- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
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Still $100 above what it was a year ago, this is more bullshit wishcasting. It was $157 this time last year. Sits at $254 right now.
What even are these articles?
I fucking hate Tesla but I hate living in a fantasy land when your oppressors “are just about to get their just desserts… it’s just around the corner… we promise.” It’s a joke of a fantasy preying on people who justifiably want to see these power hungry morons suffer as much as all the people they purposefully hurt.
Tesla is going to fall hard for a very simple combination of reason:
- It’s a meme stock, with 0% dividends and the P/E of a startup despite being 20 years old.
- It’s not going to miraculously start making money, when the worldwide sentiment is to let it burn (sometimes literally).
Considering the Elon an oppressor or not, has nothing to do with it. Personally, I’m saddened by the fate of SpaceX engineers once the Elon loses the virtual backing that those fantasy TSLA shares are giving him.
Okay, sure, that’s all valid, but that means nothing when it comes to endless articles wishcasting about the current price. I’ve seen these articles for almost two months now, when Tesla hit its lowest point in 2025 on March 10th. Sure, this could be a dead cat bounce, but until it actually starts crashing, it isn’t anything other than wishcasting.
I’ll give a damn when it drops lower than its lowest point in January of 2023 at $113. It’s got a loooong way to drop before it passes that point. Below that is when the stock will potentially become terminal. Tesla is rigged and being floated by foreign interests, and it’s going to take a lot for it (and the rest of the market, frankly) to come back down to reality. Talking about the reality of how useless Tesla is has almost fuck-nothing to do with how the market acts anymore.
What’s that saying? “The market can stay irrational longer than you can stay solvent.”
I’ve always suspected these are attempts at stock manipulation. Release scary news, make the stock go down, buy, stock rebounds quickly as the scaremongering dissipates, sell.
The most mentally-challenged businessmen love pump and dump (and the reverse in this case) because it doesn’t require any talent whatsoever, just insider trading.
Used prices are apparently tanking too because the used market is suddenly flooded by teslas. Saw a biker the other day knock on a tesla window at a light and give the driver the finger haha
Nothing in that article even explained what a “death cross” is
Second paragraph?
Tesla is just the latest to see the symbol of bearishness, which occurs when a company’s 50-day moving average crosses and drops below the 200-day average.
As an example,
https://assets.finbold.com/uploads/2024/06/What-is-a-death-cross--1024x631.jpg
I found a definition.
The “death cross” market chart pattern refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity, or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving averages are the 50-day and the 200-day.
Basically it is a “technical analysis” thing. Which basically means divination based on the “shapes the stonk line make”.
Death cross scary shape when stonk line cross other line you draw
Investopedia is a great resource for things like this: https://www.investopedia.com/terms/d/deathcross.asp
Lowest since November 2024. Still not good but it’s still mostly just wiping out what he gained when Trump took over… hope it keeps going
Lowest it was in 2025 was on March 10th and it’s been slowly creeping back up since then.
When Trump tweeted it’s a good time to invest, a lot of people assumed it would be a pro Tesla move. Tesla went up 23% in a day.
Imho most important quote:
But I have to be honest, as someone who is not fully immersed in the financial markets, the chart pattern reading kinda strikes me as astrology for guys in suits. Like, because the line displays a pendant shape, that means it’s primed to break out? What does that even mean?
