[sz4kerto]

There's not much to see here I believe - Tesla's valuation is approximately where it was before the election, and that's generally true for tech stocks (Tesla generally moves with the NASDAQ). It made a big swing in the last month, but the news around this is classic post-hoc narrative.

Edit: I meant the crashing valuation, not this particular news, apologies for the confusion. I do think that government officials promoting stocks is a terrible precedent to set.

[chris_wot]

Not much to see when a senior public official makes a stock recommendation? LOL!

[121789]

The president of the United States is now pushing individual stocks with his cabinet because his billionaire buddy is having a bad time, and the response is “nothing to see here, perfectly normal”???

[stickfigure]

The Trump administration's active and overt effort to prop up the stock suggests to me that they're worried. The president himself made a video advertorial. It's bizarre.

I think this is still playing out.

[mingus88]

Yes this is the latest in a series of publicly desperate moves. One can only imagine how much panic is going on behind the scenes.

Buying TSLA amidst this turmoil is clearly a bad investment

[tim333]

Aside from the stock price and government shilling there have some impressive Tesla protests/arson attacks etc.

[pas]

how can I check the valuation?

is there a rough graph for that?

thanks!

[bananalychee]

Sad to see Hacker News turn into Reddit, flagging the only informative comment because it does not validate the mob's hatred. This headline is meaningless, and by the way, $TSLA has shot up alongside the US tech sector and is now positive. Will we get updates on the front page every five minutes?

[addicted]

Whether the comment is informative or not it dismisses the news article without even tackling the actual issue which is the commerce secretary recommending the stick for which the presidents closest advisor is the CEO/largest shareholder.

I disagree with the downvotes but it is very close to distracting the actual issue at hand by dismissing the more minor issue which is the stock price movement.

[bananalychee]

That's certainly a more interesting topic of discussion, but this submission is not about the issue that you and I would rather discuss, it is about short-term movements in the price of a stock that moved in the same direction as the S&P 500 and the NASDAQ.

[oenton]

I’m going to be honest, I try to assume good faith from others on this forum but your comment makes that particularly difficult. By “issue that you and I would rather discuss” are you referring to the Secretary of Commerce’s unprecedented public endorsement to buy a specific stock, of which the President’s primary advisor is the majority shareholder? Because if that’s what you’re suggesting well, that’s pretty wild. Especially considering the second paragraph of the article highlights exactly what the article is about:

“Why it matters: Cabinet secretaries don't typically recommend individual stocks, much less those linked to the president's closest adviser.”

[butterlettuce]

We really need to push back against the Redditors coming on here and flag as many vitriol-bait posts they’re putting up on here.

[wegfawefgawefg]

my tech friends in the valley call it "orange reddit".

wish the the engagement on here was generally more sophisticated.

[wegfawefgawefg]

Really even this made people get angry?

To whoever downvoted this. I used to come to hacker news years ago and see 90% programming related things: Type system abuse, extreme common lisp code, libraries and tools. It was pretty much all tech debate all the time. The worst days would be 70% tech. Today thats a good day.

Nowadays theres a lot more californians being mad at elon, poetic eulogies, paid articles about "how to write good" or how "you should write even if people dont read it."

People will try to say it hasnt changed but it has changed. It is about half as tech related, and about 10 times as reactionary in the same way the rest of the internet has become more dumb.

You can be mad if you want, but everyone can see it, and thats why some people I know in real life are referring to hacker news as orange reddit in a denigrating way. Reading hacker news doesnt confer programming street cred like it did ten years ago. That isnt because im cynical, or want it to be true. It just is true.