Technology

God fucking damnit, I hate Wall Street.

We sold fewer cars than expected, lost money, revealed that even though we're making 1000 Cybertrucks a week we've only sold 4000 of them and had to recall every single one because we fucking glued the foot pad onto the accelerator pedal, and had our lying sack of shit CEO's compensation nerfed by a judge so in response we're gonna fire 6000 people.

Line go up.

Zoom out about a week.

Its fair to say that last week, TSLA was oversold and is now bouncing back from that. But the -55% profits and -$2.3ish Billion FCF are bad numbers.

TSLA is down from $180, where it was just a few weeks ago. $140 prices this past week apparently was too low, but there's no chance in hell that TSLA goes back up to pre-Q1 announcement numbers. Q1 2024 was awful. Declining sales around the world in all major areas: China, Europe, AND USA. They're weak everywhere.

HFT algorithmic robo-traders still gonna scalp daily delta, often in an incestuous and self-reinforcing cycle based on financial headlines

I’ve been bearish on Tesla for years, but it’s getting increasingly obvious with growing EV competition that their market cap is/was absurd hype that defies fundamentals or even possible value if Tesla was a monopoly