Replying to @⁨eager_eagle@lemmy.world⁩

Futurism’s are particularly egregious. It exists to get clicks, and I mean in a way that clearly none of its writers give a single shit.

This headline and story in particular are okay enough, but in general, Futurism will take scraps and turn it into “[x person/business/industry our readerbase doesn’t like] is literally shitting its pants and DYING”.

Replying to @⁨Catoblepas@lemmy.blahaj.zone⁩

I think people are tired of these headlines because we’ve seen the same thing for many companies, without lasting consequences. It’s even worse for elon musk related stocks, because of how much manipulation those ones go through.

I don’t have a source, so take it with a grain of salt, but I vaguely remember a discussion that one of his companies couldn’t remove him because the stock was artificially inflated by his presence. It might have been tesla

Replying to @⁨otter@lemmy.ca⁩

There is another problem which keeps stocks like Tesla afloat when it really should have tanked a long time ago: Index funds based on indexes like S&P 500 etc., where investors are automatically buying Tesla stock when buying into the fund, which stabilizes the stock in question. Musk knows this and that was the exact reason why he tried to get indexes to bend the rules of inclusion for spaceX to be included in indexes earlier than usual. The grave consequences are people investing in index funds are directly milked. Pension funds often include indexes, so what Musk is doing there is in effect trying to steal from people who did not actively invest in SpaceX.

Replying to an earlier post

I’d say this is a significant factor. Some youtuber did a video where he basically showed that most Musk stocks were overinflated by a factor of 10 based on their traditional metrics. The difference was basically built on investors’ confidence that Musk could keep the companies growing. Between driving away customers, not focusing on building his businesses, and still not achieving the goals he promised, investors are rightly worried that desired growth is no longer something to bank on. He may have to stop relying on the wunderkind factor and actually start running his companies responsibly, and I don’t think he can do that anymore, if he ever could.

Replying to @⁨ayyy@sh.itjust.works⁩

Yeah, while there are some folks that are die-hard must have gas cars, lots of other folks experience instant torque, smoothest and quietest drive imaginable, and replenishing range without having to go out of your way to a station. Wondering when the next maintenance needs to come and there’s no oil, no wearing belts, no super hot engine bay, just some things like wiper blades and a bit more rough on tires owing to generally higher weight.

There are downsides and awkward fits for some people. My apartment dwelling colleague would be screwed since his place has no available residential charging. Road trips can be more inconvient (though viable and perhaps worth it if you are taking a road trip every few months but spare yourself a weekly trip to the gas station). But certainly there’s a market for which EVs provide more value than combustion vehicles.

Replying to @⁨jj4211@lemmy.world⁩

Currently it’s cheaper to road trip on gas than electric, mainly because NACS supercharging is so expensive, currently around $0.70/kWh for non-Teslas at superchargers. Once the CCS chargers start converting to NACS prices will hopefully fall due to competition. Also gas prices seemed destined to go up more and once they climb to the mid $5’s, electric pulls ahead again. An EV still makes sense overall because for most people most driving is not going to be road trips and so slightly higher costs for a road trip are going to be more than paid for due to local driving but unfortunately right now road trips are not a strength of EVs.

Replying to @⁨ExLisper@lemmy.curiana.net⁩

As always, people have short memories, or just do not give a shit about ethics

www.nytimes.com/…/tesla-elon-musk-europe.html

Tesla’s vehicle sales rose 77 percent from January through May compared with a year earlier, the European Automobile Manufacturers’ Association said this week. In May, Tesla sold 22,000 cars in Europe. That’s more than Ford, Nissan or Honda, even when including their fossil-fuel models.

Many people seem to have put aside their personal feelings about Mr. Musk after Tesla cut prices for its entry-level models to levels that are competitive with comparable gasoline or diesel vehicles and inexpensive cars from China. In some countries, Tesla’s Model Y sport utility vehicles can be leased for less than 300 euros, or about $340, a month.

“Once you go down the pricing scale, people pay less attention to ethics or morality,” said Matthias Schmidt, an independent analyst in Berlin who tracks electric vehicles sales. “Tesla’s product has become so appealing from a price perspective, it’s almost too good to refuse.”

A Tesla Supercharger station in Germany. Tesla’s sales have rebounded sharply in Europe alongside sales of all electric cars.www.nytimes.comIn Europe, Tesla Sales Are Rising Despite Views on Elon MuskPrice cuts and low-interest-rate loans are luring buyers, including people offended by the company’s chief executive.

Replying to @⁨kalleboo@lemmy.world⁩

The people I know who bought one don’t give a shit about ethics. They stayed away from them for as long as they were socially unacceptable, but as soon as the storm blew over they saw their chance to buy one.

