Elon Musk Begs Tesla Staff Not to Sell Their Stocks
1y 2mon ago by lemmy.world/u/just_another_person in politics from futurism.com
Keep it going. Canada, you're doing great.
Just a quick summary:
- insiders are selling huge amounts of stock
- sales figures in the last two months were horrible
- constant recalls of cybertrucks which are also basically not selling
- protests and vandalism
- brand is universally hated
- record trade-ins and sales of second hand vehicles
- no new models or products in the pipeline
- laughable vaporware announcements
- begging employees not to sell
- begging Trump for a sales show
- questionable accounting practices exposed in financial times
How anyone can still hold on to Tesla stock is beyond me.
How anyone can still hold on to Tesla stock is beyond me.
And they pay no dividends.
Busted for attempting fraud for EV rebates in Canada at numbers not physically possible and being stupid and arrogant enough to think he’d get away with it
Musk believes he's smarter than everyone else. So think of how stupid Musk is, then imagine how dumb he must believe everyone else is in order for him to be the smartest man alive.
Have/will they face any repercussions for this though?
Actually, because it’s not a fraudulent oligarchy, Transport Canada is actually investigating
You left out "Incredibly high P/E"
What I love is that it's a damned if you do, damned if you don't situation.
The whole reason it has such an absurd valuation, 20x higher than a normal car company, is that they convinced investors they weren't just a boring car company. They had a visionary CEO who was going to keep innovating and growing the company in ways that normal car companies could never replicate. He was Tony Stark! Now they're in a situation where it's that same CEO who's dragging them down. His politics is tanking their reputation, so it's tanking their stock value.
The problem is, if they dump him as CEO, there's absolutely no way to justify the absurd P/E ratio. They can't just go out and appoint another supposed "Tony Stark" to run the company. That means they stick with him and their stock price tanks because he's one of the most hated people in the world. Or, they ditch him and their stock price tanks because with their visionary CEO gone, the jig is up and there's clearly no way to justify a P/E ratio of 100 when Toyota has a P/E ratio of approximately 7.
And for Elon, half his wealth is Tesla stock, and he borrowed against that Tesla stock to fund his Twitter purchase. If Tesla tanks, it all could come crashing down around him. There's no escape for him either. He can't realistically even sell his stock because as soon as he started trying to do that it would signal his lack of confidence and cause the value to plummet.
It's just annoying that Tesla's stock isn't crashing faster. So many people who don't believe in the sunk cost fallacy, and are desperately lying to themselves rather than cashing out before the bubble bursts.
and the rebate fraud in canada.
My Rivian and Lucid stocks were doing great before Trump fucked everything up.
Bail while you can. Nobody is going to buy American for a generation.
Maybe internationally, but people in the US are itching to get good non-Tesla EVs and some of them aren't stoked about Kia and Hyundai, unfortunately.
I will rejoice the day I’m allowed to buy a BYD.
I will rejoice when I get my Aptera or Telo. Or Rivian R3.
I'm happy since years with Renault - first we got a kinda old Megane, that really was awesome and my wife really had her heart in it
So, when it was time to sell, because repairs would have cost us more than it's value, we were lucky that they brought out a Megane E-Tech (EV) and it just really is great
It could have some higher charging speeds, but it drives like a dream and the power of the e motor is nothing to compare with (well, besides other EVs)
It's a rather small car, but it's perfect for the city and we can still fit our snowboard/skis for such trips.
And shortly after we got it, we were driving on a highway with a 100km/h in a tunnel. Besides us was a tuned up Porsche and naturally we had a little race after the speed limit was lifted.
The Porsche driver couldn't keep up with the acceleration and you could really see his face getting red and more red, because his expensive tuned Porsche couldn't keep up with our efficient city cruiser
It's also great to get by cyclist in the city, because you instantly have the torque you need, and don't need to shift back and hope to hit the right spot of the engine.
There is pretty much no latency and...we just fucking fell in love with it
It's a really great car and I don't know, why Renaults seem to be not available in the USA
I think the writing on the wall is that the US stock market is going in a direction. If you may need that money in the next decade or ever it may be an excellent idea to diversify.
