• EdibleFriend@lemmy.world
    link
    fedilink
    English
    arrow-up
    157
    ·
    7 months ago

    The electric car company thats pissing off left wing people on a daily basis is failing? But…the right LOVES renewable energy…how can this be?!

    • 🇰 🌀 🇱 🇦 🇳 🇦 🇰 ℹ️@yiffit.net
      link
      fedilink
      English
      arrow-up
      45
      ·
      edit-2
      7 months ago

      Put gas tanks on Teslas so they can hold gasoline, and the driver can buy gasoline, but it’s not actually burned in the operation of the car. Only if the battery catches fire and the whole thing explodes.

    • Guest_User@lemmy.world
      link
      fedilink
      English
      arrow-up
      9
      ·
      7 months ago

      Not sure saying the company is failing is accurate. Their stock is up 10% today on their news. That’s a bonkers one say jump for a company this big.

      • Miaou@jlai.lu
        link
        fedilink
        English
        arrow-up
        10
        ·
        7 months ago

        Would you have called GameStop a thriving company before GME? Stock market and reality do not always align.

        • Guest_User@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          7 months ago

          Would I call GME a thriving stock before the hype? I do think their stock price was a little undervalued before the hype, and I think it’s a little over valued now. I certainly agree stock price is not always 1:1 of a company’s health, but it is a fantastic indication for outsiders. But to say telsa is failing because of this news I think is incorrect. Also, to say their stock is doing poorly by any metric I would also say is incorrect. I’m no Wallstreet broker though.

            • Guest_User@lemmy.world
              link
              fedilink
              English
              arrow-up
              1
              ·
              7 months ago

              Fair enough. If you really are that confident then buy some short positions and rake in the cash! I’m done playing those games as it’s too volitile and I’m too bad lol mutual funds for me because I can admit I can’t see the future of companies

              • SkyeStarfall@lemmy.blahaj.zone
                link
                fedilink
                English
                arrow-up
                2
                ·
                7 months ago

                The whole point is that the market’s irrational, why would I buy shorts and basically gamble away my money? The literal point of this thread chain is that the stock value is disconnected from real-world practicality.

                • Guest_User@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  ·
                  7 months ago

                  That’s my point with my last comment. It would be gambling because no one can really tell where the company is going. People say they know company X will go up or down but never put their money where their mouth is. If a company fails, the stock will go down. If the company does well, the stock will go up. Absolutely the relationship between company health and stock valuation is a bit blurred, but they are clearly closely related.