[small_model]

Anyone buying IPO for short term gain would have exited at initial spike, others (like me got in at allocation price) will be holding for a decade or two so this is noise, expected not sure why it posted here, do we post every tech stock intra day price move

[fg137]

And I don't understand why a serious media outlet is covering this at all. The entire article could be irrelevant the next day.

Without any actual, meaningful news coming out of the company (important financial update, new product, bankruptcy etc), stock price moves are only meaningful to day traders, not anyone who is doing serious investing. LA Times is making themselves the same as CNBC or sources you find on Yahoo finance.

[grosswait]

Because anti-Elon thinking is a thing that really seems to impact the judgement of some people and this kind of news really gets them to engage

[root_axis]

The "anti-Elon thinking" comes from the things Elon says and does.

[mparramon]

Like?

[root_axis]

Inflammatory partisan and identity politics activism.

Directly interfering in the u.s. government

A consistent pattern of grandiose over-promising and under-delivering in his products (FSD, robotaxis, electric-semi, boring company etc)

and plenty more

[rootusrootus]

It is nearly a perfect analog to TDS. All the way down to the uncritical supporters accusing everyone else of being the deranged ones. It would be hilarious if it did not have such a negative impact on bystanders.

[small_model]

Bingo, hacker news has this tendency hence this is on the front page.