Tesla has lost $800 billion in shareholder value this year -- and the stock price keeps dropping. https://www.rollingstone.com/culture/culture-news/tesla-stock-price-collapse-1234653228/
Tesla's Stock Price Hits a Multi-Year Low

Tesla has lost over $800 billion in market value in the last year — a decline fueled by Musk’s sloppy work at Twitter

Rolling Stone
@RollingStone HAHAHAHAHAHAHA take that Elon.

@RollingStone

Are you an election denying Republican?
AND a dedicated climate activist?
Boy oh boy, have we designed a car for you. Just for you.
You alone.
Wait do you have a brother?

"Tesla stock rout deepens on production halt "

@kevinrns @RollingStone Tesla is mimicking what MAGA is doing…. Sweet. 😆

Image by luis_molinero on Freepik

Text added by me.

@RollingStone
Here's the thing if youre #maga, you may not want to save #Tesla and Elron's sizable money flush.
If you're MAGA, you might want a Ford #F150, a massive power truck you can plug in for pennies, or the HUGE Hummer, which is now only electric.

I think Tesla is circling the bowl, with twitter.
#Genius.

@RollingStone It was around $15- $20 per share before its meme-stock days.
@RollingStone And his fan-boys still think he’s a genius.

@RollingStone "Earlier this month, Tesla investor Joe Cirincion accused Musk of “killing the company with his antics,” but the collapse of Tesla’s financial value may result in Musk having inadvertently killed two birds with one stone."

"two birds with one stone"

gotta give props to this writer.

@RollingStone I'm cut up for days if I lose €5

@RollingStone

⬆️ ⬆️ ⬆️ ⬆️

Maybe we should have shorted Tesla instead of short-sheeting Space Karen’s bunkbed.

@RollingStone
Almost would think he is doing it on purpose, in any case a man of many flaws…
self-destructive, narcissistic…

@RollingStone I don't understand how this is a surprise. First of all it was grotesquely over evaluated with a 'market value' bigger than all of the other automobile producers combined. Add on top of that an eratic and narcissistic a**h*le as CEO and it is the perfect storm.

On the positive side with all those funny money vanishing in the thin air it will curb inflation.

@RollingStone All this time I thought it was only the Tesla cars that randomly self destruct, who knew it was a company feature as well.
@Lucky188 @RollingStone
They don't self-destruct randomly -- only when the driver activates the self-destruct system. For some reason, the self-destruct system is called "autopilot".
@Steve98052 @RollingStone and thats the same for both the car and the company.
@RollingStone Looks like Musk has risen beyond and exceeded his level of incompetence.
@Ody @RollingStone hopefully they’re bankrupt completely in the next few months and someone less insane buys it for pennies.
@CindisPLace @RollingStone
Hopefully a post-Musk #Tesla figures out how to build cars that don't spontaneously combust.
@Ody @RollingStone other car companies apparently to be able to. Then again Tesla is a carbon credits reseller not a car company.

@CindisPLace @RollingStone

It's what now?

I did not know this.

@Ody @RollingStone Tesla makes electric cars usually at a loss, their main source of income is selling the carbon credits they earn for these EV cars to other companies like GM, Ford, etc. Not only are Tesla sales down these other companies are now starting to produce their own EV products. Tesla is in trouble going forward.

@CindisPLace @RollingStone

Huh. I didn't know EV credits could be bought and sold. That seems counterintuitive.

Tesla Stock Breakdown: By The Numbers, How Does Tesla Make Money In 2022?

We all consider Tesla an electric vehicle maker, but this company has other lines of business - from tax credits to solar panels to crypto. We examine Tesla’s financials to see how the company actually generates revenue and profits. No hype.

Forbes

@CindisPLace @RollingStone

Having read that, I'm shocked investors were so gung-ho on this company. It's a ticking time bomb.

@Ody @RollingStone exactly. What’s the draw? This was always a house of cards.

@Ody @CindisPLace @RollingStone if done right it's a clever way of letting the market shift towards greener energy. Rather than regulate specific solutions you make the cost of the thing you want to stop higher. You can pollute if you need to - so long as you're paying somebody to clean up. And you create a market for the people cleaning up which can drive innovation.

In practice I don't think it works that well (in the US at least)...

@RollingStone @Gargron the wisdom of the markets seems to be pretty low quality idk
@RollingStone Tesla Stock Keeps Falling, Logging Seventh Straight Decline.
The stock finished off more than 11%, the worst performer on the S&P 500.
https://wsj.com/livecoverage/stock-market-news-today-12-27-2022/card/tesla-stock-keeps-falling-on-pace-for-seventh-straight-decline-svsP0w8l2Nxq9b8bxwAY via @wsj
Stock Market Today, Dec. 27, 2022: Dow Closes Up, Nasdaq Tumbles Again

The Wall Street Journal’s full markets coverage.

WSJ
@RollingStone I am not even mad, thats amazing....
@Gargron I need the ability to post gifs in toots and comments....

@RollingStone

Their board needs to step in. This is ridiculous.

@RollingStone Seriously, nothing should be able to lose 800 fucking BILLION in value and still exist.
@RollingStone @Gargron — unfortunately Musk was able to cash out several billion dollars during the year—but his cultish fans (and all of us with SPX in our retirement plan portfolio) are still holding the bag for him.
@jelasher @RollingStone @Gargron
On the other hand, Musk squandered the Tesla stock he cashed out buying Twitter, so it's not like he's getting anything for the money.
@Steve98052 @RollingStone that does make me feel a bit better about it.
@jelasher @RollingStone
Happy to restore your schadenfreude.
@RollingStone I would never buy his stock or his cars.
@RollingStone the shareholders should be pissed that the CEO goes out of his way to upset the customer base.
@RollingStone Maybe he would focus more on Tesla instead of Twitter. He seems addicted to Twitter.
@RollingStone
Last I heard stopping meeting our carbon goals will only cost 600 billion. Tax these billionairs that throw monney around like this.
@RollingStone Uh, cause the designed vehicle is the GMC Gremlin of its time? How did we become such a branded non-inquisitive collective? Yes, we as a social collective hold a percentage of responsibility for the creation of out of the reach of “Justice” criminals. Perhaps I’m simply old and grown beyond generational national psyche, but I’ll never grow so old as to ignore the basic human dignity of those in need of basic human rights. Shame on all of us, myself included.
@RollingStone Meanwhile $AMZN lost about 1 trillion in market capitalization this year (from $170 to 83 for share)