

Shareholders took to Musk’s social media platform X, asking him to similar list his contributions to Tesla.

The stock has fallen for six straight sessions, underperforming the Nasdaq.

Meanwhile, Musk faced backlash for overstepping in government affairs, forcing Trump to smooth tensions.

  • Psaldorn
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    614 hours ago

    Then the board should fire their fascist CEO…

    But they can’t because he replaced them with loyalists…

    So they sell their shares and the stock tumbles more…

    So the remaining investors get angrier…

    It continues…

    And then it ends owned wholly by Vanguard/BlackRock/etc

    • @[email protected]
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      72 hours ago

      no no no. He’s the largest shareholder. Make him stay at Tesla until the stock is worth like other car companies.

      • @[email protected]
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        1 hour ago

        Make him stay there until his stock is like my bank balance.

        He doesn’t deserve profit.

  • @brucethemoose
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    163 hours ago

    I can’t wait until “some 100-character impulse rant on Twitter” isn’t news anymore, nor seen by millions.

    Like, if Twitter were to get destroyed tomorrow, the world would be such a better place.

    • @ripcord
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      204 hours ago

      Listen, the best hope for things to get better here is if the economy tanks. Which it will. And is.

  • @Zombiepirate
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    1066 hours ago

    Lie with dogs and you’ll wake up with fleas.

  • @[email protected]
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    736 hours ago

    Still 40% up over the last year. But Tesla has never paid dividends. Why they investing in a supposedly profitable company, one where the market cap is too big for anyone to buy them out, when it doesn’t pay dividends?

    • @[email protected]
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      42 hours ago

      Because if i bought last year and sold this year, id make 40% on my money. Thats why people keep buying in

    • CMLVI
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      646 hours ago

      There is some kind of shady deal going on, I bet. 0 reason why Tesla is worth more than like the next 12 biggest auto makers combined. The argument previously is that they’re a tech company with FSD, but that has become increasingly untrue as the years, missed targets, failed upgrades, and lack of implementation continue to pile up. Add-on Cyber Truck failures and Musk basically abandoning Tesla to play Govt Undertaker, and the company itself looks worse positioned than at any point in time.

      • @[email protected]
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        93 hours ago

        0 reason why Tesla is worth more than like the next 12 biggest auto makers combined.

        Market cap isn’t the same as market share, the reason their market cap is so high is because people are bad at investing and can be easily manipulated by a con man.

        • CMLVI
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          63 hours ago

          We’re saying the same thing, just one more eloquently than the other (you than me lol).

          • @[email protected]
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            139 minutes ago

            I was mainly meaning that there doesn’t really have to be a shady reason their market cap is so high, people are just dumb.

            • CMLVI
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              14 minutes ago

              Fair, but I do think it is deeper. His current ties to the administration have some current implications, but even prior to that, the amount he received with govt contracts and his habit of over-promising and under-delivering make me skeptical that the upwards trajectory can largely be blamed on retail investors. His cult of personality certainly is a portion of it, but I don’t think it would just be that.

              I’m also just a stupid person bitching on the internet, though, so give me thoughts whatever weight you’d prefer lmao.

              • @[email protected]
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                13 minutes ago

                the amount he received with govt contracts and his habit of over-promising and under-delivering make me skeptical that the upwards trajectory can largely be blamed on retail investors.

                I don’t think it’s solely because of retail investors, there are a lot of venture capital firms that are also really stupid about where they keep their money, as well as foreign investors like the Saudi.

                Imo when the market overcooks right before a recession a lot of capital holders don’t really know what to do with their money and so they end up investing in things like Tesla, the next tallest building in the world, or weird projects like Neom.

      • @[email protected]
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        255 hours ago

        I’ve been trading TSLA stock for a few years now, and Elon has been manipulating the stock price using his celebrity status for just as long. I remember that at one point the SEC was gonna press charges but instead they came to a compromise in which Elon would not tweet anything about TSLA without first submitting the tweet for SEC approval.

        The other thing is that TSLA is majority owned by retail investors, who generally speaking buy based on vibes and hype rather than sound fundamental analysis. The price is not logical and most analyst have said so for ages now. The company had like one or two real good years, anything before that and after that has been a nonstop hemorrhage of cash. But in my analysis the reason TSLA stock can no longer sustain this price is that their strategic advantage has been almost entirely eroded. Self driving cars? China beat them to the punch. Robotaxis? Awfully behind, they are going to be entering a crowded market by the time their tech is ready. Robots? Same as above, I mean Boston Dynamics has been doing this for two decades now. Cars? Every automaker makes an EV at this point and quite a few of them are actually nicer than Tesla even if they don’t have all the gimmicks.

