posted in Technology
Tesla Stock in Freefall After Disastrous Earnings Report
finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
Yahoo FinanceTesla Stock in Freefall After Disastrous Earnings ReportInvestors aren't feeling Musk's attempt to reinvent Tesla.
Replying to @sanitation@lemmy.today
I predicted this after his reputation fully tanked when he went full MAGA/ DOGE. Every earnings report is going to depress the stock price more and more, until the floor just falls out, and it collapses.
Tesla is NEVER coming back. It will be bankrupt in 3 years.
Replying to @BarneyPiccolo@lemmy.today
People said the same after he did the nazi salute. You guys don’t learn.
Replying to @1984@lemmy.today
People don’t even read. They have record sales right now, the issue isn’t that people aren’t buying their cars.
The reason for the tank is because of how much money Tesla is spending on expansion; robotaxi rollout, data centers, and Optimus are sucking up short term funds in seeking out long term profits. Investors and the stock market hate this, but it’s nothing more than a temporary blip.
Replying to @NikkiDimes@lemmy.world
It’s the same reason why other tech companies are falling too, like alphabet. The giant spending on AI surprised the market, which is strange, since it hasn’t been a secret. But the stock market is always over-reacting, which is why it’s easy to make money long term.
People without experience get scared and sell their stocks, until they get the needed experience to either sell and buy something on the way up, or don’t sell and wait it out.