$420B can't be coincidence. Musk engineered the fall perfectly.

Alternative target was$800Bs

There’s always tomorrow.

Space lasers :) Pass the spliff.

so did everyone else. so?

Not I

Eh while you’re not wrong everyone else doesn’t have crazy P/E ratios and a personality cult as part of its price.

Will be interesting to see how Musk and his companies weather this storm

This analysis would be more convincing if other major tech companies hadn't fallen a similar amount today. It's a broad tech selloff.

Also, what's with this site? It only has a single article.

Similar amount?

GOOG -2% in 5 days

META -4% in 5 day

INTC -6% in 5 day

NVDA -9% in 5 day

TLSA -10% in 5 days

AMD -17% in 1 day

ASML -9% in 1 day

AVGO -10% in 1 day

MU -17% in 1 day

NVDA -9% in 1 day

SKHY -13% in 1 day

TSMC -10% in 1 day

As much as I think TSLA/SPCX are overvalued there is nothing unique about their drop compared to many other companies in the last day or two.

I think you mixed up 1 day and 5 day on a few of those. I think these are correct (they're just the Google search tickers):

  GOOG  -2% (1 day)  +1% (5 day)
  META  -4% (1 day)  -2% (5 day)
  INTC -10% (1 day) -24% (5 day)
  NVDA  -9% (1 day) -13% (5 day)
  TSLA -11% (1 day) -13% (5 day)
  SPCX  -9% (1 day) -10% (5 day)

Tis’ a tragedy Musk can’t stay focused on building great companies instead of shooting his mouth off about politics.

[delayed]

Well, the proof is in the eating so we'll find out whether bluster is more valuable than performance.

Haven’t a fucking clue what you’re talking about.

[delayed]

Musk is easily the most overtly political/shitposty business leader. Second place is so far behind it's not even clear who that would be.

I'm not speaking for the parent, but clearly it's easy to lament Musk's overtness without implying that everybody is doing it to a similar degree.

There's plenty of business leaders who are just as overtly political. None of them make the evening news. Probably because few of them are building the largest rocket, charger network, space constellation, global internet provider, etc. in the world.

[delayed]

I live in Europe and here companies stay silent about political issues.

I'd say the bigger tragedy is the actions he took that helped dismantle the federal government, exfiltrated vast amounts of private data, and directly led to the deaths of hundreds of thousands of people in the third world.

This imbecile should have stayed out of politics. There is no coming back from what he did.

Agreed. DOGE fucked over the NIH too.

Tsla has a PE of 380 with YoY degrowth over multiple years and no prospects of growth.

so you're saying it's the best meme stock ever?

What do you think about cybercab & the incoming ability for private owners to participate?

We already have uber and Lyft and taxis and our own cars and some other self driving things and bikes… and isn’t Apple supposedly coming out with a car sometime? This isn’t special and a lot of city dwellers aren’t interested in supporting musk anymore.

If you book a cybercab the price is significantly cheaper than an Uber or Lyft. You can book one to get across Austin for literally half the price of the competition.

I took screenshots of the prices I have paid because I was so happy with only having to pay $7 to get across my city.

Apple killed their car program years ago. I know because I work there.

>aren’t interested in supporting musk anymore.

That may be your personal political take, but there is no evidence that politics are slowing their growth in a meaningful way. There is still strong interest in Tesla products, products like Starlink are growing at an incredible rate, Starship launches command huge livestream viewership.

[delayed]

> There is still strong interest in Tesla products, products like Starlink

Starlink is a Tesla product? Both SpaceX and Tesla are counting it as their sale, wow!

He's responding to a claim that people "aren’t interested in supporting musk anymore"

Starlink is a Musk product.

There you go, now you understand.

I thought Apple canceled their car project - see https://carcody.com/apple-car-what-happened-to-project-titan...

It is almost as exciting as the transmutation of base metals into gold, the panacea, and the elixir of longevity — all of which I’m told are just around the corner at Musk’s companies

Have you heard of starship or the model y?

Those are at Musk's companies already.

> Have you heard of starship or the model y?

no

I have ridden in a cybercab several times and they are omnipresent in my city. They work extremely well and are scaling quickly. "No prospects for growth" is a pretty wild take given the obvious new things they are building.

Just hype and lies from Musk. He has been lying about self-driving cars for 10 years now.

