Tesla shares plunge 15%, suffering steepest drop in five years

Well, I think it can go lower. Much lower.
- I don't believe you. PROVE IT!!!
  
  I think we can all prove it together.

Global sales of electric vehicles, including fully electric and plug-in hybrid models, increased 21% in January from a year ago, even as Tesla’s sales declined.
I found this part the most interesting. I was under the impression that EVs in general were on a downturn, but it seems it is only Tesla. Time to remove Elon from Tesla.
- I was under the impression that EVs in general were on a downturn
  The EV naysayers are likely to blame for that impression. EV growth rate has declined. EV sales are still growing, just at a slower rate that before.
  
  I bought an EV in November and everyone in my red state loves to ask me questions about it. Some start in a condescending place but most are genuinely interested in them.
- I think they're on a downturn in the US with interest rates being so high and rebates evaporating away, but globally they're doing well with all the shenanigans going on in China as well as Europe being more forward thinking.
  
  Incentives evaporating, chargers not getting built, legacy manufacturers backing away from EVs on the promise of cheap gas, revoked efficiency requirements, and no regulation of carbon emissions. US never did get to the point of a healthy EV ecosystem, and now we step back to square one
- I found this part the most interesting. I was under the impression that EVs in general were on a downturn, but it seems it is only Tesla. Time to remove Elon ~~from Tesla.~~
- It's pretty weird to watch markets - S&P 500 is down more than 3% this week, while international index like VXUS has gone up nearly 1% this past week.
  Seems like little d and fElon are doing a helluva job. I think this kind of thing is....rather unusual. VXUS did have a bad day today, but still not as bad as S&P.

Whats crazy is that even after losing more than half its value recently, it still has a PE ratio of around 128. Lol Can’t wait for the earnings to be released in April for the real bloodbath to start. Would be hilarious if it drops so much that FElon get’s margin called 😂
- They will weasel out somehow.
  
  We will hear an immediate news bulletin that all post office vehicles will be model Ys or something like that.
  
  If you default on your mortgage, you’ve got a problem. If you default on Twitter, the bank has a problem
- That would be wild lol. Trump has a storied history of turning on people who expend their usefulness to him, and often viciously. Many of the things that prop Musk up now can switch and work against him.

Keep boycotting, and join protests outside Tesla showrooms. ~60% of Musk's wealth is in Tesla shares. Tank the stock and tank his wealth and thus influence
There are protests all across the US and starting to spring up in other countries. Here's a list of upcoming ones + a guide to help organize one around you if none exist
https://actionnetwork.org/event_campaigns/teslatakedown
- The guy is a welfare queen who thinks he's a hero from one of Ayn Rand's horrible sci-fi novels.
  It's too bad he'll be able to send more money to his companies because he bought little d.
  
  Tesla share price is largely off of vibes, not how the company is actually doing. Boycotts and protests hurt the vibes more than the Trump money slush fund helps the vibes
  If it was prices like every other automaker based on profit, it'd be enormously lower in price than it is
- Tesla wealth is what he'd been leveraging for a lot of the rest of the companies, too.

Those are rookie numbers... I hope see it drop to its pre-pandemic valuation over the next year 📉
- Why stop there? Let's see how low it can go.
  
  Time for a game of limbo.

Tesla's valuation never made sense, and now its target market is limited to environmentally conscious Nazis.

This is the best news I have heard in the US in like a year.

Oh noes

Boycotts are working. May it continue.

Up 25% from a year ago nevertheless.
- Yeah, but this time investors might actively start dumping shares, because teslas stock was already ridiculously over inflated and their sales are now starting to decline and the legacy automakers are catching up, while the chinese curb stomped tesla already
- My dad was invested in Tesla and i convinced him to sell with this one simple truth
  There is very little overlap in the venn diagram of people who would buy teslas and the people who think what musk is doing is good.
  he is seriously pissing off his customer base

We are just getting started...

Steepest drop in 5 years, so far...
Too lazy to make the meme. But y'all know

I wonder what crisis they're going to create to distract, dismiss or deny that this is happening
- "Trans immigrants are forcing dogs to transition to match their owners' gender and then they're eating them and it's happening in every blue state and tariffs are the only way to fight it"
  
  Many people are saying. Just like turning mice transgender. It's just incredible.
  
  THEY'RE DE-PEEPEE'ING THE PETS!!!

Someone bring hotdogs and marshmallows for this dumpster fire.
- I too love industrial carcinogens in my food

https://www.youtube.com/watch?v=saC13RJ8CUs

All because you thought he made a Nazi salute and he's working with Trump.
No other valid reason. Wild and pathetic.
- If it wasn't a nazi salute, then why won't any other right-wing politicians, commentators, or pundits do it?
  They have been challenged to, and they all skirt around it.
  They claim it was a different gesture, along the lines of "giving my heart to you," but then won't do the actual gesture.
  Charlie kirks' attempt to write off the obvious nazi salute was especially funny:
  https://youtu.be/x7Nz6QbCrIE
  It's not even close... not even close....
  They won't do it because they all know what it was. They know its wrong. They know only elon would get away with it (and possibly trump) because they are the leaders of the cult.
  The only other person who did it (weakly, as far as i know, and almost didn't do it) is this guy:
  https://youtu.be/7E9pXCuJnbc
  It was so awkward. He even had to give a little nod to himself afterwards when it didn't go down badly, as if he was sighing in relief.
  It's pathetic that people try to defend it. It is obvious what it was.
- There was that time he called a rescue diver a pedo because he wasn't allowed to use his unsafe sub. Oh, and his blatant takeover of the government.
- I didn't think he did. I saw him do it. We all did.
- Can you show me data to justify TSLA for even trading at as high a price as it has considering it's assets, quality control, competition, product launch failures, etc?
  As far as I'm concerned, it's BEEN overvalued to hell just on the back of Elon Musk's name. So why can't it swing back the other way for the same reason?

I tried to buy at - 12% but market wanted - 15% today... Sold and switched to Nvidia. :)
Nvidia have quality products, tons of money and doesnt have an insane person in charge, so...
- This isn't wallstreetbets - are you lost or just offering the worst possible investing advice for fun?
- Are you trying to lose money?
- Nvidia have quality products
  Missing ROPs have entered the chat
  Edit: and melted power connectors
- I think you still fucked up. AI about to pop too.
- I hear buggy whips are on the upswing.