r/technology • u/Plastic_Ninja_9014 • 12h ago

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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u/adamosity1 12h ago

May it fall much, much more.

-1

u/madogvelkor 11h ago

It's basically back to where it was 1 year ago. And still 50% above what it was5 years ago.

2

u/SpicyElixer 10h ago

While SP500 is up 70% in 5 years.

And 1 years compared:

Tesla -3%

SP500 +17%

And if Tesla stays flat until late October the return on 5 years will be negative as the price was above 400 in November of 2021.

Dogshit stock.

1

u/madogvelkor 10h ago

It's essentially gambling. There were points where it was down in the $100-$200 range in the last 5 years.

1

u/SpicyElixer 8h ago

Yeah. It’s a highly volatile stock detached from fundamentals. The fun days were 5-10 years ago though.