- cross-posted to:
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- cross-posted to:
- [email protected]
Yesterday evening, Tesla reported first-quarter earnings for 2025, and they were abysmal: Profits dropped 71% from the same time last year.
Musk sounded bitter on the call with investors that followed, blaming the company’s misfortune on protesters who have raged at Tesla dealerships around the world over his role running DOGE and his ardent support of far-right politicians.
“The protests that you’ll see out there, they’re very organized. They’re paid for,” he said, without evidence.
You can bullshit the American people that they are paid protestors, but if any of his investors buy that line of bullshit, they deserve to lose all their money.
TSLA is around 1.5% of broad market index funds, like S&P 500, so if you’ve taken the general advice to put your 401k or other savings into index funds, you own TSLA.
People with $3500 of TSLA aren’t really who I’m talking about here. You have a technical point, but it’s not really what I was getting at.
I haven’t checked yet but I spent my evening last night completely rebalancing my 401k and IRA to international stocks and municipal bonds.
If all goes well, my 401k should be executed by now. My IRA I have to do myself but that should be done tomorrow.
Not if you moved to foreign indexes.