this post was submitted on 21 Mar 2025
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FuckMusk

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This is a community designed to enjoy the extended downfall of Elon Musk.

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[–] misterdoctor@lemmy.world -5 points 1 day ago (4 children)
[–] Sixtyforce@sh.itjust.works 28 points 22 hours ago (1 children)
[–] misterdoctor@lemmy.world 7 points 22 hours ago (1 children)

Not sure what you’re saying here? As I said elsewhere, I absolutely get that this is one day but it’s also the same day they announced a massive line-wide recall. It’s discouraging to see the number go UP on a day like today.

[–] nublug@lemmy.blahaj.zone 17 points 22 hours ago (1 children)

the stock market has a LOT of automated trade. when the price of a highly traded stock falls and reaches certain points it triggers limit orders to buy, and when it rises it triggers limit orders to sell. that's why you never see a clean rising line or falling line for more than a few days at a time, these auto orders run by the huge investment companies always stabilise things a bit. to see larger trends you have to scale up your chart to see past the stabilising periods.

[–] misterdoctor@lemmy.world 11 points 21 hours ago

Yeah, that makes sense, 100%. I think I was just feeling anxious because everything is so overwhelming, any positive sign for the fascists is scary to me. Thanks for helping explain that.

[–] Bubs@lemm.ee 31 points 1 day ago (2 children)

Any downturn is likely to have single day gains. Best to look at the big picture rather than cherry pick a single positive day:

[–] shalafi@lemmy.world 3 points 9 hours ago (2 children)

Thanks for the perspective! Can you add a graph for 1-year and 5-years? That would fill out the picture.

[–] Bubs@lemm.ee 1 points 2 hours ago

The one and five years were mostly just a slow build up to the peak in the six month graph. Nothing much of interest unless you have knowledge of past events.

[–] davidagain@lemmy.world 1 points 4 hours ago

Just search the web for TSLA. The downturn corresponds pretty much with news about Musk in the DOGE.

[–] misterdoctor@lemmy.world 19 points 1 day ago (1 children)

Logically I know you’re right but emotionally, I fucking hate seeing any sort of positive gain for that dipshit

[–] casmael@lemm.ee 12 points 23 hours ago

I completely agree. The stock market is a strange thing and nobody knows what will happen next except for whoever is rigging it but:

  • Tesla execs have been selling Tesla stock ‘hand over fist’, ‘by the bucketload’ for months
  • sales are down a lot basically everywhere
  • with my financial hat on I wouldn’t touch this with a ten foot pole I basically think the brand is too toxic I don’t care how cheap it gets
  • Tesla is so heavily pumped it’s still way way way overvalued at current prices, like I can’t be bothered to explain how much but it’s a lot
  • investment firms are slowly lowering their price targets for this stock
  • Lehman also told their employees to hold stock just before they went bankrupt
[–] KingPorkChop@lemmy.ca 14 points 1 day ago

Tesla has had a couple of free promotions. There was a bump after the whitehouse turned into a car lot. Those slipped back a day or two later. Now we have a new Trump related promotion, which will swing it up for a day or two, but it will fall back down.

The company is failing in sales. No one wants a car that is going to get thrashed and spray painted. There was a massive recall of almost all Cyberfucks. No one is going to buy and hold Tesla stocks now. It's toxic.

[–] timewarp@lemmy.world 3 points 1 day ago

It is wishful thinking by them. It is dumb to put so much hype into stock crashing when the oligarchy controls the markets. They want collapse & then revolution.