Seeing the writing on the wall, some of Elon Musk and Tesla's biggest boosters are dumping their stock position in the company in large part over his actions since he assumed a major role in Donald Trump's administration.According to a report from the Wall Street Journal, Tesla's precipitous stock d...
Are they though
every fucking time.
Not sure what you’re saying here? As I said elsewhere, I absolutely get that this is one day but it’s also the same day they announced a massive line-wide recall. It’s discouraging to see the number go UP on a day like today.
the stock market has a LOT of automated trade. when the price of a highly traded stock falls and reaches certain points it triggers limit orders to buy, and when it rises it triggers limit orders to sell. that’s why you never see a clean rising line or falling line for more than a few days at a time, these auto orders run by the huge investment companies always stabilise things a bit. to see larger trends you have to scale up your chart to see past the stabilising periods.
Yeah, that makes sense, 100%. I think I was just feeling anxious because everything is so overwhelming, any positive sign for the fascists is scary to me. Thanks for helping explain that.
Any downturn is likely to have single day gains. Best to look at the big picture rather than cherry pick a single positive day:
Thanks for the perspective! Can you add a graph for 1-year and 5-years? That would fill out the picture.
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.
Just search the web for TSLA. The downturn corresponds pretty much with news about Musk in the DOGE.
Logically I know you’re right but emotionally, I fucking hate seeing any sort of positive gain for that dipshit
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 has had a couple of free promotions. There was a bump after the whitehouse turned into a car lot. Those slipped back a day or two later. Now we have a new Trump related promotion, which will swing it up for a day or two, but it will fall back down.
The company is failing in sales. No one wants a car that is going to get thrashed and spray painted. There was a massive recall of almost all Cyberfucks. No one is going to buy and hold Tesla stocks now. It’s toxic.
It is wishful thinking by them. It is dumb to put so much hype into stock crashing when the oligarchy controls the markets. They want collapse & then revolution.