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and which stock doesn't? why focus only on Tesla? we're in the beginning economic crisis and tech companies are the first to take a hit other tech companies a

and which stock doesn't? why focus only on Tesla? we're in the beginning economic crisis and tech companies are the first to take a hit other tech companies are already doing massive layoffs, Klarna just yesterday and Lyft today the real bad news is that the bear market can hold on for years with no signs of relief

Bubble_Pop_22 4y ago
Because it's the only stock people have an emotional attachment towards. People who are in index funds have no such emotional reaction because they know that they couldn't have possibly done better, because day trading is a guarantee to lose money and so is stock picking.
suture 4y ago
Last October Tesla had a market cap of $1 trillion and was worth the 10 largest auto manufacturers combined. It’s a stock that has been way overvalued. The $575 billion drop in market cap is itself more than the market cap of any other auto manufacturer. These facts make the drop in Tesla’s share price noteworthy and newsworthy. Then there is Elon’s oversized ego and his legion of sycophants to add to the newsworthiness of it all.
- TapWaterBandit 4y ago
  Tesla is definitely overvalued but so is every tech stock (and most other stocks besides). We have also seen an enormous boom/bust occur in the crypto sphere that is ongoing and many property markets around the world are looking at some degree of price correction. It is a strange framing of the article to say "investor patience wears thin" leading to a decline in Tesla specifically when the whole stock market is declining globally alongside numerous other asset classes.
gregjor 4y ago
Tesla is not a tech company. Other auto manufacturers are not getting hammered this hard.
- squidbeak 4y ago
  Any company with huge R&D in AI is a tech company. Tesla's also an auto company. It's possible to be both.
  - Bubble_Pop_22 4y ago
    Exxon is using AI to find potential new pockets of oil, is it a tech company too? What a load of bollocks, it's just the age old tale of a guy who believes his own BS enough to stream it into the world . When there are many of them eventually one will succeed in selling his unsubstantiated narrative. In a sense people are right when they say Tesla isn't a car company, it's a cult company. Cults are popping everywhere in the stock market and the so called business world. If it's indeed true that for every ant you see in the kitchen there are 100 that you don't see...well it's looking bad.
    - 8note 4y ago
      I've considered trying to augment some geophysics analysis with AI, but is it actually useful? I think not - geophysicists are cheap for the amount of value finding a good deposit, and if you're going to find something new, it's likely to be outside the training set
  - gregjor 4y ago
    No. Plenty of companies have huge R&D in technology. Tesla is a car company because its revenue comes from selling cars, not AI. If Tesla had to survive selling AI or software it wouldn’t have lasted this long. Another valid view is that Tesla is a parasite on the public dole that also happens to make cars.
    - opendomain 4y ago
      I thought teslas real revenue comes from carbon offsets? They do not make a profit from the actual cars
      - 4y ago
over_bridge 4y ago
Tesla has been massively overvalued for a long time. Elon himself said it was too high. The exceptionalism of Tesla was the cult of personality around Musk himself. The stock is strongly tied to public perception of one person. This has been in Tesla's favour when they were tiny and struggling but may be to it's detriment now it's found its feet and is doing well. It's an interesting shift happening now where the perceived relative value of man vs his company is changing. Is Tesla now being dragged down?
- gota 4y ago
  Not to mention - and this has been true for a long, long time - every time Elon Musk makes a controversial statement he becomes, in the eyes of everyone paying attention, a little more stupid and a little less like Tony Stark (which seems to be what he wanted to convey) He has beem chasing controversy, up to and including naming a child with a publicity stunt name. This is not what people usually want to bet/invest on. Edit: and picking a fight with Bernie Sanders on twitter. Then fighting on twitter about twitter to buy twitter
  - over_bridge 4y ago
    And making sweeping statements about Democrats. Regardless of any political takes, that's potentially tens of millions of people who could take offense, including those most active about electric vehicles and solar panels.
  - mountainriver 4y ago
    I don’t think so, I think he is only gaining momentum. Elon is delivering on a lot of fronts the world simply wasn’t capable of doing before he came along. He deserves the credit
  - mancerayder 4y ago
    To say these things and not mention his business acumen (he runs a few) makes it sound like sour grapes/ad hominem attacks on the guy. Yes, he's an oddball and he has some weird fetish around controversy, but he's a business leader studied by other business leaders. He delivers. He managed to put electric cars on the map, he made rockets that land, he's now boring tunnels and doing neuro network engineering. Not sure why baby names are mentioned over these.
mancerayder 4y ago
I think they're going to let the capital drain long enough to meaningfully lower inflation and open the monetary policy spigot again. I'm not sure if there will be any lessons learned here by policy chiefs. It seems they waited so long to increase rates, while denying inflation, for political reasons and not rational ones.

