this post was submitted on 24 Oct 2024
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Economy
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I cannot think of a reasonable explanation of Tesla stock shooting up that high.
I guess I live in a bubble where everyone thinks the cybertruck is stupid and teslas are pretty mid with horrible service.
It happened before and next week there will be an article saying his net worth dropped X billion. A quick google shows there was a moment in 2023 his net worth dropped from 320 billion to 138. Tesla's stock has always been a bitcoin-esque rollercoaster and I don't see that ending any time soon.
Aside from the possible Enron-level accounting fraud, which wouldn't surprise me in the least.