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bannacct56 t1_j1615pc wrote

Tesla stock isn't going down because you have too many employees, it's going damn because the owner has proven himself to be a horrible manager. This was his first real challenge and Let's be honest, he screwed it up since the beginning. He overpaid, he opened his big mouth which forced him to buy the company, he then wrecked it, and it's not getting better. So far that's what he's done with this challenge

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ifisch t1_j1759n2 wrote

It's going down because it was ridiculously overvalued in the first place

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kyflyboy t1_j17h1p1 wrote

Well the cars are horribly overpriced to begin with. But Musk's behavior has so completely damaged his brand, that all his companies and endeavors are tainted.

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Twerkatronic t1_j1888y4 wrote

The only reason it ever got so high in the first place is because he lied about taking tesla private at $420 "funding secured"

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sex_is_immutabl t1_j16blrh wrote

Reddit has been predicting Twitter implosion for months now. I am going to hazard a guess that this never happens and they actually become profitable within 2 years. Turns out Reddit's emotional impulses aren't a good barometer on the health of a business.

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voidsrus t1_j16hj9i wrote

>Reddit has been predicting Twitter implosion for months now.

laying off most of your institutional knowledge does not present short-term problems, it presents long-term problems. it's been less than 2 months.

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>Turns out Reddit's emotional impulses aren't a good barometer on the health of a business.

taking on $1 billion a year in interest payments you can't afford and making most of your revenue stream run for the hills is something not only a reddit user can figure out is going to cause problems for a business. that's why the stock the deal was financed with is cratering.

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leaf_26 t1_j17w93h wrote

and climate change isn't happening because my house isn't underwater at this moment /s

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Ok_Championship_2180 t1_j16n6do wrote

Exactly. As much as the media and reddit wants twitter to die it just won’t happen.

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