Why does it feel like Elon is artificially boosting his companies? (programming.dev)

submitted 2 months ago by kn0wmad1c@programming.dev to c/asklemmy@lemmy.world

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Tesla dealerships are getting protested and, in some cases, vandalized. Sales are down on 9 of the top 10 countries Tesla sells in. Yet Tesla stock is up. Twitter is a cesspool of nazi-themed bots, and somehow just pulled in $1bn and raised its valuation back up to $44bn.

How is any of this possible? It seems really artificial to me, but I don't really understand business.

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[-] IMALlama@lemmy.world 3 points 2 months ago

Although much of Tesla's value recently was from a big jump in November (getting a fancy new oval-shaped office will do that for you)

I don't think many people realize just how big a jump this was.

[-] libra00@lemmy.world 2 points 2 months ago

Yeah, the price nearly doubled. But then it all came crumbling down again. I doubt it will go much below where it was before for long, but I could be wrong.

this post was submitted on 22 Mar 2025

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