How is it a lie? You can literally book a self driving Tesla anywhere in the Bay Area or Austin. I see them driving around Austin every day.

The hype and lies are about how profitable robotaxis will be and the claim that private people will be able to participate.

Regardless of whether private people participate, the actual robotaxi network they are running is real and growing quickly. Are you saying that self driving taxis are not going to be popular? Or is it just that the private citizen program will not materialize?

Regardless of whether private Tesla owners end up participating in the robotaxi market it does seem obvious that self driving taxis are going to be huge. Waymo and Cybercabs are growing quickly and will almost certainly completely dominate the market. Why would you ride in a Uber with a stinky driver (and pay more) when you could ride in a self driving taxi without a driver for cheaper?

Why would I ride in a Musk Nazimobile when I can just take a Waymo?

Self-driving cars should be required to use sensors that directly and accurately measure distances to objects. Just guessing the distance using parallax is stupid.

Self-driving cars should be required to be good at driving.

We should set a safety bar, and any method of achieving that bar should be fine. I'm fine with "N miles driven per injury."

It's not stupid if it works.

I and many millions of other Americans will happily ride in them. Your particular political view does not even represent 50% of the country. Even if you say 50% of Americans will boycott the company purely for political reasons, that's still a market of 150M people.

I do not trust any self driving car that can't directly measure distances to objects and instead just guesses it from video cameras.

Do you not trust any human drivers? They only have 2 eyeballs and cannot precisely measure the distance to any objects.

My guess is that you have ridden in an Uber or Lyft before and were comfortable enough to rely on their eyeball based system even though they weren't able to measure the distance to objects.

Regardless of whether you personally trust a camera-based system, the data do seem to show that it is possible to build a camera-based self driving system and have it be safer than human drivers.

Current computer binocular vision are not at all comparable to human vision and humans really aren't that great of drivers anyway.

What data? I don't really trust Tesla to release accurate data.

The CEO of a company saying and doing batshit crazy things for no reason, leading to a 50% (or 25%, or even 10%) global boycott, does not instill confidence in the company as an investment opportunity.

And if Musk were to suddenly die the value of his companies would instantly crater.

Not sure if this is an indictment of the company, or an endorsement of Musk.

It is an acknowledgement that gullible people fall for Musk's hype over and over.

> What do you think about cybercab & the incoming ability for private owners to participate?

I think Elon Musk says a lot of things.

Last year Tesla sold 1MM cars in us+China and another 150K in Europe. In the same period BYD sold about 3 million EVs.

Last MONTH (October) BYD sold 500K EVs. The US is propping up Tesla by keeping BYD out. I’ve driven several and they are great cars, much nicer than the aging Tesla line.

The US has had protectionist measures for its car market since forever.

That's why the US car market is so 'unique' and American brands struggle in foreign markets.

Japanese cars came in in the 70s and almost killed the US market. The Big Five became the Big Three (GM, Ford, Chrysler) and learned how to make cars again.

They then squandered that and are back where they were in the 70s, or worse.

> BYD sold about 3 million EVs.

Why is their stock price flat tho?

Lots of competition from other good car companies. I just used BYD because they are the biggest single EV company; they aren't a majority of EV production though.

> Last year Tesla sold 1MM cars in us+China and another 150K in Europe.

... Wait, really, it was that low?! VW AG sold about a million BEVs last year; at this point Tesla may actually be in third place (or even fourth, depending on what Geely's up to these days).

Never bet against Elon.

"I never bet against (Kirby? Ohtani?)" is a common phrase in baseball betting; usually a minor input that I should think about going the other way.

I lost all respect for him given his idiotic involvement with the government. And other obvious things.

Nvidia lost more than that by itself…

What is this random website that has a single AI generated article

Still wildly over valued, only time even remotely profitable is with government subsidies.

Lawfare is coming, everyone knows it.

If you mean enforcement of laws then yes.

Are we really shocked when their entire IPO was predicated on AI the companies primary future revenue and American voters just told the market they're not gonna make that easy?

Don't forget though: https://www.cnbc.com/2024/12/11/tesla-reaches-record-boosted...

> Tesla shares close at record high, boosted by 69% pop since Trump election victory

SPCX was not public back then, but I suspect it would have followed similar trends. In any case, Elon's still come out ahead. For now.