Musk melts down as Tesla stock price plunges
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.
https://finance.yahoo.com/news/musk-melts-down-tesla-stock-212504241.htmlOpen linkView original on lemmy.world1094
Comments206
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?
If he had just never started posting, he'd have such a better life.
He got terminal j k rowling disease 😔
Drugs are a powerful drug
finally feel emotions after coming down on drugs.
Wealthiest man in the world got his mind fried by social media like a dumbass pre-teen.
And ketamine. Don't forget about the ketamine.
And probably adderal or whatever expensive uppers he needed to counteract the ketamine
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.
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.
That's a great point. Life a life full of pleasures and have people hardly think of you.
this is when hes posting while not on ketamine, or cocaine.
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.
How do you illegally boycott something? I know he’s a fucking moron but this is one of the stupidest things he’s ever said
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.
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).
Not just corporations, but also individuals with a government contract and may also apply to government/school district employees
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.
I would love an explanation of how the boycott against Tesla is illegal.
Right? What's he gonna do? Force us to buy Teslas with no money?
They make great fireplaces.
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.
and busch had the last laugh, because they got ALCOHOLICS hooked they will never stop drinking busch beers.
"L'état, c'est moi," so anything he doesn't like is illegal.
In the victim of a hate crime!
That’s not what a hate crime is.
Well I hated it!
I'd argue that already was the case a few cort cases ago.
Man who doesn't drive buys fascist car to show solidarity with worlds richest man.
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.
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. 🤣
pro-trans*
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.
Is this real ? this sounds like actual schoolyard banter
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.
Unfortunately yes, our president is a moron.
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.
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.
Does trump even know how to drive? I don't think I've ever seen him driving anything except a golf cart.
He definitely doesn't drive his own golf carts
i heard he never got his license. made sense if yuor being driven everywhere in a limo.
Would have loved it if someone hit him with one of these in the debates
He's a New Yorker, too.
Lots of people in NYC don't have a license. They don't need them. It was a bit of a culture shock when I visited.
This coming from the same exact person that called for a boycott of Tesla not just two years ago, is fucking rich.
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.
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.
I fucking hate that man.
Far too vague for this timeline. More specificity, please.
Yes
https://www.youtube.com/watch?v=0svUOANVoDs
So, I wonder if he's really going to get one...he should like the new nickname they have.
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?
"anything I don't like is a Democrat."
"There's an investigation under way to find those responsible for my lost profits!"
$20 he'll demand arrest warrets or deportation of anyone not thinking about buying a tesla
Lol can he sue people for not wanting his bad Swasticars?
I think you mean "will he" and the answer is "yeah, probably"
He's doing a lot of things that shouldn't be legal.
cant investigate, when you already emptied most of the departments of investigations.
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?
Remember the democrats that have futuristic weather machines? The MAGA Democrats have more powers than the whole MCU.
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.
You would rather be a slave willing to die a horrible death, so one man will be a little more angry?
Musk will never know being poor, no matter if all his stock is devalued. He will never be left to fend for himself or worry about his electric being cut off. Will always have servants cleaning up after him. Sure, whatever “power” he has may be gone without his massive wealth, but there are 1000 more just as evil who would take his place.
Sure, a little schadenfreude is in order. But I certainly wouldn’t want to suffer that greatly just so musk can have a few more temper tantrums and things to remain the same.
"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.
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.
That's a great overall summary of the DNC right there.
that and parading his son around was a mistake. they shouldve ramped up the attack, and instead they just went into the background.
Wow, maybe Elon is the only person capable of getting Republicans out of internal combustible engines and into electric cars. Welcome to Bizzaro World.
Do we have any proof it's actually working?
Seems like it.
God damn is he stupid. TF did he think was gonna happen when he pissed off the kind of people that buy EV's
Nothing. He's not used to consequences.
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.
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.
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.
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 :)
and the INDIAN govt said it was ok if the SENTINALESE people "dispatches" invaders.
Projection to the highest degree.
Take me back ...to the island.
https://youtu.be/V8H2ETMpRFw?si=NfMs1Qy2UKXxhT57
He's such a loser that his tears bring straight joy!
his tears is just straight alcohol, ketamine and cocaine now.
ah, I was hoping it was literal. maybe one day, fingers crossed.
Melt down? Better pour 5 thousand tons of boron and sand on him.
In this economy?! The best we can do is a 55 gallon drum filled with Coca-Cola.
All I have is a couple dozen gallons of gasoline. But it'll do more good on him than in my truck.
The legs are really the problem when stuffing a chunky human into a barrel (or so I hear). And a guy like Elon will displace about 25 gallons of liquid, so we really only have to pay for 30.
Just need 5 tons
Hopefully in one of his own shoddy shitboxes.
Couldn't be more appropriate. Nazi cunt getting melted because of greed.
Sounds like he didn't work hard enough.
Maybe he should eat less avocado toast.
