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All the articles about the Tesla stock dropping after March 10th were just wishcasting.
(lemmy.blahaj.zone)
this post was submitted on 26 Mar 2025
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Unpopular Opinion
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Stocks never just plunge straight to zero. Stocks in decline can have many bounces on the way down.
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.