• EdibleFriend@lemmy.world
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    7 months ago

    The electric car company thats pissing off left wing people on a daily basis is failing? But…the right LOVES renewable energy…how can this be?!

    • Guest_User@lemmy.world
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      7 months ago

      Not sure saying the company is failing is accurate. Their stock is up 10% today on their news. That’s a bonkers one say jump for a company this big.

      • Miaou@jlai.lu
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        6 months ago

        Would you have called GameStop a thriving company before GME? Stock market and reality do not always align.

        • Guest_User@lemmy.world
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          6 months ago

          Would I call GME a thriving stock before the hype? I do think their stock price was a little undervalued before the hype, and I think it’s a little over valued now. I certainly agree stock price is not always 1:1 of a company’s health, but it is a fantastic indication for outsiders. But to say telsa is failing because of this news I think is incorrect. Also, to say their stock is doing poorly by any metric I would also say is incorrect. I’m no Wallstreet broker though.

      • remotelove@lemmy.ca
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        7 months ago

        I agree they aren’t “failing” yet. But let’s put their price in proper context …

        That is a 10%-12% after hours pump. All institutional sellers needed to do was lift any orders they had pinning the price down. While the price could skyrocket tomorrow morning, I think it’s more likely to get more attraction from people wanting to cut their losses. If I had millions in stock, I would want to buffer that price range with orders from people who think after hours prices mean something.

        Also, it’ll take more than that little bump to improve it’s overall price:

        • Guest_User@lemmy.world
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          7 months ago

          Oh I totally agree and I’m not saying this single day is the biggest day of tesla. Just that this news isn’t singling the end either. But over all, the stock price has done stupidly well. 800% increase in 5 years for a company this size. Absolutely wild, in any context. I have no money in it and don’t plan to, nor will I buy a car from them just to make it clear I’m not a fan boy.