Comment on Tesla profit tanked 46% in 2025 | TechCrunch
a_non_monotonic_function@lemmy.world 1 week agoPeople are remarkably dumb, yes. But look at last year alone. European sales tanked. Domestic sales sucked. People were vandalizing and burning his vehicles on dealership properties. He was literally tearing up on the news because no one likes him.
He isn’t immune to company devaluation, and he knows how dangerous that is given how much is tied to his garbage stocks.
baggachipz@sh.itjust.works 1 week ago
I want to believe. But, trillion dollar pay package.
a_non_monotonic_function@lemmy.world 1 week ago
Why do you think the pay package was so important right now? Folks this rich don’t need it, that’s why they get paid mostly in stocks with like $1 take home. Same reason Trump “donated” his salary. Optics when you can make so much more.
A dude like this would normally leverage stock to get low interest loans that they live off of and can write off.
A lot of people will shy away from Tesla permanently and his true believers are starting to crack.
baggachipz@sh.itjust.works 1 week ago
I’m just so cynical at this point. His car company is crap, he’s a right-wing joke, but his public company is near an all-time high. I see so many new teslas where I live, it’s so disheartening.
a_non_monotonic_function@lemmy.world 1 week ago
Same, but news just hit today of him converting an entire car factory over from cars to robots, and he is canceling entire lines of cars.
This is after the abject failure of the cyber truck. You can only take on so much technical debt.