As much as I think TSLA/SPCX are overvalued there is nothing unique about their drop compared to many other companies in the last day or two. I wouldn't even hazard a guess on whether the floor has fallen out on anything yet, it could just as well be a temporary reaction to the election results and volatility following the uncertainty of that for these types of companies.
Of course one can always pick a set of tickers and day ranges that make it seem like any trend if you filter the view enough.
We already have uber and Lyft and taxis and our own cars and some other self driving things and bikes… and isn’t Apple supposedly coming out with a car sometime? This isn’t special and a lot of city dwellers aren’t interested in supporting musk anymore.
It is almost as exciting as the transmutation of base metals into gold, the panacea, and the elixir of longevity —- all of which I’m told are just around the corner at Musk’s companies
Are we really shocked when their entire IPO was predicated on AI the companies primary future revenue and American voters just told the market they're not gonna make that easy?
This analysis would be more convincing if other major tech companies hadn't fallen a similar amount today. It's a broad tech selloff.
Also, what's with this site? It only has a single article.
EDIT: Judging from the URL/title, it's some (AI-generated?) thing that reuses the title from https://www.reddit.com/r/technology/comments/1xow42o/tesla_a...
Similar amount?
GOOG -2% in 5 days
META -4% in 5 day
INTC -6% in 5 day
NVDA -9% in 5 day
TLSA -10% in 5 days
I think you mixed up 1 day and 5 day on a few of those. I think these are correct (they're just the Google search tickers):
AMD -17% in 1 day
ASML -9% in 1 day
AVGO -10% in 1 day
MU -17% in 1 day
NVDA -9% in 1 day
SKHY -13% in 1 day
TSMC -10% in 1 day
As much as I think TSLA/SPCX are overvalued there is nothing unique about their drop compared to many other companies in the last day or two. I wouldn't even hazard a guess on whether the floor has fallen out on anything yet, it could just as well be a temporary reaction to the election results and volatility following the uncertainty of that for these types of companies.
Of course one can always pick a set of tickers and day ranges that make it seem like any trend if you filter the view enough.
Tsla has a PE of 380 with YoY degrowth over multiple years and no prospects of growth.
What do you think about cybercab & the incoming ability for private owners to participate?
We already have uber and Lyft and taxis and our own cars and some other self driving things and bikes… and isn’t Apple supposedly coming out with a car sometime? This isn’t special and a lot of city dwellers aren’t interested in supporting musk anymore.
It is almost as exciting as the transmutation of base metals into gold, the panacea, and the elixir of longevity —- all of which I’m told are just around the corner at Musk’s companies
so you're saying it's the best meme stock ever?
Still wildly over valued, only time even remotely profitable is with government subsidies.
Lawfare is coming, everyone knows it.
What is this random website that has a single AI generated article
Never bet against Elon.
"I never bet against (Kirby? Ohtani?)" is a common phrase in baseball betting; usually a minor input that I should think about going the other way.
Tis’ a tragedy Musk can’t stay focused on building great companies instead of shooting his mouth off about politics.
Is this advocating for a return to the pre-2020 status quo for corporate behavior?
Haven’t a clue what you’re talking about.
Well, the proof is in the eating so we'll find out whether bluster is more valuable than performance.
$420B can't be coincidence. Musk engineered the fall perfectly.
Alternative target was$800Bs
There’s always tomorrow.
Space lasers :) Pass the spliff.
Are we really shocked when their entire IPO was predicated on AI the companies primary future revenue and American voters just told the market they're not gonna make that easy?
Nvidia lost more than that by itself…
so did everyone else. so?
Not I
Eh while you’re not wrong everyone else doesn’t have crazy P/E ratios and a personality cult as part of its price.
Will be interesting to see how Musk and his companies weather this storm