• casmael@lemm.ee
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    22 hours ago

    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