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this post was submitted on 24 Jul 2024
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I honestly don't know how their stock hasn't completely tanked, one clusterfuck after another. Quality is shit, the Cyber Truck is all but finished, CEO is fruity, etc.
And to top it off, they struggle to produce the product. Seems everything is on a waiting list.
Stock valuations are based on Wall Street feefees, not the actual economic performance of a company. Even if said economic performance is shit, it only affects stock prices as much as institutional bankers feel like it should.
It's basically a casino run by the super rich, and people in the US get their retirements in its chips.
You’re not wrong but Tesla is probably more of a meme stock at this point. We might not be able to blame Wall Street for this one. There’s a lot of retail investors in Tesla stock because they think Elon is a super brain genius despite all evidence to the contrary.
I’m not in the US and I also get most of my retirement in stock market casino chips