Tesla sales in Québec plunged 85% in the first quarter, mirroring sharp declines seen in Europe.
Canada has frozen $43 million in Tesla EV rebates due to Trump’s tariffs and fraud concerns.
Musk’s DOGE work sparked backlash, boycotts, and dealership vandalism across the US and Europe.
Yet, the stock price holds.
The stock market is a sham.
It’s always been an MLM.
Stock market as a whole is…okay I guess. These one-off, bulletproof companies are silly. It’s almost a religion and the people who hold the stock truly believe that Tesla is going to make automatic cars that will drive everyone while also making autonomous robots that will do everyone’s laundry and the current problems are nothing compared to the beliefs in the future. The value will hold until it doesn’t (eg, they finally need the money for today’s bills in a recession that cost them their jobs), and then the value will plummet to something that actually looks normal for the sales they are making at this time.
Until they need their money, they have the unshakable belief they will all be millionaires as soon as Tesla comes out with the world changing techs and has no competition. Should be any day now. Or maybe in 2 weeks.
The fact that it’s in the S&P500 also gives the stock some staying power that it otherwise wouldn’t have, because a lot of people indirectly hold shares of it in a way that they can’t easily dike out of their portfolio
If it were to ever exit the S&P 500, it would for sure fall pretty hard. Unfortunately, for that to happen, it would need to fall even harder first.
That’s what gets me. What stupid ass holes are holding this up? Let it fucking die. Maybe don’t tie up all your money with a neurotic criminal next time? What piece of shit idiot has their income riding on Tesla shares.
We probably won’t see much movement until the next earnings call. However I can tell you the drop is already priced in. TSLA puts are super expensive. 1 month put is $2200.
Citadel (Marketmaker) has been using TSLA as a liquidity hedge against GME. They control the price.
Their valuation was never based on car sales, theyre valued like a tech company. It’s a long term bet that their self driving and other tech will set them up for large profits eventually.
Really curious what you think the ‘sham’ is on the stock market and how it supposedly works.
They are dogshit as a tech company.
k