Tesla is the worst-performing stock in the S&P 500 this year

psychothumbs@lemmy.world to News@lemmy.world – 446 points –
Tesla is the worst-performing stock in the S&P 500 this year
qz.com
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An electric car company who's sucking right wing dick and pissing off liberals isn't breaking records?!

BUT REPUBLICANS LOVE GREEN ENERGY

yeah, honestly, if you zoom out summary level, the whole thing is so confusing.

I'll admit I wasn't paying attention, so high-level he seemed like a Tony Stark, liberal darling: investing in space, internet access, electric cars, and solar. I mean, the dude was set to be a left-wing mascot. Boy was I an idiot. But I admit I wasn't paying close attention to any early flags.

Honestly, same. I liked him up till he called that dude a pedo for saving those kids before he could. He seemed cool up till then for the most part then holy shit did he nosedive.

Literally all he had to do was to shut the fuck up and let his companies make infinite money for him. But no, he's got to have his own personal face in the news. Now here we are, Musk is one of the most hated people on the planet and every single one of his businesses are tanking into the lithosphere.

It would be a lesson on hubris if he was capable of self reflection.

Yeah, apparantly there was shit before the pedo thing but it wasn't super widely known? To me, and many like me, he was just this shitposter running companies that seemed like they might really do cool shit like self driving cars and taking us to mars.

It's not prostitution if you pay in horses. Then it's patriarchy.

We had a good thing, you stupid son of a bitch! We had Tesla. We had SpaceX. We had everything we needed, and it all ran like clockwork.

SpaceX is tanking? Big news. Tesla is still the most valuable automaker, so it has a ways to go.

I hate him too, but let's not live in fantasy.

He was on track for that for sure. But he had two crippling flaws: anti union, and ego obsessed jackass.

The first is obvious how it went down. We like unions, he’s deep in the Californian ideology that caused conflict and he rejected the left aspects of that ideology because of what appears to be a lack of emotional regulation. And that’s where the second comes into play here. It’s also partly because the left is vicious. We kill our heroes to an unhealthy degree.

All that aside, they've also been floundering lately and lacking in any substantial new developments. Self driving isn't really progressing, their line-up hasn't seen any refreshes, no new features, and all they have to show for it is a Cybertruck with a bunch of issues and delays that probably wasn't going to sell well to begin with.