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Isn't the counter argument to this that he's also the guy who has lost the stock 43% of its value over the last year?
by SketchySeaBeast 4y ago
Isn't the counter argument to this that he's also the guy who has lost the stock 43% of its value over the last year?
- kjksf 4y ago
- SketchySeaBeast 4y agoAh, so the good is Elon, the bad is Jerome Powell? Also, the whole stock market isn't down 43% - the S&P is only down 13%.
- wfme 4y agoTSLA has underperformed the S&P 500 over the last year, but vastly outperformed it if you expand your time frame to 5 years - ~1,000% vs 50%. Perhaps comparing the 43% drop over the last year to other comparable companies would provide a better picture. 1 Year TSLA: -43.28% GM: -29.99% FORD: -26.13% STLA: -33.09% 5 Years TSLA: 1,019% GM: -8.24% FORD: 9.24% STLA: -25.23%
- Klinky 4y agoObviously Musk should go on Twitter and lie that he's taking Tesla private again to juice the stock. Maybe he'll get two slaps on the wrist this time.
- spookie 4y agoYou can't compare such a recent company, to others that were well established for decades. It means nothing. I believe the criticism comes from the volatility of the company.
- cercatrova 4y agoWho says Jerome Powell is bad? Fighting inflation due to, well, inflated asset values is a good thing, not bad. Just because it makes numbers go down doesn't mean it should be considered a bad thing.
- cuteboy19 4y agoArguably the increase in the stock was because of the feds monetary policy. Low interest rates are why speculation was rampant in the past.
- dilyevsky 4y agoIf you haven’t noticed the whole market got a 10 year rally because the FED poured insane amount of money into economy
- lupire 4y agoTSLA got far more than a proportional share of that.
- thelittleone 4y agoCan you expand on that? I'm genuinely curious about the stats.
- dilyevsky 4y agoYeah but would it ever become a hot stock it is without so much dumb money slushing around?
- SantalBlush 4y agoThe Fed had been giving corporate handouts via rock-bottom interest rates since 2008. Your reasoning is backwards.