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> Not really though. Are you actually trying to deny that Tesla's stock price did not dropped around 25% since the start of 2021? Because all you need to do t

by rualca 5y ago

> Not really though. Are you actually trying to deny that Tesla's stock price did not dropped around 25% since the start of 2021? Because all you need to do to refute that is look at the stock price. > It's up for the month. No, not really. On June 1st Tesla was trading at $623 and today it's trading at $604. > There's a huge difference between a correction after a surge and a stock being a train wreck. The best thing about the stock market is that people can just put their money behind their beliefs. A tanking global market share, increased competition globally but specially in China, a 63% drop in sales, earnings with an overreliance on tax credits and crypto sales... Well, anyone decides what to do with their money.

spywaregorilla 5y ago
> Are you actually trying to deny that Tesla's stock price did not dropped around 25% since the start of 2021? I'm saying that calling the stock a train wreck is wishful thinking. Crying doom and gloom because the stock is down 25% over the past 6 months when it is also up 200% from the past 12 months is some serious cherry picking. Yes, the stock was likely overvalued by hype for a period. Maybe it will continue to fall for a while. And? On June 1st it was $623. Well, in early June last year it was below $200. To call it anything but a major success is one heck of a long shot. > a 63% drop in sales I don't really follow these things but I'm pretty sure that's not correct. edit: decided to read their financial statements. Q1 2021 automotive sales appears to be up 77% YoY. To make such confident statements on the direction of a company while making basic, yet enormous mistakes like this is exactly what I mean by wishful thinking. https://tesla-cdn.thron.com/static/R3GJMT_TSLA_Q1_2021_Update_5KJWZA.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q1-2021-Update.pdf%22 https://tesla-cdn.thron.com/static/R3GJMT_TSLA_Q1_2021_Updat...

by rualca 5y ago

spywaregorilla 5y ago

> Are you actually trying to deny that Tesla's stock price did not dropped around 25% since the start of 2021? I'm saying that calling the stock a train wreck is wishful thinking. Crying doom and gloom because the stock is down 25% over the past 6 months when it is also up 200% from the past 12 months is some serious cherry picking. Yes, the stock was likely overvalued by hype for a period. Maybe it will continue to fall for a while. And? On June 1st it was $623. Well, in early June last year it was below $200. To call it anything but a major success is one heck of a long shot. > a 63% drop in sales I don't really follow these things but I'm pretty sure that's not correct. edit: decided to read their financial statements. Q1 2021 automotive sales appears to be up 77% YoY. To make such confident statements on the direction of a company while making basic, yet enormous mistakes like this is exactly what I mean by wishful thinking. https://tesla-cdn.thron.com/static/R3GJMT_TSLA_Q1_2021_Update_5KJWZA.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q1-2021-Update.pdf%22 https://tesla-cdn.thron.com/static/R3GJMT_TSLA_Q1_2021_Updat...