Everything is blowing up in Elon Musk’s face | CNN Business
Everything is blowing up in Elon Musk’s face | CNN Business
13 comments
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The last 24 hours have brought a parade of humiliation for the world’s richest edgelord
Damn, a CNN journalist wrote this? Are we sure‽ LMAO
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That was enough to reverse a 6% decline in Tesla shares — a sign investors are optimistic that Musk will ditch the cheese-hat shenanigans and focus on his company’s rapidly shrinking market share
Those are some stupid fucking investors. My expectation is that continued public association between Musk and Tesla can only hurt Tesla from here on out. I can't see the people who have now embraced hatred of Must and his ideals will start buying his cars just because he's finished hurting the poor, sick, and elderly. Maybe, maybe, if Tesla gets a new CEO the company can rebound. But for me, as long as the money goes into Elon's pocket, it won't be a single penny of mine.
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The thing is, those investors are in a Catch-22 situation.
Tesla's valuation is absolutely absurd. Even after all the value the stock has lost, it still has a P/E ratio of more than 100. Standard, boring, normal car companies that are well run have a P/E ratio of 7.
These investors have convinced themselves that Tesla deserves to be thought of completely differently than other car companies because they have a genius in charge.
If they ditch Elon, they have to admit that they're just a normal car company, and the right price for their shares is $14 each or so, not the $270 it is now. But, if they keep Elon, they have to convince themselves that somehow their sales are going to turn around and their genius who happens to be a Nazi will somehow convince all the people who hate Nazis to buy cars from him.
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If they were smart they would sell before they're left holding the bag
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He should look very close at one of his vehicles battery packs. Like reaaaaalllllly close. Boom!
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Dammit, Timmy, you have fairy godparents; stop praying and start wishing!
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Username shows bias. I’m ok with that.
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Would be super if something actually blew up in his face.
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Nothing can penetrate his laminated face.
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Well deserved.
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Literally plz
13 comments