So are you trying to convince me that Trump is actually a good president?
he’s for the people
The great equalizer.
And the Tesla stock is still massively overinflated.
The loss is mostly even to the gains after trump was elected. It shot up like 80% after the election and is now back down to its October level, and it’s not like the October level was sane.
Data is ugly: this does not contextualize gains made in the tail end of the election and upto the inauguration. This miscommunicates the harm done to them. The economical harm must grow.
Also although this is nice to see. It’s alongside average American person having serious financial compression. Everyone above still has billions of dollars. They don’t care. The average American is deciding between food, rent, heat or meds right now. As I see a lot of “FAFO” I see this getting a lot worse through the summer where energy prices will surge.
Sad fact, though, is that these guys can’t lose money without everybody also being affected by it. Except for maybe Tesla, since it is easy to just not be invested in that bullshit. I imagine Amazon just goes up and down with the rest of the economy.
Basically there was a completely un justified bubble in the past few months, driving it up to double what it was worth for years.
Tesla was always an unjustified bubble. Even after these losses it has a market cap of ~800B compared to Toyota at 295B. Despite Toyota selling 10.8 million vehicles to Teslas 1.8 million last year. Assuming similar profit per vehicle tesla should be worth ~50B, assuming 3 times the profit, tesla should still max out at ~150B. There’s a long way to drop yet.
Seriously, TSLA is still at the same level as it was on November 5.
Finish him!
I’m gonna do a morris dance for more losses. Let’s bankrupt them all before the summer solstice.
Short term losses let’s see how they fare in the long run since it seems we are blazing the way into a cyberpunk future.
Now that you mention it this infographic would look right at home in any dystopia movie.
You love to see it.
Good.
Ahw yes. Bleed those fuckers dry.
I fear this will only be temporary. I really hope this trend continues.
Touching grass isn’t enough. I need bad things to happen to evil men in power.
Now show us wealth changes for Russian oligarchs since he took power.
I look at this and all I can think is “we can do better”.
and we will. we just started
Almost 50% of a company’s worth gone in 2 months. Tesla really is leading the race.
Sigh, Trump will just pump tax payer money into them during the recession…
trump is secretly a socialist trying to redistribute wealth! :O
How is he redistributing wealth exactly? I’ll tell you how: all the poors will panic sell their shares now (you can see loads of comments to sell on Lemmy), the rich will bulk buy them at discount, wait for a few years and will cash out record high dividends increasing the wealth gap much further.
The economical ignorance of a typical Lemmy user is just mind blowing… I mean, do you people have any school level education at least?
Poor people don’t have shares lol what are you talking about?
Of course they do. Even if not directly but by proxy through a pension. Pretty much everyone has investments. Are you 15 years old or something?
Fewer than 13 million USAmericans have pensions. In fact, nearly half have no retirement plan at all.
That’s what being poor actually means. Did you grow up rich or something?
No, I grew up and still live in a civilised country where every working human has a pension.
You know it was probably a joke, right?
This way of thinking is sadly not. Look at other comments, lemmings think that these billionaires have lost something, lol. They don’t realise that wealth is not money and literally nothing has changed in the lives of Zuck and Musk.
Did you not see that pathetic display at the whitehouse yesterday. It’s definitely bothering Elon
Henry Ford was also bothered when he got sued for anti-Semitism, yet he walked away still rich and his company still dominates US car market. I mean, the longer you live in a delusion the poorer you’ll end up. You do you, I’m just trying to warn you.