120 hours isn't enough, he needs to put in more hours.
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.
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.
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!
Also they were considering engineering cats whose colors change when exposed to rads
A good use for hostile architecture, unlike spiked steps that stop people from sitting on them.
https://en.m.wikipedia.org/wiki/Love_Canal
Make them challenger deep to really drive home that Lovecraft feel and keep away those pesky freedivers.
I hope it falls even more, what a loser
Why does he keep bringing up Epstein? Trump was best friends with the dude
Projection.
He's just thankful that Jeffrey was the man who introduced his brother Kimbal and his girlfriend. So Elon's sister in law is from the old Epstein stable. Keep it in the family.
Wow, the president is really scared, he even had to call trump for a photo op in front of a Tesla
He went from selling beans to selling shitty cars. The american dream is alive and well
Nazis aside, the cars aren’t shitty, or at least not the two cheaper, popular models. They certainly aren’t best in class, but saying they are shitty really undersells the good engineering that went in them, despite apartheid boy’s best efforts.
What makes you say this? All the statistics I saw (not that many, but enough to get a vibe) were pretty poor, and that's from before he went mask-off capital owner.
From what I’ve read, everything related to what makes the car move - the battery stuff, motors, etc - is, or maybe was, ahead of the competition. The infotainment was also the only one that didn’t suck, and didn’t have the familiar car lag.
Also the whole integration with their charging infrastructure still appears to be the absolute best - you park and plug in, nothing else. The navigation being very precise with charge estimations, and reroutes to charge spots when needed
https://www.consumerreports.org/cars/car-reliability-owner-satisfaction/who-makes-the-most-reliable-cars-a7824554938/
https://www.carscoops.com/2025/03/almost-1-in-4-tesla-model-3s-fails-government-safety-checks/#:~:text=Frequently%20noted%20problems%20concern%20the,in%20the%20T%C3%9CV%20reliability%20study.
This is the stuff I read. Not very scientific, but indicative of piss poor quality, especially given the price range. Where are you finding your stuff?
I can’t find any article that goes into any useful detail about the first part, so take that with a grain of salt. Most vaguely mention how the system has very few moving parts, the car is very aerodynamic, and praise the battery thermal management.
The rest though, that’s immediately obvious from any video review you watch
Y'know, if this gets conservatives to actually start being interested in EVs maybe that's not as bad of a result as it could've been
"Nazi Cries"
"Sieg creil"
"Tears are a waste of good suffering"
And suddenly racist Felon wasn't racist anymore! Elon! The racist felon!....well not anymore.
Herr's the full song by FOC: https://youtu.be/X-jVAHAuiS4 just replace dragon with Elon.
I received 0 money from any Democratic donor. They don't have to pay me to enjoy watching your downfall.
Some of us spent money to see this happen.
Cool. I cant wait for Tesla shareholders to file a class-action lawsuit for recklessly and negligently tanking the share price. Their portfolios have taken a significant hit, and it's directly attributable to his poor public behavior, as well as partnering up with the loudest anti-EV voice on the planet. They have easily demonstrable damages, and it would be an easy case to win. I'll bet there are numerous lawyers lining up their cases right now.
AND, its just a matter of time before the Tesla board fires him as CEO. He can wreck the government and Tesla, or he can run Tesla, but he cant do both.
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.
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.
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.
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 :)
Oooo “eXla”, that’s good, nice one!
[bows] you're too kind, I do what I can.
This is the true face of Musk, who is stuck perpetually in the mindset of a melodramatic 15 y/o.
It shows that a 5 y/o and a 15 y/o is running the country.
yummy.
He could lose 99% of it and come out completely unscathed. He lives in a reality separate from ours. The only thing he'll feel is a bullet through the head. Here's hoping!
I mean, so? I would rather him lose 99% of his wealth and be worth "only" $3.2 billion rather than him having a net-worth of $320 billion. Maybe that's just me, though.
Good to see the mainstream media finally (sort of) calling this what it was instead of tiptoeing around it
Only to get views. Tomorrow they’ll be bending a knee again.
out of curiosity, can you explain what physical stance has only one knee bent? Like, a lunge..? Genuinely new to this expression.
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fc8.alamy.com%2Fcomp%2FTAN4KJ%2Fhenry-bollingbroke-duke-of-lancaster-kneeling-before-richard-ii-bollingbroke-usurped-the-throne-while-king-richard-ii-was-in-ireland-when-richard-TAN4KJ.jpg&f=1&nofb=1&ipt=035fa753a68c508ed94fc21bb24f421da9257cc9c139c5a6ccdc044a725c7a61&ipo=images
"Bending the knee" means kneeling before (usually) royalty. It's a physical representation that the person standing deserves respect and therefore the person has lowered themselves to the ground on one knee.
Ah I see. I think you can understand my confusion though -- this guy has two knees bent, both at almost the same angle.
Given how litigious Musk is, I think that's as good as we'll get.
