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Tesla up 4% today and 4% after hours.

cosmicgadget 1y ago
4% during market hours because Trump has indicated he is waving the white flag on tariffs. After hours... maybe a low volume pump for tomorrow's dump? It's a meme stock, fundamentals don't apply.
mullingitover 1y ago
Down 37.26% YTD. These earnings numbers didn't take anyone by surprise. Hit from both ends: they're shutting down sales of their highest margin vehicles in China completely, and about to get tariffed to hell on their LFP battery packs from China for their high-volume domestic vehicles. All this of course was made possible because the CEO knowingly demolished the brand's image, and neglected his responsibilities at the firm in order to campaign for the man who would start the trade war that's killing them now (not to mention spending hundreds of millions to buy his election). HN doesn't have images, so you'll have to manually picture the guy in the hot dog suit saying "we're all looking for the guy who did this."
- bdangubic 1y ago
  Tesla up 4% AH because Elon said he will cut his time as govie where it should have dropped 90% on that news :)
  - mullingitover 1y ago
    The media is really embarrassing itself with this abject failure in reporting. He must step back by law because the raging conflict of interest, wherein a captain of industry is allowed to personally raid US government offices and fire his own regulators, all while exfiltrating data on the populace, is only allowed to go on for a maximum of six months.
    - bdangubic 1y ago
      following the news though I don’t think the law matters much anymore in the US of A…
      - Analemma_ 1y ago
        I'm pretty sure the parent's comment should be read as extremely sarcastic.
    - foobarian 1y ago
      What law exactly, though. If a president wants some IT work done, they should in theory be able to delegate to an arbitrary contractor. And that contractor could be empowered to implement the executive's dictates.
      - mullingitover 1y ago
        Title 18 of the United States Code, Section 202(a). As a Special Government Employee he's not allowed to work more than 180 days out of 365 (and this > they should in theory be able to delegate to an arbitrary contractor Nothing stopping them, as long as they're able to follow 41 U.S. Code § 2303 regarding conflicts of interest. I know it's controversial right now, but I'm going to come out and say it: corruption is bad. We shouldn't be allowing companies to run amok and capture their regulators. That's putting unelected corporations in power over the people, which will not end well.
    - insane_dreamer 1y ago
      > by law we are well past the point where _by law_ matters to this Administration
Analemma_ 1y ago
That doesn't mean much by itself: the entire market is up after-hours because Trump is surrendering on the China tariffs.
Zigurd 1y ago
It was up ahead of the earnings call, too. To see one reason why, go to YouTube and search "Tesla earnings." You get 20 channels of stock touts you've never heard of and wouldn't trust to estimate the price of pizza.
rsynnott 1y ago
Trump blinked on tariffs, which of course muddies the waters. Though, also, after hours is _weird_, particularly on meme stocks/meme-stock-adjacent things like Tesla.

4% during market hours because Trump has indicated he is waving the white flag on tariffs. After hours... maybe a low volume pump for tomorrow's dump? It's a meme stock, fundamentals don't apply.

mullingitover 1y ago

Down 37.26% YTD. These earnings numbers didn't take anyone by surprise. Hit from both ends: they're shutting down sales of their highest margin vehicles in China completely, and about to get tariffed to hell on their LFP battery packs from China for their high-volume domestic vehicles. All this of course was made possible because the CEO knowingly demolished the brand's image, and neglected his responsibilities at the firm in order to campaign for the man who would start the trade war that's killing them now (not to mention spending hundreds of millions to buy his election). HN doesn't have images, so you'll have to manually picture the guy in the hot dog suit saying "we're all looking for the guy who did this."

bdangubic 1y ago
Tesla up 4% AH because Elon said he will cut his time as govie where it should have dropped 90% on that news :)
- mullingitover 1y ago
  The media is really embarrassing itself with this abject failure in reporting. He must step back by law because the raging conflict of interest, wherein a captain of industry is allowed to personally raid US government offices and fire his own regulators, all while exfiltrating data on the populace, is only allowed to go on for a maximum of six months.
  - bdangubic 1y ago
    following the news though I don’t think the law matters much anymore in the US of A…
    - Analemma_ 1y ago
      I'm pretty sure the parent's comment should be read as extremely sarcastic.
  - foobarian 1y ago
    What law exactly, though. If a president wants some IT work done, they should in theory be able to delegate to an arbitrary contractor. And that contractor could be empowered to implement the executive's dictates.
    - mullingitover 1y ago
      Title 18 of the United States Code, Section 202(a). As a Special Government Employee he's not allowed to work more than 180 days out of 365 (and this > they should in theory be able to delegate to an arbitrary contractor Nothing stopping them, as long as they're able to follow 41 U.S. Code § 2303 regarding conflicts of interest. I know it's controversial right now, but I'm going to come out and say it: corruption is bad. We shouldn't be allowing companies to run amok and capture their regulators. That's putting unelected corporations in power over the people, which will not end well.
  - insane_dreamer 1y ago
    > by law we are well past the point where _by law_ matters to this Administration

Analemma_ 1y ago

That doesn't mean much by itself: the entire market is up after-hours because Trump is surrendering on the China tariffs.

Zigurd 1y ago

It was up ahead of the earnings call, too. To see one reason why, go to YouTube and search "Tesla earnings." You get 20 channels of stock touts you've never heard of and wouldn't trust to estimate the price of pizza.

rsynnott 1y ago

Trump blinked on tariffs, which of course muddies the waters. Though, also, after hours is _weird_, particularly on meme stocks/meme-stock-adjacent things like Tesla.