Basically you don’t understand. Investors sell when they think the companies will fuck shit up. That could be because they think the product is obsolete, or it could be that they think manglement is going to do dumb shit. Take your pick. Remember, it’s gambling about the future, not about what’s right or reasonable.
sp3ctr4l@lemmy.dbzer0.com 4 days ago
Try to apply that logic to any of Elon’s stocks.
Like, I generally agree with you, but… no one can possibly do any kind of analysis on TSLA, and Elon, and conclude anything other than:
Everything about this is completely insane and makes no sense.
Oh hi I’m Elon Musk, my car company only exists because of tax credits for EVs, and I just spent a squagillion dollars to elect a guy who will cancel those.
Oh, also, we build C3POs now, not cars.
Even though they’re decades behind already existing humanoid robots.
Also, please given Elon a squagillion dollars, to incentivize him to keep performing his super duper CEO magic.
… fucking what? He’s an actual madman, not a suave and calculating Bond villain, he’s a fucking lunatic!
… Does any of this not qualify as ‘management is going to do dumb shit?’
(also i am not sure if ‘manglement’ was an intentional joke or unintentional misspelling, but that will now be the word I am using in place of ‘mismanagement’, hahah!)