This is not financial advice but the US exchange is highly volatile at the moment.
I agree with you. As well, if you want to squeeze out a little more profit, transferring usd to CAD while the spread is the widest is probably a good move.
I'm not a personal advisor though.
Is been known for years that Tesla was extremely overvalued and a crash was eventually going to happen. People hating melon musk might be helping, but it’s not fully why, and that is good. It’s a shit company all around. My fear is given his current position with Trump, this could be end up working out for him and other oligarchs and hurting a lot of regular investors.
There are good indications that a significant part of the overvaluation was due to Musk hype, so clearly people hating on Musk will have an outsized impact compared to the public faces of other corporations. I'd still say that's a good reason for the stock to drop. Now, add on massive recalls to the truck designed in Minecraft, and lackluster sales for a variety of reasons (including Musk hate). It's not a good time to own Tesla.
Don't forget usa commerce secretary howard lutnick pimping tesla stock on fox news (last week or something?)
Oh right, what a sad spectacle that was.
Life experience.
We have seen the crowd turn against someone, hating someone, many times. It always blows over. Thats why we dont talk about what happened a year ago anymore.
Buying the stock now will pay off very much in a year from now, unless Tesla goes bankrupt, which I doubt. Musk has powerful friends.
I fact, I think it hit bottom a few days ago, at 232 dollars. It has recovered to 250 in the last few days.
Even if it does recover like you say, you’re cool with gifting money to an actual nazi who’s dismantling the US government?
I guess this is a good argument. I think elon is a child with mental issues. And obviously he is part of destroying what America stands for in the world.
I dont own Tesla stock at the moment, but when it starts going up, tons of people will jump on that train just to make money. Maybe you too.
I dont own Tesla stock at the moment, but when it starts going up, tons of people will jump on that train just to make money. Maybe you too.
So: "I don't have a moral compass when it comes to financial invesments and assume you don't either."?
Yeah I dont pick investments based on their morality. I believe thats a losing strategy.
Yeah, I mean, what's the worst that could happen? looks around
Tesla has been losing ground for a while. They were one of the first mass produced EVs with charging infrastructure, but now what makes them special? They have positioned themselves as a software/ai company but it was just a way to boost stock price. They don't have full self driving (fsd) that's been promised as next year for the past 10 years. On top of it they only rely on cameras for fsd and no lidar systems so I don't think they'll ever get full clearance outside the US.
So even if they ditch Elon I'm not sure if the sentiment can be brought back. Sure they may not go bankrupt but the stock should fall in line with other auto manufacturing companies.
Nothing makes them special today, but things can quickly change. Lemmy has such a young audience so many here dont seem to get that, but lets see where it is in a year.
I wish Lemmy would have the "remind me in a year" function....
Lemmy actually skews older, and also there is a remindme bot on Mastodon that works on Lemmy.
If you have a moment I would love to talk to you about a rich investment opportunity best know as artisanal gourds. Not since Blockbuster has the soil been so rich and the climate been so perfect for artisanal gourds. If you act now I have a bridge that is heavily discounted we can discuss.
I'm sorry but we only want fantastical legumes. Take your gourds elsewhere.
And we all know that bridge has a Muskelon troll living under it.
Ill pass on this fantastic one time offer. :)
There have been multiple companies who have gone through public image issues that have survived, but never regained their original status in the market.
The thing that it has been with Tesla is the company value never made sense and it was driven by hype for Elon and his "genius vision". With that facade going away the stock should continue to adjust to closer to other comparable car companies. Even recently they had a trailing P/E ratio of 121. That's crazy with only so few things in their product pipeline that we know about.
So the question now is how does the new public perception impact any new products they launch in the near term and how do they recover the confidence of the consumers? Not saying that it can't be done.
You do realise he is using his stock as collateral for tax free loans. You are funding his nazism by buying his stock. you are helping him avoid paying taxes.
