• Snot Flickerman@lemmy.blahaj.zone
    link
    fedilink
    English
    arrow-up
    94
    ·
    edit-2
    4 days ago

    Still $100 above what it was a year ago, this is more bullshit wishcasting. It was $157 this time last year. Sits at $254 right now.

    What even are these articles?

    I fucking hate Tesla but I hate living in a fantasy land when your oppressors “are just about to get their just desserts… it’s just around the corner… we promise.” It’s a joke of a fantasy preying on people who justifiably want to see these power hungry morons suffer as much as all the people they purposefully hurt.

    • jarfil@beehaw.org
      link
      fedilink
      arrow-up
      20
      ·
      4 days ago

      Tesla is going to fall hard for a very simple combination of reason:

      • It’s a meme stock, with 0% dividends and the P/E of a startup despite being 20 years old.
      • It’s not going to miraculously start making money, when the worldwide sentiment is to let it burn (sometimes literally).

      Considering the Elon an oppressor or not, has nothing to do with it. Personally, I’m saddened by the fate of SpaceX engineers once the Elon loses the virtual backing that those fantasy TSLA shares are giving him.

      • Snot Flickerman@lemmy.blahaj.zone
        link
        fedilink
        English
        arrow-up
        24
        ·
        edit-2
        4 days ago

        Okay, sure, that’s all valid, but that means nothing when it comes to endless articles wishcasting about the current price. I’ve seen these articles for almost two months now, when Tesla hit its lowest point in 2025 on March 10th. Sure, this could be a dead cat bounce, but until it actually starts crashing, it isn’t anything other than wishcasting.

        I’ll give a damn when it drops lower than its lowest point in January of 2023 at $113. It’s got a loooong way to drop before it passes that point. Below that is when the stock will potentially become terminal. Tesla is rigged and being floated by foreign interests, and it’s going to take a lot for it (and the rest of the market, frankly) to come back down to reality. Talking about the reality of how useless Tesla is has almost fuck-nothing to do with how the market acts anymore.

        What’s that saying? “The market can stay irrational longer than you can stay solvent.”

    • TeamAssimilation@infosec.pub
      link
      fedilink
      arrow-up
      13
      ·
      edit-2
      4 days ago

      I’ve always suspected these are attempts at stock manipulation. Release scary news, make the stock go down, buy, stock rebounds quickly as the scaremongering dissipates, sell.

      The most mentally-challenged businessmen love pump and dump (and the reverse in this case) because it doesn’t require any talent whatsoever, just insider trading.

    • teawrecks@sopuli.xyz
      link
      fedilink
      arrow-up
      3
      ·
      3 days ago

      It is a fact that there is a pattern termed a “death cross”, and it is a fact that Tesla exhibits it.

      It is also stated clearly in the article that, in the opinion of the author,

      the chart pattern reading kinda strikes me as astrology for guys in suits.

      And according to Reuters,

      about half the time that a death cross appears, it marks the worst point for the index rather than a harbinger of a steeper decline.

      Imagine reading an article before making inflammatory statements about it in 2025.