Current Events > What the hell is happening to Tesla stock?

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Cocytus
09/09/20 3:26:55 PM
#1:


https://www.cnn.com/2020/09/09/investing/tesla-stock-news-september/index.html

"4. S&P 500 snub
S&P Dow Jones Indices announced on September 4 it's adding three new companies none of which were Tesla, the most valuable automaker on the planet.
The S&P 500 index is one of the most important stock market indices, considered a key benchmark tracking the success of America's largest publicly traded companies.
Despite losing about $100 billion in market cap since then, Tesla is still worth more than Toyota, Disney and Coca-Cola. "In a nutshell Tesla not getting into the S&P 500 will be a head scratcher to the bulls that viewed this as virtually a lock given all the parameters met," Wedbush analysts wrote in a note."

There seems something funny going on here...
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awesome999
09/09/20 3:29:09 PM
#2:


Musk is cool but Tesla will drown or at least be a niche competitor in a few years, the company had very little substance and what leverage they had they gave away

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Damn_Underscore
09/09/20 3:29:25 PM
#3:


I think they are aware it's a meme stock

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Austin_Era_II
09/09/20 3:29:59 PM
#4:


I heard it's because there profits haven't been going up regularly each month. The last few quarters it has.

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MCMLXXXV
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#5
Post #5 was unavailable or deleted.
JuanCarlos1
09/09/20 3:31:34 PM
#6:


Does it really deserve it now? When its jumped 4 times what it used to be worth back in march and its appreciation is mostly based on speculation that theyll actually deliver what they promise? When you have a ceo willing to tweet to undermine its own company? Yeah I would cash out and spend it on smaller companies with bigger prospects for growth.

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Mas dicen, que en las dimensiones de nuestro ser... hay muchos detalles por conocer...
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Austin_Era_II
09/09/20 3:34:03 PM
#7:


Driverless cars are too expensive for the average person plus there's many headaches if the car breaks down.

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Currently playing: God of War III
MCMLXXXV
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Squall28
09/09/20 3:34:42 PM
#8:


Damn_Underscore posted...
I think they are aware it's a meme stock


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You can't go back and change the beginning, but you can start where you are and change the ending.
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Cocytus
09/09/20 4:04:47 PM
#9:


Austin_Era_II posted...
Driverless cars are too expensive for the average person plus there's many headaches if the car breaks down.

That's true.
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dcn2424
09/09/20 5:08:28 PM
#10:


PlCCOLO posted...
tesla is bitcoin

Nice!
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FL81
09/09/20 5:10:00 PM
#11:




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Thanks to Proofpyros for the sig images
https://imgur.com/Nv4Pi1v https://imgur.com/N43HJYv
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Cocytus
09/09/20 10:50:07 PM
#12:


FL81 posted...
Oooohhhhh lol
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Krojen
09/10/20 12:48:42 AM
#13:


  • Tesla digs a moat so deep around the future of logistics and energy that it's even making Bezos cry "no mas"
  • Stock soars in recognition of this
Tesla shorts: Well what about forward p/e and valuations based narrowly on last year's car sales :'( guyyyss what about Elon being weird on twitter or bitcoin :''''( guyyss pls

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LikeImmolation
09/10/20 1:38:21 AM
#14:


Tesla is not a blue chip stock, it's a fly-by-night and also fuck Elon Musk. Fake ass punk.

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I agree, time to start kidnapping US citizens in unmarked cars again like last time. That oughtta show 'em -AFrench2
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LikeImmolation
09/10/20 1:40:21 AM
#15:


Austin_Era_II posted...
Driverless cars are too expensive for the average person plus there's many headaches if the car breaks down.
A guy crashed and died last year in a Tesla on auto-drive. So yeah

https://www.nbcbayarea.com/news/local/south-bay/ntsb-driver-in-fatal-crash-was-playing-video-game/2241566/

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I agree, time to start kidnapping US citizens in unmarked cars again like last time. That oughtta show 'em -AFrench2
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awesome999
09/10/20 1:54:25 AM
#16:


