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Tesla stock falls after Trump official urges Americans to ‘invest in Elon Musk’
(www.theguardian.com)
this post was submitted on 20 Mar 2025
87 points (100.0% liked)
United States | News & Politics
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What? It's been steadily dropping since the inauguration. It gets slight bumps here and there, but it's essentially in free fall. It's now lower than it's been since October, and it hasn't had a plunge that lasted this long since late 2022 (and that one wasn't nearly as steep).
It's currently above it's lowest price in the last month, which was March 10th ($222.15, currently $232.92),and it hasn't dipped that low since. I don't know what to tell you, bro. ¯\_(ツ)_/¯
I don't like it, but we don't have to pretend it's doing worse than it is. Every time it drops, it comes back up a bit. In fact, it's already up from it's previous drop just today.
You're looking at the 5-Day graph. Look at the six month graph.
As I said, it stopped dropping ten days ago. Just because it's had a big drop doesn't mean anything when we keep having articles that scream about how it's dropping again daily.
It hasn't seriously dropped since March 10th. Please stop trying to miss the point. We're talking about an article that came out today claiming it's still falling when it hasn't fallen significantly in ten fucking days.
It is still falling.
Nobody cares about ten days. Nobody cares about steep but temporary dips. Certainly not Elon. But the long-term, sustained drop? A three month period where the stock has burned off all the gains it's made since October? That's the stuff people in business care about. They can weather a few days of bad press. When it goes on for months, shareholders start to get grumpy.