this post was submitted on 23 Apr 2024
449 points (97.5% liked)

World News

39172 readers
3543 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Guest_User 4 points 7 months ago (2 children)

Not sure saying the company is failing is accurate. Their stock is up 10% today on their news. That's a bonkers one say jump for a company this big.

[–] [email protected] 16 points 7 months ago (1 children)

I agree they aren't "failing" yet. But let's put their price in proper context ..

That is a 10%-12% after hours pump. All institutional sellers needed to do was lift any orders they had pinning the price down. While the price could skyrocket tomorrow morning, I think it's more likely to get more attraction from people wanting to cut their losses. If I had millions in stock, I would want to buffer that price range with orders from people who think after hours prices mean something.

Also, it'll take more than that little bump to improve it's overall price:

[–] Guest_User -1 points 7 months ago

Oh I totally agree and I'm not saying this single day is the biggest day of tesla. Just that this news isn't singling the end either. But over all, the stock price has done stupidly well. 800% increase in 5 years for a company this size. Absolutely wild, in any context. I have no money in it and don't plan to, nor will I buy a car from them just to make it clear I'm not a fan boy.

[–] [email protected] 9 points 7 months ago (1 children)

Would you have called GameStop a thriving company before GME? Stock market and reality do not always align.

[–] Guest_User 1 points 7 months ago (1 children)

Would I call GME a thriving stock before the hype? I do think their stock price was a little undervalued before the hype, and I think it's a little over valued now. I certainly agree stock price is not always 1:1 of a company's health, but it is a fantastic indication for outsiders. But to say telsa is failing because of this news I think is incorrect. Also, to say their stock is doing poorly by any metric I would also say is incorrect. I'm no Wallstreet broker though.

[–] [email protected] 1 points 7 months ago (1 children)

GameStop is a dying company. All I've seen in my life are more and more GameStop shops closing down around me.

[–] Guest_User 1 points 7 months ago (1 children)

Fair enough. If you really are that confident then buy some short positions and rake in the cash! I'm done playing those games as it's too volitile and I'm too bad lol mutual funds for me because I can admit I can't see the future of companies

[–] [email protected] 2 points 7 months ago (1 children)

The whole point is that the market's irrational, why would I buy shorts and basically gamble away my money? The literal point of this thread chain is that the stock value is disconnected from real-world practicality.

[–] Guest_User 1 points 7 months ago

That's my point with my last comment. It would be gambling because no one can really tell where the company is going. People say they know company X will go up or down but never put their money where their mouth is. If a company fails, the stock will go down. If the company does well, the stock will go up. Absolutely the relationship between company health and stock valuation is a bit blurred, but they are clearly closely related.