LikeImmolation posted...
A guy crashed and died last year in a Tesla on auto-drive. So yeah

https://www.nbcbayarea.com/news/local/south-bay/ntsb-driver-in-fatal-crash-was-playing-video-game/2241566/
To be fair people die in human driven vehicles all the time. If you were to plot the deaths per person mile in 2019 let's say, autonomous vehicles already have us beat. And the tech is only gonna get better and cheaper, really fast
And I don't like it either, I love driving, especially manuals. But when it comes to commuting, driverless is miles better. The only prohibitive thing now is cost and it's gonna fall

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Love is a lie guys, there's no such thing, might as well be a soulless hedonist.
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Rika_Furude
09/10/20 1:58:07 AM
#17:


LikeImmolation posted...
A guy crashed and died last year in a Tesla on auto-drive. So yeah

https://www.nbcbayarea.com/news/local/south-bay/ntsb-driver-in-fatal-crash-was-playing-video-game/2241566/
Thats news because its such a rare event. Like almost nobody in america cares about mass shootings, school shootings etc any more because its a daily event and nobody over there cares. But when a shooting happens in australia or new zealand its world news. A self-driving fatality is big news because its so rare

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Cocytus
09/10/20 11:52:18 PM
#18:


Man they sound sketchy more and more every day.
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LikeImmolation
09/11/20 12:06:18 AM
#19:


Rika_Furude posted...
Thats news because its such a rare event. Like almost nobody in america cares about mass shootings, school shootings etc any more because its a daily event and nobody over there cares. But when a shooting happens in australia or new zealand its world news. A self-driving fatality is big news because its so rare
Look everyone, it is Elon Musk here to market his cars.

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I agree, time to start kidnapping US citizens in unmarked cars again like last time. That oughtta show 'em -AFrench2
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Solid Snake07
09/11/20 12:13:23 AM
#20:


It was excluded because it's insanely overvalued

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"People incapable of guilt usually do have a good time"
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YellowSUV
09/11/20 12:14:11 AM
#21:


"Too high imo" - Elon Musk

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We all live in a Yellow SUV! a Yellow SUV!
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Prismsblade
09/11/20 12:16:05 AM
#22:


It beyond overvalued as fuck. Its stock being worth more then Microsoft, walmart, or apple made no sense at all.

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Perascamin
09/11/20 12:19:37 AM
#23:


Austin_Era_II posted...
Driverless cars are too expensive for the average person plus there's many headaches if the car breaks down.
Electric Vehicles are a lot less likely to break down in the sense that regular, combustion-based vehicles do.

In a combustion engine, your vehicle will break down from bad coil packs, bad spark plugs, bad fuel pump, timing gear going out, warped/clogged piston, water pump going out, bad transmission, etc etc.

Electric Vehicles eliminate the entirety of these problems and the only area of failure becomes the battery itself and keeping up with changing out brake pads/fluid. No oil or any of the other bullshit attached to combustion vehicles

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nexigrams
09/11/20 12:20:29 AM
#24:


YellowSUV posted...
"Too high imo" - Elon Musk

Honestly this. I'd be highly skeptical of indexing any company that outright admits to being overvalued. Not to mention everything about Elon Musk screams snake-oil salesman.

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Solid Snake07
09/11/20 12:26:11 AM
#25:


YellowSUV posted...
"Too high imo" - Elon Musk


Tesla is trading over 100% higher since Musk tweeted this back in may

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"People incapable of guilt usually do have a good time"
-Detective Rust Cohle
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Krojen
09/11/20 12:37:21 AM
#26:


Prismsblade posted...
It beyond overvalued as fuck. Its stock being worth more then Microsoft, walmart, or apple made no sense at all.
That's okay because Tesla's stock has never been worth anywhere near as much as Apple and Microsoft.

nexigrams posted...
Honestly this. I'd be highly skeptical of indexing any company that outright admits to being overvalued. Not to mention everything about Elon Musk screams snake-oil salesman.
Musk made that tweet during one of his mental breakdowns. He was arguing with randos about him only caring about stock price. He had a fit and tweeted that to prove he doesn't care. Given that context I bought more then for ez quick gains.

