- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
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the dreaded “death cross,” a historical indicator of a likely downturn for the company
[…] occurs when a company’s 50-day moving average crosses and drops below the 200-day average.
Fuck Tesla and all that, but holy shit is that standard ever a depressing indicator of to just how reliant late stage capitalism is on endless growth that a tiny dip after half a year of stagnation is a reliable indicator of a company’s imminent failure.
you can either have a system with loans and endless growth or a system where actual ownership is required and stagnation is allowed.
Fuck “stagnation”, how about “being satisfied”?
Capitalism supports Psychopathic behaviors. They don’t care about satisfied. They want profit at all costs. Even if it means killing you and your family. The gears of industry must be lubricated.
Investors want to make money, if it looks like they can’t then they are going to find a different company
That’s why Capitalism was so against people with wealth and so pro skilled labour
Here’s how it looks all time
I checked and TSLA is still up from where it was 6 and 12 Months ago, how is it in a death cross?
Unfortunately the stock seems fine to my.
it’s just a moving average cross. 50 day MA moves below 200 MA, that’s it. Can be a bearish sign but I’ve seen it bounce in this moment a bunch of times.
But technical analsyis is just drawing imaginary lines on a chart, they know nothing about how stupid Trump and Musk are so it might very well be bearish. At least I hope so. I want to see him get margin called at 114$ or so they say.
We can go lower!!!
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.
I feel this deep in my bones
Oh my God this is so f-ing true. It makes me think a lot of sociology classes I took in college where we’d talk about the artificiality of money how it’s only meaningful because we have collectively decided it is. The folks who try to make it all scientific with lots of elaborate analytics and complex charts are basically just engaging a social math exercise.
Money is an emotional thing. Do I believe that this coin / bit of paper / number on a website is something that I can exchange for goods and services? If not enough people believe that, that currency will collapse.
Mind you, not using money is inefficient at scale. Sending the bag of potatoes that I’ve grown in my garden this month to my internet provider for continued shitposting privileges only goes so far.
Money is an emotional thing. Do I believe that this coin / bit of paper / number on a website is something that I can exchange for goods and services? If not enough people believe that, that currency will collapse.
That’s not true at all. You know most of the reason why your currency works? It’s not based on tinker bell. It’s based upon the fact that the government collects taxes from you in it. It’s also based upon the fact that other countries will accept it as repayment of debt or face military consequences.
Now, stock prices are mostly irrational – though some companies do actually produce valuable goods and services and own infrastructure – I’ll grant you that. But belief has very little to do with USD being more than green-tinted paper.
Those are factors that create an expectation of value.
Expectation of stock value, sure, but also inherently valuable in that the services or products they provide are things that people value. For instance, a utility company that owns electrical plants and produces electricity and distributes it provides an inherently valuable service. Who pays for that is a separate concern, as is the stock price, but the service itself is valuable.
There’s no definition of “inherently valuable” which doesn’t rely on arbitrary axioms. Especially because no amount of inherentness can guarantee a minimum price.
Do you find food valuable? Clothing? Shelter?
Some things are valuable because we’re frail creatures who need stuff in order to survive. I don’t believe in gatekeeping those vital things behind a monopolistic mega-corporation but my country sure as hell does. The monopolistic mega-corporations that provide human necessities become inherently valuable by proxy.
astrology for guys in suits
Naw they already made that, it’s called the “Myers-Briggs Type Indicator”.
And apparently my team at work. It’s more of a curiosity (oh, you’re somewhat extroverted? Interesting!), and it gives us a chance to ask questions to get to know a new hire.
If you’re making actual decisions based on the MBTI test, then that’s on you. But it’s kinda fun to compare.
It’s used widely for actual hiring decisions. If you’re qualified for a job but they want an INTJ but you’re an ENTJ according the overgrown Facebook quiz, you get a rejection letter.
It’s unethical as fuck, and absolutely rampant in corporate America.
Now, as a team building exercise or role play to get to know potential clientele, yeah no harm.
Wow, really? We only do it like a couple weeks after hiring, and you can respectfully refuse. We just do it as a “get to know you” meeting so we can get the team familiar with the new hire.
Yeah, some employers are really stupid about it. They treat it like a crystal ball. I’m not an expert in psychology, so the best I got is second-hand insight, but one of the perks of working in a hospital is I get to routinely pick brains that are a lot smarter than mine, to include a couple of psych PhD’s: ask them about the Myers Briggs and they immediately start ranting about how it’s pseodo-science bullshit. And some doctors do rant about shit outside their scope of expertise, which pretty well puts them at the same level of idiocy as the rest of us (i.e., if your ortho doc starts raving about how vaccines cause autism, the MD on his badge carries literally zero weight: he knows the fuck out of bones, but until proven otherwise it’s best to assume he got his education on vaccines from Fox news). But when experts in psych bitch about psych stuff, I take that at face value.
