Did I Miss Something?...

[mrquackquack]

https://g.co/kgs/DjhD3Y
As usual any thoughts or comments are more than welcome.

[1715473393]

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[1715473393]

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[1715473393]

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[Strongkored]

Read this : https://finance.yahoo.com/news/tesla-50-billion-edge-reflects-025050968.html.

I'm quite agree with the article said

“There’s a recognition that Tesla is in a preeminent position in terms of EV technology,” Peter Rawlinson, the chief executive officer of Lucid Motors Inc., said in an interview Monday at the BloombergNEF Summit in San Francisco. “They’re even further ahead than has been reported, and I think the gap is widening, not closing.”

many had predicted that this would soon become a trend, so many began to buy their shares.

[thottum]

https://g.co/kgs/DjhD3Y
As usual any thoughts or comments are more than welcome.

Shares will always reflect both the good and the bad news immediately and price in the future impact of that news on the company financials. Tesla and Musk timed it perfectly predicting the future and started to deliver the cars while others are investing and researching on the EV cars segment. More than 200+ patents and industry-leading battery technology with fast charging where the rivals are way behind.

Several countries are subsidizing the purchase of EV vehicles to reduce pollution and global warming all these are reflected in the share price. We need to look into the order size, future cash flows, and fundamental analysis before making fresh investments at this level

[o_e_l_e_o]

Looks like TSLA is the newest altcoin, with swings of 20% up and down in under 24 hours.

I don't think you missed anything. I've not heard of any major news or developments which would effect TSLA. They are increasing production, but on track to post a fairly weak Q1. The Chinese markets had been closed for an extended period over Chinese New Year, and the spike upwards coincided with them reopening, so I wonder if it was simply them catching up with the recent upward movements that caused the big spike up. Lots of people then FOMOed in (go and have a look at some of the investing or stocks subreddits and see post after post of people buying at $900+). It was massively overbought and corrected, as to be expected.

[mrquackquack]

Well at least the bitcoin community can get some publicity thanks to this, mostly bad given the state of everything but none the less.

[batang_bitcoin]

I saw that news about Tesla and as usual it pumped and the you know what happened next. The people who have invested earlier definitely sold it now when they see it coming.
Now, it dropped 20%.

[mrquackquack]

I think the company is good in it's own right don't get me wrong but I just think its really bad publicity. Last time I checked the market cap was around 159 Billion USD.

[FlightyPouch]

I saw that news about Tesla and as usual it pumped and the you know what happened next. The people who have invested earlier definitely sold it now when they see it coming.
Now, it dropped 20%.

Might be. It is also said that there are also delays in delivering to China because of the outbreak but I guess that has nothing to do with it. The stock is getting so popular to younger people and a lot of them want a piece of TSLA. That alt might be a good investment so better keep your eye on it.

[mrquackquack]

Also in other market news the Amazon founder has recently sold around 1.2 Billion USD worth of Amazon stock.

[batang_bitcoin]

I saw that news about Tesla and as usual it pumped and the you know what happened next. The people who have invested earlier definitely sold it now when they see it coming.
Now, it dropped 20%.

Might be. It is also said that there are also delays in delivering to China because of the outbreak but I guess that has nothing to do with it. The stock is getting so popular to younger people and a lot of them want a piece of TSLA. That alt might be a good investment so better keep your eye on it.

It's very popular now because of the internet and that's why it has gained the attention to many investors especially to those that are chasing to buy in while it's cheap.
But despite of this drop, the majority of the news that I've seen is still giving positive report about the said stock/company.

[jostorres]

I guess this could just very well be a snowball affect where one big shareholder sells and when it starts to go down others start to sell as well. It is widely known that Tesla stock was loved by individuals and not corporations or banks, sure they had some investment as well but the amount of individual investors to that stock was higher than probably any other stock in the whole history of finance.

It means it went up too much all due to "memes" in the world on social media and it could very well drop at the same way as well when people start to get bored of it too. Tesla is still a decent company that builds one of the best electric cars (or possibly best) and they will continue to make profit, logically they haven't done anything to drop like that, but that is just finances for you I guess.

