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.
Comment on Things at Tesla are worse than they appear
Thorry84@feddit.nl 3 weeks ago
Its profits are plunging, as is its share price.
Looks at share price: Up 10% in the last month…
JohnEdwa@sopuli.xyz 3 weeks ago
sfled@lemm.ee 3 weeks ago
Wait, you mean The Commercial on the White House lawn back in March didn’t move more units?! surprisedpikachuface.jpg
OccamsRazer@lemmy.world 3 weeks ago
It’s still way up from a year ago. The insane climb after the election was unsupported hype, which has been corrected. Say what you want about tesla, but the stock price looks pretty healthy.
TheFonz@lemmy.world 3 weeks ago
How is it possible that tesla is losing sales in markets where EVs are growing? Not a good sign
Korhaka@sopuli.xyz 3 weeks ago
Normal people don’t want a sports car
Ulrich@feddit.org 3 weeks 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.
ripcord@lemmy.world 3 weeks 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
Ulrich@feddit.org 3 weeks ago
Point is, it only looks bad if you look at a very specific period of time.
ripcord@lemmy.world 3 weeks ago
ok but your comment isn’t related to this particular case
futatorius@lemm.ee 3 weeks ago
Dead-cat bounce.
potatopotato@sh.itjust.works 3 weeks 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.
shalafi@lemmy.world 3 weeks 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.
AtariDump@lemmy.world 3 weeks ago
Is there enough time‽
mjhelto@lemm.ee 3 weeks ago
Doubt Tesla will fail in the next two minutes, so sure.
Geobloke@lemm.ee 3 weeks 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