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 1 month ago
Its profits are plunging, as is its share price.
Looks at share price: Up 10% in the last month…
JohnEdwa@sopuli.xyz 1 month ago
sfled@lemm.ee 1 month ago
Wait, you mean The Commercial on the White House lawn back in March didn’t move more units?! surprisedpikachuface.jpg
OccamsRazer@lemmy.world 1 month 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 1 month ago
How is it possible that tesla is losing sales in markets where EVs are growing? Not a good sign
Korhaka@sopuli.xyz 1 month ago
Normal people don’t want a sports car
Ulrich@feddit.org 1 month 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 1 month 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 1 month ago
Point is, it only looks bad if you look at a very specific period of time.
ripcord@lemmy.world 1 month ago
ok but your comment isn’t related to this particular case
futatorius@lemm.ee 1 month ago
Dead-cat bounce.
potatopotato@sh.itjust.works 1 month 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 1 month 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 1 month ago
Is there enough time‽
mjhelto@lemm.ee 1 month ago
Doubt Tesla will fail in the next two minutes, so sure.
Geobloke@lemm.ee 1 month 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