chef’s kiss levels of layered irony here.

A)The market distributing housing based on gambling instead of need is irrational

B) still believing TSLA will somehow redeem itself instead of continuing to slowly unravel like a cheap coat is irrational

C) preferring homelessness to losing investment positions already massively losing value is irrational, literally sunk cost fallacy, but HODL my dude 🦍💎👏🤑

D) if we ignore the insane predatory distribution of housing as a moral issue and accept this bizzaro world distribution system as it is, YOU’RE THE MARKET ASSHOLE. THE ONLY REASON TSLA EVER GOT SO HIGH WAS BECAUSE OF IRRATIONAL MANIACS LIKE YOU ENDLESSLY PROPAGANDIZING MUSK, SOY FACING WHILE LICKING HIS BOOTS AND CONVINCING YOUR FRIENDS AND FAMILY TO SO THE SAME. YOU’RE THE PROBLEM. THIS IS THE MARKET ACTUALLY CORRECTING FOR A GODDAMN CHANGE, AND YOUR RESPONSE IS TO DOUBLE DOWN? YOU’RE GOING TO DIE. YOU’RE GOING TO DIE BEFORE THE MARKET WILL EVER BE RATIONAL, BECAUSE MARKETS DON’T MAKE RATIONAL DECISIONS, AND YOU’RE A MORTAL LITTLE SPECK OF EMBODIED HUMAN CAPITAL AND WHEN THE MACHINE HAS NO USE FOR YOU IT WILL DISCARD YOU WITHOUT A SECOND THOUGHT. BLOOD FOR THE BLOOD GOD LINE MUST GO UP.

E) living in a Tesla is a terrible decision. You can buy a good minivan for less than $5000 Dollars and do a no build camper build in it for much better quality of life. Link for comrades who might genuinely need it–i know I might in the near future pain https://youtu.be/25VBk8AOqRQ?si=mfyXb8YfPP69ne6-

  • happybadger [he/him]@hexbear.netEnglish
    12·
    7 months ago

    If the market had stayed where it was in 2016~, yes. I think it’d get the GM-style bailout because it represents the country’s manufacturing capacity for EVs more than it does an individual company. However I think there are two big dynamics which will fuck that:

    1. Tesla was a company built in the 0% interest era. Its value is drastically overstated and divorced from what it actually produces in terms of scale or national importance. It’s irrationally tied to a personality cult and hype which that personality has poisoned. The price spikes when Elon lies about a feature he won’t deliver on and it falls when the freaks who love Tesla don’t have a utopian lie to jerk themselves off over. He built it as a luxury brand, but the cars are cheaply made and the social prestige of owning one is rapidly eroding.

    2. Tesla was an early entry into the EV market, but it is no longer the only American player. The recipients of those bailouts last time now have EV lines and much more established political influence. They’re mostly union factories with the UAW in the favour of the democrats. Even if the best case bailout scenario happened and Tesla was nationalised, the government would have a small production line directly competing with Ford and GM without any kind of unique advantage beyond branding.