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e.w. niedermeyer @niedermeyer.io · 7 days
I normally wouldn't bother sharing a story based on a survey of 7,500 NY Times readers, but in this specific case I'd say it's probably a pretty well-selected bellwether. Elon Musk's Politics May Be Pushing Some Buyers Away From Tesla [GIFT LINK🎁] www.nytimes.com/2024/07/02/b...
Elon Musk’s Politics May Be Pushing Some Buyers Away From Teslawww.nytimes.com The Tesla chief executive’s polarizing statements have alienated some potential customers and may be partly responsible for a recent slump in sales.
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Micah Warren @nonlinearpde.bsky.social · 7 days
Meanwhile
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One Who Walks Among the Dead @anubisthejackal.bsky.social · 7 days
Yeah, that kind of gives away the grift: their stock price has nothing to do with their actual capital assets or their sales.
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E-Something @nullinterface.bsky.social · 7 days
Memestocks are immune to the ratios and metrics that mere mortal stocks are judged by. Until something else captures the attention of the media and is welded into peoples' identities.
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One Who Walks Among the Dead @anubisthejackal.bsky.social · 7 days
Not even really a memestock any longer; GameStop was a memestock. Tesla is just openly doing grift as a business model, and investors love Musk for that.
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Micah Warren @nonlinearpde.bsky.social · 7 days
I was arguing with a shareholder last week on X about how anyone could approve his pay package and he was like "Elon will add easily multiples of that to market cap" ... it seems like he's not wrong here
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One Who Walks Among the Dead @anubisthejackal.bsky.social · 7 days
Yeah, I mean, Tesla is creating a contradiction in which very serious people have to both admit that Tesla's stock IS going up, they ARE getting wealthy, but also, it's not because of any actual retail operations they may or may not be engaged in.