this post was submitted on 29 Jan 2026
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And let me guess, stonk went up still?
It's not about the companies, it's a gamble stock, divorced from the performance of the company.
Yes, because while they had lower profits than previously, they still had higher profits than expected. This market behavior is in no way unique or limited to Tesla or "meme stocks". If a company increases profits, but less than expected, their stock usually drop despite increased profit. It's because value is tied to actual results vs. expected results on the short term.
Sales are down worldwide, and it's so bad that he just announced he's ending production on two of his product lines, the S and X series, abandoning his "SEXY" branding strategy.
The stock is only staying afloat because it's in the portfolio of so many institutional investment accounts. With each dropping earning report, the stock is going to slowly slide, and eventually those institutional investment accounts will start dropping it. Then he's finished.
Tesla will be bankrupt in two years.
I just checked and of course the stock went up.