2w ago

All the articles about the Tesla stock dropping after March 10th were just wishcasting.

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

26 comments

There's an earnings report due in April and that's when the rubber will hit the road, so to speak. Stock prices are all just pretend. I wishcast to hear they sold 5 cars last quarter.

Stocks never just plunge straight to zero. Stocks in decline can have many bounces on the way down.
- There's always that comeback from the group of investors who think "NOW it has reached the lowest point, buy buy buy!"
  The stock market is generally horrible, it is largely dictated purely by investors and the stocks themselves have no relation to value lest you specifically go looking for stocks that return dividends or provide voting share. If you invest looking at how a company is going to perform, you are going to lose, you need to look at how investors are going to invest. Investing has always largely been about "meme stocks", it's just that the name stuck when astroturfing stock investment hit social networks en masse.
  
  There’s also short sellers who eventually have to buy the stock to fulfill their obligation. A stock in terminal decline can go through many rounds of short selling which creates these bounces.
- A common occurrence is that while a stock drops it hits the trigger price for shorts, which can make it bounce

Forget about Russia or Saudi Arabia, he basically has the backing of the US government. The government won't allow any of his businesses to fail and his business interests will only be helped by his doggy department.
- The government won't allow any of his businesses to fail
  So they are going to buy thousands of cybercarts for the Army?
  ;-)
  
  Didn't they float plans to buy armored Teslas?

Crypto has shown us that valuation isnt connected in any way to reality, all you need is good vibes and belief. There are enough musk fanboys and musk has enough access to capital that if he wants, he can pump the stock to the moon.
We are at end game capitalism, capital is consolidated to such a degree that the market is no longer a market, it is a casino. And the people with the capital are no longer participants in the market, THEY ARE THE MARKET. And the house never loses.
Our only hope is them turning on each other but ultimately the endgame of capitalism is consolidation, not competition. Maybe if trump dies or becomes immensely unpopular, things will get interesting.
- There are other hopes that revolve around mass violence.
  
  Well now hold on there is no need for violence. We can discuss this with the billionaires over a nice dinner

The same thing happens with any stock which people don't like. Same thing happened with the Anheuser-Busch stocks during the whining about corporate pandering.
From April to October 2023 when the "boycott" started, their shares fell ~15%. By December, they were back to where they started.
Most news is not news, just emotional clickbait. I find Reuters and AP News take a fair bit (but not all) of the emotion out and make for a less triggering read.
- 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.
  
  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!

https://www.reddit.com/r/options/comments/hk7nqe/tesla_infinity_call_gamma_squeeze/
Elon found out how to juice his own stock years ago. If you understand how options work, see above now 5 year old post. It never made any sense that TSLA was more valuable than it's next 10 competitors combined.
In a very basic sense, he (allegedly) buys a bunch of contracts saying he will buy at a higher price, which makes the market maker have to buy stock to hedge, then he dumps some kind of news to get the stock pumping and make the MM buy more stock, and drive price up. I'm sure he's doing it through 50 shell companies so it doesn't get back to him, but as someone who does trade and has watched this stock the last 5 years, run completely afoul of logic, it makes complete sense. He also fills wsb with bots and shills to pump up TSLA and more importantly, buy OTM calls.

I mean Elon still cried over all the Tesla hate so I will accept that as a win
- So fucking desperate to believe the richest man in the world is secretly miserable, it's pathetic. He cries crocodile tears in a scripted interview and you take that as a "win".
  He is. The richest man. In the world. Get that through your head. He's not miserable, he's not regretting his choices. He won and is having the time of his life living consequence free. Tesla stock could drop to zero, he could lose Twitter, and you know what? He'd still be the richest man in the world. SpaceX alone guarantees that.
  But sure, you go ahead and pretend the man with more money than God, who can take his private jet to his private yacht and relax whenever he wants, is somehow really sad and depressed because one of his multi-billion dollar companies had their stock temporarily go down by a few percentage points. I'm sure that's a great comfort to you as you struggle to pay rent.
  
  Eh calm down champion. You are just self projecting onto other people. I only care about Elon's richness to the extend he fucks the world up with it (which is a lot) otherwise could not careless for his life style. For all that money, he still feels compelled to cheat, fuck it, even hire other people to play for him on online games so that he gets respect from the gaming community lol. He has this constant need and desire to be validated. He pretends like gamers, geeks and nerds are his crowd but in reality most of them hate him and it drives him crazy. He fucking hired a bunch of 19 year olds, not because they are easy scapegoats, it is only because they worship him like god. You can't script that. If you are jealous of that kind of life, good luck with that. Don't assume other people will too.

All I'm hearing is that the Tesla vandals need to step up their game.
- Somehow I feel that may be the saving mechanism for them right now.
  Overextended inventory - turned into straight cash via insurance claims.

I am glad you have noticed this. I thought I was in some alternate reality.

I think there's a real plot to lower these stock prices so that these Rich assholes can do more stock buybacks and consolidate control.
I don't think these people are thinking in market terms anymore. Just pure power as they head towards techno feudalism.

Even beyond all the wishful thinking, Tesla could literally evaporate and it would not meaningfully impact musk in his current position. SpaceX can be arbitrarily juiced by the govt via contracts and since it's not publicly traded we don't even really get insight into it's real value.
Tesla is long overdue to return to earth given it's financials compared to other auto manufacturers. It also is not used as collateral for the twitter buy, despite what is regularly parroted.

To this day homies don't understand the simple rule that controversy sells. It powers the brand. It keeps it in the news every day. Manage a steady drip of "bad but not soooo bad" controversy and you win. Case in point: Trump
If you want something to end, get people to stop thinking about it. I suspect people just like having something to be mad about and "belong" to an ingroup of other people mad at it too
Inb4 people are mad at me for "supporting Elon" by saying the above, right? Because obviously what he's doing is so bad and evil that "how dare I" not stand up against it? Well, I hope you enjoy the ride

26 comments