Unpopular Opinion

7051 readers

84 users here now

Welcome to the Unpopular Opinion community!

How voting works:

Vote the opposite of the norm.

If you agree that the opinion is unpopular give it an arrow up. If it's something that's widely accepted, give it an arrow down.

Guidelines:

Tag your post, if possible (not required)

If your post is a "General" unpopular opinion, start the subject with [GENERAL].
If it is a Lemmy-specific unpopular opinion, start it with [LEMMY].

Rules:

1. NO POLITICS

Politics is everywhere. Let's make this about [general] and [lemmy] - specific topics, and keep politics out of it.

2. Be civil.

Disagreements happen, but that doesn’t provide the right to personally attack others. No racism/sexism/bigotry. Please also refrain from gatekeeping others' opinions.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Shitposts and memes are allowed but...

Only until they prove to be a problem. They can and will be removed at moderator discretion.

5. No trolling.

This shouldn't need an explanation. If your post or comment is made just to get a rise with no real value, it will be removed. You do this too often, you will get a vacation to touch grass, away from this community for 1 or more days. Repeat offenses will result in a perma-ban.

Instance-wide rules always apply. https://legal.lemmy.world/tos/

founded 2 years ago

MODERATORS

admiralpatrick@lemmy.world

All the articles about the Tesla stock dropping after March 10th were just wishcasting. (lemmy.blahaj.zone)

submitted 1 week ago* (last edited 1 week ago) by SnotFlickerman@lemmy.blahaj.zone to c/unpopularopinion@lemmy.world

26 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[–] TheObviousSolution@kbin.melroy.org 17 points 1 week ago (1 children)

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.

[–] chonglibloodsport@lemmy.world 8 points 1 week ago

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.