Comment on Tesla profits nosedive as more job cuts announced

• billiam0202@lemmy.world ⁨5⁩ ⁨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 ⁨5⁩ ⁨months⁩ ago

    Stock splits “Holy shit guys, it’s cheap now, buy, buy, buy!”

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    • wewbull@feddit.uk ⁨5⁩ ⁨months⁩ ago

      Best example of how Monkey-brain driven the markets are.

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• dragontamer@lemmy.world ⁨5⁩ ⁨months⁩ ago

  Zoom out about a week.

  Image

  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 ⁨5⁩ ⁨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 ⁨5⁩ ⁨months⁩ ago

  Yep

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  • avidamoeba@lemmy.ca ⁨5⁩ ⁨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 ⁨5⁩ ⁨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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