Comment by haspok
13 hours ago
That's all good, don't worry, the stock is doing quite well, near its record high. A man jumping around in spandex is all they need.
13 hours ago
That's all good, don't worry, the stock is doing quite well, near its record high. A man jumping around in spandex is all they need.
It's actually bizarre how seemingly nothing impacts $TSLA: profits down 46%, revenue down 3%, cutting successful product lines that used to sell quite a bit, a massively failed product in the Cybertruck, FSD promises still unfulfilled, and on top of all that US$ 2 billion siphoned away to another unrelated company.
With all of that, the stock closed upwards on the after market hours. Perhaps only Musk's death could cause it to tank, would have never expected to see a cult of personality being run on the top of S&P 500 market caps, what a strange world...
I think it was the FT that observed about a year ago that even as institutional investors were pulling away from US equities, retail investors (redditors, if you will) were filling in the gap quite enthusiastically. (You know, "Buy the dip!! " and brethren.)
I don't know to what extent that's still the case. But someone always ends up with the hot potato no matter what.
Its not bizzare. Retail investors can no longer compete with big banks, who pretty much set the stock price. Elon solidified this with DOGE by removing oversight of such things.
At this point, investing is exacly like playing slots at casino.
It’s being valued on the hope that they will crack full self driving. People still believe they will crack it.
Meanwhile Waymo has actually cracked self driving, and is operating a fleet of taxis. Tesla said they were going to do this at least as far back as like 2018, and still aren’t.
They’re being beaten on every front.
2 replies →
Have you tried FSD on a HW4 model recently?
5 replies →
It's more of a bet on the optimus
2 replies →
Once they actually start bleeding money they will go down.
> would have never expected to see a cult of personality being run on the top of S&P 500 market caps,
Steve Jobs had a cult of personality as well. Of course Apple had financial reasons to support its valuation when he was leading it in the 2000s
But Apple under Steve Jobs had all the financial numbers to support it, it wasn't valued solely on Steve Jobs' personality, the products were there, and being loved by consumers. Revenue wasn't dipping while the stock was going up, revenue, market share, profits were consistently on the rise.
The most successful meme stock in history, all driven by - "coming soon"