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Tesla Stock Is Plunging Again. It Could Drop for a Ninth Straight Week

30 points by mikequinlan 2y ago

deleted 2y ago
[deleted]
fred_is_fred 2y ago
I guess having a sitting president do a live commercial for you on the White House lawn isn’t as helpful as it seemed.
- Kstarek 2y ago
  it stemmed the bleeding for a few days, but at the end of the day, Teslas are being vandalized across the US, foreign sales are falling off a cliff, and the stock was massively overvalued compared to any other automaker. it can fall much much much more. it's still expensive relative to other automakers 50% lower than current prices
  - bdangubic 2y ago
    not a single share of tesla has been bought in the last 10 years because someone thought they are a “car company.” of course whether “non-car” part ever materializes we shall see (I give this 0.76% chance) but tesla should never be compared or put into context of other car companies as that is completely irrelevant - stock prices wise…)
    - TheAlchemist 2y ago
      Maybe past 2 years, once it become obvious that sales growth is stopping and Tesla 'pivoted' to another story. Until about mid-2024, Tesla was still projecting a 50% growth in car sales per year, until 2030 - with a goal of selling 20M car / year by that deadline. That was a very nice story that people believed. Now they believe that Tesla will produce billions of Optimus robots. Which is also a nice story.
      - spwa4 2y ago
        Especially when you realize they're actually behind their far cheaper Chinese competition ... There's also 10 Chinese and even some European startup competitors that aren't even bothering with advanced mechanics. Humanoid robots that can be described as "quasi-direct-drive motors with sticks in between", that do everything the Tesla robots can. If Tesla's demonstrated anything, it's that they can barely match 10 year old Boston Dynamics demonstrations, and 2-3 year old Chinese demonstrations. It's making clear what everyone in robotics knew 40 years ago: software will win robotics. Not hardware. And let's just not mention the very embarrassing "human disguised as robot" demos Musk did.
      - cmurf 2y ago
        Yeah what is this nonsense? Ketamine nor stupidity explains this. Does he think everyone else is a moron? I guess he must. 3.6B / 100K = 36000 years. It's more like 240M/year to get to 3.6B. The number of human workers isn't flat either. And Tesla isn't going to be making 240M robots a year anytime soon so WTF?
        bdangubic 2y ago
        the robots are sideshow, people believe (have believed for more than a decade but maybe not people are getting a little bit wiser...) in robotaxis... every tesla investor I know (5 of them) is a believer that tesla's robotaxis will (slowly but surely) take over most of the car transportation in the US. that would be worth some multiple of the current eval - maybe not 100+ but something...
        rsynnott 2y ago
        > every tesla investor I know (5 of them) is a believer that tesla's robotaxis will (slowly but surely) take over most of the car transportation in the US. ... Why would anyone believe this? Like, even if they suddenly magically jump from level 2 to level 5 (implausible), what's so special about their thing that they'd have a monopoly? If _they_ can do it, the likes of Waymo certainly can.
        JohnFen 2y ago
    - timeon 2y ago
      And maybe that is the reason why it is going down now. The speculation seems like not going to materialize.
  - latentcall 2y ago
    Excellent news
- JakeAl 2y ago
  Didn't help Jeep when Biden did it, either. Stellantis is going out of business.
- rsynnott 2y ago
  Bit of a double-edged sword that. Might appeal to Trump-y people, but only serves to bury the brand in Europe and non-Trump-y America further.
  - fred_is_fred 2y ago
    What's the overlap between hard core Trumpers and people that want an EV though?
rl3 2y ago
[flagged]
- deleted 2y ago
  [deleted]
duxup 2y ago
That stock has been so absurdly high compared to other carmakers… this seems all but inevitable.
- rich_sasha 2y ago
  So high. Almost at 420 at one point!
billy99k 2y ago
It has nothing to do with the product/company itself and everything to do with emotion/opinion. It's probably a good time to buy.
- _fs 2y ago
  I wonder if you shared that opinion when it was on the way up as well. Because the P/E ratio has been lopsided compared to other auto makers for years. Or, are you perhaps skewed in your own opinion due to your near constant support of the american conservatives in your previous posts and comments.
  - duxup 2y ago
    I don’t know how much it is Elon, but just because he was there when the price went up doesn’t mean it can’t be about him when it went down too…
- pacomerh 2y ago
  Not buying anything from Elon for obvious reasons
- Terr_ 2y ago
  If that's true, you should be able to show it with some math... Where is it?
- m463 2y ago
  I don't know, might be in combination with the cars too. cybertruck isn't selling, and they keep putting everything on the touchscreen, like drive select.
- Gud 2y ago
  Now is a terrible time to buy Tesla. Sentiment has completely shifted about this company. Sales are tanking. Why would now be a good time to buy Tesla? Do you think they deserve 2x Toyotas valuation?
  - Zigurd 2y ago

30 points by mikequinlan 2y ago

deleted 2y ago

[deleted]

fred_is_fred 2y ago

I guess having a sitting president do a live commercial for you on the White House lawn isn’t as helpful as it seemed.