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LikeImmolation
09/11/20 12:45:50 AM
#27:


Musk made that tweet during one of his mental breakdowns. He was arguing with randos about him only caring about stock price. He had a fit and tweeted that to prove he doesn't care. Given that context I bought more then for ez quick gains.

"The CEO is a psychopath...so like any other good investor I gave him money"

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I agree, time to start kidnapping US citizens in unmarked cars again like last time. That oughtta show 'em -AFrench2
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Krojen
09/11/20 12:50:28 AM
#28:


LikeImmolation posted...
Musk made that tweet during one of his mental breakdowns. He was arguing with randos about him only caring about stock price. He had a fit and tweeted that to prove he doesn't care. Given that context I bought more then for ez quick gains.

"The CEO is a psychopath...so like any other good investor I gave him money"
Every CEO is a psychopath. Musk being a strange dude doesn't change the strong position Tesla is in. All of my Tesla stock purchases aside from that day were during 2019 lows, so I'm used to hearing all the dumb bear takes.

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LikeImmolation
09/11/20 12:53:37 AM
#29:


Tesla is nothing and will be nothing in 10 years. It will be Yahoo.
SpaceX will fail to make any impact on space travel, the entire "outsource your innovation to capitalists and let us take care of it for profit" will crumble and Elon Musk will be a name akin to Kenneth Lay.

oh and And no other CEO in America - Not ONE - has been tweeting "Let me talk to the manager of California" during this pandemic trying to get people killed by being the first male Karen CEO in the US..

every CEO is a psychopath my ass

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I agree, time to start kidnapping US citizens in unmarked cars again like last time. That oughtta show 'em -AFrench2
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Krojen
09/11/20 1:02:20 AM
#30:


LikeImmolation posted...
Tesla is nothing and will be nothing in 10 years. It will be Yahoo.
SpaceX will fail to make any impact on space travel, the entire "outsource your innovation to capitalists and let us take care of it for profit" will crumble and Elon Musk will be a name akin to Kenneth Lay.
I'm a socialist that's already made 7 figures on the stock so I can only hope you're right. I'm not as optimistic as you tho. Boomers will blow up the planet before admitting defeat on vampire capitalism.

You know nothing about Tesla and I really appreciate people like you that allowed me to buy Tesla so cheaply.

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LikeImmolation
09/11/20 1:05:59 AM
#31:


I know that it's a joke of a stock ran by a guy who, if he were Black from South Africa, would be a nobody - but is white.

And I know you didn't make 7 figures (millions) off it. You know how i know?

If you were a millionaire - but still posted on Gamefaqs - you're the biggest loser in the history of the Internet.

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I agree, time to start kidnapping US citizens in unmarked cars again like last time. That oughtta show 'em -AFrench2
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LikeImmolation
09/11/20 1:07:47 AM
#33:


anyways be back later - back to reading Elon Musk tweet that he needs to talk to Gavin Newsome about opening California back up again. Then tweet "I took the Red Pill"

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I agree, time to start kidnapping US citizens in unmarked cars again like last time. That oughtta show 'em -AFrench2
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Krojen
09/11/20 1:08:27 AM
#34:


LikeImmolation posted...
oh and And no other CEO in America - Not ONE - has been tweeting "Let me talk to the manager of California" during this pandemic trying to get people killed by being the first male Karen CEO in the US..

every CEO is a psychopath my ass
Being a psychopath doesn't require twitter meltdowns. I assure you that many more CEOs than Musk were putting their company ahead of lives. I'd say just about all of them are.

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LikeImmolation
09/11/20 1:11:04 AM
#35:


I dunno what is going on here at this point - are you fucking Elon Musk himself or something? Are you his brother?

And especially after posting "I am a Socialist" lmao. Heck, maybe you ARE him. That's something he would Tweet.

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I agree, time to start kidnapping US citizens in unmarked cars again like last time. That oughtta show 'em -AFrench2
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Flintlock_Staff
09/11/20 1:21:14 AM
#36:


FL81 posted...
Ngl that's actually a really nice pic
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