Doubt it to prove libel or slander he would have to somehow prove it wasn't a Nazi salute and it was specifically to hurt his reputation and not simply you know.... News.
Man. Poor guy. Really gotta feel for the nazi billionaires trying to destroy the world when their feefees get hurt. Chin up, champ!
hes more booze than blood at this point.
Good, strip his US citizenship and send his worthless back to South Africa.
We don't want him back, send him to Antarctica.
Why pollute such a pristine environment. Just fire up the incinerator
Just grant him his wish to go to Mars. We all get a happy ending ;)
and risk having him make first contact with alien life?
any alien civilization that comes into contact with him will default to exterminating the human race after incinerating him on the spot.
were doing something right if hes melting down.
How long until Trump announces a "strategic reserve" of Tesla stock?
The invisible bitch slap of the market strikes again! 🧐
Schadenfreude intensifies
Suck it Elon!
It is so accurate they qualified this with "allegedly" in this sentence.
Maybe more ketamine will help.
I hope it goes to zero
It's purpose was to trigger the other carmakers to sell BEVs. It has outlived its usefulness.
Ah, the invisible hand of the market, correcting over-inflated prices.
I mean they have shit QC, and their competition is fierce. The Cybertruck failed entirely as a product. That stock was overvalued for a long time. It was only high based on Musk. So it only stands to reason that it would fall based on him as well.
Today so many good news
He lost $23 billion from Tesla and $23 billion from tweeting about Carlos Slim
Has anyone told him about the pulling of bootstraps? I feel that if he really, realllly pulled then he could make that 46 bill back by the end of the week!
Aw, hes down to only $400 billion. However will he survive?
Trump just f***ed Tesla. It had some coolness left in the brand but Truml just removed that on the White House lawn.
Teslas have been the official MAGAmobile for a while now. The brand has been tainted for at least the last 6 months. Its just reaching a critical point where the stock is finally starting to crash. It will eventually end up around $20, which is where it belongs.
Somehow I’m not feeling bad
Embrace it, it comes to us all eventually!
Waking before noon should be a crime.
You can't be drunk all day unless you start in the morning!
me too bro, me too.
Good 👍
What are the odds he had someone torch a few cars just so he could try involving militia, etc?
The old "look look antifa!"
Where did you see he got sex slaves from Epstein?
He was calling the cave diver a paedo, which was a weird insult at the time. But it much have just been the projecting.
I don't doubt Musk fucked kids. Eventually it'll come out, just might be 2100 before we find out lol.
Tesla is crumbling for sure.
Thoughts and prayers
not needed, they have concepts of a plan
Maybe he should do more Nazi salutes.
Ketamine is a hell of a drug.
He doesn't seem to be having a good time. It reminds me of the DPH sub.
...
Republicans thought government employees needing to divest was just to keep them from making money..
They never realized the reason high ranking government officials shouldn't be invested in private companies like this, is people will fuck your private company up when you do things people don't like.
Not to mention that once federal employees found out Tesla was in our main index, lots of people pulled their retirement out of stocks and put it in the "safe" index. Even if you don't care about Musk and Tesla, when it's obvious the market is gonna crash, people pull their funds.
ketamine is one hell of a drug
You need to be more specific than "a child" considering he mentally already seems to be at the intellectual capacity of a 15-16 year old (except without any of the capacity to learn).
Some kind of ketamine induced dementia?
alcohol and cocaine,.
Shooting yourself in the head in a bunker speedrun GO!
idk, maybe he should try doing his salute again or step his DOGE policies up a notch, that might save whats left.
If you're against me, you're a pedo!
Good. Fuck him and fuck that overvalued shitty car company.
Dude would even get away with it all if he didn’t post everything he did on the internet.
Play stupid games, win stupid prizes.
Nobody feels sorry for this asshole
I'm amazed the stock is still as high as it is. Anyone buying a Tesla right now is making an unpopular statement in most the world.
ive seen an increasing amount cyberdumpsters in my blue area since last year, one regularly picks up the gf in my neighborhood. the people buying it is mostly ignorant of musks tantrum and his bigotry.
That was an awesome read. Thank you.
Apropos nothing, has there ever been an uglier name (aesthetically, aurally) than "Elon Musk"? Just say it out loud a couple of times. Does it not make you almost throw-up in your mouth a little bit?
Slartibartfast?
U wot
Trump sort of sounds like vomit getting caught in your throat after a burp, the Musk is what comes out when you finally hurl.
The entire family has bad taste in names, Errol Musk... Also a jackass, but less of a large scale grifter.
Musk = POS Nazi wannabe!
He is a Nazi.
Really feels like I got a front row seat to this massive dumpster fire of an administration.
after stringing out on ketamine and booze. wonder if he uses a vasoconstrictor on his eyes
Oh I’m so sad for him I’m even shed a tear 😹😹😹
Great to see. Fuckwad deserves it
Boofuckinghoo