Comment on Things at Tesla are worse than they appear

Thorry84@feddit.nl ⁨1⁩ ⁨day⁩ ago

• potatopotato@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

  The market can remain irrational longer that you can remain solvent.

  The problem isn’t that you can’t predict when a stock is mispriced, that’s sometimes very easy, it’s predicting when all the other dipshits will come to the same conclusion because ultimately that’s all that matters.

  Right now musk still has a personality cult and there are a lot of morons buying the stock like their worldview depends on it. They don’t read the earnings reports, they don’t read unbiased news, they mostly don’t even own the cars, they just think it’s going to the moon because…for lack of a better word, propaganda.

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  • Geobloke@lemm.ee ⁨4⁩ ⁨hours⁩ ago

    People interested in cars have been scratching our heads with Tesla for years. Like at one point it was worth more than every other car market combined and its value kept going up. I mean there seems like years of irrational prices to the point it would be silly to bet against it

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  • shalafi@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Nailed it. I’d add that investors are treating it as a meme stock, and as you said, it’s unrealistic. Fuck me, talk about a house of cards.

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• JohnEdwa@sopuli.xyz ⁨1⁩ ⁨day⁩ ago

  But still down 20% from the start of the year.
  It’s not going to survive this high for long with the abysmal sales figures coming from the rest of the world, even if the Musk cult currently still keeps pretending everything is going great.

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  • sfled@lemm.ee ⁨1⁩ ⁨day⁩ ago

    Wait, you mean The Commercial on the White House lawn back in March didn’t move more units?! surprisedpikachuface.jpg

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• Ulrich@feddit.org ⁨1⁩ ⁨day⁩ ago

  Publications LOOOOVE to write these articles and then sit on them until the stock gets like a 1-day 5% drop so they can misrepresent the situation. Take a look back 6 months or 12 mos. and it’s even greater.

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  • ripcord@lemmy.world ⁨1⁩ ⁨day⁩ ago

    sit on them until the stock gets like a 1-day 5% drop so they can misrepresent the situation

    ok, but that didn’t happen here

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    • Ulrich@feddit.org ⁨6⁩ ⁨hours⁩ ago

      Point is, it only looks bad if you look at a very specific period of time.

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      • ripcord@lemmy.world ⁨2⁩ ⁨hours⁩ ago

        ok but your comment isn’t related to this particular case

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• TheFonz@lemmy.world ⁨1⁩ ⁨day⁩ ago

  How is it possible that tesla is losing sales in markets where EVs are growing? Not a good sign

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  • Korhaka@sopuli.xyz ⁨1⁩ ⁨hour⁩ ago

    Normal people don’t want a sports car

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