• skozzii@lemmy.ca
    link
    fedilink
    English
    arrow-up
    36
    arrow-down
    1
    ·
    23 hours ago

    I can’t wait for Musks dominoes to fall. Once Tesla investors realize their investment is worthless all his other companies he has cross leveraged everything with will all list start collapsing and the whole thing comes down.

    That would be devastating to the markets, and it hasn’t even address the AI bubble which is going to pop and the biggest economic downfall and depression in American history begins.

    Tough times ahead no matter what, but the sooner Trump is gone they can start rebuilding.

    • Zron@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      ·
      7 hours ago

      The problem is that Tesla has become a self fulfilling prophecy. Not in any ability to actually make the products they advertise, but in making investors money. So many people have invested so much that the stock price now effectively describes investor’s aspirations for money, not their faith in Tesla. This has been true for some time. The value of the stock has been largely divorced from the reality of production targets, new products, or even the endless controversies.

    • sexy_peach@feddit.org
      link
      fedilink
      English
      arrow-up
      5
      ·
      7 hours ago

      Once Tesla investors realize their investment is worthless

      that’s going to take a long time