Tesla stock is hitting rock bottom. Keep the boycott spinning!
Tesla stock is hitting rock bottom. Keep the boycott spinning!
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15 comments
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It's not even close to rock or bottom. It's still overvalued by a factor of 100x. It's still the biggest pump on the planet, don't fool yourself.
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Down 30% for the year, but up 47% from where it was a year ago and 600% of where it was five years ago.
How that happened in the first place is anybody's guess, but here we are.
Still, 30% in three months is not happy times, even if it's a long way down to reasonable, let alone rock bottom.
It's also, because the self-indulgence is starting to rub me the wrong way, entirely unrelated to any online organization. This started a while ago fairly spontaneously and I expect it will keep going the same way. I respect anybody wanting to decouple from a hostile regime, but reining in the US or even winning a trade war aren't going to happen in social media.
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How that happened in the first place is anybody’s guess
It's a cult. Always has been.
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On how did it balloon so high, check this thread: https://lemm.ee/comment/18679286
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Idk if I'm just Lemmy-ing wrong but that link doesn't produce a comment thread for me. It's a single comment (post?) by SLVRDRGN that doesn't mention Tesla.
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Tesla's stock history, for reference. I'm not an economist or finance bro, so I'm not sure how stock splits factor into a graph like this, but for the record, Tesla had a 5:1 split in 2020 and a 3:1 split in 2022.
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Splits are factored in that chart.
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15 comments