Bubble_Pop_22 4y ago

Because it's the only stock people have an emotional attachment towards. People who are in index funds have no such emotional reaction because they know that they couldn't have possibly done better, because day trading is a guarantee to lose money and so is stock picking.

suture 4y ago

Last October Tesla had a market cap of $1 trillion and was worth the 10 largest auto manufacturers combined. It’s a stock that has been way overvalued. The $575 billion drop in market cap is itself more than the market cap of any other auto manufacturer. These facts make the drop in Tesla’s share price noteworthy and newsworthy. Then there is Elon’s oversized ego and his legion of sycophants to add to the newsworthiness of it all.

TapWaterBandit 4y ago
Tesla is definitely overvalued but so is every tech stock (and most other stocks besides). We have also seen an enormous boom/bust occur in the crypto sphere that is ongoing and many property markets around the world are looking at some degree of price correction. It is a strange framing of the article to say "investor patience wears thin" leading to a decline in Tesla specifically when the whole stock market is declining globally alongside numerous other asset classes.

gregjor 4y ago

Tesla is not a tech company. Other auto manufacturers are not getting hammered this hard.

squidbeak 4y ago
Any company with huge R&D in AI is a tech company. Tesla's also an auto company. It's possible to be both.
- Bubble_Pop_22 4y ago
  Exxon is using AI to find potential new pockets of oil, is it a tech company too? What a load of bollocks, it's just the age old tale of a guy who believes his own BS enough to stream it into the world . When there are many of them eventually one will succeed in selling his unsubstantiated narrative. In a sense people are right when they say Tesla isn't a car company, it's a cult company. Cults are popping everywhere in the stock market and the so called business world. If it's indeed true that for every ant you see in the kitchen there are 100 that you don't see...well it's looking bad.
  - 8note 4y ago
    I've considered trying to augment some geophysics analysis with AI, but is it actually useful? I think not - geophysicists are cheap for the amount of value finding a good deposit, and if you're going to find something new, it's likely to be outside the training set
- gregjor 4y ago
  No. Plenty of companies have huge R&D in technology. Tesla is a car company because its revenue comes from selling cars, not AI. If Tesla had to survive selling AI or software it wouldn’t have lasted this long. Another valid view is that Tesla is a parasite on the public dole that also happens to make cars.
  - opendomain 4y ago
    I thought teslas real revenue comes from carbon offsets? They do not make a profit from the actual cars
    - 4y ago

over_bridge 4y ago

Tesla has been massively overvalued for a long time. Elon himself said it was too high. The exceptionalism of Tesla was the cult of personality around Musk himself. The stock is strongly tied to public perception of one person. This has been in Tesla's favour when they were tiny and struggling but may be to it's detriment now it's found its feet and is doing well. It's an interesting shift happening now where the perceived relative value of man vs his company is changing. Is Tesla now being dragged down?

gota 4y ago
Not to mention - and this has been true for a long, long time - every time Elon Musk makes a controversial statement he becomes, in the eyes of everyone paying attention, a little more stupid and a little less like Tony Stark (which seems to be what he wanted to convey) He has beem chasing controversy, up to and including naming a child with a publicity stunt name. This is not what people usually want to bet/invest on. Edit: and picking a fight with Bernie Sanders on twitter. Then fighting on twitter about twitter to buy twitter
- over_bridge 4y ago
  And making sweeping statements about Democrats. Regardless of any political takes, that's potentially tens of millions of people who could take offense, including those most active about electric vehicles and solar panels.
- mountainriver 4y ago
  I don’t think so, I think he is only gaining momentum. Elon is delivering on a lot of fronts the world simply wasn’t capable of doing before he came along. He deserves the credit
- mancerayder 4y ago
  To say these things and not mention his business acumen (he runs a few) makes it sound like sour grapes/ad hominem attacks on the guy. Yes, he's an oddball and he has some weird fetish around controversy, but he's a business leader studied by other business leaders. He delivers. He managed to put electric cars on the map, he made rockets that land, he's now boring tunnels and doing neuro network engineering. Not sure why baby names are mentioned over these.

mancerayder 4y ago

I think they're going to let the capital drain long enough to meaningfully lower inflation and open the monetary policy spigot again. I'm not sure if there will be any lessons learned here by policy chiefs. It seems they waited so long to increase rates, while denying inflation, for political reasons and not rational ones.