Until March 10th, the Tesla stock dropped dramatically to a low of $222.15, and the articles posted that day were reasonable. Honestly, it was lower last spring at $142.05 in April 2024. Everything after March 10th were not reasonable or reflective of reality.
As of today the stock sits at $287.99, nowhere near its peak but still overvalued as living fuck.
Yet somehow, we’ve had two fucking solid weeks of “Tesla stock dropping” news articles while the stock has been slowly creeping back up.
All those articles just serve as wishcasting for people who don’t like Musk.
I fucking hate Musk, but what I hate more is ignoring reality around you. That’s what MAGA idiots do.
I had the stupidest arguments with people who kept saying that it was rising didn’t matter. Why not? He’s still way up in terms of valuation from just a year ago, and it’s still rising, no matter what bullshit fantasy we want to tell ourselves because we reasonably fucking hate Elon Musk.
Anyway, the stock is probably being juiced by Russia and Saudia Arabia. ¯\_(ツ)_/¯
What follows are some examples:
March 10th: https://www.cnbc.com/2025/03/10/tesla-shares-plunge-14percent-head-for-worst-day-in-five-years.html
March 17th: https://www.barrons.com/articles/tesla-stock-price-musk-ai-model-y-10b333a4
March 19th: https://www.cnn.com/2025/03/19/business/elon-musk-tesla-stock-nightcap/index.html
March 21st: https://www.axios.com/2025/03/20/tesla-musk-lutnick
March 23rd: https://finance.yahoo.com/news/tesla-stock-tanked-hard-no-161417378.html
The same thing happens with any stock which people don’t like. Same thing happened with the Anheuser-Busch stocks during the whining about corporate pandering.
From April to October 2023 when the “boycott” started, their shares fell ~15%. By December, they were back to where they started.
Most news is not news, just emotional clickbait. I find Reuters and AP News take a fair bit (but not all) of the emotion out and make for a less triggering read.
The difference here is that half of Tesla’s inflated value is based on musk’s personal brand. If he left the company when it was at 400, it would’ve dropped then too. All we have seen so far is musk’s personal brand drop.
I mean to be fair, having the CEO of a company who can significantly influence national policy is worth a hell of a lot of value!
Lol, indeed. If only Tesla manufactured oversized pickups with truck nuts.
But sadly, his products target a demographic that isn’t thrilled with his doge work.