Tesla Stock is back up from 217 to 250. How?! We were on such a great downward trend.

2 years ago by FreeRangeMustard to c/enoughmuskspam

technohippie 26 points 2 years ago

This is something very common in stocks. In a bear market it is called a "dead cat bounce". Most probably it will go back to keep falling in a few days, if not tomorrow, unless the trend changes which would be very surprising to me.

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sp3tr4l 9 points 2 years ago

A sudden, sharp decline is also called a 'falling knife', particularly due to how it looks in a box plot, somewhat resembling a bloody dagger.

So... when the market in general tries to 'catch' a 'falling knife'... this produces a 'dead cat bounce' if the market at least temporarily makes the price actually rebound a bit.

So... to ... mix terminology... I guess you catch a falling knife by bouncing a cat off the floor, which goes upward, catches the knife, kills the cat, and then the dead cat with the knife in it collapses through the broken floor.

Hooray daytrader terminology.

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Tar_alcaran 6 points 2 years ago

it is called a "dead cat bounce".

Because everything will bounce if you slam it down hard enough. Not the nicest term though

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rockerface 2 points 2 years ago

At some point it becomes more of a splatter tho, depending on momentum.

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sp3tr4l 2 points 2 years ago

I don't think this 'term' exists, but I hereby propose we call a downward, stairstep series of dead, splattered cat bounces, a 'bear feast'.

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Atelopus-zeteki 20 points 2 years ago

Pretty easy to understand, someone bought the dip. Keep pushing down.

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heatofignition 16 points 2 years ago

The sitting president just did an ad for them in front of the white house. It might rise a little from that, but I would expect the larger downward trend to continue because of the growing anti-Musk sentiment across the country.

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FMT99 12 points 2 years ago

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And009 1 point 2 years ago

Too short maybe

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tonytins 11 points 2 years ago

Something happened behind the scenes during that White House event.

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Atelopus-zeteki 2 points 2 years ago

can you elaborate?

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hark 8 points 2 years ago

Stock price has nothing to do with reality. Even when the stock price goes up or down coinciding with profits going up and down, it's just that -- a coincidence. Many times you'll see amazing earnings and the stock will drop because "it's priced in" (it's always priced in except when it's not) or "future outlook didn't look good" (unlike the amazing outlook of tesla which is promising robots and robotaxis and other vaporware).

Their Q1 earnings report comes out next month, so that'll be interesting at least. Don't expect market reactions to be logical. It may seem to go up or down appropriately, but the primary mover is not reality.

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FreeRangeMustard 1 point 2 years ago

So even though the value is dropping, it could mean it’s much higher or lower?

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hark 2 points 2 years ago

Even if tesla's sales tank and their profits turn into heavy losses, they can still be valued more than all the other automotive companies. The excuse could be because "tesla is more than just an automotive company" but after a decade of not delivering on full self-driving like promised, you'd think investors would understand that musk is full of it.

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MomoGajo 7 points 2 years ago

There is some suspicious activity in Canada: https://mobilesyrup.com/...

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Manticore 5 points 2 years ago

Stock isn't about how much a company is worth, it's how much investors and stockholders think its worth (especially in the future).

Show an ad or make a policy change and enough people saying we are so back will uptick valuation. Making a controversial change will decrease it. Anytime leadership potions are changed, the new CEO/etc is evaluated for stockholders guessing if they're a good choice or a bad one.

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Ajen 5 points 2 years ago

Look at what happened to the stock on Feb 11, it dropped, came back up for a few days, then dropped again. That could be repeating.

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DrSleepless 4 points 2 years ago

Trump bump

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ZDL 3 points 2 years ago

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gandalf_der_12te 3 points 2 years ago

In general, huge downward trends are a great way for investors to make lots of money.

Buy when lowest, wait, profit. Easy.

I would not be surprised if some huge Tesla fan actually caused the panic to drop the prices in the first place, in order to buy the stocks cheaper for themselves.

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FreeRangeMustard 1 point 2 years ago

Let’s hope not. Elbow is way to sentimental for that to be true. Or he doesn’t know about it.

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enoughmuskspam

@lemmy.world

login for more options

For those that have had enough of the Elon Musk worship online.

No flaming, baiting, etc. This community is intended for those opposed to the influx of Elon Musk-related advertising online. Coming here to defend Musk or his companies will not get you banned, but it likely will result in downvotes. Please use the reporting feature if you see a rule violation.

Opinions from all sides of the political spectrum are welcome here. However, we kindly ask that off-topic political discussion be kept to a minimum, so as to focus on the goal of this sub. This community is minimally moderated, so discussion and the power of upvotes/downvotes are allowed, provided lemmy.world rules are not broken.

Post links to instances of obvious Elon Musk fanboy brigading in default subreddits, lemmy/kbin communities/instances, astroturfing from Tesla/SpaceX/etc., or any articles critical of Musk, his ideas, unrealistic promises and timelines, or the working conditions at his companies.

Tesla-specific discussion can be posted here as well as our sister community /c/RealTesla.

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