Post #4062419

2026-07-24 12:12 UTC

Sad trombone for the world's richest shithead. From the WSJ: "Tesla shares fell 15% on Thursday—erasing $215 billion of market value—after the electric-vehicle maker missed earnings targets and had negative cash flow for the first time in two years. It was part of a wider stock selloff amid fears that big tech companies are overspending on artificial intelligence. On an earnings call, Musk walked back earlier guidance on the rollout of Tesla’s Robotaxi ride-hailing service, Optimus humanoid robots and an electric semi truck that has been in development for years." "Shares of SpaceX, which went public at $135 and traded above $225 in the days after its debut, are down nearly 50% from those highs. The stock broke below its initial-public-offering price within weeks and has lost more than $1 trillion in value from its peak." https://www.wsj.com/finance/stocks/reality-bites-elon-musk-and-his-tesla-spacex-believers-1b639591 (paywall) https://archive.ph/GmKt1

Replies (8)

@womble@infosec.exchange 2026-07-24 12:16

@briankrebs@infosec.exchange ex-trillionaire tears are the only thing more delicious than doritos liquor (h/t @zzt@mas.to )

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@Sempf@infosec.exchange 2026-07-24 12:17

@briankrebs@infosec.exchange Oh, you are in a mood today.

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@DaveMWilburn@infosec.exchange 2026-07-24 12:38

@briankrebs@infosec.exchange That TSLA P/E ratio is still crazy, though. They have a lot further to fall.

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@Npars01@mstdn.social 2026-07-24 14:24

@briankrebs@infosec.exchange #FFFO Fund a Fascist & Find Out Anyone who spent over $288 million getting the Trump regime elected deserves what's coming their way. https://www.cnn.com/2025/02/01/politics/elon-musk-2024-election-spending-millions https://electrek.co/2025/10/23/elon-musk-spent-288m-to-cost-tesla-1-4b-in-lost-revenue-and-more-to-come/ https://newrepublic.com/post/204200/sonia-sotomayor-supreme-court-elon-musk-doge-quid-pro-quo https://www.washingtonpost.com/politics/2025/01/31/elon-musk-trump-donor-2024-election/ https://unlockdemocracy.org.uk/blog1/2025/6/17/did-elon-musk-buy-the-us-election https://spacedaily.com/j-v-the-single-largest-political-donation-in-modern-us-history-wasnt-a-campaign-check-but-a-self-built-spending-machine-america-pac-absorbed-239-million-aimed-at-one-candidate/

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@Epic_Null@infosec.exchange 2026-07-24 16:03

@briankrebs@infosec.exchange Were I a betting Null, I would join a fund that shorts this stupid stock.

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@jwi@aus.social 2026-07-24 13:06

@briankrebs@infosec.exchange A normal company would sack a CEO who consistently fails to deliver on their timeframe. They would also seriously question a CEO who loses money in a growing market. Global demand for EVs has gone through the roof and yet Tesla lost money.

Open ##4070028
@simonzerafa@infosec.exchange 2026-07-24 20:04

@briankrebs@infosec.exchange Too much to hope that the bubble is finally going to burst? 😲🤷‍♂️

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@paul_ipv6@infosec.exchange 2026-07-24 17:44

@briankrebs@infosec.exchange does that mean he's not a trillionaire any more?

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