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All the articles about the Tesla stock dropping after March 10th were just wishcasting. (lemmy.blahaj.zone)

submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]

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Until March 10th, the Tesla stock dropped dramatically to a low of $222.15, and the articles posted that day were reasonable. Honestly, it was lower last spring at $142.05 in April 2024. Everything after March 10th were not reasonable or reflective of reality.

As of today the stock sits at $287.99, nowhere near its peak but still overvalued as living fuck.

Yet somehow, we've had two fucking solid weeks of "Tesla stock dropping" news articles while the stock has been slowly creeping back up.

All those articles just serve as wishcasting for people who don't like Musk.

I fucking hate Musk, but what I hate more is ignoring reality around you. That's what MAGA idiots do.

I had the stupidest arguments with people who kept saying that it was rising didn't matter. Why not? He's still way up in terms of valuation from just a year ago, and it's still rising, no matter what bullshit fantasy we want to tell ourselves because we reasonably fucking hate Elon Musk.

Anyway, the stock is probably being juiced by Russia and Saudia Arabia. ¯\_(ツ)_/¯

What follows are some examples:

March 10th: https://www.cnbc.com/2025/03/10/tesla-shares-plunge-14percent-head-for-worst-day-in-five-years.html

March 17th: https://www.barrons.com/articles/tesla-stock-price-musk-ai-model-y-10b333a4

March 19th: https://www.cnn.com/2025/03/19/business/elon-musk-tesla-stock-nightcap/index.html

March 21st: https://www.axios.com/2025/03/20/tesla-musk-lutnick

March 23rd: https://finance.yahoo.com/news/tesla-stock-tanked-hard-no-161417378.html

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[–] [email protected] 4 points 1 week ago

Even beyond all the wishful thinking, Tesla could literally evaporate and it would not meaningfully impact musk in his current position. SpaceX can be arbitrarily juiced by the govt via contracts and since it's not publicly traded we don't even really get insight into it's real value.

Tesla is long overdue to return to earth given it's financials compared to other auto manufacturers. It also is not used as collateral for the twitter buy, despite what is regularly parroted.