Replying to @⁨Karjalan@lemmy.world⁩

Tesla is a hype stock and is based on hopes and dreams. Maybe it will get there but probably not. If Elon gets sick or quits, the entire company doesn’t have a chance.

I would say there is a very big chance of that happening in the next few years.

The next big wave is probably robotics and tesla could have a chance there though to once again rise. But many other tech companies want the same market.

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 @⁨eestileib@sh.itjust.works⁩

If those ventures fail, they cut their losses and fall back on their cars which are doing wildly well and it’s back to business as usual. They have like 1.5 million active FSD users, nearly half of which are paying a monthly $99. They just added 200,000 more this quarter alone.

Don’t get me wrong, fuck Tesla, I wish to see Elon destitute and miserable. But it’s just not realistic, in my opinion.

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.

Replying to @⁨1984@lemmy.today⁩

We’re already seeing. So far, each earning call has been a disaster, and things have only gotten worse. Sales are down world-wide, and the Chinese have taken over the EV world, with cars that are better and cheaper.

Tesla hasn’t had a single piece of good news since his Salute, and lots of bad news. Barring a change in upper management, they won’t be turning around.

But you? You should definitely buy more stock. Lots more.