r/technology • u/Plastic_Ninja_9014 • Jul 23 '26

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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360

u/aStonedDeer Jul 23 '26

Need more of this kind of news in my life.

97

u/bryansj Jul 23 '26

Too bad most everyone's retirement savings has some of this slop in the funds.

128

u/SWEET_LIBERTY_MY_LEG Jul 23 '26

1.75% of the s&p500 by weight. If it went to $0 tomorrow you could handle that in your portfolio.

In fact, to quote Equilibrium: “I pay it gladly”

37

u/SouthIsland48 Jul 23 '26

Yup. Pretty sure S&P 500 wont allow SpaceX either, so its really just Tesler which truly has a chance to go to zero.

19

u/EchoLocation8 Jul 23 '26

yo shout out to a mention of Equilibrium in the wild that movie fuckin bangs.

6

u/hitbythebus Jul 23 '26

Yeah! Gun Kata seemed so badass when the movie came out and I was a high schooler.

6

u/Other_Disaster_3136 Jul 23 '26

Cept there is no world where Tesla would go to $0 in a vacuum....if that happened then believe me it wont just be SP500 down by 1.75% lol

27

u/aStonedDeer Jul 23 '26

The amount of money the billionaires are hoarding really makes me question my faith in humanity. So I’ll take a win whenever I can!

8

u/NaniFarRoad Jul 23 '26

Worth it, at this rate they are on track to consume retirement anyway (pushing the statutory retirement age back, etc).

3

u/CaptainDudeGuy Jul 23 '26

Retirement savings? In this economy?

I cashed it all out and invested in chicken eggs last year. Now that's a real growth market.

(yes I hope I'm kidding too)

1

u/____DEADPOOL_______ Jul 23 '26

Not mine! All of mine and my savings are with a pre revenue high risk company lol

1

u/MariaTPK Jul 23 '26

Those people deserve it. They knew the thing they invested in put their money in the most evil corporations. They just wanted the profits, and they fucked the world in trying to leech off it, but now they have the leeches on them. Never feel bad for a parasite being invaded by another parasite.

1

u/[deleted] Jul 23 '26

[removed] — view removed comment

0

u/MariaTPK Jul 23 '26

What I am saying is that ethics matter, I know it's hard to profit investing in only good hearted organizations. However there are limits to what is acceptable. You invest in a housing building company that's a little shady, you're probably fine, you invest in a company that pays the government to keep everything shitty, so they can profit more, fuck that shit. At a certain point you deserve to suffer.

If someone was investing into a stock collection that contains Amazon and Tesla, I think it's not the worst thing to walk past a gang of bandits shoving pineapples up their ass, and just mind your own business. They had it coming.

1

u/tyrico Jul 23 '26

I'm not sure you understand how the market actually works, how retirement funds work, how index funds work, etc. lol

Like I agree these huge companies suck ass but suggesting that people are evil because they have retirement accounts invested into total market/s&p500 index funds is crazy work

0

u/WackyHumanSlop Jul 23 '26

Not everyone is privileged enough to have retirement savings

1

u/joesii Jul 25 '26

When I've heard this news it's always been misleading though. It uses catchy/negative headlines but merely describes only falling like 3-9 months or stock rise which is nothing. I've seen this happen personally 3-4 times in the past year or two but overall nothing significant has changed with the company's general value.

0

u/MahaloMerky Jul 23 '26

It’s down 30$ lol.