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.
Boycott US
Overview:
The community dedicated to boycotting the US until they stop fascism, restore full democracy and start following international law.
Americans have a moral obligation to resist Donald Trump and project 2025 at every turn.
America is a flawed democracy currently being ruled by oligarchs. Stop the backslide! Dont let America become the next Hungary.
America needs to challenge the court rulings of citizens united v. fec and shelby county v. holder, protect the media, implement independent district drawing, and the single transferable vote so they don't end up having people stay home in life-changing elections because they cannot vote for their favourite candidate.
Join 50501.chat to fight back!
Related communities:
Boycott:
!buycanadian@lemmy.ca
Activism:
!antitrumpalliance@lemmy.world
Seriously, TSLA is still at the same level as it was on November 5.
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.
tesla has been in a bubble for years. Granted, if an investor bought shares 10+ years ago, probably still make a tidy profit if they sell today. However those who bought in the past few months will probably pray for greater fools to rush in atm.
The world does not need (should not have) billionaires. When you have a couple of millions, it's enough to last you a lifetime.
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.
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.
So are you trying to convince me that Trump is actually a good president?
Losing all the money they made during Obama & Biden administration.
Ahw yes. Bleed those fuckers dry.
I fear this will only be temporary. I really hope this trend continues.
Now show us wealth changes for Russian oligarchs since he took power.
Love it! Keep on Keeping On!
Touching grass isn’t enough. I need bad things to happen to evil men in power.
Almost 50% of a company's worth gone in 2 months. Tesla really is leading the race.
trump is secretly a socialist trying to redistribute wealth! :O
Sigh, Trump will just pump tax payer money into them during the recession...