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Tesla Stock Price Reaches 'Death Cross' Status (gizmodo.com)

submitted 6 days ago by [email protected] to c/[email protected]

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[–] [email protected] 21 points 6 days ago (1 children)

Tesla is going to fall hard for a very simple combination of reason:

It's a meme stock, with 0% dividends and the P/E of a startup despite being 20 years old.
It's not going to miraculously start making money, when the worldwide sentiment is to let it burn (sometimes literally).

Considering the Elon an oppressor or not, has nothing to do with it. Personally, I'm saddened by the fate of SpaceX engineers once the Elon loses the virtual backing that those fantasy TSLA shares are giving him.

[–] [email protected] 24 points 6 days ago* (last edited 6 days ago)

Okay, sure, that's all valid, but that means nothing when it comes to endless articles wishcasting about the current price. I've seen these articles for almost two months now, when Tesla hit its lowest point in 2025 on March 10th. Sure, this could be a dead cat bounce, but until it actually starts crashing, it isn't anything other than wishcasting.

I'll give a damn when it drops lower than its lowest point in January of 2023 at $113. It's got a loooong way to drop before it passes that point. Below that is when the stock will potentially become terminal. Tesla is rigged and being floated by foreign interests, and it's going to take a lot for it (and the rest of the market, frankly) to come back down to reality. Talking about the reality of how useless Tesla is has almost fuck-nothing to do with how the market acts anymore.

What's that saying? "The market can stay irrational longer than you can stay solvent."