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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

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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

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[–] NIB@lemmy.world 13 points 1 week ago (1 children)

Crypto has shown us that valuation isnt connected in any way to reality, all you need is good vibes and belief. There are enough musk fanboys and musk has enough access to capital that if he wants, he can pump the stock to the moon.

We are at end game capitalism, capital is consolidated to such a degree that the market is no longer a market, it is a casino. And the people with the capital are no longer participants in the market, THEY ARE THE MARKET. And the house never loses.

Our only hope is them turning on each other but ultimately the endgame of capitalism is consolidation, not competition. Maybe if trump dies or becomes immensely unpopular, things will get interesting.

[–] HasturInYellow@lemmy.world 1 points 1 week ago (1 children)

There are other hopes that revolve around mass violence.

[–] iAvicenna@lemmy.world 2 points 1 week ago* (last edited 1 week ago)

Well now hold on there is no need for violence. We can discuss this with the billionaires over a nice dinner