this post was submitted on 13 Feb 2024
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Lol. Tesla stock down 30% since June.
Tesla, seriously, that roaring sound that’s rising in pitch is y’all about to slam into the ground. Eject the dead weight already.
I mean, to be fair no one will be able to beat geely over the next decade.
BYD has been flooding the market lately
i dont thibk musk would self-eject
zooms out 5 years
Up nearly 800%
Yup, keep riding that baby down. I bought in 2011, sold 2021. Thanks for buying me a house!
Now I get to watch that child Elon fuck up this golden goose, and I don't have to lose money while I laugh!
Oh I don't own the stock. But you can't deny that it's been a great asset for anyone that got in early. Saying it's down 30% from 6 months ago without looking at the big picture is short sighted.
Also, fuck Elon
Ignoring that the market cap is higher than the combined market cap of all other car manufacturers, whilst producing not even half as many cars as VW alone, is also short sighted. The stock is vastly overrated and will correct itself one day. The question is just when that day is going to come
The stock is down 30% since June, if you want more context, it's lower now than it was January 2021. Meaning if you've been holding Tesla stock for 3 years, you are in the red. This In a period where inflation has also undermined the value.
Seems to me that a warning that Tesla might not be a good stock to hold anymore is in order.
https://finance.yahoo.com/quote/TSLA/
The big picture is that Tesla is really only worth 5-10% of the current market cap, when you compare to for instance VW.
My dude, even legacy stocks that pay dividends like fucking Costco and Microsoft are up 250+% the past 5 years. The market has been absolutely bonkers the past 5 years, and acting like Tesla is some incredible investment and not just a meme gambling stock is pretty hilarious.