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All the articles about the Tesla stock dropping after March 10th were just wishcasting. (lemmy.blahaj.zone)

submitted 6 days ago* (last edited 5 days ago) by [email protected] to c/[email protected]

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Until March 10th, the Tesla stock dropped dramatically to a low of $222.15, and the articles posted that day were reasonable. Honestly, it was lower last spring at $142.05 in April 2024. Everything after March 10th were not reasonable or reflective of reality.

As of today the stock sits at $287.99, nowhere near its peak but still overvalued as living fuck.

Yet somehow, we've had two fucking solid weeks of "Tesla stock dropping" news articles while the stock has been slowly creeping back up.

All those articles just serve as wishcasting for people who don't like Musk.

I fucking hate Musk, but what I hate more is ignoring reality around you. That's what MAGA idiots do.

I had the stupidest arguments with people who kept saying that it was rising didn't matter. Why not? He's still way up in terms of valuation from just a year ago, and it's still rising, no matter what bullshit fantasy we want to tell ourselves because we reasonably fucking hate Elon Musk.

Anyway, the stock is probably being juiced by Russia and Saudia Arabia. ¯\_(ツ)_/¯

What follows are some examples:

March 10th: https://www.cnbc.com/2025/03/10/tesla-shares-plunge-14percent-head-for-worst-day-in-five-years.html

March 17th: https://www.barrons.com/articles/tesla-stock-price-musk-ai-model-y-10b333a4

March 19th: https://www.cnn.com/2025/03/19/business/elon-musk-tesla-stock-nightcap/index.html

March 21st: https://www.axios.com/2025/03/20/tesla-musk-lutnick

March 23rd: https://finance.yahoo.com/news/tesla-stock-tanked-hard-no-161417378.html

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[–] [email protected] 6 points 5 days ago (1 children)

The difference here is that half of Tesla's inflated value is based on musk's personal brand. If he left the company when it was at 400, it would've dropped then too. All we have seen so far is musk's personal brand drop.

[–] [email protected] 4 points 5 days ago (1 children)

I mean to be fair, having the CEO of a company who can significantly influence national policy is worth a hell of a lot of value!

[–] [email protected] 2 points 5 days ago

Lol, indeed. If only Tesla manufactured oversized pickups with truck nuts.

But sadly, his products target a demographic that isn't thrilled with his doge work.