        TSLA is for electric vehicles what IBM was for computers.

      • @Blue_Morpho
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        114 hours ago

        IMO its currently propped up by two effects. Musk going hard right making investors think Republicans will buy Teslas to support Trump. I also think they believe that Musk being in the government will get Trump to hand Telsa some sweet government money.

        It’s turning out that Republicans won’t buy Teslas even if Musk is full Nazi. Plus, Tesla has lost the entire rest of the world market by going full Trump.

        • @Raiderkev
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          53 hours ago

          I said it when he first started this right wing BS. Michael Jordan was smart enough to say Republicans buy sneakers too. He did the opposite in his ketamine fueled rage, and pissed off probably 70% of the people who actually wanted to buy his shitty cars. It’s an absolutely brain dead move.

    • Talaraine
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      86 hours ago

      I mean of course they’re going to be reticent to comment. Didn’t they just give him like $50 bill? Gotta save face and keep quiet about that… or they look like idiots too.

    • ShadowRam
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      35 hours ago

      I’m guessing they don’t care about dividends?

      They simply borrow all the money they could possibly want on the perceived collateral of their stock.

  • queermunist she/her
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    305 hours ago

    Listened to an interesting podcast last night about how vulnerable Tesla is to protester action. None of Elon’s other companies are profitable, they’re all hype bubbles, Tesla is the only company that actually makes money… but its models are getting old and the swastitruck was a flop and its fired all its talent in favor of loyalty to the company.

    • @Soup
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      185 hours ago

      Not only that but once they popularized EVs and more stubborn, established companies started to actually develop them they also lost a huge amount of market share. Every year there is less and less of a reason to buy one and there are several huge deal-breakers as well. It’s not a good position to be in.

      Sucks to suck.

      • queermunist she/her
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        155 hours ago

        Yup, the episode goes into this too. They had a huge opportunity as the biggest early entry into the market, but instead of focusing on producing a cheap mass production model they became a hype company that over promised and under delivered. Now the only hope is if the government bails them out (and it probably will)

        • @[email protected]
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          125 hours ago

          if the government bails them out (and it probably will)

          Given that Musk is now the king of conflicts of interest, who can eliminate whole government departments and replace them with contracts for his own companies, this seems very likely.

    • @ripcord
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      14 hours ago

      SpaceX isn’t profitable?

      • @[email protected]
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        53 hours ago

        I think the answer is that no one knows because it’s not a publicly traded company. But I would bet on no, it isn’t profitable, nor will it be for the next 100 years. It is however the good part of Elon’s legacy, and if he stayed out of politics he would have been remembered as one of the greatest men in history for the leapfrog in space exploration that he ignited.

        You really do have to die a hero or you live long enough to become the villain.

        • @logicbomb
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          21 hour ago

          Elon’s legacy now is that he’s the foreign Nazi who finally took control of the United States government.

      • queermunist she/her
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        33 hours ago

        We don’t know, it’s a private company and doesn’t have to publish. I could see it being profitable because it gets money from the government, but based on how Musk runs his companies I could also see it being a dumpster fire behind the scenes.

        • @[email protected]
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          11 hour ago

          I didn’t know how true anything is these days, but from what I’ve read he’s mostly hands off at SpaceX.

  • @[email protected]
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    276 hours ago

    I was hoping there was as a real movement against Musk. Instead, we got a whole article about one snarky post on X.

  • Lit
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    115 hours ago

    Fire him and get AI to do his job.

    • nocturne
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      85 hours ago

      AI could have designed a better cyber truck even with hallucinations.

  • @kutsinta
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    105 hours ago

    im curious as to how my sibling’s husband is feeling about this rn considering he was a lifelong democrat turned trump voter cuz of being a tesla/musk blowhard 🧐

    • @[email protected]
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      54 hours ago

      You should ask him if he’s heard about the recently released statistics that revealed that the Cybertruck is substantially more likely to catch fire in an accident than the Ford Pinto. You know, the car that is notorious for catching fire when rear-ended because the fuel tank is directly behind the rear bumper.

      But he doesn’t have to worry about that, because Musk is getting rid of the office in charge of keeping track of that sort of stuff, so he can be assured that he will never know if the next car he buys is gonna explode for no reason due to poor manufacturing until it does.

  • @Placebonickname
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    115 hours ago

    Musk looks a 50 year old starting a boyband for 17 year old girls.