[mrquackquack]

Right but I'm still trying to grasp the price of Tesla and in comparison to maybe a Ford stock. There's a huge difference between the two prices and seemingly there are probably more Fords on the road than Teslas. Any thoughts?

[Bagaji]

I saw that news about Tesla and as usual it pumped and the you know what happened next. The people who have invested earlier definitely sold it now when they see it coming.
Now, it dropped 20%.

Tesla was actually down yesterday been Wednesday by 20% and I believe it is normal that those who bought the shares when its value was low have to sell in other for them to make profit from their investment and is why its value suddenly drop.

[mrquackquack]

20% is a big drop

[FlightyPouch]

It's very popular now because of the internet and that's why it has gained the attention to many investors especially to those that are chasing to buy in while it's cheap.
But despite of this drop, the majority of the news that I've seen is still giving positive report about the said stock/company.

It is so popular and that is why a lot of investors really want a piece of it. As I read on one of the articles, who doesn't want to own a stock that doubles in a month? I think that is how popular will it be in the future.

[mamahdedeh]

It's very popular now because of the internet and that's why it has gained the attention to many investors especially to those that are chasing to buy in while it's cheap.
But despite of this drop, the majority of the news that I've seen is still giving positive report about the said stock/company.

It is so popular and that is why a lot of investors really want a piece of it. As I read on one of the articles, who doesn't want to own a stock that doubles in a month? I think that is how popular will it be in the future.

many people will be interested in buying it, especially for millennials like today, they don't have to work hard, but they have to work smart to get financial freedom. therefore take advantage of opportunities when prices are still low and the company has the potential, will realize the ideals

[The Sceptical Chymist]

Looks like TSLA is the newest altcoin, with swings of 20% up and down in under 24 hours.

I didn't want to click on that link, so I didn't read it but had to take a look at the chart for TSLA.  Looks like there was a spike, a plateau, and then a drop but it isn't as though the stock was going haywire constantly.  I've seen worse.

Right but I'm still trying to grasp the price of Tesla and in comparison to maybe a Ford stock. There's a huge difference between the two prices and seemingly there are probably more Fords on the road than Teslas. Any thoughts?

It has to do with how many shares are on the market and what the market caps are for each company.  Small companies with small amounts of shares being traded can have very high stock prices, and big companies with billions of shares can have low stock prices. 

TSLA shares outstanding:  180.25 million
F(Ford) shares outstanding: 3.92 billion
Source: Marketwatch.com

[davis196]

https://g.co/kgs/DjhD3Y
As usual any thoughts or comments are more than welcome.

As a company,Tesla still isn't profitable,their cars are still too expensive(even with tax breaks) and Tesla's Gigafactory(their battery factory) isn't completed yet,AFAIK.With that being sad,I think that Tesla stocks are in the middle of a price bubble,I can't understand all the hype around Tesla,despite all the "not-so-good" results this company has.Their stocks really look like an altcoin now and the price crash will be inevitable.

[Febo]

https://g.co/kgs/DjhD3Y
As usual any thoughts or comments are more than welcome.

They have high share of electric cars sold. They are developing them the longest so have most experiences.  Electric cars are future. Specially because of all climate change disasters we have last and this year. People are speculating. Expect price to pull back to sub $400.

[1Referee]

Expect price to pull back to sub $400.

I know people are hoping for the stock to retrace that much, but I have my doubts. Technically speaking, it's severaly overbought and the major moving averages will need many months to even remotely catch up, but that doesn't mean that this stock can peak over $1000 in the coming weeks or months.

Stocks in general have no longer much to do with fundamentals and underlying revenue/profit streams with how much debt there is circulating in the market. Every recent dip in the stock market is bought up faster than Bitcoin recovers from a dip. That just shows how much money there is waiting for those dips to enter. It's usually not a good idea to bet against the trend.

It's quite funny how the sentiment in the mainstream media has changed so drastically. It was first a company that wouldn't be able to succeed, and now suddenly the stock is said to reach $5000 and higher, lol.