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The manipulation on this stock is insane. Was at $350, down to $180, now back up to $260. In the span of 6 months when basically nothing material happened. They

The manipulation on this stock is insane. Was at $350, down to $180, now back up to $260. In the span of 6 months when basically nothing material happened. They’re just executing on a known plan. I trust these financial media companies 0%. It seems patently obvious they’re manipulating stocks. Why poison my mind? Seeking Alpha, CNBC, Bloomberg all seem to be the stock manipulation wings of god knows what funds.

r00fus 7y ago
Bloomberg really seems to be pushing an agenda. Why should we take them seriously? Still waiting for the supermicro retraction or proof of claims. At this point, it simply looks like stock manipulation.
- Spooky23 7y ago
  Still waiting for the libel suit. The company has financial irregularities and all sorts of problems. It seems strange that they wouldn’t push back.
gamblor956 7y ago
The only proven case of Tesla stock manipulation was when the CEO went on social media and deliberately and fraudulently made material misrepresentations about a pending acquisition of the company. But sure, everyone else is manipulating the stock...
- mc32 7y ago
  I wish Musk had planned it as well as Piëch orchestrated the VW-Porsche short squeeze back in what, ‘08?
SteveGregory 7y ago
The media might not be intentionally manipulating the stock so much as publishing information which short sellers find, package, and hand over for free. The incentive is there to create a misleading information campaign even without assuming the media is being very deliberate or coordinating. Edit: I have no idea why I'm being so downvoted here. All I am saying is that short sellers have incentive to hand the media whatever they can to help their case (not so controversial, right?) and that the media might be taking it for free rather than, as the parent poster says, coordinating to specifically harm Tesla (is this the controversial bit?)
- firasd 7y ago
  Right. Tesla short-sellers and media critics say all their doings are virtuous and normal actions in the context of stock markets, but I think the intensity of the feeding-frenzy makes it all a bit weird. For example, let's say I think IBM has oversold 'Watson' AI. I would take a short position in IBM and start publishing my concerns. Fair enough. But if I start camping outside every hospital that uses Watson, badgering staff going in and out, it should at least raise eyebrows... Same with all the claims the Tesla short-sellers manage to spread by spending their lives flying planes over factories and camped out near parking lots trying to count vehicle production/sale figures, leading to mainstream media publishing vague allegations like this: https://www.nytimes.com/2018/10/01/business/tesla-cars-questions.html https://www.nytimes.com/2018/10/01/business/tesla-cars-quest...
cma 7y ago
Nothing material happened? They had said they would be profitable all quarters going forward and then they weren't profitable in Q1. I think Musk also faced a new settlement with the SEC in that timeframe over violating a prior settlement for investor fraud (I think the prior one had terms letting them technically not admit to fraud) being violated. They also diluted investors with a capital raise they had strongly hinted wouldn't be needed, and at the autonomy day presentation for that raise they made bold predictions about essentially level 5 autonomy by 2020 (seemed like a lie to me and the entire team was restructured a few weeks later: https://electrek.co/2019/05/10/tesla-autopilot-restructuring-software-elon-takes-over/ https://electrek.co/2019/05/10/tesla-autopilot-restructuring... ).
threeseed 7y ago
I just love Tesla supporters. They act as though Tesla is the only company in the world that has stock fluctuations, short sellers, bad press etc. It's never that the company was bleeding money in a quarter, saw a significant decline in ARPU, had to borrow money again, purchased SolarCity at a massive loss and has an erratic CEO who promises the world and fails to deliver. No it's a conspiracy involving dozens of large companies.
- ajross 7y ago
  > They act as though Tesla is the only company in the world that has stock fluctuations, No, but the only one with a cap this big. Sure, there are tiny companies with crazy stuff happening. You have another example of another company with a two-digit billion dollar market valuation that sees anything remotely like this kind of volatility?
  - graeme 7y ago
    Some of these are pretty volatile: https://www.marketwatch.com/amp/story/guid/5A570E78-23CD-11E9-A7F9-8598764E9A6B https://www.marketwatch.com/amp/story/guid/5A570E78-23CD-11E... Tesla is also unusual in having an extremely large P/E compared to the typical S and P 500 company. That means it's being valued on future expectations, not present realities. Expectations of the future can swing much more wildly than those for present based businesses.
- deleted 7y ago
  [deleted]
rodgerd 7y ago
Nothing? Pedo lawsuit, "Funding secured", CEO found in breach of SEC regulations, missed profit and recorded near a billion loss? That nothing?
- jtx22 7y ago
  How many bankers did the SEC convict and send to jail after 2008? The SEC is scum.
opportune 7y ago
It has an abnormal amount of emotional and irrational dumb money retail investors, that's why
dang 7y ago
Please let's not have yet another comic book battle between the superheroes and supervillains of Teslaland. These are all the same, and because they're all the same they're all boring. That goes for this entire subthread, not just this comment.
- reitzensteinm 7y ago
  Have you considered just nuking all Tesla stories? Except for maybe product announcements. I think HN would be better off for it (and I'm speaking as somebody who has taken part in plenty of these comment threads).
  - dang 7y ago
    I don't think we could get away with it.

r00fus 7y ago

Bloomberg really seems to be pushing an agenda. Why should we take them seriously? Still waiting for the supermicro retraction or proof of claims. At this point, it simply looks like stock manipulation.

