Tesla has seen more than a third of its value wiped off the board since the start of the year
We can do better. Let’s tank this shit.
It’s still up 55% vs one year ago. Yeah it’s fallen from its post-election run up which peaked around the new year, but frankly it just looks like it’s gone back to pre-election value and trend.
Used prices are apparently tanking too because the used market is suddenly flooded by teslas. Saw a biker the other day knock on a tesla window at a light and give the driver the finger haha
Musk’s tears sustain me.
Tesla is far from alone in flashing the “death cross.” The S&P 500 and Nasdaq 100 both showed it as well on Monday, as the indexes continue to fluctuate in wild and somewhat unpredictable ways thanks to the endless uncertainty that the Trump administration has introduced to the market through its blanket tariffs and “will they, won’t they” exceptions that keep getting tacked on and taken off.
An individual stock hitting this point doesn’t really seem like that big a deal when indexes are getting there.
Lowest since November 2024. Still not good but it’s still mostly just wiping out what he gained when Trump took over… hope it keeps going
By coincidence it recently bottomed out at exactlyv that same level as just before the Trump election.
Then we had last week’s 26.7% bump for the not quite accurate tariff 90 day suspension.
It dropped a little when Trump said not all tariffs will be suspended (most will stay at 10%) and now has stayed steady ever since.
This article is stupid.
Imho most important quote:
But I have to be honest, as someone who is not fully immersed in the financial markets, the chart pattern reading kinda strikes me as astrology for guys in suits. Like, because the line displays a pendant shape, that means it’s primed to break out? What does that even mean?
No it’s Pennant. Like the sportsball trophy.
Ok, but it’s a quote.
oh no
anyway…
Nothing in that article even explained what a “death cross” is
Basically it is a “technical analysis” thing. Which basically means divination based on “shapes stonk line make”.
Death cross scary shape when stonk line cross other line
Second paragraph?
Tesla is just the latest to see the symbol of bearishness, which occurs when a company’s 50-day moving average crosses and drops below the 200-day average.
As an example,
https://assets.finbold.com/uploads/2024/06/What-is-a-death-cross--1024x631.jpg
Investopedia is a great resource for things like this: https://www.investopedia.com/terms/d/deathcross.asp
