34 percent depreciation after one year and 6,000 miles
Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck in particular, as its perceived value has started to plunge.
In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
But yet the stock is still above 300. The valuation of this company and the stock price do not correlate.
Never have. The stock market is a glorified casino. Prove me wrong. The entire basis of the stock market is a joke.
Maybe you are a bit wrong ;) casino’s use real money. Stock markets don’t. It’s lots of money that just isn’t there. It’s all made up. If you have 5 million shares of $1 it looks like you have 5 million. Try to sell them at once to become that millionair, there is suddenlyy too much for sale, price drops and they become worthless.
Its an investor cult. Like Bitcoin. The valuation and the real world tangible value are completely disconnected.
Tesla is the original meme stock.
That’s because Tesla is a shitcoin on the stock exchange. It has the same qualities as Gamestop and BBBY. It will operate that way until it no longer exists, with holders diamond-handing it into oblivion through tears of rhetoric.
Ya 6 billion in the bank cash. 0 debt. The only CEO on the planet that does not take a salary. Does Lemmy have a remind me feature?
The stock price has always been a load of crap.
The stock market is legalized gambling on vibes.
Stocks isn’t necessarily done on vibes. You’d be surprised that there is a pattern to the stock market that you can take advantage of to make money. Unlike gambling where there isn’t really much of a chance of winning if you do the math (because a lot of gambling are rigged), with stocks you can make a calculated risk but with surer chance of earning big if you do the proper research on what you’re investing in and the stock market itself. Sure there is insider trading, but most stocks typically go back up again if the fundamentals of the instrument are sound. I mean, how many ordinary people earn six figures or become millionaires from playing casinos in comparison to those who invested in the stock market?