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Tesla Stock in Freefall After Disastrous Earnings Report (finance.yahoo.com)
submitted 2 months ago by to c/technology@lemmy.world
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[+] -9 points 2 months ago (13 children)

People said the same after he did the nazi salute. You guys don't learn.

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  • [–] 24 points 2 months ago (3 children)

    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

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  • [–] 7 points 2 months ago* (2 children)

    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.

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  • [–] 6 points 2 months ago (3 children)

    What are you talking about? Tesla has been on a steady downward slide ever since Musk started getting froggy. Things don't happen overnight, y'know? It takes time, and none of the time between then and now has been good for Tesla, and it ain't gonna get good. Tesla is a dead man walking.

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  • [–] 0 points 2 months ago (2 children)

    Nobody can see the future. We will see.

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  • [–] 1 point 2 months ago (1 child)

    We're already seeing. So far, each earning call has been a disaster, and things have only gotten worse. Sales are down world-wide, and the Chinese have taken over the EV world, with cars that are better and cheaper.

    Tesla hasn't had a single piece of good news since his Salute, and lots of bad news. Barring a change in upper management, they won't be turning around.

    But you? You should definitely buy more stock. Lots more.

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  • [–] 4 points 2 months ago* (3 children)

    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.

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  • [–] 5 points 2 months ago (1 child)

    Right but those are all speculative, and unlikely to ever turn a profit. Optimus is a charade.

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  • [–] 5 points 2 months ago

    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.

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  • [–] 1 point 2 months ago*

    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.

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