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by rayiner 443 days ago
Tesla shares are higher now than they were when he closed on Twitter in October 2022.
5 comments

And dropping. No one can tell the future; it might recover before it hits margin-call territory, and it might not.
The company is imploding. BYD is eating their lunch on most real metrics except their absurd valuation.
Maybe he knows something.
Heck, TSLA today is higher than on 5 November 2024, less than five months ago!
But lower than on 6 November 2024, less than five months ago.
It's up 49% YOY https://www.google.com/finance/quote/TSLA:NASDAQ?window=1Y

This is a bit of a silly game, their stock is very meme-y so whenever you set the start of the time range the aggregate % can vary heavily.

And it's ~40% lower since the "roman" salute day. Anyone can pick random dates.
It is almost the same price.
Sure, but it's becoming increasingly obvious to everyone that the American car industry is in major trouble. In a decade, I'm confident in saying a lot of American car companies will not exist.

We see it in our day-to-day lives. People aren't buying new cars. Cars on the road are getting older and older. Views of Tesla continue to dwindle. Anything Stellantis is on life support. I mean, Chrysler has literally one car. GM is clawing for any sort of relevancy. And Ford is only afloat because of toxic masculinity. We all know that it's bad in the US, and we know outside of the US it's 100x times worse for these companies. We also know the US car market as a market is getting overshadowed.

It doesn't matter what stupid investors think. We can see the writing on the wall. These investors are delusional, period.