Just… a data point. My experience is that at least 20% of a population doesn’t care about stuff like this. They care about their own social status, but not ethics.

Replying to @⁨0tan0d@lemmy.world⁩

I want you to be right, but I’m more skeptical. I see all over the place companies explicitly targeting a profitable subset: the biggest suckers of the available suckers. Higher margin, fewer whiny customers. Bonus points if it creates a cult-like fanbase (a lot of big brands manage to cultivate this).

Saw a story where a company explicitly had a strategy of “increase prices by 10x, and it may scare off 90% of customers, but the 10% left will be a wonderful gold mine”. Particularly shortages in the tech industry swayed a lot of folks that advocated for high-volume, low-margin to low-volume, high-margin.

So if 20% are ride-or-die for Tesla and Musk, then it might be a decent enough move to double down on those 20%.

Replying to @⁨ExLisper@lemmy.curiana.net⁩

When I see people drive them, I wonder why you would buy such a thing.

After a few years on this country’s hole filled roads and stone paved streets, they start to break down and develop a distinct squeaking noise, indicating that the build quality is not good at all.

Still, I think it’s more of a fashion statement from vain people that will trade it for a new car in 4 years, so build quality does not matter. It says “Look, peasants, I have an imported american car. Envy me, you Peugeot driving scum.”

Replying to @⁨alphabethunter@lemmy.world⁩

Note that while that sounds ridiculous, we demarcate value using a currency system that makes standing still look like mild growth. When you ultimately are controlling currency, you can create the appearance of growth under any real world condition you like.

So a company that looks flat in a system designed to make flat look like grown is actually experiencing some decline.

Of course whether that is a decline in product, results, or just random investor sentiment is all up in the air.

Replying to @⁨some_designer_dude@lemmy.world⁩

I downloaded for defending a rich person. “His networth is tied up in stocks” is the kinda shit someone says who doesn’t understand that that doesn’t make them any less rich. A trillionaire means a trillion dollars of your shit is owned by him, houses and farmlands and workers and production capacity and art. No one should be allowed to have more than 10-20 million, at that amount they can pick someone to never have to work again in their life every year for the rest of their life. That’s too much money.

Replying to @⁨gusgalarnyk@lemmy.world⁩

It’s not defending a rich person, it’s a statement of fact pertinent to the conversation.

Musk has most of his net worth in volatile investments. The total value of those investments once exceeded $1tn, but have lost value and no longer exceed $1tn. Therefore, he is no longer a trillionaire.

No other implications were made. Stop tilting at windmills.

Replying to @⁨StupidBrotherInLaw@lemmy.world⁩

I’ll post what I said to the other guy who thought it necessary to explain stocks to me.

The comment chain was:

  • I can’t believe Elon musk is a trillionaire, that doesn’t sit right with me.
  • he’s not a trillionaire, his stock went down, most of his wealth is in stocks
  • i downvoted because that statement sounded like a defense of the wealthy, not the TH letter (which I actually like, sorry to the people on Lemmy who seem to have a hate boner for it).

No, I do not think saying “actshully his numbers went down this month and he’s not a trillionaire” is value added or demonstrating a grasp on how wealth works. Elon will be a trillionaire again this year or next, and more importantly he will not be the only trillionaire we see by the end of this decade unless something is done about it. He will not always have his money heavily tied up stocks, and he’ll begin diversifying it. The difference between someone having 900 billion and 1.1 trillion is not significantly important, they’re both unbelievably bad.

Maybe I’m responding too much to this chain, he obviously wasn’t heavily defending him, but it is what people tend to say before they defend him elsewhere in the chain. I’m just interested in keeping these societal issue topics more focused and clean.

Billionaires shouldn’t exist. That’s the important part of this that I want to echo and protect. I’m sorry if it sounds like I’m “tilting at windmills” or making the cause seem bad, that’s not my intention.

Replying to @⁨gusgalarnyk@lemmy.world⁩

Not defending, just an explanation, and one that if anything would enrage Elon more.

He’s still an absurdly over-wealthed taint stain, but the specific numbers over that threshold were just not quite as substantial as other (also somewhat imaginary) numbers.

Point in fact, he was a trillionaire, and now he is not, but he didn’t lose anything real. He still has every bit the amount of real wealth and control over all that stuff you listed that he had before, just the number shifted by billions of dollars while preserving every last thing of import that was wrong with his wealth. He is no longer a trillionaire but that means absolutely nothing about the problems his wealth pose in real terms.

At some point, the numbers cease being a thing for meeting their needs, their comforts, and at some point even their every whim and preference they could possibly imagine. It just becomes a score and they peg their egos to the score. This is a level no one should ever be at.

