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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTesla stock
I find it both illogical and honestly frustrating that Tesla stock is up right now. I mean it's quarterly report was awful, sales are down and it's taking a truly brutal beating in Europe and other areas of the world.
Yet it's stuck is up, a lot, today.
Not to mention the stock market in general, with huge tariffs an unstable market, both the Dow and the S&P 500 are up big today. I guess I just need to give up on the notion that the market place is self correcting. It's not. The system is heavily manipulated by just a handful of organizations that use it as a both piggy bank and as a way to launder money.

AltairIV
(812 posts)It's called manipulation.
Alice B.
(466 posts)Like the brands not still going to be toxic after Wisconsin, and he flounces back home again *eyeroll*
Kid Berwyn
(19,730 posts)NAZI guy sold X back to his other company, xAI, not to be confused with his kid, x ae 12 something.
True Dough
(22,511 posts)to investors and analysts expecting even worse sales figures. That was a really bad quarter, but some were projecting far fewer units moved. So now some are thinking if that was the worst of Elon's damage, there might be upside from here. They're looking at it as risk assessment for profit, not based on morals or scruples, of course.
Tootbsb
(84 posts)Silent Type
(8,843 posts)of Musk and Tesla. I wouldn't buy that chit, even if I had the money.
Bluethroughu
(7,086 posts)attacking the people of the US, and world with his deplorable thinking.
617Blue
(1,842 posts)chia
(2,523 posts)Mr. Sparkle
(3,385 posts)genxlib
(5,856 posts)The 25% tariff on imported cars will kill the car market. Tesla is made in the US.
Setting aside the ginormous conflict of interest, this does benefit him greatly on paper.
I don't know whether it will actually matter considering how much he is pissing on the the only people that were inclined to buy electric vehicles but that is the investing angle.
Mike 03
(18,323 posts)Within the last three days I've heard (probably on Bloomberg, but possibly elsewhere) that 60% of the components inside a Tesla vehicle come from overseas. I don't know if the tariffs will impact those components, but that was the answer I heard to this specific issue.
tinrobot
(11,511 posts)When the overall market is growing and your company isn't keeping up, that's a problem. Particularly when your company's stock is valued 10-20x that of every other car company.
Plus, any tariff related price drops will only go so far. Right now, people are dumping them on the used market at a loss to get away from the brand. A lower price won't lure them back.
Torchlight
(4,451 posts)used in all Tesla vehicles were imported, though the report did not specify their countries of origin. It also stated that 60% to 75% of the components were manufactured in the United States or Canada (ratio also unreported).
Given this, along with his nearly 15% decline in sales this quarter, I doubt hell be dancing a jig under the Eiffel Tower anytime soon.
Mike 03
(18,323 posts)news stories about Musk leaving the administration have caused a time-out in the dumping of the stock because investors or prospective investors believe that it signals Elon Musk's return to looking after his companies. But I would not assume that.
Besides, what the hell is he going to do with all these vehicles that people aren't buying?
I don't think he has maintained the attention span and concentration (or interest) necessary to properly run a company.
bluesbassman
(20,232 posts)There aren't enough MAGAts willing to go electric, and he's completely toxified the brand with the Left.
Rachel M at 6 pm
(144 posts)What I see during the third month resembles a fish flopping in shallow water, not a recovery
Bluethroughu
(7,086 posts)Millionaires.