[Kstarek]

it stemmed the bleeding for a few days, but at the end of the day, Teslas are being vandalized across the US, foreign sales are falling off a cliff, and the stock was massively overvalued compared to any other automaker. it can fall much much much more. it's still expensive relative to other automakers 50% lower than current prices

[bdangubic]

not a single share of tesla has been bought in the last 10 years because someone thought they are a “car company.” of course whether “non-car” part ever materializes we shall see (I give this 0.76% chance) but tesla should never be compared or put into context of other car companies as that is completely irrelevant - stock prices wise…)

[TheAlchemist]

Maybe past 2 years, once it become obvious that sales growth is stopping and Tesla 'pivoted' to another story.

Until about mid-2024, Tesla was still projecting a 50% growth in car sales per year, until 2030 - with a goal of selling 20M car / year by that deadline. That was a very nice story that people believed.

Now they believe that Tesla will produce billions of Optimus robots. Which is also a nice story.

[timeon]

And maybe that is the reason why it is going down now. The speculation seems like not going to materialize.

[latentcall]

Excellent news