Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.

  • hector@lemmy.today
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    1 hour ago

    And let me guess, stonk went up still?

    It’s not about the companies, it’s a gamble stock, divorced from the performance of the company.

    • ExcessShiv@lemmy.dbzer0.com
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      29 minutes ago

      Yes, because while they had lower profits than previously, they still had higher profits than expected. This market behavior is in no way unique or limited to Tesla or “meme stocks”. If a company increases profits, but less than expected, their stock usually drop despite increased profit. It’s because value is tied to actual results vs. expected results on the short term.

  • panda_abyss@lemmy.ca
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    3 hours ago

    I honestly don’t know how Musks companies work.

    Tesla makes cars. Cars don’t sell, so profit drops. Musk uses SpaceX to buy Teslas. Tesla’s profit declines, Musk says it’s an AI company, then buys AI from his other AI company, which he funded from Tesla stock. Musk buys Twitter, twitter goes down in value. Musk buys Twitter from himself using xAI, for higher than its market value, then boasts stock gains?

    So now Tesla is going to buy AI from himself, and build robots that were just pantomimed guys in suits… and somehow… profit???

    I don’t know what the fuck is going on in this world. But I would absolutely love to see Tesla’s stock drop and all of this made up debt-financing fall apart like the house of cards it is. However, Musk saying “we’re making robots now” seems to have nicely papered over what should be a massive stock decline. After his last one “Tesla isn’t a car company, it’s an AI company” now it’s “Tesla isn’t an AI company, it’s a factory company”.

    • pastermil@sh.itjust.works
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      5 minutes ago

      It’s simple in its principal, really…

      • you have multiple companies
      • one company (A) have some supply for some product
      • on the other company (B), you create demand for that product (i.e. for its operation)
      • thus, under your control, you make company A and B enter a trade agreement
      • as someone who brokered that deal, you get rewarded (e.g. from brokerage fee, or commision)
      • sometimes, by having a massive increase in sales, the stock for company A would increase, thus you can sell a little bit of it, which you can later buy back after the stock price goes back down
      • profit

      Some facts:

      • even though they’re your companies, you are a separate entity from them, and they are each its own entity
      • the money comes from the investors as well as profit, remember that they are separate
      • no, you cannot just take all the companies’ money, since even though they’re yours, there are corporate structures and other people at stake preventing that

      So you basically come up with some excuse for moving stuff around, then you come up with some excuse to siphon off some of that good stuff.

  • Cruxifux@feddit.nl
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    2 hours ago

    And yet he is still gaining wealth. Needs to be stopped. With a bullet.

    • D_C@sh.itjust.works
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      1 hour ago

      Wow, that escalated quickly.
      No, he needs to be stopped by a noose. Slowly.
      But he shouldn’t die like that…no, the guillotine should be used.
      Use the noose to lower him into the guillotine. Slowly.

      Wait, I was being hasty…maybe a gut shot could also be incorporated?

    • over_clox@lemmy.world
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      6 hours ago

      I totally agree. While I do have a Google account, I haven’t used it in many months, and my tablet and phones have never been signed in to begin with. I guess you might consider my mobile Android devices as ‘virgin’ devices, and I don’t mean Virgin Mobile.

      I did break my hiatus from Google briefly tonight, just to ask Google Docs to write a document to compare and contrast AI slop versus reality…

      https://lemmy.world/post/42327274

      Anyways, I’m done with Google again for as long as I can avoid it. But I’m still leaving the account active, if for no other reason than my YouTube videos (not like I’m even making any money off my random stuff)…

      • Cherry@piefed.social
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        45 minutes ago

        Have you tried libre office as an alternative to MS or Google. It’s pretty decent.

  • JackDark@lemmy.world
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    8 hours ago

    Investors largely expected the decline in sales in Tesla’s fourth quarter and full-year results for 2025, and the company beat Wall Street’s estimates for earnings and revenue, sending shares up in after-market trading Wednesday.

    Remember, this is talking about profits, not revenue. They’re still making profit. They did shit profits, but it was more than people expected them to make, so shares went up. Fuck Tesla.

    • scarabic@lemmy.world
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      2 hours ago

      Another way of saying it is that shares had already gone down because this was expected. When it wasn’t quite as bad as expected, they got a little bump back.

      • scarabic@lemmy.world
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        2 hours ago

        If the decline was expected, that had already affected the stock price. If you look ONLY at what happens on the day that expectation is finally official, in writing, then yes it’s counterintuitive. But it makes perfect sense that if a huge decline was already built into the price, then that price would rise a little when it’s found out that the decline wasn’t as bad as expected.

    • MagicShel@lemmy.zip
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      3 hours ago

      I rode in a Tesla last week. Some of the tech is better than what I’ve experienced in other vehicles. To be fair, a lot of the controls are way worse and key functions are buried in screens and menus that are difficult to find.

      I’ll never own a Tesla, but I do hope the always on wireframe view of everything around you comes to other vehicles. It’s way easier to see pedestrians and cross traffic in a parking spot on that screen than it is the 360 camera view on our new Traverse which is only available in reverse and for a few seconds after shifting to forward.

    • Signtist@bookwyr.me
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      6 hours ago

      I’ve been considering getting an electric car, and have been researching good models, and I can’t believe how many places are still recommending Tesla. I know the fediverse is far lefter than most other places, but I thought at the very least the general population had stopped trusting Musk and his scams.

      • AlecSadler@lemmy.dbzer0.com
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        3 hours ago

        I switched all my EVs over to GM-related products and, despite a variety of differences, some good some bad, I am overall happy and fine with the change.

    • morto@piefed.social
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      8 hours ago

      A lot of people are too alienated from everything, or can’t make relationships between brands and what’s behind them, because everything not directly visible in front of us is too abstract for them, and there’s those who are like “all brands are terrible, it won’t make any difference anyway”. Well, and there’s the nazi sympathizers…

  • muusemuuse@sh.itjust.works
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    6 hours ago

    Yea, I’m in transition from Apple myself. I’m working on swapping out HomePods next. I have homeassistant. I have a GPU in a server in a nice cool basement. Let’s do this.