this post was submitted on 31 Jan 2025
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Autonomous Vehicles

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[–] Plebcouncilman@sh.itjust.works 24 points 3 weeks ago (1 children)

And the stock still gained almost 5% since yesterday when they also announced revenue was down, way down and if you look closely at said revenue it was mostly from carbon credits which are endangered in the current administration. Without that they would have posted a loss.

Somewhere Alan Greenspan is tapping a sign.

[–] Lugh 18 points 3 weeks ago* (last edited 3 weeks ago) (3 children)

And the stock still gained almost 5% since yesterday when they also announced revenue was down,

I wonder are they assuming he'll be able to siphon hundreds of billions of government money?

The TrumpMelania memecoins are 100% brazen corruption with zero pushback, these people must think there's nothing to stop them.

Elon Musk’s DOGE Wants Access to the Treasury’s Payment Systems

[–] Benjaben@lemmy.world 8 points 3 weeks ago

Yeah I mean, company leader being prominently in bed with the most corrupt president ever is almost certainly great for business. Even Elon would have to try hard to fuck up that kinda advantage. Not surprising at all if investors are still bullish.

[–] Plebcouncilman@sh.itjust.works 6 points 3 weeks ago (1 children)

I dunno, from the institutional side almost all trading now happens through algorithms and from the consumer side almost all trading is fueled by memes and vibes. The crash is gonna be the mother of all crashes. I mean just look at what Deepseek did a few days ago, it deleted hundreds of billions of dollars in NVDIA stock value. These stocks are so overvalued that they reflect absolutely nothing about their present ability to turn a profit. They are pure speculative fantasy.

[–] Lugh 4 points 3 weeks ago* (last edited 3 weeks ago)

The crash is gonna be the mother of all crashes.

100%. When it happens on Trump's watch, I wonder will Trump take over the Federal Reserve? And start money printing trillions to rescue the stock market?

Erdogan has bankrupted Turkey with hyperinflation and his minions still love him.

Trump had bankrupted every business he's ever owned, it would be on brand for him to bankrupt America and the dollar as the world's reserve currency.

[–] JokeDeity@lemm.ee 3 points 3 weeks ago

There IS nothing to stop them. The FTC and related are absolutely worthless at best but more likely complicit.

[–] horse_battery_staple@lemmy.world 20 points 3 weeks ago (1 children)

He no longer has use for pumping Tesla stock with that talking point now that he has his army of chuds to buy into any pump and dump crypto scheme.

[–] pelespirit@sh.itjust.works 15 points 3 weeks ago

Plus, the stock for Tesla didn't really go that far down in price after the nazi salute. Strange times indeed.

[–] ExtremeDullard@lemmy.sdf.org 18 points 3 weeks ago

That's terrible news! Tesla's new customers have a hard time keeping their hands on the wheel while doing Nazi salutes. FSD was a solution for them.

[–] DogPeePoo@lemm.ee 11 points 3 weeks ago* (last edited 3 weeks ago)

No shit, he announced “FSD” in 2015.

Wait until the stock market figures this grifter out and carries the trajectory of his “FSD” lies over to his “AI” ambitions. His net worth is propped up on duct tape and lies.

[–] JokeDeity@lemm.ee 6 points 3 weeks ago

LMFAO, I can't believe this is the reality we actually got.

[–] Thcdenton@lemmy.world 6 points 3 weeks ago

Ok who nutted on a photo of elon

[–] TachyonTele@lemm.ee 4 points 3 weeks ago

I like the part where he failed. This is fun.

[–] Skullgrid@lemmy.world 1 points 3 weeks ago