Tesla shares plunge 15%, suffering steepest drop in five years - eviltoast
  • Tailzse836@lemm.ee
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    2 hours ago

    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 😂

  • radiohead37@lemmynsfw.com
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    4 hours ago

    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.

    • masterofn001@lemmy.ca
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      38 minutes ago

      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.

    • partial_accumen@lemmy.world
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      3 hours ago

      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.

      • krashmo@lemmy.world
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        42 minutes ago

        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.

    • CmdrShepard42@lemm.ee
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      4 hours ago

      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.

      • AA5B@lemmy.world
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        50 minutes ago

        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

  • IninewCrow@lemmy.ca
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    4 hours ago

    I wonder what crisis they’re going to create to distract, dismiss or deny that this is happening

    • My_IFAKs___gone@lemmy.world
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      51 minutes ago

      “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”

  • 1984@lemmy.today
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    4 hours ago

    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…