• Aux@feddit.uk
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    4 hours ago

    What are you talking about? Tesla’s stock price is coming back up in line with everyone else. They’re actually doing much better than more woke companies like Apple.

    • TankovayaDiviziya@lemmy.world
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      4 hours ago

      Competitors have outsold Tesla as part of boycott, so the stocks won’t go back to its peak at $400-410. What is happening is that it simply became pump and dump for most traders (I have been shorting it myself).

      • Aux@feddit.uk
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        3 hours ago

        Tesla’s share price is up 40% in just one month. You can’t short when it’s rising, unless you want to lose shitloads of money. It’s also half way through to full recovery, which should happen within a month more.

        What is happening is that everyone who were panic selling lost their money, those who were buying from panicking lemmings got already rich. 40% returns in one month is just fucking bonkers!

        • TankovayaDiviziya@lemmy.world
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          3 hours ago

          Tesla share price has been going up and down in the past couple of months. You are correct it went up 40% broadly speaking, but it is because people have just been pumping and dumping. I guarantee Tesla stocks will crash again as long as Musk is the CEO and the board of directors don’t get rid of him.

          You can still short as day trade even if the overall market or stocks is going down by exploiting the price movements. But that is more stressful I must admit.

    • michaelmrose@lemmy.world
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      2 hours ago

      Its planning on getting a massive welfare infusion for a fake missile defense system it will never be able to make work while the government it now half owns is planning on tariffing most of the leading brands of cars. Meanwhile the only inherently profitable thing it actually does which is to say make cars its doing very poorly at.

      Apple is doing incredibly well at selling phones and computers but the Trump administration is not only threatening to tariff stuff made overseas they specifically threatened to tariff iPhones specifically.

      So in brief Apple stock is going down despite being great at its business whilst Tesla is on its way back up even as people won’t buy their cars. Its just corruption.