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this post was submitted on 11 Mar 2025
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Keep boycotting, and keep protesting it and it will struggle
Tesla share prices are based on vibes not the actual company performance. Mass boycotts and protests are bad for the vibes
It's also where most of Musk's wealth is, so the more it goes down the less he can leverage it to buy other stuff and keep his other companies afloat
It's now down 18.5% on the day! I wouldn't be surprised if Elon has used a lot of his shares to guarantee loans that will now come due.
I'm searching for a source, but I have read that most of his loans, especially a big part of his twitter loan is secured through Tesla. If TSLA falls far enough the banks will order payments and that will make him effectively bankrupt. No matter what his other stocks may be worth.
Tesla insiders are notably dumping a lot of shares right now
https://electrek.co/2025/03/10/tesla-tsla-insider-trading-elons-friend-james-murdoch-just-unloaded-13-million/
He said he's fucked if Trump doesn't win.
Turns out he maybe fucked either way!