I bought some at around 41 and dumped it at 46.5 this morning after how shitty the numbers were because I knew it was gonna fly. That’s what pros like me do.
What pros like me also do is fuck up the wash sale rule so my shit is all fucked up. 30 fucking days…
The market as a whole could be debated that is a bit too optimistic, assuming that Nvidia will be able to stay the #1 with everyone spending like crazy to but the chips is unreasonable.
That said, tesla is not a case like this. It is valued with the assumption that it will somehow invented something that isn't even close for them to get there and will revolutionize the world.
There is a big difference between "assume #1 company will continue to dominate" and "failing company will come up with a few inventions that will change the world with zero evidence"
They don’t even need to do that. Just read Reddit. People believe he cut 1T in taxes. He can just tell them he built an AI jerk off machine and they’ll pay for shares at 500 p/e.
Okay this gives me serious supervillain vibes. Have y'all seen Cybermen from Doctor Who? They were created by a rich tech guy trying to evolve humanity.
The only need I see for a super-intelligence (SI) is to offload all the thinking to it. With the SI moving humanoid and non-humanoid robots around and humans living in a post-scarcity world.
The problem with it is that SI will probably lead to a few people with all the resources and the rest of us starving in caves.
Personally I find it even more damning that so many people agree we have a system where "bs articles" run the market, and not actual metrics and analysis.
*It’s now April 2, so for extra clarity (in case it wasn’t clear enough), note that the beautiful carriage turned back into a pumpkin at midnight. Though, somehow (which has never been clear to me), a glass slipper remains — so maybe the headline will be usable in the future after all. But not today.
He killed the brand for a good percentage of people. If you look at the other EVs coming out, and the other self driving technology, what does Tesla actually offer that competitors do not?
10000 iq play to get cuckservatives to abandon gas guzzlers and save humanity from climate change while ceding the future to rival automakers, ty based elon for your sacrifice 😩😩😩
Tesla trading at car company P/E is like an 80 dollar stock.
A trillion of its valuation is paying upfront for "world changing technological advancement on the scale of the industrial revolution" so investors are just kinda waiting for whatever that means to happen.
They can’t. It would be idiotic to oust him. The stock is propped up by him. It will crater without him.
They are in a situation where the stock will slowly decay/return to proportion, or oust him and crater it immediately. They would definitely pick a slow decline than a sudden one.
Unironically yes, they might as well stop calling it Tesla stock and start calling it "how much faith I have in Elon Musk's future endeavors" stock. Any investor who respects fundamentals jumped ship a while ago. If you're still in its because you believe in Musk or it's a part of your pension/401k.
If only it was that easy. If Elon Musk keeps up with his bullshit at DOGE, share prices keep going down. If Musk is removed from Tesla, share prices will also go down.
Exactly. Like people are going to suddenly start buying Teslas again. Even if he leaves the company he still owns the stock. People aren’t going to buy a car that makes salute boy a profit.
So I looked it up and basically he invested in amex when wall street had fucked then down for 8 months because AMEX's main profitable partner was discovered to be a fraudulent vegetable oil company. But the use of amex on main street didn't change, so he put 17 millions in it, by the late 60s their stock has doubled while the Dow fell by 6 point.
It's fucking insanity, compare Tesla to Ford, very identical revenue, except Tesla is continuing dropping in sales, their growth is negative, yet they're trading 20-30x Ford. WHY. This company based off its financials should be trading at 20$ MAX per share. This isn't even me being a Tesla hater, that's just what the numbers say. I don't get it.
Nothing goes up or down in a straight line. Stocks don’t go down just because ppl short it. They go down from ppl capitulating. And capitulation takes time to happen.
You need a period of distribution from big holders and a lack of buyers to step up to cause a downturn. Smart money is definitely exiting slowly.
Tesla is probably cooked but it will take sometime for things to show up.
Because he'd "focus" more on TSLA - granted he literally has 3-4 other ventures, so how much more focused can he really be now that he won't be at the imaginary dept of retardation? That is, also, if he's ACTUALLY stepping down, or if he's still going to be the shadow puppeteer
That only works if he can turn it around next quarter, which he won’t. Eventually the drop in sales will impact operations enough that they will start producing less and that will be the death blow.
Because Elon stans think he is good for the company. The fact is Elon doesn't car about cars anymore. He has moved on to other grifts and destroyed the brand.
I think this story is just the excuse to justify the stock move after the fact. The rumors about Musk leaving DOGE have been floating around for a few weeks now, and have been used to justify TSLA going back up a couple of times now. Something else is going on that is a lot fishier and probably a lot more illegal.
Could it be that Señor Musk is realizing that his team wealth, the shit he actually cares about, is being put in jeopardy due to his foray into politics and now he's trying to protect that? Is it possible that he misunderstood how popular he was or why anyone liked him to begin with? It should be obvious to anyone that this DOGE fuckery was a bad move and that he didn't have the mandate he thought he did, a common problem with egotists. And maybe now it's obvious to him.
Or maybe this is all just rumor and not real at all.
Oh yea they will do anything that does not need senate confirmation. My point is just that all the idiots spamming “ELON STEPPING DOWN” are shocked by news that everyone else saw coming on Inauguration Day.
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
Never forget that pussy Elon Musk challenged Mark Zuckerberg to a physical fight, and then when it looked like Zuck wouldn’t back down Musk got his mommy to step in and squash the fight.
Elon thinking he could 1v1 Stewart in a live debate is absolutely delusional. Politics aside, almost anyone would get smoked by a motivated Jon Stewart.
My god this is what the Tesla bulls are actually telling themselves. Never mind that the company's reputation is in tatters and if Musk is actually on the outs with Trump, it destroys the "Trump will save Tesla no matter what" argument.
When your $1 trillion growth stock EV company is growing by negative double digits, permanently alienated its core consumer base, and is only liked now by dipshits who drive gas guzling SUVs and trucks… “time to buy!” 🤡
Who cares about his reputation at this point. BYD makes better cars for cheaper and they’re dominating the EV market everywhere except the US (only because they aren’t allowed to be sold here lol). Tesla is doomed regardless of who the CEO is.
The company's reputation—not Musk's reputation, but the company's reputation—is all Tesla has ever had. Agree that with or without him the company is screwed.
That is the only thing that will boost this stock. I shorted for a few days and got out. TSLA is way too unpredictable right now since it is driven by hype and retail. So now it is time to buy calls? Then short once we know the extent of the global demand damage?
The damage is already done. Most people against TSLA don't care what he does now. People aren't gonna be flocking to dealerships to buy because he resigned.
Dude you can see him selling you out in fucking technicolor but they use dumb motherfuckers think he gives a fuck about them It's great our country is going to shit and I got to sit here and watch it go to shit around me.
Adorable. As if the civil disobedience and protests are going to stop due to a fake, or real stepping down. This is permanent until Tesla is out of business. Companies run other companies out of business daily and it's called capitalism. No reason consumers can't put a company out of business too.
The Tesla brand is now permanently associated with Trumpian oligarchy and that genie cannot be put back into the bottle.
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u/VisualMod GPT-REEEE 3d ago
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