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The Game is Rigged (lemmy.world)

submitted 1 day ago by [email protected] to c/[email protected]

16 comments fedilink hide all child comments

Tesla announces earnings miss expectations by 34.89% and the stock trades up after hours. Something is rotten in the state of Denmark.

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[–] [email protected] 24 points 1 day ago* (last edited 1 day ago) (1 children)

It all may sound like a great big bucket of bad news for the car company, but the stock market has a different take. "If this is the worst it gets for Tesla, then certainly there must be some upside for the stock once tailwinds, such as the highly-awaited cheaper model and the Robotaxi, finally hit the market later this year," wrote Thomas Monteiro, senior analyst at investing .com.

Quote from this article by Ars Technica

I am not posting this because I think it makes any sense. It only makes sense if you are a rich person with way too much money to be bothered by Elon Musk's track record of just making shit up.

[–] [email protected] 13 points 1 day ago (1 children)

If they think a cheaper car and self-driving capabilities are coming at the end of the year, i have a selection of bridges i would like to sell them.

[–] [email protected] 2 points 1 day ago

Let me know when so I can join in on the pump and dump because these people are idiots.