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Call it like it is: TSLA rise is not due to performance, but hope for corruption

22 pointsby peutetre7 months ago

5 comments

navaed017 months ago
The article is too dismissive of Chinese cheap EVs as a threat to Tesla and how tariffs might help Tesla.<p>Having said that it’s a good take, but after seeing how arbitrarily stocks rose in ‘21 I’m not too sure that rallies of household stocks are nothing more than emotional bets without any real strategy
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xiphias27 months ago
Electrec itself got corrupted a few years ago. It was far the best web page for news about electric vehicles going into details, but it was probably bought and now it&#x27;s just ragebait.
znpy7 months ago
Most stock prices are pure imagination. TLSA rise is no different.<p>I still remember a few years ago when GameStop stocks were nosediving just because some WallStreet bro had decided to bet against it. It was all fine until some unheard guy from reddit looked at the actual numbers from the company and noticed the company was doing overall okay, decided to bet against the wallstreet bro, and many more non-wallstreet investors decided to follow suit. And the rest, as they say, is history.<p>So yeah, TSLA stock price is fake, but that&#x27;s not news. Most stock prices are.<p>Heck, company can even legally inflate the stock price. It&#x27;s not much time ago that Google did a huge stock buy back to artificially increase the stock price.
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huijzer7 months ago
I could make a counterargument that at least Elon and Trump are making it clear that they are teaming up. There are probably countless other big companies that are much more secretive about their collaborations.
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gigatexal7 months ago
You say corruption. Elon and Trump would say business acumen.<p>Though if green offsets and credits from the feds are curbed it’ll hurt Elon no? I guess he will get a carve out.
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