No such thing as a death cross for a company that is now embedded at the highest level of the federal government. Don’t get too excited, ass hat and the swasticars aren’t going anywhere. If you havent dumped your Tesla yet, get fucked at this point.
Plenty of Teslas were bought before most people had any idea that Elon was a fascist sociopathic asshole. Not everyone who bought one can afford to just dump a functioning vehicle with shitty resale value. Anyways, we don’t really want to see every Tesla on the road retired at the same time, so somebody will be driving them.
Cybertrucks are a bit different in my estimation. Anyone who bought a Cybertruck should have known who they were buying it from. Those owners bought that car to signal something, and I think it’s fair to let them know that the signal was received.
There is only so much they can do to prop it up. If noone is buying them, and noone wants the stock, its going to go down short of the govt literally buying the stock and handing it over to musk.
That unfortunately would not surprise me. How sad.
Tesla could literally never sell another car again, and it wouldn’t matter as long as people continue to buy the stock.
It’s been wildly over priced for a very long time, so clearly the people who are keeping it afloat aren’t interested in whether the company is actually profitable or not.
Cyber truck USPS fleet vehicles.
I could see this administration contracting for 100k cybertrucks for the USPS right before shutting down the USPS.
I would like to remind everyone, as people seem to keep forgetting, Tesla means nothing to Elon. It could go to zero and it wouldn’t affect him.
Twitter, or X, means nothing to Elon. It could collapse and shut down and it wouldn’t affect him.
SpaceX is his baby. Nothing even comes close. Starlink alone guarantees he will always be one of the richest men in the world.
That’s a testable hypothesis: burn Tesla, Twitter, SpaceX etc to the ground. We can measure his reaction to each, and compare.
No, he cares for Twitter.
SpaceX lets him pretend he’s some great tech genius, but Twitter is what gives him the validation he craves. All the pro-Elon bots and stans there who fellate him feed his narcissistic desire to be loved.
That’s why he “sold” Twitter to xAI. So if Tesla does tank hard enough and he gets margin called, he can’t be forced to sell Twitter to cover it.
Isn’t this a ponzi sceme? He uses his starlink as his SpaceX customer. Without Starlink, SpaceX would be a lot less profitable.
Which is probably why he wants to hollow out NASA and have SpaceX take their place.
It could go to zero and it wouldn’t affect him.
He leveraged his Tesla stock to buy Twitter. If the stock drops below a certain price, the banks will confiscate the stock. If it’s not enough to cover, they’ll confiscate Twitter.
But maybe I’m wrong. I would love to find out either way.
That’s why he “sold” Twitter to xAI. It’s no longer “his”, so he can’t be forced to sell it. Loopholes within loopholes, it’s the billionaire way.
Yes. But didn’t the entire stock market (SPY) do the same thing on the daily chart?
But if they specifically call out Tesla, they get more clickbait engagement, plus it now qualifies as a tech story! Double win!
They actually lampshade this further down the article, at the point where clickbaiting has fulfilled its goal.
It’s almost nostalgic being mildly annoyed at some slightly sub-par journalistic ethics displayed by Gizmodo and company. Feels quaint and nostalgic now. I honestly didn’t know Gizmodo was still running, if I’m perfectly honest. It’s been quite the decade.
"…the dreaded “death cross,” a historical indicator of a likely downturn for the company.
"Business Insider called out the event, which has been hitting the stock indexes of some major players over the last couple of weeks as tariff trouble has hit just about everyone. 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.x
The fact it’s still at $250 per share as of writing this is still alarming af.
Yeah, it’s absurd.
- The CEO is nearly universally reviled.
- They have the worst build quality of any vehicles sold in the USA.
- They are notoriously unsafe.
- They had to stop selling Cybertrucks because they had 8 recalls in a row and are literally held together with glue
- They were just hit with the most expensive recall of all time on their self driving bullshit.
- They are underwater in Europe & China.
- I probably have forgotten something.
The earnings call on the 22nd should be very interesting.
You forgot:
- Caught numerous times deliberately misleading the public about build quality, safety, and features (current and upcoming).
- Bizarre ergonomics that contravene many existing safety standards (e.g., the brake lights on the Cybertruck).
- CEO uses his influence for stock manipulation, regularly
- Notorious racist corporate culture that also denigrates women and other ethnicities
- 99% of their profits come from the resale of carbon credits. They have only made a profit off cars for roughly 2-3 quarters in their history of existence.
I’m sure I’m forgetting a bunch of other stuff.
Edit: Here’s one right off the press, still hot: https://arstechnica.com/cars/2025/04/tesla-makes-its-cars-lie-about-their-mileage-lawsuit-claims/ 😆 🤦♂️