Kstarek 2y ago
it stemmed the bleeding for a few days, but at the end of the day, Teslas are being vandalized across the US, foreign sales are falling off a cliff, and the stock was massively overvalued compared to any other automaker. it can fall much much much more. it's still expensive relative to other automakers 50% lower than current prices
- bdangubic 2y ago
  not a single share of tesla has been bought in the last 10 years because someone thought they are a “car company.” of course whether “non-car” part ever materializes we shall see (I give this 0.76% chance) but tesla should never be compared or put into context of other car companies as that is completely irrelevant - stock prices wise…)
  - TheAlchemist 2y ago
    Maybe past 2 years, once it become obvious that sales growth is stopping and Tesla 'pivoted' to another story. Until about mid-2024, Tesla was still projecting a 50% growth in car sales per year, until 2030 - with a goal of selling 20M car / year by that deadline. That was a very nice story that people believed. Now they believe that Tesla will produce billions of Optimus robots. Which is also a nice story.
    - spwa4 2y ago
      Especially when you realize they're actually behind their far cheaper Chinese competition ... There's also 10 Chinese and even some European startup competitors that aren't even bothering with advanced mechanics. Humanoid robots that can be described as "quasi-direct-drive motors with sticks in between", that do everything the Tesla robots can. If Tesla's demonstrated anything, it's that they can barely match 10 year old Boston Dynamics demonstrations, and 2-3 year old Chinese demonstrations. It's making clear what everyone in robotics knew 40 years ago: software will win robotics. Not hardware. And let's just not mention the very embarrassing "human disguised as robot" demos Musk did.
    - cmurf 2y ago
      Yeah what is this nonsense? Ketamine nor stupidity explains this. Does he think everyone else is a moron? I guess he must. 3.6B / 100K = 36000 years. It's more like 240M/year to get to 3.6B. The number of human workers isn't flat either. And Tesla isn't going to be making 240M robots a year anytime soon so WTF?
      - bdangubic 2y ago
        the robots are sideshow, people believe (have believed for more than a decade but maybe not people are getting a little bit wiser...) in robotaxis... every tesla investor I know (5 of them) is a believer that tesla's robotaxis will (slowly but surely) take over most of the car transportation in the US. that would be worth some multiple of the current eval - maybe not 100+ but something...
        rsynnott 2y ago
        > every tesla investor I know (5 of them) is a believer that tesla's robotaxis will (slowly but surely) take over most of the car transportation in the US. ... Why would anyone believe this? Like, even if they suddenly magically jump from level 2 to level 5 (implausible), what's so special about their thing that they'd have a monopoly? If _they_ can do it, the likes of Waymo certainly can.
      - JohnFen 2y ago
  - timeon 2y ago
    And maybe that is the reason why it is going down now. The speculation seems like not going to materialize.
- latentcall 2y ago
  Excellent news
JakeAl 2y ago
Didn't help Jeep when Biden did it, either. Stellantis is going out of business.
rsynnott 2y ago
Bit of a double-edged sword that. Might appeal to Trump-y people, but only serves to bury the brand in Europe and non-Trump-y America further.
- fred_is_fred 2y ago
  What's the overlap between hard core Trumpers and people that want an EV though?

rl3 2y ago

[flagged]

deleted 2y ago
[deleted]

duxup 2y ago

That stock has been so absurdly high compared to other carmakers… this seems all but inevitable.

rich_sasha 2y ago
So high. Almost at 420 at one point!

billy99k 2y ago

It has nothing to do with the product/company itself and everything to do with emotion/opinion. It's probably a good time to buy.

_fs 2y ago
I wonder if you shared that opinion when it was on the way up as well. Because the P/E ratio has been lopsided compared to other auto makers for years. Or, are you perhaps skewed in your own opinion due to your near constant support of the american conservatives in your previous posts and comments.
- duxup 2y ago
  I don’t know how much it is Elon, but just because he was there when the price went up doesn’t mean it can’t be about him when it went down too…
pacomerh 2y ago
Not buying anything from Elon for obvious reasons
Terr_ 2y ago
If that's true, you should be able to show it with some math... Where is it?
m463 2y ago
I don't know, might be in combination with the cars too. cybertruck isn't selling, and they keep putting everything on the touchscreen, like drive select.
Gud 2y ago
Now is a terrible time to buy Tesla. Sentiment has completely shifted about this company. Sales are tanking. Why would now be a good time to buy Tesla? Do you think they deserve 2x Toyotas valuation?
- Zigurd 2y ago