Tesla dealerships are getting protested and, in some cases, vandalized. Sales are down on 9 of the top 10 countries Tesla sells in. Yet Tesla stock is up. Twitter is a cesspool of nazi-themed bots, and somehow just pulled in $1bn and raised its valuation back up to $44bn.
How is any of this possible? It seems really artificial to me, but I don’t really understand business.
I don’t understand how Musk does it either. It does feel artificial, robotic even. Somehow, he pulls it off. He must have help. Like, long-term help. Like back when he created pay-pal. I guess the market looks at musks track record and sees his successes.
He gave his stock on those companies as collateral for bank loans and he needs those stocks to hold value otherwise the banks will call the loans and will reduce Musk’s ownership of his companies
That could just as well be the reasons those banks want those companies to have an inflated value.
If those companies lose much value there will be a lot of mess and no one involved is going to get richer of it.
These days a CEO is pretty much someone that markets a company towards the shareholders. Elon is a pretty good marketeer.
A good marketeer? Are you fecking serious?
Musk is a threat to the integrity of the USA and is a dumpster of a human being but he knows how to navigate the circles of government, politics, and investors and gets those people to believe in him and let him do whatever he’s been doing
It’s the largest pump and dump scheme in history and it’s being done in the open.
Yeah, they are literally begging maga idiots to buy TSLA to keep the price up while executives are unloading shares. International sales completely gone. Domestic sales declining. Cybertruck flopped. Tariffs are going to cripple their production. Competing EV are making TSLA look like amateurs. Like, what’s the upside?
After convincing them that EVs were trash no less.
Yet Tesla stock is up.
Well, over what period of time are you talking about?
https://finance.yahoo.com/quote/TSLA/
For the day, TSLA is up 5.27%.
For five days, down 0.51%.
For one month, down 26.37%.
Year-to-date, down 38.41%.
For six months, up 4.39%.
Like, depends on the start and end time that you’re looking at.
People have the memory of a goldfish nowadays.
I was alive during the 2000 and 2008 market crashes, but also the 2020 non-crash.
It could be that Tesla really has cracked autonomous driving by summer, as Elon claims, and then they will recover a lot of market value.
But more realistically, as the saying goes, even a dead cat bounces.
Markets never go down in perfect lines. There are dead cat bounces along the way.
Tesla really has cracked autonomous driving by summer, as Elon claims
He really says that??
He must be sooo desperate LMAO
He’s been saying “fully autonomous” by next year for literally like 10 years, lol. Short memories indeed.
I believed in him since like 2001. I stopped believing in him by 2015.
He’s been saying “fully autonomous” by next year for literally like 10 years, lol. Short memories indeed.
I just never heard that he announced it like 3 months from now! 🤣
Isn’t it the same with the Jehovah’s witnesses announcing the end of the world in 3 years, then in 2, then in 1, and then… silence?
But of course he will never be able to do that:
Silence.
