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I'm sure there are other cases but none of this magnitude that comes to mind. But the real truth is --- the 40% percent drop in TSLA follows a 40% gain that wa
by jqpabc123 2y ago
I'm sure there are other cases but none of this magnitude that comes to mind.
But the real truth is --- the 40% percent drop in TSLA follows a 40% gain that was wasn't justified and was based solely on Musk's association with Trump.
But a deeper, more fundamental truth is --- Tesla is all but dead as a consumer car company and I think Musk knows it. It is facing increasing competition at every turn without the political angle --- which only makes things worse.
The company is living on "Full Self Driving" which has been promised over and over again for the last decade to the point where it has become a running joke.
- SlightlyLeftPad 2y agoThere’s this weird phenomenon where people very commonly attribute these companies’ success and accomplishments solely to Elon too which I don’t think I’ve really seen happen anywhere else except maybe Apple with Steve Jobs. He probably deserved it somewhat although he also actively dismissed the sentiment publicly. Naturally, he seemed like he was still a jerk in other ways.