3 ms·
Genuine question: what is driving the stock that high in contradiction to the news ?
by b_zak 1y ago
Genuine question: what is driving the stock that high in contradiction to the news ?
- johannes1234321 1y agoAssuming "the market" to act "rational" (which can be questioned to some degree in that case - there is hype and the Musk-Factor ..) the driver is that the news may still be better than the prediction: If everybody two days ago assumed a decline of sales by 30% the stocks dropped back then, then real numbers come and decline is "only" 14% they raise again as the bad news are still better than assumed. (The 30% is just an arbitrary number)
- Spooky23 1y agoElon does alot of manipulation of the stock. Also, the market is kind of shell shocked and has no idea wtf to do.