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Yeah I concur. The kind of numbers they're talking about are no joke. Investors immediately responded to Elon's hubris in kind by severely punishing the stock.
by debt 8y ago
Yeah I concur. The kind of numbers they're talking about are no joke.
Investors immediately responded to Elon's hubris in kind by severely punishing the stock. Seems the joke is on Musk.
- greglindahl 8y agoHow did you figure out that the reason the stock fell was this particular one? (Edit: "Elon's hubris" in particular) Stock programs have all kinds of explanations they give out as to why a stock moves. Usually, it's a guess.
- dragontamer 8y ago> How did you figure out that the reason the stock fell was this particular one? https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iYhgfoDa6lZA/v2/-1x-1.png https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iYhgfoDa6lZ... Correlation =/= causation. But... its reasonable to see the connection here.
- mephitix 8y agoI had the Google stock chart open while the call was running. It was pretty much night and day. Before the call, it was up by about 0.25%. Then after market, during the call it was hovering between 1% and -1% - then immediately after the dismissal it started dropping quickly.
- jacquesm 8y agoSure, but if the stock starts dropping during an earnings call in after hours trading and drops a whopping 5%+ at the opening of the next session then it is a reasonable assumption that something during the earnings call triggered the sell-off. And they were doing ok right up to the point where Elon stopped answering investors questions.