Data is ugly: this does not contextualize gains made in the tail end of the election and upto the inauguration. This miscommunicates the harm done to them. The economical harm must grow.
Boycott US
Overview:
The community dedicated to boycotting the US until they stop fascism, restore full democracy and start following international law.
Americans have a moral obligation to resist Donald Trump and project 2025 at every turn.
America is a flawed democracy currently being ruled by oligarchs. Stop the backslide! Dont let America become the next Hungary.
America needs to challenge the court rulings of citizens united v. fec and shelby county v. holder, protect the media, implement independent district drawing, and the single transferable vote so they don't end up having people stay home in life-changing elections because they cannot vote for their favourite candidate.
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Seriously, TSLA is still at the same level as it was on November 5.
Basically there was a completely un justified bubble in the past few months, driving it up to double what it was worth for years.
Tesla was always an unjustified bubble. Even after these losses it has a market cap of ~800B compared to Toyota at 295B. Despite Toyota selling 10.8 million vehicles to Teslas 1.8 million last year. Assuming similar profit per vehicle tesla should be worth ~50B, assuming 3 times the profit, tesla should still max out at ~150B. There's a long way to drop yet.
tesla has been in a bubble for years. Granted, if an investor bought shares 10+ years ago, probably still make a tidy profit if they sell today. However those who bought in the past few months will probably pray for greater fools to rush in atm.
Also although this is nice to see. It’s alongside average American person having serious financial compression. Everyone above still has billions of dollars. They don’t care. The average American is deciding between food, rent, heat or meds right now. As I see a lot of “FAFO” I see this getting a lot worse through the summer where energy prices will surge.
I look at this and all I can think is "we can do better".
and we will. we just started
And the Tesla stock is still massively overinflated.
The loss is mostly even to the gains after trump was elected. It shot up like 80% after the election and is now back down to its October level, and it's not like the October level was sane.
The world does not need (should not have) billionaires. When you have a couple of millions, it's enough to last you a lifetime.
Like, you get a golden crown in exchange for the extra wealth, like, congratulations like, good job, like, amazing.
Now go retire on an island of something.
So are you trying to convince me that Trump is actually a good president?
Touching grass isn’t enough. I need bad things to happen to evil men in power.
Short term losses let's see how they fare in the long run since it seems we are blazing the way into a cyberpunk future.
Now that you mention it this infographic would look right at home in any dystopia movie.
Sigh, Trump will just pump tax payer money into them during the recession...
These are rookie numbers! We need to pump them up!!!
Ahw yes. Bleed those fuckers dry.
I fear this will only be temporary. I really hope this trend continues.
Almost 50% of a company's worth gone in 2 months. Tesla really is leading the race.
Now show us wealth changes for Russian oligarchs since he took power.
trump is secretly a socialist trying to redistribute wealth! :O
critical support to comrade trump! /s
Losing all the money they made during Obama & Biden administration.
Finish him!
You love to see it.
Love it! Keep on Keeping On!
Good.