13 comments

  • jml7c5 1 hour ago
    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...

    • j16sdiz 1 hour ago
      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

      • zamadatix 49 minutes ago
        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.

      • jml7c5 46 minutes ago
        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):

          GOOG  -2% (1 day)  +1% (5 day)
          META  -4% (1 day)  -2% (5 day)
          INTC -10% (1 day) -24% (5 day)
          NVDA  -9% (1 day) -13% (5 day)
          TSLA -11% (1 day) -13% (5 day)
          SPCX  -9% (1 day) -10% (5 day)
  • thelastgallon 59 minutes ago
    Tsla has a PE of 380 with YoY degrowth over multiple years and no prospects of growth.
    • gumby 2 minutes ago
      Last year Tesla sold 1MM cars in us+China and another 150K in Europe. In the same period BYD sold about 3 million EVs.

      Last MONTH (October) BYD sold 500K EVs. The US is propping up Tesla by keeping BYD out. I’ve driven several and they are great cars, much nicer than the aging Tesla line.

    • sejje 47 minutes ago
      What do you think about cybercab & the incoming ability for private owners to participate?
      • glenpierce 42 minutes ago
        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.
        • canucker2016 16 minutes ago
          I thought Apple canceled their car project - see https://carcody.com/apple-car-what-happened-to-project-titan...
        • Dig1t 30 minutes ago
          If you book a cybercab the price is significantly cheaper than an Uber or Lyft. You can book one to get across Austin for literally half the price of the competition.

          I took screenshots of the prices I have paid because I was so happy with only having to pay $7 to get across my city.

          Apple killed their car program years ago. I know because I work there.

          >aren’t interested in supporting musk anymore.

          That may be your personal political take, but there is no evidence that politics are slowing their growth in a meaningful way. There is still strong interest in Tesla products, products like Starlink are growing at an incredible rate, Starship launches command huge livestream viewership, there's an entire industry of Youtubers which break down and discuss the engineering and logistics of SpaceX rockets.

      • Dig1t 39 minutes ago
        I have ridden in a cybercab several times and they are omnipresent in my city. They work extremely well and are scaling quickly. "No prospects for growth" is a pretty wild take given the obvious new things they are building.
      • UltraSane 38 minutes ago
        Just hype and lies from Musk. He has been lying about self-driving cars for 10 years now.
        • Dig1t 28 minutes ago
          How is it a lie? You can literally book a self driving Tesla anywhere in the Bay Area or Austin. I see them driving around Austin every day.
          • UltraSane 6 minutes ago
            The hype and lies are about how profitable robotaxis will be and the claim that private people will be able to participate.
      • jrflowers 42 minutes ago
        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
        • sejje 1 minute ago
          Have you heard of starship or the model y?

          Those are at Musk's companies already.

      • 10111001 35 minutes ago
        > What do you think about cybercab & the incoming ability for private owners to participate?

        I think Elon Musk says a lot of things.

    • noduerme 53 minutes ago
      so you're saying it's the best meme stock ever?
  • tehologist 55 minutes ago
    Still wildly over valued, only time even remotely profitable is with government subsidies.
  • ipsum2 57 minutes ago
    What is this random website that has a single AI generated article
  • ungreased0675 49 minutes ago
    Lawfare is coming, everyone knows it.
    • UltraSane 29 minutes ago
      If you mean enforcement of laws then yes.
  • BenFranklin100 1 hour ago
    Tis’ a tragedy Musk can’t stay focused on building great companies instead of shooting his mouth off about politics.
    • rayiner 1 hour ago
      Is this advocating for a return to the pre-2020 status quo for corporate behavior?
      • BenFranklin100 43 minutes ago
        Haven’t a clue what you’re talking about.
        • rayiner 38 minutes ago
          I assume you're pining for the early 2000s when companies steered clear of talking about political issues.
          • darkwi11ow 7 minutes ago
            I live in Europe and here companies stay silent about political issues.
          • happytoexplain 8 minutes ago
            Musk is easily the most overtly political/shitposty business leader. Second place is so far behind it's not even clear who that would be.

            I'm not speaking for the parent, but clearly it's easy to lament Musk's overtness without implying that everybody is doing it to a similar degree.

      • noduerme 46 minutes ago
        Well, the proof is in the eating so we'll find out whether bluster is more valuable than performance.
  • for_i_in_range 58 minutes ago
    Never bet against Elon.
    • noduerme 48 minutes ago
      "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.
    • pacomerh 19 minutes ago
      I lost all respect for him given his idiotic involvement with the government. And other obvious things.
  • vayup 1 hour ago
    $420B can't be coincidence. Musk engineered the fall perfectly.
    • bch 1 hour ago
      Alternative target was$800Bs
      • hedora 56 minutes ago
        There’s always tomorrow.
    • contingencies 59 minutes ago
      Space lasers :) Pass the spliff.
  • ericd 57 minutes ago
    Nvidia lost more than that by itself…
  • etchalon 46 minutes ago
    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?
  • dmitrygr 1 hour ago
    so did everyone else. so?
    • bagacrap 1 hour ago
      Not I
    • Eji1700 1 hour ago
      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

  • aerodog 58 minutes ago
    [dead]