So... How much GameStop stock are you still holding? 🤭
Haha :) I actually missed that train completely. I remember doing minor day trading but not being successful in that one.
While he is actively dismantling the government we all rely on it will not just "blow over". Also, Tesla as a company is on a downward track no matter what. What happens to a car company when no one buys their cars anymore?
It goes down in value on the stock market for a while. Revenue reports will show less profits.
But all this is temporary.
What exactly do you think gives value to a company's stock?
I never would have thought that Jim Cramer was a Lemmy user.
Congrats, you hit the trifecta!
remindme@mstdn.social 1 year
@arken Ok, I will remind you on Monday Mar 23, 2026 at 1:41 PM UTC.
@arken Here is your reminder!
Ok message me then, its a good chance Tesla is up 50% from its current value. If not, we can have good laugh about it.
I'm primarily going to hold you to this statement:
We have seen the crowd turn against someone, hating someone, many times. It always blows over. Thats why we dont talk about what happened a year ago anymore.
The bad will generated in the past few months won't blow over for Musk. This also means that, for example, if Tesla gets rid of Musk in the year to come, then their value in a year doesn't really mean much to this argument. :) See you in March 2026.
Im excited already to see where we will be. Hopefully not in the middle of a world war, then none of this matters...
See you then!
Now that's a sign of a healthy company!
Ken Lay, the head of Enron, told his employees the same thing.
And they've a thriving memecoin now, so do as Enron does, amirite?
"You can't sell them until I've flooded the market with all my shares first!" -fElon, probably
That's why he doesn't want them to sell. If the price drops low enough, the banks will make him sell all of the shares that he used for collateral to purchase Twitter. Cashing in billions in shares will be the final nail in Tesla's coffin.
Source on him using Tesla shares as loan collateral? That's not really how loans work
I mean you usually need something to back your loan. Seems to me that is exactly how loans work.
I mean it's totally possible to set up weird loans like this, but I'd love to see some information proving that's what Musk did for Twitter
Again, this is not weird in upper echelon financial strategies. And a quick search with the terms "musk Twitter Tesla collateral" got me a link to this article. You only have to read the first sentence for corroboration. And if you don't trust an article posted by NASDAQ for information about stocks, I dont think I can do more to help you.
That's not how loans work for little people.... It totally is how loans work for oligarchs because the money they get from the loan provider is tax free so no income tax.
Yep. It's called "Buy, Borrow, Die" and is the main way billionaires avoid taxes. They hold all their stocks and never sell them. Use the stocks as collateral to take out massive low interest loans, and live off the tax free loans until they die. Banks are happy having Billionaires business and Billionaires are happy paying significantly less than they would on interest than they would on taxes for selling shares.
Liquidate Musk. Appropriate his assets and redistribute the proceeds.
I saw a cybertruck today. Fucker had a new tag on it. Fucker just bought it. I yelled and czlled hiim a fucking nazi. No way you buy any Telsa without knowing who you support.
The cars I can generally excuse. Most people bought them before the true craziness of Musk was known and I’m not going to expect anyone to buy a new car because of the politics of the CEO, that’s crazy.
Cybertrucks though? Nah, fuck you if you bought of of those low poly-ass shitboxes. You knew what he was when you placed that order.
Liquidate Musk, in a blender, in Minecraft.
Nationalize all his companies. SpaceX should just be NASA anyway. SpaceX is actually an impressive company with great engineers despite Musk. The only bad parts of SpaceX are all connected to Musk and Management.
Musk has previously bragged that employee stock awards helped fend off unionization efforts in Tesla factories.
Indeed, Tesla is currently the only major American automaker whose workforce isn't represented by a union. Musk's strategy has previously been to pay employees much lower salaries than other American auto companies, offset with those Tesla stock awards.
Now that employee stock holdings are in the toilet, the leverage Musk once had over his laborers is quickly slipping through his fingers. The deeper Tesla's stocks plummet, the closer Musk pushes his underpaid workforce toward the bargaining table — which would be a huge cut to his own personal fortune.
But that's something only Tesla's employees can decide. In the meantime, calls on Musk to step down as Tesla CEO are only getting louder.
