this post was submitted on 25 Jul 2026
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tesla has had disastrous earnings in the past and it hasn't bothered the investors before. what charged?
I think in the eyes of many investors, Elon has lost whatever mojo they thought he had. As Elon never had any mojo to speak of, this mostly just means the investors are finally catching up with reality.
Could be that some of the irrational Musk fanboys have moved their money over to Spacex? Could also be a complete coincidence though given past Tesla price movements.
Or, SpaceX dropping below IPO price woke up the braindead morons to reality and they're now selling off anything attached to Musk.
I'd say this is a significant factor. Some youtuber did a video where he basically showed that most Musk stocks were overinflated by a factor of 10 based on their traditional metrics. The difference was basically built on investors' confidence that Musk could keep the companies growing. Between driving away customers, not focusing on building his businesses, and still not achieving the goals he promised, investors are rightly worried that desired growth is no longer something to bank on. He may have to stop relying on the wunderkind factor and actually start running his companies responsibly, and I don't think he can do that anymore, if he ever could.
Didn't help that he pissed away the carefully cultivated "Tony Stark" image. Now people don't shrug off his failures like they were inclined to do.
Macroeconomics as well. Things aren't going so great. Make your profits while you can. Also, why keep invested in Tesla when you could sell, take profit, and invest that in memory producers. It just makes more sense.