this post was submitted on 23 Apr 2025
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Tesla’s Remarkably Bad Quarter Is Even Worse Than It Looks (www.theatlantic.com)
submitted 3 weeks ago by cm0002@lemmy.world to c/usa@midwest.social
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[–] ProfHillbilly@lemmy.world 11 points 3 weeks ago (3 children)

If the quarter was so bad, then why is the stock going back up? I do not seem to understand the stock market. Who keeps buying this stock? I know buy the dip but fuck me.

[–] sleepmode@lemmy.world 10 points 3 weeks ago

Trump softened his stance on China tariffs and admitted he wasn’t going to fire Powell. Market went up right after that.

[–] Blue_Morpho@lemmy.world 9 points 3 weeks ago* (last edited 3 weeks ago)

Large index funds match the stock market on a percentage basis, not based on individual performance. So they take in billions every day from 401k contributions in paychecks and buy Tesla, not because Tesla is doing well, but because it's in the S&P 500.

[–] Novocirab@feddit.org 6 points 3 weeks ago (1 children)

Elon today announced in a more concrete way that he will step back from DOGE, and more soon-ish than it was previously assumed, iirc.

[–] Novocirab@feddit.org 8 points 3 weeks ago (1 children)

Okay, there's also this.

[–] NOT_RICK@lemmy.world 1 points 3 weeks ago (1 children)

Got a source? I’d like to read more