• jordanlund@lemmy.world
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    5 days ago

    Publicly traded companies have to continually make more money than they did last month, last quarter, same time last year.

    Failing to do so means they are somehow “losing” money that is “rightfully owed” to them and the stock market punishes them.

    It doesn’t matter if you’re profitable or not, so long as you’re continually making more money.

    • vithigar@lemmy.ca
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      5 days ago

      It goes a layer further than that even. If the rate at which that growth is happening isn’t itself growing then investors start getting nervous.

      • Phoenixz@lemmy.ca
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        4 days ago

        I’ll assume that is a rhetorical question? I mean, it’s obvious why Tesla has been going off a cliff and continues doing so

        It was 10x overbloated at the least, it’s CEO is publicly a nazi, most claims that Tesla can do were all lies for over a decade now, the only new design it came up with is the cyber truck garbage container, the quality of all the cars is shit (even though they’re overpriced) with the cybershit being literally more explosive than a Ford Pinto, and now there are way WAY cheaper options competing with Tesla. Then add to that that Tesla just decided to give the CEO 26 some billion dollars because that is apparently okay to do during a shitshow like this

        Anyone still investing in Tesla gets what they deserve, you’re an idiot if you do

        • aramova@infosec.pub
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          4 days ago

          Mmhmm compare that with the sales numbers, then compare against any company in history which has had a similar sales pattern for a publicly traded company.