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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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[–] Raiderkev@lemmy.world 7 points 1 week ago

https://www.reddit.com/r/options/comments/hk7nqe/tesla_infinity_call_gamma_squeeze/

Elon found out how to juice his own stock years ago. If you understand how options work, see above now 5 year old post. It never made any sense that TSLA was more valuable than it's next 10 competitors combined.

In a very basic sense, he (allegedly) buys a bunch of contracts saying he will buy at a higher price, which makes the market maker have to buy stock to hedge, then he dumps some kind of news to get the stock pumping and make the MM buy more stock, and drive price up. I'm sure he's doing it through 50 shell companies so it doesn't get back to him, but as someone who does trade and has watched this stock the last 5 years, run completely afoul of logic, it makes complete sense. He also fills wsb with bots and shills to pump up TSLA and more importantly, buy OTM calls.