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Tesla Stock in Freefall After Disastrous Earnings Report
(finance.yahoo.com)
This is a most excellent place for technology news and articles.
I predicted this after his reputation fully tanked when he went full MAGA/ DOGE. Every earnings report is going to depress the stock price more and more, until the floor just falls out, and it collapses.
Tesla is NEVER coming back. It will be bankrupt in 3 years.
People said the same after he did the nazi salute. You guys don't learn.
The nazi salute is the same time they're talking about though...
And the stock is starting to tank, because the earnings are shit, but they've been way below it's valuation for ages
Tesla is a hype stock and is based on hopes and dreams. Maybe it will get there but probably not. If Elon gets sick or quits, the entire company doesn't have a chance.
I would say there is a very big chance of that happening in the next few years.
The next big wave is probably robotics and tesla could have a chance there though to once again rise. But many other tech companies want the same market.
You guys? As in... Who?
Cause it's not like there's some magic place that's doing a great job holding him accountable.
Thinking anywhere is immune from fascism is exactly how it spreads.
People don't even read. They have record sales right now, the issue isn't that people aren't buying their cars.
The reason for the tank is because of how much money Tesla is spending on expansion; robotaxi rollout, data centers, and Optimus are sucking up short term funds in seeking out long term profits. Investors and the stock market hate this, but it's nothing more than a temporary blip.
It's the same reason why other tech companies are falling too, like alphabet. The giant spending on AI surprised the market, which is strange, since it hasn't been a secret. But the stock market is always over-reacting, which is why it's easy to make money long term.
People without experience get scared and sell their stocks, until they get the needed experience to either sell and buy something on the way up, or don't sell and wait it out.
Right but those are all speculative, and unlikely to ever turn a profit. Optimus is a charade.
If those ventures fail, they cut their losses and fall back on their cars which are doing wildly well and it's back to business as usual. They have like 1.5 million active FSD users, nearly half of which are paying a monthly $99. They just added 200,000 more this quarter alone.
Don't get me wrong, fuck Tesla, I wish to see Elon destitute and miserable. But it's just not realistic, in my opinion.