You expect unions to remain "legal" if that happens?
I expect hungry laborers who watched friends and family die in unsafe working conditions to do what is necessary.
Labor and capital have fought literal battles here before
Yep. They done fucked up letting this entire country arm themselves to the teeth. It's time for some armed labor movements on factory floors. Worker takeover of the company.
Historically, that's when we collectively reach for the ammo box. Hopefully we get it right this time.
So he can sell his and cash out first?
Nah. Tesla’s dead. Now we need to kill spacex
IF you have Tesla shares AND you waited for a sign to sell them all asap .........................
Elon has NOT demonstrated ANY transparency THIS YEAR. Don't listen to his words. Words are a "tool" that he uses to get what he wants, NOT what you want. He doesn't think he is lying, it's just business “management.” Lying is his way to help his business thrive. Perfectly normal...for him.
Perfectly normal for ALL Sociopathic Oligarchs. Lying, cheating, bad ethics, willingness to break the law, etc. are all considered valid business strategies these days. I've know many businesspeople who believe that.
Most businesspeople want to operate their businesses legally and ethically. People with morals and consciences wouldn't be proud of having a successful business if it only got that way through nefarious behavior.
Unethical businesspeople know that, and look for honest businesses like that to exploit. They see their unethical and illegal behavior as a competitive advantage over their honest competitors. They know their opponents won't cross a certain line, but they will, and they are actually excited to do it. They enjoy being dishonest, it makes them rich.
who would invest in a car that's so susceptible to spontaneous combustion
And so attractive to molotovs
Hey now, there's no need to be redundant.
I suppose that was the undertext... sorry, I'm great at ruining jokes 😂
While retail investors are buying up Tesla shares, insiders at the company are selling.
That's a quote from an article on the topic. Does that sound in any way ominous to you?
the public as exit liquidity. again.
The oligarchs are probably just using retirement funds to transfer the losses from their criminal cronies to the people.
asdf
I'm pretty Lons just got into this because he thought he would be able to syphon government money into his companies. Stop using them, and that stops happening.
He tried to make the jump from consumer goods, to military industrial complex. Fuck that shit right now.
In order for people to sell them other people have to be buying them.
Charges of domestic terrorism against anyone selling his Tesla stocks in 3... 2... 1...
Sell your stock. Make the bank cash out elon stock so that he pay taxes on his loan collaterals
I sold my Tesla stock long ago, before it crashed, because I wouldn't support M-Rat.
Now I'm thinking of buying a share, only because I want to be in the inevitable class-action lawsuit that is absolutely coming, blaming Musk for recklessly and predictably tanking the stock price, and the Board of Directors for not taking action and removing him from his job when he went out of his mind.
Could just buy puts
Puts don't get you into the class action lawsuit.
It's poor sales *from last year Q1 compared to 2023 Q1.
We're not even looking at 2024 Q2-4 or 2025 Q1 yet. Telsa might be completely underwater at this point.
Or just returning to where it should be. The stock should never have been valued that high.
I mean, if Jim Cramer is telling me to buy something, I'm gonna sell it. If he's telling me to sell, I'm gonna buy more. Never seen a stock guy wrong as often as him.
All of them are wrong. But he is the wrongest
I'm like 90% sure there is actually a mutual fund for the opposite of his recommendations.
So I just checked and it looks like the Inverse Jim Kramer Fund closed due to lack of interest.
It was doing well though, right under the Pelosi fund when it shuttered. Much better that following him at the very least.
He's hoping everyone else doesn't liquidate before he can. lol He's trying to leave everyone else holding the bag.
Last thing he wants to do is liquidate. His twitter loans are secured by Tesla stock. He'd only liquidate if he gets a margin call on those loans.
when the CEO is begging shareholders "please don't sell your stocks", that is quite possibly the single biggest red flag for any company ever. That is "pull your money out yesterday" territory.
Yep.
Saw a yt thing last night that over the past three months Tesla execs have sold over 175k shares too
The protests won't stop until the company is bankrupt. Sell em if you've got em.
