• collapse_already@lemmy.ml
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    15 hours ago

    I’m still not convinced that isn’t just insurance fraud to try to recoup some money for junky cars no one wants while pretending he’s a political victim.

  • merc@sh.itjust.works
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    16 hours ago

    The best thing about this is that Tesla is massively overvalued. Like, the stock price is more than 20x what it should be based on Tesla’s earnings.

    If Tesla had a reasonable value, then hedge fund managers and other rich people would probably be buying it while it was temporarily down and getting rich as it went back up. But, with it so insanely overvalued, it’s much more likely they’ll short it or buy put options and hope to get rich when it finally crashes.

    • Yoga@lemmy.ca
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      15 hours ago

      Relatively speaking, Tesla is far less overvalued than in the past.

      At one point their market cap exceeded every other automaker in the world COMBINED.

      That might make sense if they were making unprecedented loads of money but of course they got trounced in sales compared to Toyota then and now.

      • merc@sh.itjust.works
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        14 hours ago

        Yes, it was at something like 30x overvalued, now it’s only 20x overvalued.

        Glad you mentioned Toyota. Their P/E ratio is approximately 7. Tesla is approximately 100. If Tesla were a well run car company with a lot of good vehicles and an anonymous CEO who nobody hates, the fair value of their stock would be about $14 per share. It’s currently $236 per share.

        Someone is going to make mountains of money shorting Tesla stock, but unfortunately it’s going to be someone rich. The market can remain irrational much longer than normal people can remain solvent. Some rich dude is going to take the risk though and make out like a bandit.

        • Yoga@lemmy.ca
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          14 hours ago

          NOOOOO don’t look at P/E ratios (the auto sector has always had extraordinarily low P/E ratios) you have to look at relative PEG ratios!

          At least that was the copium years ago. Now that their sales growth has petered out globally (even before all of the President Musk backlash) and China has free-money’d their way to a technological advantage for EVs I don’t even understand it anymore. The other automakers are either caught up or rapidly approaching and the thing I’ve been saying for years (PHEVs are superior to BEVs for most people) is being proven true.

          Before I called it hysteria and FOMO and blind optimism but now I just don’t get it.

  • Nemean_lion@lemmy.ca
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    15 hours ago

    The funny thing is the first tweet was right, just wrong in his intention. I don’t see this ending without a civil war.

  • segabased@lemmy.zip
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    21 hours ago

    How the hell do Elon and other oligarchs feel so safe to call for a literal civil war? He thinks the other side cares more about fighting Joe Bob more than the billionaires? Such strange delusional behavior

    • afronaut@slrpnk.net
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      6 hours ago

      Historically, that is how elites have always maintained their power, so yes. It’s just a lot more difficult to 1) mobilize an overworked and comfort-seeking populace, and 2) we are more interconnected than ever before.

      The power of propaganda is being seized by the people. We create the content. We cover current and localized events (in actual real time) because it’s our actual communities. We know who is who and what is what.

  • Heikki@lemm.ee
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    22 hours ago

    Does anyone else think the “happening in my town of (insert town name here)” is a bot account he set up to blow up small isolated incidents?

  • melpomenesclevage@lemmy.dbzer0.com
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    1 day ago

    genocide? cool and good. black bagging people for protected speech? yeah, pretty fucking cool. letting people die of preventable disease and disaster? yeah, what are you, gay?

    but damaging a car? you’re basically the worst thing a person can be.

    • reksas@sopuli.xyz
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      23 hours ago

      not damaging a car, what he considers attacking his ego by damaging his worthless scrap heaps. Weight on the word his, as they remain his cars even if you pay for them. he can take control of them or do whatever so you literally can’t even own a tesla, only suck up to musk.

    • rockhard@lemm.ee
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      15 hours ago

      He does think everyone is stupid. You should read the article his first wife wrote about him years ago. He called himself an Alpha among other cringey things during their wedding reception. EM has a superiority complex and bitches about weaponized empathy while weaponizing empathy by claiming to be a victim and, and his father allegedly put it, “retarded”.

  • Furbag@lemmy.world
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    23 hours ago

    We brought him a little taste of civil war. He’s just mad he’s on the losing side.

    • markstos@lemmy.world
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      1 day ago

      Burning lithium batteries are explosive, toxic and released heavy metals.

      There’s a limited supply of the materials for EVs and e-bikes but a huge value in replacing gas cars with these vehicles.

      Burning these huge batteries harms people breathing the air in the area.

      • melpomenesclevage@lemmy.dbzer0.com
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        1 day ago

        hey what if we used trains with overhead wire instead? they’re better in basically every way, especially someplace relatively flat like vegas.

      • FabledAepitaph@lemmy.world
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        1 day ago

        Yeah, it’d be better just to cease their purchase and let them sit, completely useless. A burnt car gets an insurance payout. What about throwing those giant stickers on the windshield that don’t peel off without ripping and leave a ridiculous mess? There was a Russian YouTube channel where people would do that to people driving on sidewalks.

        Bonus money and business for car detailers? Lol

        • ralakus@lemmy.world
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          1 day ago

          I would agree normally, but at a larger scale, it would cost insurance more to replace everything leading to higher rates and possibly refusal of insurance due to the risk associated.

        • NewSocialWhoDis@lemm.ee
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          22 hours ago

          I thought Teslas (or maybe just the Cyber truck?) wasn’t insurable. I thought that was the whole reason Tesla has to offer car insurance, because regular insurers won’t cover them.

        • rumba@lemmy.zip
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          1 day ago

          throwing those giant stickers on the windshield that don’t peel off without ripping

          I read that in snowcrash, didn’t know it was a real thing.

  • Th4tGuyII@fedia.io
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    1 day ago

    Musk: “Civil War is Inevitable!”

    People destroy his company’s products.

    Musk:

  • jmcs@discuss.tchncs.de
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    2 days ago

    He assumed his opponents would kill random people instead of targeting his property.

    He probably can’t even comprehend a worldview where people prefer to attack wealth over taking another human being’s life.

    • cabinet_sanchez@midwest.social
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      1 day ago

      I was looking for someone saying this. He was envisioning a bunch of us poors fighting each other when he called for civil war. He never thought it would be all of us against him.

      It really does show that violence might be the only way to get through to these people. Not that I would ever advocate for such a thing directly myself of course of course. But if this is the only thing that gets their attention, it seems like he’s inviting more of it.