Shares on Thursday dipped for the sixth straight session, falling 1.4% as of press time to once again underperform the Nasdaq tech index.
I hardly call -1.4% a plunge. It's not even remotely as much as I hoped in fact. But it's a good start.
this post was submitted on 01 Mar 2025
99 points (95.4% liked)
LeopardsAteMyFace
350 readers
6 users here now
'I never thought leopards would eat MY face,' sobs woman who voted for the Leopards Eating People's Faces Party.
founded 2 months ago
MODERATORS
The 3 month stock chart is in fact a plunge.
When you compare what's comparable, it would be just before Trump was elected, when reason still prevailed among investors presumably, and now that reason has returned.
TSLA was at $250 on Nov 5. Then it went crazy up because stupid investors believed they were gonna profit massively from their South African racehorse's privileged position, then it went back down because of Nazi salutes and unpopular wanton destruction of the country by said racehorse.
But it's still $275 at the moment. So basically it's back to normal more or less. When it drops below $200 - which I have no doubt it will at some point - then it will be a plunge. Right now it's just a reality check.
With the sales numbers Tesla currently has, it’s P/E ratio will probably get worst and less revenue will eventually bring the stocks’ price down. That is if markets start being rational about this company and they haven’t been since 2018 for $TSLA. I can’t wait for this company to crash and burn.
Well look at that. Share price is only 3/5 of what it used to be...
Are those voting shares?
Maybe, but for the most part it just counts towards the total shareholders.
~~Yeah more than 25% drop in the last 6 months.~~ I mean it was overvalued af anways so it was just a matter of time.
No
There's a dip in the last 3 months but the value is still about 40% higher than 6 months ago
Oh yeah thanks for the correction. I clicked on YTD instead of 1Y and didnt look at dates on the X axis
Elon doesnt care, he is happily raping the US federal govt data systems to train his AI systems with a nice fresh batch of data that no one else (rightly) has access to so he can catch up to all the other AI companies he has been lagging behind for years.
Ha ha ha ha! What exactly were these mooks expecting?