No such thing as a death cross for a company that is now embedded at the highest level of the federal government. Don't get too excited, ass hat and the swasticars aren't going anywhere. If you havent dumped your Tesla yet, get fucked at this point.
There is only so much they can do to prop it up. If noone is buying them, and noone wants the stock, its going to go down short of the govt literally buying the stock and handing it over to musk.
That unfortunately would not surprise me. How sad.
Tesla could literally never sell another car again, and it wouldn't matter as long as people continue to buy the stock.
It's been wildly over priced for a very long time, so clearly the people who are keeping it afloat aren't interested in whether the company is actually profitable or not.
Cyber truck USPS fleet vehicles.
I could see this administration contracting for 100k cybertrucks for the USPS right before shutting down the USPS.
Plenty of Teslas were bought before most people had any idea that Elon was a fascist sociopathic asshole. Not everyone who bought one can afford to just dump a functioning vehicle with shitty resale value. Anyways, we don't really want to see every Tesla on the road retired at the same time, so somebody will be driving them.
Cybertrucks are a bit different in my estimation. Anyone who bought a Cybertruck should have known who they were buying it from. Those owners bought that car to signal something, and I think it's fair to let them know that the signal was received.
Good points, but for most Tesla models at least I would argue that the people that can afford those can afford a lower than desirable resale value in order to not feel shitty about their daily drive. From what I can tell, it doesn't really look like the used market for these has taken that hard of a hit either. Also, due the natural rapid depreciation of cars, it's not something that waiting for bad press to blow over and having a slight increase on the demand side would be worth waiting for either. Would be interested in an anecdote if someone has one, but I'm not convinced right now it would be all that hard or financially damaging to sell your Tesla. At the very least debadge that heap, when I see that I like to think the owner is trying at least.
the people that can afford those can afford a lower than desirable resale value
You sound unfamiliar with the average American consumer. Americans tend to buy the most car they think they can afford. They also might have been counting on the fact that electric vehicles cost more up front, but return that value and then some the longer you drive it.
it doesn't really look like the used market for these has taken that hard of a hit either.
If it does, I might go out and buy myself one. As I said before, we don't want these vehicles to be retired before their time.
At the very least debadge that heap, when I see that I like to think the owner is trying at least.
I would definitely suggest that people do this, but I wouldn't call it "the least", at least in regards to owning a Tesla. Removing the badge is probably the most effective thing they can do. That stuff gets noticed and has an impact. If they sell the car, it will just be bought by someone else and continue to be a billboard for Elon. I see a lot of Teslas in my area and have been looking for badge removals or "Elon bad" bumper stickers, and so far have just seen one without badges.
Americans tend to buy the most car they think they can afford.
Hell, Americans buy the most car they can finagle a loan for, independent of if they can or can't actually afford it.
It wouldn't be surprising to find that a good portion of Tesla buyers are stuck in the trap where they owe so much on it that there's no way they could afford the hit to replace it, because they can barely make their payments now.
I dumped mine, originally was estimated to be a $92 fee or something to walk away from the lease.
Just found out a couple of days ago they're charging me every fee under the sun. Now they want $4000. Have to put it on a credit card. It royally sucks, but I'm still glad I ditched it.
I have to be honest, as someone who is not fully immersed in the financial markets, the chart pattern reading kinda strikes me as astrology for guys in suits.
I feel this deep in my bones
astrology for guys in suits
Naw they already made that, it's called the "Myers-Briggs Type Indicator".
Different parts of astrology. The MBTI stuff replaces the horoscope/personality side of things, whereas chart reading replaces the future readings.
To a large extent it is, the major difference being that when people take actions based of these signs, it influences which way the chart goes next, unlike the planets, which do not care the slightest what people do based on their actions. Thus you can end up making a lot of money if your actions are 1) correctly anticipating subsequent actions by other people and 2) sufficiently in advance of other actions. Which makes inside trading and pump-and-dump schemes great ways to get filthy rich, if you find yourself in a position to be able to pull that off. Or if you are lucky. Or if you have made a name for yourself and everyone else just assume you know what you are doing and follows (Warren Buffet comes to mind).