Spooky23 7y ago
Still waiting for the libel suit. The company has financial irregularities and all sorts of problems. It seems strange that they wouldn’t push back.

gamblor956 7y ago

The only proven case of Tesla stock manipulation was when the CEO went on social media and deliberately and fraudulently made material misrepresentations about a pending acquisition of the company. But sure, everyone else is manipulating the stock...

mc32 7y ago
I wish Musk had planned it as well as Piëch orchestrated the VW-Porsche short squeeze back in what, ‘08?

SteveGregory 7y ago

The media might not be intentionally manipulating the stock so much as publishing information which short sellers find, package, and hand over for free. The incentive is there to create a misleading information campaign even without assuming the media is being very deliberate or coordinating. Edit: I have no idea why I'm being so downvoted here. All I am saying is that short sellers have incentive to hand the media whatever they can to help their case (not so controversial, right?) and that the media might be taking it for free rather than, as the parent poster says, coordinating to specifically harm Tesla (is this the controversial bit?)

firasd 7y ago
Right. Tesla short-sellers and media critics say all their doings are virtuous and normal actions in the context of stock markets, but I think the intensity of the feeding-frenzy makes it all a bit weird. For example, let's say I think IBM has oversold 'Watson' AI. I would take a short position in IBM and start publishing my concerns. Fair enough. But if I start camping outside every hospital that uses Watson, badgering staff going in and out, it should at least raise eyebrows... Same with all the claims the Tesla short-sellers manage to spread by spending their lives flying planes over factories and camped out near parking lots trying to count vehicle production/sale figures, leading to mainstream media publishing vague allegations like this: https://www.nytimes.com/2018/10/01/business/tesla-cars-questions.html https://www.nytimes.com/2018/10/01/business/tesla-cars-quest...

cma 7y ago

Nothing material happened? They had said they would be profitable all quarters going forward and then they weren't profitable in Q1. I think Musk also faced a new settlement with the SEC in that timeframe over violating a prior settlement for investor fraud (I think the prior one had terms letting them technically not admit to fraud) being violated. They also diluted investors with a capital raise they had strongly hinted wouldn't be needed, and at the autonomy day presentation for that raise they made bold predictions about essentially level 5 autonomy by 2020 (seemed like a lie to me and the entire team was restructured a few weeks later: https://electrek.co/2019/05/10/tesla-autopilot-restructuring-software-elon-takes-over/ https://electrek.co/2019/05/10/tesla-autopilot-restructuring... ).

threeseed 7y ago

I just love Tesla supporters. They act as though Tesla is the only company in the world that has stock fluctuations, short sellers, bad press etc. It's never that the company was bleeding money in a quarter, saw a significant decline in ARPU, had to borrow money again, purchased SolarCity at a massive loss and has an erratic CEO who promises the world and fails to deliver. No it's a conspiracy involving dozens of large companies.

ajross 7y ago
> They act as though Tesla is the only company in the world that has stock fluctuations, No, but the only one with a cap this big. Sure, there are tiny companies with crazy stuff happening. You have another example of another company with a two-digit billion dollar market valuation that sees anything remotely like this kind of volatility?
- graeme 7y ago
  Some of these are pretty volatile: https://www.marketwatch.com/amp/story/guid/5A570E78-23CD-11E9-A7F9-8598764E9A6B https://www.marketwatch.com/amp/story/guid/5A570E78-23CD-11E... Tesla is also unusual in having an extremely large P/E compared to the typical S and P 500 company. That means it's being valued on future expectations, not present realities. Expectations of the future can swing much more wildly than those for present based businesses.
deleted 7y ago
[deleted]

rodgerd 7y ago

Nothing? Pedo lawsuit, "Funding secured", CEO found in breach of SEC regulations, missed profit and recorded near a billion loss? That nothing?

jtx22 7y ago
How many bankers did the SEC convict and send to jail after 2008? The SEC is scum.

opportune 7y ago

It has an abnormal amount of emotional and irrational dumb money retail investors, that's why

dang 7y ago

Please let's not have yet another comic book battle between the superheroes and supervillains of Teslaland. These are all the same, and because they're all the same they're all boring. That goes for this entire subthread, not just this comment.

reitzensteinm 7y ago
Have you considered just nuking all Tesla stories? Except for maybe product announcements. I think HN would be better off for it (and I'm speaking as somebody who has taken part in plenty of these comment threads).
- dang 7y ago
  I don't think we could get away with it.