this post was submitted on 17 Mar 2025
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Technology

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[–] vga@sopuli.xyz 9 points 11 hours ago* (last edited 11 hours ago) (1 children)

Aand still +30% from year ago.

Is "Tesla is going bankrupt" then new "Putin has cancer"?

[–] sensiblepuffin@lemmy.funami.tech 4 points 7 hours ago (1 children)

The entire stock market is likely overvalued by 25% or so. This is a regression to the mean, accelerated by the fact that Musk no longer seems to care whether Tesla is successful or not. Probably because he sucked out all the money via that incentive package the board approved a few months ago.

[–] DragonTypeWyvern@midwest.social 2 points 1 hour ago (1 children)

The pay was in stock options. It essentially doubled his ownership of Tesla from 12% to 25% so he in fact cares a lot about the price.

The stockholders are definitely morons for agreeing to it. Pay the fashgeld and you never get rid of the fash.

[–] sensiblepuffin@lemmy.funami.tech 1 points 9 minutes ago

I didn't know that, thank you! Also apparently a judge has blocked the awarding of the package?