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[-] rbn@sopuli.xyz 75 points 2 months ago

Not sure if it's adequate to list Tesla next to the Dow Jones, S&P 500 and Nasdaq as if they were equally important for the economic situation of the country. Tesla historically skyrocketed and plummeted several times. It's more a meme stock IMHO than a representative indicator of stability.

[-] mosiacmango@lemm.ee 111 points 2 months ago* (last edited 2 months ago)

Walz has been specifically mocking Tesla's stock plummet these past few months. Hes not saying they are equally important, hes just using this to taunt Musk.

A 1 day 10% drop is a gut punch worth mentioning. Being a meme stock means that the only thing holding it up is the idea that it will always go up. When the meme fades and it has to compete on fundamentals, a car company missing sales targets by 13% in one quarter ain't gonna do it.

[-] rbn@sopuli.xyz 7 points 2 months ago

Thanks for clarification. Still, looking at the Tesla chart similar upward/downward movements happed several times. It doesn't appear that special to me for that stock.

And yes, Tesla is not the same category of meme Stock as Gamestop. Still, compared to other stocks, the development of the share value is far less dependend on the operative success of the company. It feels more like a Musk stock that's influenced by news and tweets around his person going back and forth between hype and desaster.

[-] WuceBrillis@lemm.ee 11 points 2 months ago* (last edited 2 months ago)

It's a little special. The CEO of GameStop didn't turn every rational thinking person against him.

The only people still supporting Elon cant afford his car. So they can buy the stock just to have the stock, but that wont be enough to save things for them.

People will stop buying Teslas. If not anything else, they will stop buying Teslas because they are tired of buying new Windows.

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[-] UnderpantsWeevil@lemmy.world 5 points 2 months ago

Not sure if it’s adequate to list Tesla next to the Dow Jones, S&P 500 and Nasdaq as if they were equally important

Tesla is 2.4% of the entire NASDAQ market cap and serves as a significant chunk of financial portfolios across the banking sector. Hugely influential company, even before you get into how it's revenues prop up Starlink and Twitter.

Changes in the Tesla price have big downstream impacts on bank liquidity, future demand for computer hardware, and pension performance. It quite literally moves markets.

[-] Sgt_choke_n_stroke@lemmy.world 55 points 2 months ago

He needs to run for president. He's your dad without the fox news brain rot

[-] cupcakezealot@lemmy.blahaj.zone 14 points 2 months ago
[-] CalipherJones@lemmy.world 17 points 2 months ago

Tim Walz as President, AOC as Vice President would be a great combination and would give a clear path to the future.

[-] cupcakezealot@lemmy.blahaj.zone 43 points 2 months ago

white misogynists suck so bad because we could have had four years of a great economy and dad jokes by tim walz along with the entire walz family in the white house. :(

[-] TheFriar@lemm.ee 11 points 2 months ago

This narrative needs to die. Harris retained more male Biden voters than female Biden voters. The DNC forced a candidate through again—a candidate, mind you, that couldn’t even get traction in the last primary—without letting us choose them, they bungled the entire Biden situation by hiding his declining faculties, and when they choose their candidate for us to swallow? They add a heaping dose of the fucking cheneys as if that’s going to help their cause. They once again keep shifting to the right instead of listening to the massive calls for more progressive policies, and then when they fucked it up so royally they couldn’t beat the most unpopular president in history who was outright saying he was going to be a dictator, they go on the news and say it’s because they were “too progressive.” Not to mention the massively undercounted and overlooked Palestine issue that turned off so many voters. And then they have the gall to say it was because of misogyny. Gtfoh

[-] GoofSchmoofer@lemmy.world 5 points 2 months ago

shifting to the right instead of listening to the massive calls for more progressive policies

My thought is that the center-right Democrats that hold power in the federal government saw what happened to the center-right Republicans when MAGA took over, the centrist lost power to the more right leaning politicians. If the centrist Democrats do the same they will lose power as well. So their strategy has been to ignore and undermine the more left leaning policies and candidates so they can stay in power longer.

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[-] RizzRustbolt@lemmy.world 17 points 2 months ago

Tesla's that close to 230?

Musk must be shitting himself.

[-] Mongostein@lemmy.ca 5 points 2 months ago

What was it at the inauguration?

[-] pyre@lemmy.world 9 points 2 months ago* (last edited 2 months ago)

around 420 (not memeing just coincidence)

he really did blaze it.

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[-] friendlymessage@feddit.org 3 points 2 months ago

What's the significance of 230?

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[-] crazyhotpasta@lemm.ee 14 points 2 months ago

And some idiots think Trumpf is fit to lead a country ffs XD

[-] slaneesh_is_right@lemmy.org 8 points 2 months ago

They'll vote for him again.

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[-] Andromxda@lemmy.dbzer0.com 11 points 2 months ago* (last edited 2 months ago)
[-] pyre@lemmy.world 8 points 2 months ago* (last edited 2 months ago)

I can't get past verification. it just says wait for 0 seconds which I'm pretty sure I did.

am I a bot? is this how I'm finding out, Deckard, you son of a bitch

[-] pelespirit@sh.itjust.works 9 points 2 months ago

Please provide an archived link.

[-] TriflingToad@sh.itjust.works 12 points 2 months ago
[-] pelespirit@sh.itjust.works 4 points 2 months ago

Thanks for doing that. I hate these border line ones. It's for the troll baiting or maybe they said it and maybe they didn't say it situations. This post is none of that, which is why I didn't take it down.

[-] ByteOnBikes@slrpnk.net 3 points 2 months ago

Appreciate it. I keep forgetting to grab the link because I'm stupid.

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[-] Sam_Bass@lemmy.world 9 points 2 months ago

What is most unbelievable about it is that none of the House or Senate members are even flinching to impeach him

[-] Spacehooks@reddthat.com 7 points 2 months ago

O thought there were freezes for these event's. Pretty sure we had 2 during 45.

[-] ExtantHuman@lemm.ee 14 points 2 months ago* (last edited 2 months ago)

S&P500 needs to drop at least 7% to halt things for 15 mins. It only drops 5 yesterday

[-] TheBat@lemmy.world 5 points 2 months ago

There's always next week

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[-] assassinatedbyCIA@lemmy.world 7 points 2 months ago

Only thing is the stock market shouldn’t equal the economy. Many people suffered and continued to suffer during the rise of this asset bubble.

[-] Aceticon@lemmy.dbzer0.com 6 points 2 months ago

One of those four things is not like the other things ...

[-] HappyTimeHarry@lemm.ee 3 points 2 months ago* (last edited 2 months ago)

CRSH doing great right now though

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this post was submitted on 05 Apr 2025
1418 points (99.2% liked)

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