No, it's his cultish stockholders. They believe that now he's out of Washington DC he will reinvigorate the brand with his "genius". They honestly believe he's fucking IRL Tony Stark instead of the snake oil salesman he's always been.

[–] kn0wmad1c@programming.dev 9 points 1 week ago* (last edited 1 week ago)

You're not wrong, but the stock market isn't the economy.

[–] SuspiciousCatThing@pawb.social 6 points 1 week ago

I'm sure our government will make sure he doesn't lose tooo much money.

[–] RejZoR@lemmy.ml 6 points 1 week ago

The fact that Tesla is valutated at such absurd numbers all based on bs speculations on their FSD and robotaxies, none of which even works well and isn't years late.

[–] hanrahan@slrpnk.net 5 points 1 week ago (1 children)

Plenty of time yet, Virgin Galatic was as high as $1200 from memory, now at 25c.

Thay said, they still sell a shit load of cars.

[–] Laser@feddit.org 2 points 1 week ago

Thay said, they still sell a shit load of cars.

It's only a meaningful metric if there are margins in these sales, which I'm not totally doubting, but the number alone doesn't tell everything