Comment on Tesla Stock Price Reaches 'Death Cross' Status
jarfil@beehaw.org 2 weeks agoTesla is going to fall hard for a very simple combination of reason:
- It’s a meme stock, with 0% dividends and the P/E of a startup despite being 20 years old.
- It’s not going to miraculously start making money, when the worldwide sentiment is to let it burn (sometimes literally).
Considering the Elon an oppressor or not, has nothing to do with it. Personally, I’m saddened by the fate of SpaceX engineers once the Elon loses the virtual backing that those fantasy TSLA shares are giving him.
SnotFlickerman@lemmy.blahaj.zone 2 weeks ago
Okay, sure, that’s all valid, but that means nothing when it comes to endless articles wishcasting about the current price. I’ve seen these articles for almost two months now, when Tesla hit its lowest point in 2025 on March 10th. Sure, this could be a dead cat bounce, but until it actually starts crashing, it isn’t anything other than wishcasting.
I’ll give a damn when it drops lower than its lowest point in 2023 at $113.