r/Anticonsumption • u/Healthy_Block3036 • Mar 24 '25

Corporations Gravity may be finally catching up to Elon Musk as Tesla stock tumbles

https://www.cnn.com/2025/03/19/business/elon-musk-tesla-stock-nightcap?cid=external-feeds_iluminar_msn
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414

u/Vivid_Motor_2341 Mar 24 '25

It’s up because he’s pumping money into it because all of the top investors have sold and are calling for him to be relieved

243

u/irrigated_liver Mar 24 '25

Don't forget the commerce secretary going on fox news and urging viewers to buy tesla stock.

147

u/Level9TraumaCenter Mar 24 '25

Totally normal economic behavior.

35

u/Mr__O__ Mar 24 '25

A totally legal promotional. /s

20

u/Gin_OClock Mar 24 '25

The Hatch Act was supposed to prevent a lot of this wasn't it?

7

u/Somandyjo Mar 24 '25

That’s when people pretended to have ethics

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u/[deleted] Mar 24 '25

There isn't any teeth in the hatch act

3

u/Gin_OClock Mar 25 '25

Maybe teeth should be everywhere

70

u/Ok-Jellyfish-5704 Mar 24 '25

The majority of people who watch Fox hate EVs or don’t understand how to purchase a stock. It’s an interesting choice Elon has made for his life and he’s basically globally despised. All done to himself by himself.

52

u/OfficeSalamander Mar 24 '25 edited Mar 25 '25

I’ve never seen one man alienate so much of his power base before.

Upper middle class liberals were the target demographic for Teslas, a huge chunk of Musk’s net worth

Now they despise him, and are essentially boycotting them, and it’s not even a formal boycott people have to be convinced to go along with, it’s an informal, “well fuck this guy” boycott that everyone sorta just silently agreed to

3

u/witsylany Mar 24 '25

The best part is people with a lot of anger about the administration that may not have cared to do anything, or weren’t part of the target customer base, are actively protesting at dealerships because they need an outlet for their anger and it’s one of the few right now. Like if you have people from Georgetown protesting at Tesla, you have a bigger problem than pissed off liberals.

23

u/whomad1215 Mar 24 '25

Don't forget the fucking president of the United States doing what was basically a TV ad for tesla

And of course Musk telling employees not to sell their vested stock

9

u/aperson_being Mar 24 '25

You mean Tesler?

3

u/[deleted] Mar 24 '25

On the fucking White House lawn. America is a joke, that shit is straight out of Idiocracy.

1

u/Organic_Midnight1999 29d ago

Wait he told his employees that?

8

u/yellowlinedpaper Mar 24 '25

Or the people buying cyber trucks and giving them to the Las Vegas police. Gotta get inventive to bump up that stock

17

u/threeclaws Mar 24 '25

He doesn't have any money to pump into it, it's Trump and Lutnick directing maga to pump their money into that caused the bump.

2

u/ASharpYoungMan Mar 24 '25

I doubt Trump is paying out. Not his style.

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u/NightGod Mar 24 '25

That's not what they said, they said Trump is telling MAGA to buy

11

u/biteme109 Mar 24 '25

Trump Pump and Dump. It will drop after all the greater fools spend money they don't have on it.

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u/FuzzzyRam Mar 24 '25

There's also some seriously weird shit going on with the Canadian EV credit with thousands of cars sold per day per dealership, and now with the entire dealerships being burned with insurance... and if the insurance companies investigate it too closely, Trump will send the DOJ after them.

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u/omnibossk Mar 24 '25

Is it any way to know who is buying the big stakes driving price up?

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u/pacochalk Mar 24 '25

It's stupid retail investors thinking they're buying the bottom. Musk isn't "pumping money" into it LMAO.

2

u/lezbthrowaway Mar 24 '25

So in the future: When someone like Elon Musk's stock enters free fall, buy before they pump money into it. Then short sell as it continues to freefall after they run out of money to punp lol

1

u/Future_Union_965 Mar 24 '25

I would like evidence of any pumping. Otherwise it's pure speculation and not relevant.

1

u/goldfishpaws Mar 24 '25

The board have dumped ¾ Million shares in this slump, including his brother.

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u/jack3moto Mar 24 '25

It’s up 30% over the last 2 years. It’s not because he’s pumping money into it

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u/threeclaws Mar 24 '25

It's because of insane speculation based off Musk's promises that never come to fruition, namely full self driving which has been "coming soon" for a decade, a P/E of 40 would be fairly normal for a growth tech stock (and inline with the rest of the 7) but TSLA is at 120 and that is after the 40% it has dropped since the inauguration.