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
Stocks never just plunge straight to zero. Stocks in decline can have many bounces on the way down.
A common occurrence is that while a stock drops it hits the trigger price for shorts, which can make it bounce
There’s always that comeback from the group of investors who think “NOW it has reached the lowest point, buy buy buy!”
The stock market is generally horrible, it is largely dictated purely by investors and the stocks themselves have no relation to value lest you specifically go looking for stocks that return dividends or provide voting share. If you invest looking at how a company is going to perform, you are going to lose, you need to look at how investors are going to invest. Investing has always largely been about “meme stocks”, it’s just that the name stuck when astroturfing stock investment hit social networks en masse.
There’s also short sellers who eventually have to buy the stock to fulfill their obligation. A stock in terminal decline can go through many rounds of short selling which creates these bounces.