I almost wish that I had stock to sell
Better option: short it.
I think the important thing to note here is that there are multiple ways to bet against a stock:
- If you have the stock, sell it.
- If you don't have the stock:
A. Buy a "Put" contract at a lower strike price than the current price in the future. At any time between the contract purchase and the expiration date you can exercise it and take your winnings.
B. Short Sell on Margin. Don't do this. Essentially you borrow the stock, sell it right away, then buy it back to return at the lower price.
Maximum loss:
- The difference between the price you purchased at, and the price you sold at.
2A: The fee per contract. One "Put Option Contract" is 100 shares * the fee. Say the fee for your strike price is $9. Then you pay $900 for one contract. That is your max loss.
2B: Your margin cap. If you borrowed and sold a share for $245, but it turned around and went up, your loss can be arbitrarily large. Don't margin. It's stupid.
Edit: Short selling big dumb, but shorting is not what this big dumb was explaining, this big dumb wanting to explain betting against stock. Fixed
Um... Selling a stock if you have it, is a long, not short position. Short position is always about borrowing it first and profiting from the margin. And if you have a long position and sell it on a downward trend chances are you're losing money.
You're right. I think I just smashed the thoughts into one sentence at the beginning
Never do a sinple short. The maximum possible gain is whatever the current price is at, but there is no cap on the potential loss.
Especially don't do this when Trump may order the federal government to buy a bunch of Teslas and make the stock surge again.
Musks Tesla stock holdings make it so that even if he were kicked out as CEO, the company would continue to be viewed as his personal piggy bank, and likely continue to face backlash for the stuff Musk is doing. Him liquidating his stock position would crater the stock price. It's pretty well cooked.
Yup, there is no way out of this now, and people know that. Even if there was a stock buyback, it's not going to save it from certain death.
Even if there was a stock buyback,
This is just a different way to issue dividends.
Do you mean a management buyout?
But yes Tesla is cooked. The only way out is to remove the taint of Musk. Would mean the financial equivalent of Musk chopping 2 legs off. He doesn't realise they are already full of gangrene.
Yes, I meant for internal stockholders to lessen the damage. Nothing they can do. I believe a large portion of their workforce was taking stock as compensation for a long time in lieu of cash, so this is just a harsh reality for them.
Selling high is good financial sense. I’m sure a business man as good as Musk would say that too.
Ketamine high.
Join in rest of the world, there is a lot of musk property to trash and destroy!
I may not know anything about the stock market, but I think this means everyone should sell their stocks.
so this bad use of oxygen psychopath has the nerve to ask his employees, who always exploits, and have a high chance of losing their job soon, to keep the investment on the swasticar so they have double the risk: their salary and their investment.
And all for personal gain.... why I'm not surprised? and why is he still wasting precious oxygen?
It surprises me that people that get stock rewards in their company don't instantly sell them. Yes, you pay more in taxes because of capital gains, but you can avoid that by waiting a year to sell if you really want to.
I work for a tech company that offers ESPPs and gives stocks as bonuses. I sell those instantly and just take the guaranteed profit and turn them into index funds. There is just no way in hell I'm linking my employment AND my stock portfolio to a single company.
COULD I potentially make more by waiting? Sure, but that is not a risk I ever want to take. I'm not gonna be holding my companies stock and have it tank in value AND lose my job at the same time.
Invest in stocks or index funds that are unrelated to your field of work. That's my advice anyway. You should never have all your money sitting in a single companies stock anyway.
yes I do the same, I never understood people's "loyalty" of holding.
Is just double risk.
dont you meant keta-cocaine-alcohol psychopath
It’s been holding at about 245 for a week. Bummer is not going lower.
It's being artificially pumped, according to the WS guys. They know this is going into solvency territory.
After this pathetic shit-show, it's going to drop more.
Yeah, this should scare the shit out of any investor.