Right but the planets being in particular locations in the sky doesn't really result in astrologists saying a particular thing is going to happen. They basically just make something up and then decide that's what the planet says. They could basically just ignore the positions of the planet and it wouldn't really make any difference.
Otherwise history would repeat every couple of decades.
That makes sense. Essentially, there are things that are influenced by perception and those that are immune to perception.
Yes, and by the sheer existence of the concept of a "death cross", and now that it has happened for the Tesla stock, people will act as if whatever a "death cross" predicts will come to pass. So even though there was some correlation before someone formulated it as a concept, now the response will be different because people will act on it. If enough people believes it, it will probably just accelerate the process as they will seek to sell off before the downturn, pushing the prices down. Which is the way the Tesla stock should go, so I am all for this cross of death.
Oh my God this is so f-ing true. It makes me think a lot of sociology classes I took in college where we'd talk about the artificiality of money how it's only meaningful because we have collectively decided it is. The folks who try to make it all scientific with lots of elaborate analytics and complex charts are basically just engaging a social math exercise.
Money is an emotional thing. Do I believe that this coin / bit of paper / number on a website is something that I can exchange for goods and services? If not enough people believe that, that currency will collapse.
Mind you, not using money is inefficient at scale. Sending the bag of potatoes that I've grown in my garden this month to my internet provider for continued shitposting privileges only goes so far.
100% totally is.
the dreaded “death cross,” a historical indicator of a likely downturn for the company
[...] occurs when a company’s 50-day moving average crosses and drops below the 200-day average.
Fuck Tesla and all that, but holy shit is that standard ever a depressing indicator of to just how reliant late stage capitalism is on endless growth that a tiny dip after half a year of stagnation is a reliable indicator of a company's imminent failure.
you can either have a system with loans and endless growth or a system where actual ownership is required and stagnation is allowed.
Yes. But didn't the entire stock market (SPY) do the same thing on the daily chart?
But if they specifically call out Tesla, they get more clickbait engagement, plus it now qualifies as a tech story! Double win!
They actually lampshade this further down the article, at the point where clickbaiting has fulfilled its goal.
It's almost nostalgic being mildly annoyed at some slightly sub-par journalistic ethics displayed by Gizmodo and company. Feels quaint and nostalgic now. I honestly didn't know Gizmodo was still running, if I'm perfectly honest. It's been quite the decade.
It's only been twelve weeks
It has been a lot longer since journalistic standards started their decline.
We can go lower!!!
Here’s how it looks all time
"...the dreaded “death cross,” a historical indicator of a likely downturn for the company.
"Business Insider called out the event, which has been hitting the stock indexes of some major players over the last couple of weeks as tariff trouble has hit just about everyone. Tesla is just the latest to see the symbol of bearishness, which occurs when a company’s 50-day moving average crosses and drops below the 200-day average.x
I checked and TSLA is still up from where it was 6 and 12 Months ago, how is it in a death cross?
Unfortunately the stock seems fine to my.
it's just a moving average cross. 50 day MA moves below 200 MA, that's it. Can be a bearish sign but I've seen it bounce in this moment a bunch of times.
But technical analsyis is just drawing imaginary lines on a chart, they know nothing about how stupid Trump and Musk are so it might very well be bearish. At least I hope so. I want to see him get margin called at 114$ or so they say.
Technical analysis is where gambler's fallacy meets self-fulfilling prophecy. Though other forces are also in play.
Yup. It's back to roughly October levels, like the rest of the S&P 500.
The S&P 500 and Nasdaq 100 both showed it as well on Monday, as the indexes continue to fluctuate in wild and somewhat unpredictable ways
Clickbait nonsense. The market as a whole is falling and these publications choose to instead write articles about each individual stock that generates headlines. TSLA stock is still up 7% for the month and a whopping 57% for the last year.
He doesn't care. He wants it to tank because then he can buy it out and go fully private again.
That's not how any of this works.
If the stock really tanks (I've heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
wouldn't surprise me if he gets bailed out with tax money
Except, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.
Death crosses are bullshit chartist woo.
Good. Fuck elon and his shitty toy cars.
This is a most excellent place for technology news and articles.