Replying to @⁨jj4211@lemmy.world⁩

I understand and appreciate what you’re getting at but the comment chain was:

  • I can’t believe Elon musk is a trillionaire, that doesn’t sit right with me.
  • he’s not a trillionaire, his stock went down, most of his wealth is in stocks
  • i downvoted because that statement sounded like a defense of the wealthy, not the TH letter (which I actually like, sorry to the people on Lemmy who seem to have a hate boner for it).

I understand how his wealth is tied up and how volatile stocks are. The reality is Elon will be a trillionaire again this year or next, and more importantly he will not be the only trillionaire we see by the end of this decade unless something is done about it.

So I appreciate your comment. My point was only “no one should have a trillion dollars” is a far more important conversation to be having than “actshully his numbers went down this month and he’s not a trillionaire”.

Replying to @⁨Sxan@piefed.zip⁩

Correction, the SpaceX IPO is what briefly made him a trillionaire on paper. And yeah, that stock is in free fall too. Likely to be moreso when the locks come off for the people who got free shares as employees. If you look at the stock, and the way he set it up (his 1 share is worth 10 of everyone elses in voting power, as well as other weirdness) it’s not a long term stock. No one but a moron or a Musk Stan would keep it.

Replying to @⁨Horsey@lemmy.world⁩

English mostly dropped diacritics since it made things weirdly complicated inter-regionally in England since some regions used them and others didn’t. Frankly if you’re going to try to reform English through non organic it’d probably be better to just toss the latin alphabet outright and make something new. Personally I’d go with using a derivative of Anglo-Frisian runes personally mostly cause it’d be funny.

Replying to @⁨HugeNerd@lemmy.ca⁩

He’s using a “thorn” cuz he’s so tistic and awesome.

The poster’s stance is that one day they hope to see thorns in AI generated text.

This is probably quite difficult to actually happen, as LLMs will see the characters as a spelling mistake compared to their general corpus of text and correct them.

In the meantime it makes their posts difficult to parse and irritates other readers, so surely this can be considered a win for everyone in the fight against AI. /s

Replying to @⁨LazyBaby@lemmy.zip⁩

We are all in a bubble. Social media algorithms puts everyone to a certain narrative based on one’s interests and miss the bigger picture. I spoke to a guy who seems to be right leaning, kinda believes in outdated preconceptions such as men are naturally inclined to be spreading his seeds and cited billionaires like Jeff Bezos and Elon Musk. I told him most of Elon Musk’s children are IVF-conceived.

Replying to @⁨vaultdweller013@sh.itjust.works⁩

Neither of these men would go to Costco. Dale because they require membership with a photo ID and he doesn’t want to be tracked, Hank because it’s essentially collective bargaining with manufacturers and that’s Communism. (Peggy would absolutely love it, Bobby is excited by all the free samples, and Hank might be swayed by the end of the episode because of the principled stance on what things “ought to cost”.)

ETA: Rusty Shackleford might go to Costco.

Replying to @⁨Soggy@lemmy.world⁩

I was kinda figuring that it’s after the episode where they get over whatever gripes they have with Costco. Dale most certainly not have a membership card but Hank takes him anyways. Also I don’t think Hank would think it’s communism since Costco is actually a pretty damned good example of Capitalism done right with it undermining competition via lower prices using clever tricks rather than market dominance, he would probably have a different gripes like how far away it is versus how much they save or thinking they’re fucking over customers in some unseen way like selling old food or something.

I imagine it’d probably be something along the lines of Peggy dragging Hank to Costco and Dale tagging along for one reason or another. I could also see it becoming a mild gag in later episodes where Dale and Hank come back from Costco with mostly normal things but Dale buying the occasional weird shit in bulk.

Replying to @⁨sanitation@lemmy.today⁩

In two weeks when SPCX employees can sell, please let them cash out and resign as hard as possible. They’re reasonable intelligent people who know the promises are science fantasy, so this is a plausible scenario. Then, as investors lose faith, Tesla enters true freefall right as fElon tries to leverage his shares to float SPCX. Let this Icarus of Grift come spiraling down so we never have to hear about him or his cultists again.

Replying to @⁨Karjalan@lemmy.world⁩

Tesla is a hype stock and is based on hopes and dreams. Maybe it will get there but probably not. If Elon gets sick or quits, the entire company doesn’t have a chance.

I would say there is a very big chance of that happening in the next few years.

The next big wave is probably robotics and tesla could have a chance there though to once again rise. But many other tech companies want the same market.

Replying to @⁨1984@lemmy.today⁩

People don’t even read. They have record sales right now, the issue isn’t that people aren’t buying their cars.

The reason for the tank is because of how much money Tesla is spending on expansion; robotaxi rollout, data centers, and Optimus are sucking up short term funds in seeking out long term profits. Investors and the stock market hate this, but it’s nothing more than a temporary blip.

