The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.
Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.
Yes, because while they had lower profits than previously, they still had higher profits than expected. This market behavior is in no way unique or limited to Tesla or “meme stocks”. If a company increases profits, but less than expected, their stock usually drop despite increased profit. It’s because value is tied to actual results vs. expected results on the short term.
Because the stock market doesn’t care about reality. It is just a bunch of rich guys trading money between each other, and they have enough to not need us.
Yes, but even then you’d expect the faltering to be reflected, just earlier. As the analysts estimate low profits you’d expect the stock to suffer a sharp decline then.
Given how overvalued Tesla is arguably in general and that the rationalization is that while it’s not the biggest and best brand now, but their growth trajectory should carry them past all the other automakers, it’s insane that they are only down 11% from their late december highs, and still showing a $1.4 trillion market cap…
It’s not a company that looks like growth nor do their current results look to justify that crazy valuation. They are valued at 3x Ford, GM, Toyota, and Honda combined, despite having more modest business results than any of them.
Yes, this local move upward on beating estimates despite a bad result is normal, but the broader trend of this stock is still anything but.
They squandered their reputation to gain political clout that seems to have evaporated and are locked into EVs in a market where that’s no longer subsidized and a great deal of EV interest is muted now and other manufacturers are able to push out compelling EV cars. You know that Musk is going to take your money and spend it how he sees fit including obscene bonuses to himself…
I just don’t understand Tesla investors at all at this point…
Sales are down worldwide, and it’s so bad that he just announced he’s ending production on two of his product lines, the S and X series, abandoning his “SEXY” branding strategy. Now it will just be “EY.”
The stock is only staying afloat because it’s in the portfolios of so many institutional investment accounts. With each dropping earning report, the stock is going to slowly slide, and eventually those institutional investment accounts will start dropping it. Then he’s finished.
Nobody is going to buy his dumb robot that won’t work. Leastways, not in numbers that would make up for automobile numbers. Otherwise, Ford and Chevy would be building robots.
Yes, because while they had lower profits than previously, they still had higher profits than expected. This market behavior is in no way unique or limited to Tesla or “meme stocks”. If a company increases profits, but less than expected, their stock usually drop despite increased profit. It’s because value is tied to actual results vs. expected results on the short term.
Because the stock market doesn’t care about reality. It is just a bunch of rich guys trading money between each other, and they have enough to not need us.
Top 10% of people own 90% of stocks 85% of all businesses, and half the real estate.
Yeah, it just became another form of currency to them to make number go up attached to their soul of course.
Lukewarm take: all stocks are meme stocks.
Yes, but even then you’d expect the faltering to be reflected, just earlier. As the analysts estimate low profits you’d expect the stock to suffer a sharp decline then.
Given how overvalued Tesla is arguably in general and that the rationalization is that while it’s not the biggest and best brand now, but their growth trajectory should carry them past all the other automakers, it’s insane that they are only down 11% from their late december highs, and still showing a $1.4 trillion market cap…
It’s not a company that looks like growth nor do their current results look to justify that crazy valuation. They are valued at 3x Ford, GM, Toyota, and Honda combined, despite having more modest business results than any of them.
Yes, this local move upward on beating estimates despite a bad result is normal, but the broader trend of this stock is still anything but.
They squandered their reputation to gain political clout that seems to have evaporated and are locked into EVs in a market where that’s no longer subsidized and a great deal of EV interest is muted now and other manufacturers are able to push out compelling EV cars. You know that Musk is going to take your money and spend it how he sees fit including obscene bonuses to himself…
I just don’t understand Tesla investors at all at this point…
Sales are down worldwide, and it’s so bad that he just announced he’s ending production on two of his product lines, the S and X series, abandoning his “SEXY” branding strategy. Now it will just be “EY.”
The stock is only staying afloat because it’s in the portfolios of so many institutional investment accounts. With each dropping earning report, the stock is going to slowly slide, and eventually those institutional investment accounts will start dropping it. Then he’s finished.
Tesla will be bankrupt in two years.
I’ve been reading that the last 5 years. It’s not a stock, it’s a cult.
And it’s finally starting to happen. They’ve never had a 46% reduction in profit before. They’ve never closed two production lines before.
This is NOT business as usual over at Tesla. I guarantee The Goblin is in a near panic right now, his Trillion dollar payday is in jeopardy.
oh no! but now they have a robot that everyone will buy 4X! Same shit, different sandwich.
Nobody is going to buy his dumb robot that won’t work. Leastways, not in numbers that would make up for automobile numbers. Otherwise, Ford and Chevy would be building robots.
Are they building robots?
They are not.
and nobody is buying his shit cars, trucks or semis, or solar roofs, or tunnels, or hyperloop…what is your point?
TSLA does not need to make money, it just needs the promise of making money one day.