• @[email protected]
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    2 hours ago

    In general, huge downward trends are a great way for investors to make lots of money.

    Buy when lowest, wait, profit. Easy.

    I would not be surprised if some huge Tesla fan actually caused the panic to drop the prices in the first place, in order to buy the stocks cheaper for themselves.

  • @heatofignition
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    1511 hours ago

    The sitting president just did an ad for them in front of the white house. It might rise a little from that, but I would expect the larger downward trend to continue because of the growing anti-Musk sentiment across the country.

  • @[email protected]
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    510 hours ago

    Stock isn’t about how much a company is worth, it’s how much investors and stockholders think its worth (especially in the future).

    Show an ad or make a policy change and enough people saying we are so back will uptick valuation. Making a controversial change will decrease it. Anytime leadership potions are changed, the new CEO/etc is evaluated for stockholders guessing if they’re a good choice or a bad one.

  • @[email protected]
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    15 hours ago

    This is something very common in stocks. In a bear market it is called a “dead cat bounce”. Most probably it will go back to keep falling in a few days, if not tomorrow, unless the trend changes which would be very surprising to me.

    • sp3ctr4l
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      713 hours ago

      A sudden, sharp decline is also called a ‘falling knife’, particularly due to how it looks in a box plot, somewhat resembling a bloody dagger.

      So… when the market in general tries to ‘catch’ a ‘falling knife’… this produces a ‘dead cat bounce’ if the market at least temporarily makes the price actually rebound a bit.

      So… to … mix terminology… I guess you catch a falling knife by bouncing a cat off the floor, which goes upward, catches the knife, kills the cat, and then the dead cat with the knife in it collapses through the broken floor.

      Hooray daytrader terminology.

    • Tar_Alcaran
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      514 hours ago

      it is called a “dead cat bounce”.

      Because everything will bounce if you slam it down hard enough. Not the nicest term though

        • sp3ctr4l
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          212 hours ago

          I don’t think this ‘term’ exists, but I hereby propose we call a downward, stairstep series of dead, splattered cat bounces, a ‘bear feast’.

  • @hark
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    812 hours ago

    Stock price has nothing to do with reality. Even when the stock price goes up or down coinciding with profits going up and down, it’s just that – a coincidence. Many times you’ll see amazing earnings and the stock will drop because “it’s priced in” (it’s always priced in except when it’s not) or “future outlook didn’t look good” (unlike the amazing outlook of tesla which is promising robots and robotaxis and other vaporware).

    Their Q1 earnings report comes out next month, so that’ll be interesting at least. Don’t expect market reactions to be logical. It may seem to go up or down appropriately, but the primary mover is not reality.

      • @hark
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        17 hours ago

        Even if tesla’s sales tank and their profits turn into heavy losses, they can still be valued more than all the other automotive companies. The excuse could be because “tesla is more than just an automotive company” but after a decade of not delivering on full self-driving like promised, you’d think investors would understand that musk is full of it.

  • @FMT99
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    1115 hours ago

    You expected the market to suddenly behave rationally and value a company according to actual value? First time?

  • Tony Bark
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    1116 hours ago

    Something happened behind the scenes during that White House event.

  • @[email protected]
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    515 hours ago

    Look at what happened to the stock on Feb 11, it dropped, came back up for a few days, then dropped again. That could be repeating.