There's an earnings report due in April and that's when the rubber will hit the road, so to speak. Stock prices are all just pretend. I wishcast to hear they sold 5 cars last quarter.
Forget about Russia or Saudi Arabia, he basically has the backing of the US government. The government won't allow any of his businesses to fail and his business interests will only be helped by his doggy department.
Stocks never just plunge straight to zero. Stocks in decline can have many bounces on the way down.
There's always that comeback from the group of investors who think "NOW it has reached the lowest point, buy buy buy!"
The stock market is generally horrible, it is largely dictated purely by investors and the stocks themselves have no relation to value lest you specifically go looking for stocks that return dividends or provide voting share. If you invest looking at how a company is going to perform, you are going to lose, you need to look at how investors are going to invest. Investing has always largely been about "meme stocks", it's just that the name stuck when astroturfing stock investment hit social networks en masse.
There’s also short sellers who eventually have to buy the stock to fulfill their obligation. A stock in terminal decline can go through many rounds of short selling which creates these bounces.
Crypto has shown us that valuation isnt connected in any way to reality, all you need is good vibes and belief. There are enough musk fanboys and musk has enough access to capital that if he wants, he can pump the stock to the moon.
We are at end game capitalism, capital is consolidated to such a degree that the market is no longer a market, it is a casino. And the people with the capital are no longer participants in the market, THEY ARE THE MARKET. And the house never loses.
Our only hope is them turning on each other but ultimately the endgame of capitalism is consolidation, not competition. Maybe if trump dies or becomes immensely unpopular, things will get interesting.
There are other hopes that revolve around mass violence.
Well now hold on there is no need for violence. We can discuss this with the billionaires over a nice dinner
I mean Elon still cried over all the Tesla hate so I will accept that as a win
The same thing happens with any stock which people don't like. Same thing happened with the Anheuser-Busch stocks during the whining about corporate pandering.
From April to October 2023 when the "boycott" started, their shares fell ~15%. By December, they were back to where they started.
Most news is not news, just emotional clickbait. I find Reuters and AP News take a fair bit (but not all) of the emotion out and make for a less triggering read.
The difference here is that half of Tesla's inflated value is based on musk's personal brand. If he left the company when it was at 400, it would've dropped then too. All we have seen so far is musk's personal brand drop.
I mean to be fair, having the CEO of a company who can significantly influence national policy is worth a hell of a lot of value!
Lol, indeed. If only Tesla manufactured oversized pickups with truck nuts.
But sadly, his products target a demographic that isn't thrilled with his doge work.
I think there's a real plot to lower these stock prices so that these Rich assholes can do more stock buybacks and consolidate control.
I don't think these people are thinking in market terms anymore. Just pure power as they head towards techno feudalism.
All I'm hearing is that the Tesla vandals need to step up their game.
Somehow I feel that may be the saving mechanism for them right now.
Overextended inventory - turned into straight cash via insurance claims.
I am glad you have noticed this. I thought I was in some alternate reality.
To this day homies don't understand the simple rule that controversy sells. It powers the brand. It keeps it in the news every day. Manage a steady drip of "bad but not soooo bad" controversy and you win. Case in point: Trump
If you want something to end, get people to stop thinking about it. I suspect people just like having something to be mad about and "belong" to an ingroup of other people mad at it too
Inb4 people are mad at me for "supporting Elon" by saying the above, right? Because obviously what he's doing is so bad and evil that "how dare I" not stand up against it? Well, I hope you enjoy the ride
Even beyond all the wishful thinking, Tesla could literally evaporate and it would not meaningfully impact musk in his current position. SpaceX can be arbitrarily juiced by the govt via contracts and since it's not publicly traded we don't even really get insight into it's real value.
Tesla is long overdue to return to earth given it's financials compared to other auto manufacturers. It also is not used as collateral for the twitter buy, despite what is regularly parroted.
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