FuckMusk

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This is a community designed to enjoy the extended downfall of Elon Musk.

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KingPorkChop

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‘I don’t care, I want out’: Tesla fans dumping stock in 'irreparably damaged' company (www.rawstory.com)

submitted 2 days ago by KingPorkChop to c/FuckMusk

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[–] [email protected] 42 points 2 days ago (2 children)

Any downturn is likely to have single day gains. Best to look at the big picture rather than cherry pick a single positive day:

[–] [email protected] 4 points 1 day ago (2 children)

Thanks for the perspective! Can you add a graph for 1-year and 5-years? That would fill out the picture.

[–] [email protected] 5 points 1 day ago

The one and five years were mostly just a slow build up to the peak in the six month graph. Nothing much of interest unless you have knowledge of past events.

[–] [email protected] 2 points 1 day ago

Just search the web for TSLA. The downturn corresponds pretty much with news about Musk in the DOGE.

[–] [email protected] 21 points 2 days ago (1 children)

Logically I know you’re right but emotionally, I fucking hate seeing any sort of positive gain for that dipshit

[–] [email protected] 19 points 2 days ago (1 children)

I completely agree. The stock market is a strange thing and nobody knows what will happen next except for whoever is rigging it but:

Tesla execs have been selling Tesla stock ‘hand over fist’, ‘by the bucketload’ for months
sales are down a lot basically everywhere
with my financial hat on I wouldn’t touch this with a ten foot pole I basically think the brand is too toxic I don’t care how cheap it gets
Tesla is so heavily pumped it’s still way way way overvalued at current prices, like I can’t be bothered to explain how much but it’s a lot
investment firms are slowly lowering their price targets for this stock
Lehman also told their employees to hold stock just before they went bankrupt

[–] SaturdayMorning 2 points 15 hours ago

I agree with this. tesla is more about "vibes" than sales numbers and profit margin atm. This unfortunately does provide opportunities for "pump and dump" day trading. Another problem is that institutional investors have access to premarket/after market trading, creating an unfair advantage against retail investors.