• mosiacmango@lemm.ee
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    1 year ago

    Tesla stock goes up because it goes up. Thats about it.

    The company had high margins and a commanding lead for a desirable auto segment, but at this point its losing ground. The stock goes up because it increased 7x during covid because of lies and hype, so its a Bitcoin/GameStop style meme engine now. It dips and people buy buy buy. It has very little to do with company fundamentals.