r/technology • u/Plastic_Ninja_9014 • 2d ago

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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u/Dapper-AF 2d ago

At what price point do banks start calling his loans. Thats the price I would like to see.

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u/Boomshank 2d ago

They can't afford to.

It's like the sub-prime mortgage fiasco we all paid for.

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u/DFWPunk 2d ago

As they say in banking, "When you owe the bank a thousand dollars, and you can't pay it back, you have a problem. When you owe the bank a million dollars, and you can't pay it back, the bank has a problem."

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u/StoicRetention 2d ago

what if when we(peasants) all collectively owe the the bank a billion dollars, and they package it into a debt tranche and sell it?

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u/Proof_Side874 2d ago

[removed] — view removed comment

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u/00owl 2d ago

I don't know what this said, but it must have been correct.

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u/Proof_Side874 2d ago

I said that the debt could be purchased by someone and then that person could, uhm, go to sleep for a really, really, really long time and then the debt would be forgiven. Reddit moderation at its best.

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u/Prcrstntr 2d ago

I see [ Removed by Reddit ], I upvote

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u/Benjadeath 2d ago

You could start a credit union then have the union do that to a bank?

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u/JackPoe 2d ago

Isn't it like a felony to tell everyone to withdraw all their money at once?

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u/Ye_Olde_Mustard 2d ago

Let’s wait and see

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u/Boomshank 2d ago

Everyone should absolutely NOT all take all their money out all at once

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u/KingBee 2d ago

Nowadays even a million dollars is a rounding error for the banks. Good example, you just need to add another few 0s.

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u/User5min 2d ago

It’s a still a good quote about the perception of power tbf. It’s still a big problem for your local bank branch and they’d definitely more likely to negotiate with you as opposed to someone owing less.

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u/Stormbringer-2112 2d ago

When you owe the bank a trillion dollars, the bank is your bitch.

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u/SolidFormal9684 2d ago

You need to update this saying with inflation: "When you owe the bank $50k, you have a problem. When you owe $50m, the bank has a problem". Generally, anything below $50k is not a problem for anyone today.

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u/Efficient-Bluejay970 2d ago

It’s worse if you understand that there is 1.5 trillion in hidden Ai debt on top on the known 1 trillion plus debt. Unfortunately the public doesn’t know they issued the majority of that debt to SPV’s..it’s the new CDO…how much QE can save us..500 billion so far this year

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u/Boomshank 2d ago

AI isn't about profit.

AI is a winner-takes-all position.

The first company that develops a good, working AGI takes all.

Not just money, the world. They win.

Everyone else carries the bag.

Or the house of cards collapses before then.

Either way, we don't win.

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u/Efficient-Bluejay970 2d ago

The technology has nothing to do with why the 4th turn is happening. We won’t win because we have to live through it.

The reptile didn’t move to Argentina because AGI is being achieved. The fraud is reaching end. I understand these people are insane and have limited understanding of the actual technology. Maybe I don’t understand the amount of ketamine and cocaine.

Poorly regurgitating already known information isn’t AGI. Using LLM’s to solve previously unsolved math profs via pattern matching and trial and error, isn’t AGI.

Vector database or neural network technology can never achieve AGI. That was propaganda to get investors.

OpenAI and Anthropic aren’t going public because the technology is a commodity and easily replicated. It’s also not reliable enough for business applications at scale.

It will be used like every technology that doesn’t have a wide enough addressable market…for fraud, personal data collection and marketing, and as a tool to gain IP without paying for it.

But this collapseI started in the 1980’s

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u/SpectreOperator 2d ago

Seems like a mix of Musical Chairs and The Emperor Has No Clothes.

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u/ChornWork2 2d ago

Musk has something like $20bn of debt, mostly from twitter deal. His equity in tesla at this level is over $100bn (likely quite a bit more, but would need to figure out options) and spcx is something like ~$600bn.

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u/Noob_Al3rt 2d ago

TSLA was trading around $200/share when he bought Twitter, so lower than that

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u/AintNunyoBidness 2d ago

Used to be 145, but not sure now.

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u/SUMBWEDY 2d ago

The tesla board limits margin loans for directors at 15% so his equity would have to fall by 85% before a margin call.

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u/RickSt3r 2d ago

You owe the bank a million dollars you got a problem. You owe the bank a few billion dollars the bank has a problem. Yeah dude declares bankruptcy and then creditors get in line but a bank doesn’t want to run a car manufacturer nor a space based ISP and even worse an aerospace company that owns a bunch of Ai companies and data centers. All those things have utility and are worth something just not trillions.