2 ms·
Tesla is facing stiff competition everywhere around the globe, they haven't launched a successful new product in over half a decade, they post some of the worst
by legitster 2y ago
Tesla is facing stiff competition everywhere around the globe, they haven't launched a successful new product in over half a decade, they post some of the worst results they have ever had, and somehow their stock went up today?
How much can longer can this reality distortion field hold?
- AnimalMuppet 2y agoThe stock would go up today if the market price reflected that they expected the news to be worse. (The price may still reflect a reality distortion field, though. But remember, the market can stay irrational longer than you can stay solvent.)
- legitster 2y agoI think the jump is on the news that Musk is going to be spending more time as CEO again... which seems like limited relief at best at this point.
- jordanb 2y agoIt seems like Tesla has gone from being a hype-based stock to being a hopium-based stock.
- AnimalMuppet 2y agoThe hope is that if Musk is spending more time at Tesla, he can hype it more effectively?