Tesla Stock Price Reaches 'Death Cross' Status
Tesla Stock Price Reaches 'Death Cross' Status
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Tesla Stock Price Reaches 'Death Cross' Status
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96 comments
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No such thing as a death cross for a company that is now embedded at the highest level of the federal government. Don't get too excited, ass hat and the swasticars aren't going anywhere. If you havent dumped your Tesla yet, get fucked at this point.
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There is only so much they can do to prop it up. If noone is buying them, and noone wants the stock, its going to go down short of the govt literally buying the stock and handing it over to musk.
That unfortunately would not surprise me. How sad.
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Tesla could literally never sell another car again, and it wouldn't matter as long as people continue to buy the stock.
It's been wildly over priced for a very long time, so clearly the people who are keeping it afloat aren't interested in whether the company is actually profitable or not.
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I think those people were only buying and holding cause the stock price kept going up regardless of logic and reason. These people wanted to make money.
If they think they might lose money, I think they would probably sell.
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You're thinking rational. Tesla prices skyrocketed during the covid pandemic when wallstreetbets was gaining traction. That's probably all you need to know.
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If I recall correctly, it skyrocketed right after they posted their first profit. People took this as an indicator that Tesla was only going to go up exponentially from here.
It was actually way overpriced even before this point.
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"I like money" - Frito
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That only goes so far. If the company ceases to exist because it cant pay its debts, its gonna get delisted from the exchange.
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Til magically the government starts buying all its cars from them, and they start making tanks and drones for the military.
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and they start making tanks
That would be crazy. That'd be like letting Boeing make your fighter jets...
Dear god.
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Was there not already some deal with the State Department for the purchase of "armored vehicles" from Tesla to the tune of 400 million USD? Or did I just hallucinate that?ETA: Apprently not true: https://www.snopes.com/news/2025/02/14/state-department-armored-teslas/
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It's not not true. Elon was going to do it, but it got attention and they had to back down. I'm sure they will do it again but more quietly and ramp it up slower to not catch as much flack.
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Cyber truck USPS fleet vehicles.
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I could see this administration contracting for 100k cybertrucks for the USPS right before shutting down the USPS.
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SAD
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Standard American Diet XD
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Plenty of Teslas were bought before most people had any idea that Elon was a fascist sociopathic asshole. Not everyone who bought one can afford to just dump a functioning vehicle with shitty resale value. Anyways, we don't really want to see every Tesla on the road retired at the same time, so somebody will be driving them.
Cybertrucks are a bit different in my estimation. Anyone who bought a Cybertruck should have known who they were buying it from. Those owners bought that car to signal something, and I think it's fair to let them know that the signal was received.
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Good points, but for most Tesla models at least I would argue that the people that can afford those can afford a lower than desirable resale value in order to not feel shitty about their daily drive. From what I can tell, it doesn't really look like the used market for these has taken that hard of a hit either. Also, due the natural rapid depreciation of cars, it's not something that waiting for bad press to blow over and having a slight increase on the demand side would be worth waiting for either. Would be interested in an anecdote if someone has one, but I'm not convinced right now it would be all that hard or financially damaging to sell your Tesla. At the very least debadge that heap, when I see that I like to think the owner is trying at least.
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the people that can afford those can afford a lower than desirable resale value
You sound unfamiliar with the average American consumer. Americans tend to buy the most car they think they can afford. They also might have been counting on the fact that electric vehicles cost more up front, but return that value and then some the longer you drive it.
it doesn't really look like the used market for these has taken that hard of a hit either.
If it does, I might go out and buy myself one. As I said before, we don't want these vehicles to be retired before their time.
At the very least debadge that heap, when I see that I like to think the owner is trying at least.
I would definitely suggest that people do this, but I wouldn't call it "the least", at least in regards to owning a Tesla. Removing the badge is probably the most effective thing they can do. That stuff gets noticed and has an impact. If they sell the car, it will just be bought by someone else and continue to be a billboard for Elon. I see a lot of Teslas in my area and have been looking for badge removals or "Elon bad" bumper stickers, and so far have just seen one without badges.
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Americans tend to buy the most car they think they can afford.
Hell, Americans buy the most car they can finagle a loan for, independent of if they can or can't actually afford it.
It wouldn't be surprising to find that a good portion of Tesla buyers are stuck in the trap where they owe so much on it that there's no way they could afford the hit to replace it, because they can barely make their payments now.
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I dumped mine, originally was estimated to be a $92 fee or something to walk away from the lease.
Just found out a couple of days ago they're charging me every fee under the sun. Now they want $4000. Have to put it on a credit card. It royally sucks, but I'm still glad I ditched it.
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96 comments