Tesla stock is way, way overvalued. If it were based completely on the company and its product, it would be 1/5 or 1/6 of its current market value. That hyped-up value was based on Musk being a benevolent leader into a progressive future of electric vehicles, continentally available charging, shared infrastructure, getting off fossil fuels, solar and alternative energy sources, etc, etc. However now that he has shown that he is actually a regressive, do anything for a buck to be the first trillionaire even if he kills the USA in the process, a**hole, why would Tesla stock stay overvalued? Especially as every new line of Teslas has more problems, with the latest cybertruck being fully recalled? Anyone not bailing now is likely to lose most of their value the longer they wait. The MAGAs that Musk now appeals to are never going to buy an EV and his former supporters that he stabbed in the back will go on to other EV providers.
That P/E ratio it has is crazy. It's basically a meme stock. I think 1/5 to 1/6 is being very, very generous.
Would he do the same for you?
Sell! Sell! Sell!
SELL
This is going to end funny
A short history of what happens to Presidents in Peru From 2000 to now.
Alberto Fujimori July 1990 to November 2000 (10 years +) Imprisoned, Corruption and crimes against humanity.
Valentin Panaigua November 2000 to July 2001 (9 months) Transitional President
Alejandro Toledo July 2001 to July 2006 (5 years) Extradited, money laundering, collusion.
Alan Garcia July 2006 to July 2011 (5 years) Suicide, accused of bribery and corruption.
Ollanta Humala July 2011 to July 2016 (5 years) Imprisoned, accused of bribery and corruption. That’s two Presidents in a row!
Pedro Kuczynski July 2016 to March 2018 (almost 2 years) Under House arrest, accused of bribery. At least there is no corruption (charges).
Martin Vizcarra March 2018 to November 2020 (2 ½ years +) Ousted in Coup. Accusations of moral competence.
Manuel Merino SIX DAYS (6 DAYS) Resigned due to protests and riots.
Francisco Sagasti November 2020 to July 2021 (9 months) Transitional President
Pedro Castillo July 2021 to December 2022 (1 ½ years) Detained. In custody, attempt to dissolve Congress.
Season 2025 of the second phase of earth is sooo facinating!
Please hold the bag so I don't get a margin call.
If I had Tesla stock my terms would be that Elon Musk literally has to kiss my bare ass for me not to sell my stock. Then if he does it, I sell anyway!
Would it make sense to have bought it in the past just for leverage now? (not asking about 1 stock but if a ton of ppl did)
The traditional "leverage" is just the standard CEO - stockholder relationship. The CEO manages the company well and the stockholders reward the CEO with payment and/or by making the stock price go up by buying more and/or not selling. IMO that basic relationship broke down a while ago, but the stock market has been unhinged for so long that it seemed to not matter.
Elon sold ages ago. Just his yacht money remains. Can't lose that
He owns 12.8% (about $165b) according to Investopedia.
Hope his shares go to zero
Yep. Imagine buying at 180 P/E with this guy in charge. Madness.
Hope they sell them.
🖕elon musk
To the moon Uranus 🚀🍑
SELL SELL SELL!
Sell off! Sell off! Tank it! Make him suffer!
The stock is currently recovering but there's a lot of fear. People might bail out if Musk pulls another stunt.
Yeah he's been quiet the last few days, and I knew that had to be why. It won't last through, he's like Trump in that neither can stand it when they're not the center of attention.
Make him do something. If Elon eats a giant booger mad up of all stock owners boogers, then they won't sell. If he doesn't... ....well he can't sit at our lunchroom table.
Lmaooooooooo
Sell them
Could you guys wait until Wednesday? I want to take advantage of the current bump has on my put target
You're in for some fucking pain. Sorry.
:P
Nah the puts im buying are out to this summer, I'm not a weeklies guy. I've just been following it and when I decided to transfer the funds the fee was $13.50 for a break even of $181 on June 20. Right now it's down to like $9 for $181 on June 20. But fat lot of good it does if it crashes before I can buy the puts.
How will he ever get his 56B bonus? Boo hoo.
I wonder how this will end?
Probably with an illegal government bailout, either in the form of an incredibly generous to Tesla purchase order or just cold hard cash