• Guest_User@lemmy.world
    link
    fedilink
    English
    arrow-up
    9
    arrow-down
    5
    ·
    6 months ago

    Not sure saying the company is failing is accurate. Their stock is up 10% today on their news. That’s a bonkers one say jump for a company this big.

    • remotelove@lemmy.ca
      link
      fedilink
      English
      arrow-up
      17
      arrow-down
      1
      ·
      6 months ago

      I agree they aren’t “failing” yet. But let’s put their price in proper context …

      That is a 10%-12% after hours pump. All institutional sellers needed to do was lift any orders they had pinning the price down. While the price could skyrocket tomorrow morning, I think it’s more likely to get more attraction from people wanting to cut their losses. If I had millions in stock, I would want to buffer that price range with orders from people who think after hours prices mean something.

      Also, it’ll take more than that little bump to improve it’s overall price:

      • Guest_User@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        arrow-down
        2
        ·
        6 months ago

        Oh I totally agree and I’m not saying this single day is the biggest day of tesla. Just that this news isn’t singling the end either. But over all, the stock price has done stupidly well. 800% increase in 5 years for a company this size. Absolutely wild, in any context. I have no money in it and don’t plan to, nor will I buy a car from them just to make it clear I’m not a fan boy.

    • Miaou@jlai.lu
      link
      fedilink
      English
      arrow-up
      10
      arrow-down
      1
      ·
      6 months ago

      Would you have called GameStop a thriving company before GME? Stock market and reality do not always align.

      • Guest_User@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        6 months ago

        Would I call GME a thriving stock before the hype? I do think their stock price was a little undervalued before the hype, and I think it’s a little over valued now. I certainly agree stock price is not always 1:1 of a company’s health, but it is a fantastic indication for outsiders. But to say telsa is failing because of this news I think is incorrect. Also, to say their stock is doing poorly by any metric I would also say is incorrect. I’m no Wallstreet broker though.

          • Guest_User@lemmy.world
            link
            fedilink
            English
            arrow-up
            1
            ·
            6 months ago

            Fair enough. If you really are that confident then buy some short positions and rake in the cash! I’m done playing those games as it’s too volitile and I’m too bad lol mutual funds for me because I can admit I can’t see the future of companies

            • SkyeStarfall@lemmy.blahaj.zone
              link
              fedilink
              English
              arrow-up
              2
              ·
              6 months ago

              The whole point is that the market’s irrational, why would I buy shorts and basically gamble away my money? The literal point of this thread chain is that the stock value is disconnected from real-world practicality.

              • Guest_User@lemmy.world
                link
                fedilink
                English
                arrow-up
                1
                ·
                6 months ago

                That’s my point with my last comment. It would be gambling because no one can really tell where the company is going. People say they know company X will go up or down but never put their money where their mouth is. If a company fails, the stock will go down. If the company does well, the stock will go up. Absolutely the relationship between company health and stock valuation is a bit blurred, but they are clearly closely related.