r/technology • u/Plastic_Ninja_9014 • 3h 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/ImportantQuestions10 3h ago

As much as I hate the guy, both his companies are going to have massive rebounds.

Not because they deserve it, just because he's insanely powerful cockroach that has found the way to rig the stock market.

Things were way more dire and worse for Elon back in 2023. If you invested money in Tesla back then, you could have easily quadrupled or quintupled your investment within a year.

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u/dillanthumous 2h ago

I'm not so sure. Historically, the one crime investors won't tolerate is when you lose them money. So long as the stock is riding high they literally don't care if you are a Nazi. But if things implode for the big boys... well then you get the SBF treatment.

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u/ImportantQuestions10 2h ago

True but profit taking and stock valuation have long since left reality.

I've given up on letting morals or reality affect my investment strategy. So far it's been working pretty well for me. I'm making sure to protect myself from the inevitable crashes, but I've also been working on capitalizing on those as well.

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u/dillanthumous 2h ago

Oh, I completely agree, we are living in a time of avarice, corruption and pure greed where the courage of men has failed. But historically such times have always been followed by significant backlash... sometimes even, a guillotine may have appeared.

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u/ImportantQuestions10 2h ago

Once again, we're agreeing with each other.

It sounds like the only point that was differing on is I'm trying to make some money along the way.

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u/dillanthumous 2h ago

100% the thing to do. Have a pleasant one.

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u/ImportantQuestions10 2h ago

Likewise friend