Economics

545 readers

99 users here now

founded 2 years ago

159

Tesla's market cap sinks below $1 trillion as stock slumps more than 8% (www.cnbc.com)

submitted 3 days ago by [email protected] to c/[email protected]

14 comments fedilink hide all child comments

KEY POINTS

Tesla shares sank 8% on Tuesday and have now lost most of their gains that followed Donald Trump’s election victory in November.
The stock has plunged 25% this year, while the Nasdaq is down just 1.5%.
Reuters reported on Monday that the company’s long-awaited upgrade of its partially automated driving system in China left owners unimpressed.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 11 points 3 days ago (1 children)

Well when they get the contract to manufacture us military personnel carriers the grift will be lucrative

[–] [email protected] 9 points 2 days ago (2 children)

I saw that headline, but then I saw this one:

GSA to shut down federal EV chargers nationwide

Isn't it going to be difficult to operate EV armored cars without chargers access to government chargers, as in, at government locations? Are these new armored EVs supposed to charge at a Tesla Supercharger in a Walmart parking lot?

[–] [email protected] 8 points 2 days ago

It's almost as if the point isn't to produce anything useful, but to move money from the tax payers to the ruling class.

[–] [email protected] 2 points 2 days ago

Inefficiency and incompetency is big money. They can fuck it all up now, and half ass fixing it later, for a premium too!