Replying to @⁨eestileib@sh.itjust.works⁩

If those ventures fail, they cut their losses and fall back on their cars which are doing wildly well and it’s back to business as usual. They have like 1.5 million active FSD users, nearly half of which are paying a monthly $99. They just added 200,000 more this quarter alone.

Don’t get me wrong, fuck Tesla, I wish to see Elon destitute and miserable. But it’s just not realistic, in my opinion.

Replying to @⁨NikkiDimes@lemmy.world⁩

It’s the same reason why other tech companies are falling too, like alphabet. The giant spending on AI surprised the market, which is strange, since it hasn’t been a secret. But the stock market is always over-reacting, which is why it’s easy to make money long term.

People without experience get scared and sell their stocks, until they get the needed experience to either sell and buy something on the way up, or don’t sell and wait it out.

Replying to @⁨1984@lemmy.today⁩

We’re already seeing. So far, each earning call has been a disaster, and things have only gotten worse. Sales are down world-wide, and the Chinese have taken over the EV world, with cars that are better and cheaper.

Tesla hasn’t had a single piece of good news since his Salute, and lots of bad news. Barring a change in upper management, they won’t be turning around.

But you? You should definitely buy more stock. Lots more.

Replying to @⁨Redvenom@retrolemmy.com⁩

There are a couple local teslas with the “I bought it before I knew how awful he is” stickers and like, okay, I can understand how that might happen. Still gonna judge you until there’s some evidence you don’t suck, but I’m willing to be forgiving on that one.

… However there’s also a local cybertruck with that sticker, and buddy no nobody’s buying it, stop trying to lie your way out of the consequences for your actions it just makes you look even worse. FWIW I’ve seen people throw rocks at the truck twice, so there’s some hope for the future.

Replying to @⁨Warl0k3@lemmy.world⁩

There are a couple local teslas with the “I bought it before I knew how awful he is” stickers and like, okay, I can understand how that might happen. Still gonna judge you until there’s some evidence you don’t suck, but I’m willing to be forgiving on that one.

Which is absolute bullshit fucking lies.

Cause hes been a piece of shit his entire fucking life. He’s been a piece of shit since Paypal (Which was notorious for stealing peoples money when he was still part of it, hell…probably still is today). The whole “I bought it before I knew how awful he was” bullshit is the equivalent of nazi’s ripping off their swastikas, and when confronted saying they knew nothing but what they’ve heard is awful and terrible.

Replying to @⁨A_Random_Idiot@lemmy.world⁩

I know a few very decent people who have bought like 6-7 years back. Especially back then this was just (at first sight, they were paying later when services came…) the best electric car out there. This has changed (BYD etc), and I don’t want to get into the general “cars suck” discussion here. Not my poimt. All I wanna say is that I in no way judge per se anybody driving an “old” model S. Not every average customer did the research and maybe it was a bit more known to the general public in the US than in the rest of the world what a douchebag Elon was let’s say pre 2020. All the newer/Tesla versions and their buyers? They can go fuck themselves because no excuse after DOGE any more. You’re directly supporting fascism. Everybody knows today.

Replying to @⁨ShotDonkey@lemmy.world⁩

What do you think about folks buying them second-hand? Some friends of ours are fairly liberal and dislike Musk, but they wanted an EV and couldn’t afford a new one. So they bought a used Tesla. As a liberal, I think the environment is my top issue… So I just shrugged. We can’t fix humanity’s bullshit while society is collapsing due to worsening climate disasters. It can be hard to get people to focus on something so esoteric though when people are struggling with more immediate needs, so I get the opposing view that it’s lower priority even if I disagree.

Replying to @⁨JcbAzPx@lemmy.world⁩

By “feel the fallout”, do you mean they won’t be able to buy replacement parts when the company goes under/ there will be a ton of maintenance due to poor product quality? Or do you mean the blowback from other liberals/ progressives? If the former, I can’t help but agree. If the latter, I guess that’s what I’m trying to take issue with/ head-off.

Replying to @⁨JcbAzPx@lemmy.world⁩

Bullshit.

The general public always had that information. Its why I’ve personally hated him since the fucking 90s. Since fucking paypal he was known as a cunt. Same with Peter Thiel.

People just put blinders on because they got big boners over electric cars and martian habitats. Cause thats the real issue here. Its not that people didnt know, Its that people willfully ignored, as they always do, because they wanted their neat shinies. Unfortunately for them, Musks miserable, worthless, cunt behavior continued to grow and get worse until they couldnt maintain their willful ignorance… The same willful ignorance that they now try to hide behind to pretend they didnt know what he was, to justify giving him the money to become what he is.

If you didnt know what a piece of shit he was, its because you averted your eyes, because the information has always fucking been there, willfully ignored, but its fucking been there.