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Comment on Tesla profits nosedive as more job cuts announced

It’s sad to say, but I’m glad we’re at a point where shareholders now look at job cuts as a negative, and layoffs don’t result in an increase in share price.

Amazon have been cutting jobs for their third year running now, on top of URA, and the only thing keeping our CEO in a job right now is happy shareholders.

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avidamoeba@lemmy.ca ⁨6⁩ ⁨months⁩ ago
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You must be looking at a different chart.

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- billiam0202@lemmy.world ⁨6⁩ ⁨months⁩ ago
  God fucking damnit, I hate Wall Street.
  
  We sold fewer cars than expected, lost money, revealed that even though we’re making 1000 Cybertrucks a week we’ve only sold 4000 of them and had to recall every single one because we fucking glued the foot pad onto the accelerator pedal, and had our lying sack of shit’s CEO’s compensation nerfed by a judge so in response we’re gonna fire 6000 people.
  
  Line go up.
  
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  - GreatAlbatross@feddit.uk ⁨6⁩ ⁨months⁩ ago
    
    Stock splits “Holy shit guys, it’s cheap now, buy, buy, buy!”
    
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    wewbull@feddit.uk ⁨6⁩ ⁨months⁩ ago
    Best example of how Monkey-brain driven the markets are.
    
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- dragontamer@lemmy.world ⁨6⁩ ⁨months⁩ ago
  Zoom out about a week.
  
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  Its fair to say that last week, TSLA was oversold and is now bouncing back from that. But the -55% profits and -$2.3ish Billion FCF are bad numbers.
  
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- Milk_Sheikh@lemm.ee ⁨6⁩ ⁨months⁩ ago
  HFT algorithmic robo-traders still gonna scalp daily delta, often in an incestuous and self-reinforcing cycle based on financial headlines
  
  I’ve been bearish on Tesla for years, but it’s getting increasingly obvious with growing EV competition that their market cap is/was absurd hype that defies fundamentals or even possible value if Tesla was a monopoly
  
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- just_change_it@lemmy.world ⁨6⁩ ⁨months⁩ ago
  Yep
  
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  - avidamoeba@lemmy.ca ⁨6⁩ ⁨months⁩ ago
    A 6 month chart is supposed to correlate with the effect of today’s layoffs announcement?
    
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    dragontamer@lemmy.world ⁨6⁩ ⁨months⁩ ago
    The layoffs were last week though.
    
    Sure, the news is finally talking about the layoffs, but people were locked out of their badges and complaining last week about this. So now its official today, but it was public knowledge last week when that price declined dramatically.
    
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Guest_User@lemmy.world ⁨6⁩ ⁨months⁩ ago
I don’t think they do view it as negative, their stock is climbing aggressively on this news.

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- ripcord@lemmy.world ⁨6⁩ ⁨months⁩ ago
  Well. It’s climbing based on today’s news.
  
  The layoffs have been known for a while so it seems more likely that it’s climbing based on other factors, like the hokum about still focusing on a low-prices car.
  
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