Welcome to Wall Street where the numbers are made up and the lines don’t matter
What is happening with Tesla (TSLA) stock currently? 📈
Submitted 1 week ago by lnxtx@feddit.nl to nostupidquestions@lemmy.world
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Comments
Agent641@lemmy.world 1 week ago
VitoRobles@lemmy.today 1 week ago
Get 10 friends.
Run into a McDonald’s and shout “Everyone get the MC Turd smoothie!”
Idiot buys it.
Do that a bunch of times over and over, with more idiots buying it.
At some point, someone realizes the MC Turd Smoothie tastes like poop. But it’s too late. You have too many idiots holding it so now they’re the 10 friends.
That’s the stock market.
credo@lemmy.world 1 week ago
Hmm. The lines are why it doesn’t matter.
DrBob@lemmy.ca 1 week ago
1.4 billion missing from balance sheet. Stock goes up.
Every cyber truck in North America recalled. Stock goes up.
Tesla banned from Canadian EV rebate program due to evidence of institutionalized fraud. Stock goes up.
No idea what’s going on.
VitoRobles@lemmy.today 1 week ago
It’s called market manipulation!
They did it with crypto. They did it with NFTs. They did it with stocks. They’re doing it again with stocks.
Takumidesh@lemmy.world 1 week ago
The stock went down already when all the insiders learned about these risks and scenarios months ago.
Now it’s bouncing around because the derivatives market capitalizes on volatility.
XeroxCool@lemmy.world 1 week ago
Tesla has airways had volitility. It goes up when musk overhype it, it goes down when tesla underdelivers. I had some stock and got off that roller coaster when the truck was unveiled. I stopped believing it was above board at all.
Sick nazi reference in the numbers though.
spankmonkey@lemmy.world 1 week ago
Sick nazi reference in the numbers though.
Thank you for brightening my morning, I missed it at a glance.
XeroxCool@lemmy.world 1 week ago
$14.88 is an obnoxiously common price for temporary box display items at home depot. Gloves, kneeling pads, drill bit kits. Always gets an eyebrow from me
vxx@lemmy.world 1 week ago
It fell from 450 to 200 in less than three months. It’s completely normal that it bounces off some target prices.
Also, I don’t See what you see
It’s also a very heavily manipulated stock and some GOP begged on FOX news to buy tesla. They will get shaken off pretty soon and could cause the price to tumble way stronger.
kameecoding@lemmy.world 1 week ago
It’s price even after dropping 250 is completely stupid
vxx@lemmy.world 1 week ago
Indeed.
9 months ago it dropped down to $100 before the trump rally, which is still massively overvalued.
I was convinced it would never make it above 300 again once it was under, but then came the trump rally.
Red_October@lemmy.world 1 week ago
Don’t assume anything that happens with Tesla stock actually has anything to do with the value of the company. It was WILDLY overvalued for a long time and now it’s going to be complete chaos for a lot of obvious reasons. One day it may bounce up considerably only to crash hard the day after.
Buelldozer@lemmy.today 1 week ago
I believe it’s a pump-n-dump ahead of the earnings call on April 23rd. Those results are not going to be good and I expect that that the big investors who are driving this will start selling off next week to cash in.
Wilco@lemm.ee 1 week ago
I suspect a pump and dump as well. Trump did a Tesla commercial to dupe the MAGAts into buying, now they will dump their stock and let it burn.
squirrel@lemmy.blahaj.zone 1 week ago
The stock went down when Tesla’s sales numbers for the first quarter of 2025 got out and showed a decrease of sold vehicles, on top of Musk’s shenanigans and the protests at Tesla showrooms. Now these events have been “priced in” and the stock operates on vague estimates and wishful thinking again until the next slew of substantial bad news hits, at the latest when the next quarterly numbers are due.
Lasherz12@lemmy.world 1 week ago
Presumably the president saying that it’s going to use the entire federal executive to boost a single failing company’s shortcomings is good for buyer confidence. At this point it should be nationalized for as much money has been handed to that company from our pockets.
khepri@lemmy.world 1 week ago
Its a stock that’s heavily played by traders, it moves just as much if not more based on the technicals than the fundamentals. Also, look up the wonderful financial term “dead dog bounce”.
Obi@sopuli.xyz 1 week ago
You mean dead cat bounce I think?
khepri@lemmy.world 1 week ago
Oh yeah, lol, thanks!
thermal_shock@lemmy.world 6 days ago
Surprised this wasn’t dead human bounce (or something better sounding related to humans) the way traders jumped during first major stock crash before great depression.
slazer2au@lemmy.world 1 week ago
Nothing special, just bouncing around as all shares in the index does.
cdf12345@lemm.ee 1 week ago
Options expire Friday.
WhatSay@slrpnk.net 6 days ago
From what I’ve heard, the tariffs affecting cars/autos will impact other manufacturers. There are always day traders looking to make a few bucks from a bounce.
Personally, I expect Tesla to crash after the next quarterly report (probably in late April). I’m curious to see how Rivian stock goes, it might stabilize from so many looking for an EV alternative.
Initiateofthevoid@lemmy.dbzer0.com 1 week ago
Q1 2025 is almost over and there has been no realistic counterbalance against the crimes and coups. Investors are growing comfortable with the new world order. Like many Americans, the wealthy believe that if the riots haven’t started yet, they never will.
