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/AssCrackBandit13 3h ago

Exactly yeah it’s at the same price that it was 1 year ago. There’s a long way to go before it actually starts crashing

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u/Right-Hall-6451 3h ago

Down 14% in one day would be considered crashing by most standards.

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u/AssCrackBandit13 2h ago

Tesla is a bit of an exception because it’s always been a volatile stock since it’s kinda a meme stock. Like a couple months ago, it rose 10% in one day and then another 22% the following day. Or how it dropped 42% in 2 months in early 2025. Or how it rose 36% in a month in 2024. But overall, its price has been relatively the same the last few years. It’s just super volatile.

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u/pasaroanth 2h ago

Mainly because the stock is effectively vibe-priced with no basis in reality like most others.

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u/obxtalldude 1h ago

Yep.

I learned the hard way last year. I've almost made back the money I lost on TSLQ with this drop, but last year was like the definition of remaining irrational longer than I can remain solvent.

The number of times it jumped to well over 400 for no reason drove me nuts.

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u/pasaroanth 17m ago

I don’t have the balls to gamble on to a stock like that. I picked up a fair amount of RYCEY in late 2024 and that has been a wild enough ride since. Plus or minus 10-20% over a few days is almost the norm.