this post was submitted on 13 Jan 2024
141 points (87.7% liked)
Technology
59598 readers
3457 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Tesla definitely sucks, but headlines like this are so useless. Check out a 5 year chart. Tesla stock hit a 2 year low at the beginning of last year…. that was significant, down to 120. Then it recovered to a fairly average price, where it’s been since then (this made musk the person to “lose” and “gain” record amounts of wealth in a short time). The recent dip hasn’t been extremely significant…. It’s like 245 to 217.
Yes, this "dip" is back to where they were on November 10, 2023, leaving the stock worth 66% more than it was a year ago.
The price ain't right.
Your argument assumes that the price of the stock is fundamental, rather than partly speculative. I don't think that's a fair valuation of Tesla stock due to the ability of Musk to drum up speculation value.
Oh, it’s still wildly overvalued. Tesla is worth more than half a dozen other automakers combined, and I don’t see any reason for that. I’m just saying the current price doesn’t really represent a large drop.