Like many Americans, the wealthy have forgotten how bad the 1930s were. Many think they will “cash in” on a downturn but the truth is the wealthy are just short-sighted idiots. The only difference this time is public access to information and communication. I’m not a time traveller believing that the internet will bring us together, but I do think it was a lot harder to plan a fun outing with your friends before wireless telecommunications.
Corporate profits dropped from $10 billion in 1929 to $1 billion in 1932. You might think “oh they still made profit” but a 90% decrease is devastating to a group like that. And they still had to live in a world where society had broken down and dust storms hit the United States capital building.
It took decades for them to rebuild their monopolies, bring down the tax rates, and tear up the market regulations again. Without WW2 and reagonomics the wealthy may never have recovered their power over the world economy. I guess what I’m saying is buckle up for the 30s and 40s everybody. If you happen to get a choice between dishonor and war again, choose the fucking war.
Thorry84@feddit.nl 1 week ago
I think the March 24 jump was directly caused by stuff Trump said about Tesla and the protesters being terrorists.
spankmonkey@lemmy.world 1 week ago
The stock market casino, where the value of a company is based on someone making a comment about things unrelated to how the company operates.
Sc00ter@lemm.ee 1 week ago
But the comments do matter?
The stock market traded on speculation of future value, not current value. If tesla increases profit by $1M , their market cap doesnt increase by $1M. It increases or decreases by the speculative future value.
If protestors are going to be prosecuted, the perceived value of the company increases because theyre will be less negative press.
It also leads to, "what else is the president going to do to help musk’s company? " and that list is endless, and speculation runs wild.
scarabic@lemmy.world 1 week ago
Elon held an all hands at the company to announce “I’m back in charge” and the financial press are reporting that “the markets rewarded it.” Meaning the stock went up. Which makes me want to puke.
KeenFlame@feddit.nu 1 week ago
I don’t think it seems like anyone here coming with credible reasons, yet want to provide answers? For what reason do you answer when you clearly are making up / wishing things?
Anyway, the price is controlled by huge hedge funds and the publics want of a stock or despise of a stock makes no difference in any way, because even if they buy shares on their little apps, they will never own shares. Nobody seems to understand the vast differences between normal people and the playmakers? If everybody, exactly every normal person sold or bought at once, nothing would happen. Zero change because they don’t own any shares. They have a little contract with their broker apps that they might pay the difference. They have no obligations and act more like a betting agency, and sell the data to hedgefunds. The only thing that actually trades are robots and they are placed in the exchanges locally to have zero latency and then the algorithms find good spots to put bundles of orders to trick other algorithms. The most shares are sold and bought off market to not impact this insane irrational game that seems always seconds from breaking down
homesweethomeMrL@lemmy.world 1 week ago
Why is a comically overvalued stock rising again?
Indeed.
nutsack@lemmy.dbzer0.com 1 week ago
The stock prices are our rubber band they need to go up some when they fall down so quickly
Iampossiblyatwork@lemmy.world 1 week ago
Down 6% today as of now. Up 16% week Down 11% month Down 41% 3 month Up 3% 6 month Up 50% year
Any loans Elon has taken in the last 3 months against his stock are going to be in really rough shape. Overall though investors gaining 50% in a year is absolutely remarkable even if they’re down from ATH. Unless youve been holding from '22 you’re probably pretty happy with stock performance.
HubertManne@piefed.social 1 week ago
Since the end of febuary the whole market dropped such that it lost about six months of value and then stablelized and is going up keeping about the 6 month loss. This is why articles about modern dips crack me up as they are nothing compared to real one. The market is completely unhooked to any actual value. The crash in 2000 lost about 5 years of value and the 2008 one lost about 7 years. 2000 took two years to fall while 2008 took one. The great depression lost 19 years of profit and took about 3 years. If what we have not is like then we will know by end of year as it takes a series of drops while folks with the money to do so buy the fake bottom.
cabron_offsets@lemmy.world 1 week ago
TSLA is the original meme stock.
lnxtx@feddit.nl 1 week ago
I like the stock.
How’s the GameStop doing?
AlDente@sh.itjust.works 1 week ago
Up about 16% today. During yesterday’s earnings report, the board announced that they approved the buying and selling of cryptocurrencies with their $4.7-billion of cash on hand.
cabron_offsets@lemmy.world 1 week ago
Fuck if I know. I did make a few hundred off of that stupidity, tho. A few years ago now.
Pistcow@lemm.ee 1 week ago
Someone needs to be the bag holder. It will tank when the earnings call comes in April unless Trump decides to replace Abrams with the model 3.
pappabosley@lemm.ee 1 week ago
Allegedly it’s elons brother kimble doing market manipulation
itsonlygeorge@reddthat.com 1 week ago
Fraud and a sprinkling of crime.
DozensOfDonner@mander.xyz 1 week ago
Investors buying cheaper and not caring about all the bad shit around it because they just think about money?
ABetterTomorrow@lemm.ee 1 week ago
PUTs on this bitch!
givesomefucks@lemmy.world 1 week ago
The same thing it always does…
Bounces around wildly because it’s based on hype not actual value of the company
brucethemoose@lemmy.world 1 week ago
This ^
It seems like a dismissive statement, but Tesla is the embodiment of this era’s “hype” investing. So many players have it leveraged like a big casino game, and the end result is (mostly) that small time or “slow” investors (like your retirement fund) get screwed over.
fmstrat@lemmy.nowsci.com 1 week ago
It’s because Mark Robert said he was still buying a new one after driving his through a wall.