Technology

There is only so much they can do to prop it up. If noone is buying them, and noone wants the stock, its going to go down short of the govt literally buying the stock and handing it over to musk.

That unfortunately would not surprise me. How sad.

Plenty of Teslas were bought before most people had any idea that Elon was a fascist sociopathic asshole. Not everyone who bought one can afford to just dump a functioning vehicle with shitty resale value. Anyways, we don't really want to see every Tesla on the road retired at the same time, so somebody will be driving them.

Cybertrucks are a bit different in my estimation. Anyone who bought a Cybertruck should have known who they were buying it from. Those owners bought that car to signal something, and I think it's fair to let them know that the signal was received.

I dumped mine, originally was estimated to be a $92 fee or something to walk away from the lease.

Just found out a couple of days ago they're charging me every fee under the sun. Now they want $4000. Have to put it on a credit card. It royally sucks, but I'm still glad I ditched it.

astrology for guys in suits

Naw they already made that, it's called the "Myers-Briggs Type Indicator".

To a large extent it is, the major difference being that when people take actions based of these signs, it influences which way the chart goes next, unlike the planets, which do not care the slightest what people do based on their actions. Thus you can end up making a lot of money if your actions are 1) correctly anticipating subsequent actions by other people and 2) sufficiently in advance of other actions. Which makes inside trading and pump-and-dump schemes great ways to get filthy rich, if you find yourself in a position to be able to pull that off. Or if you are lucky. Or if you have made a name for yourself and everyone else just assume you know what you are doing and follows (Warren Buffet comes to mind).

Oh my God this is so f-ing true. It makes me think a lot of sociology classes I took in college where we'd talk about the artificiality of money how it's only meaningful because we have collectively decided it is. The folks who try to make it all scientific with lots of elaborate analytics and complex charts are basically just engaging a social math exercise.

That's a testable hypothesis: burn Tesla, Twitter, SpaceX etc to the ground. We can measure his reaction to each, and compare.

No, he cares for Twitter.

SpaceX lets him pretend he's some great tech genius, but Twitter is what gives him the validation he craves. All the pro-Elon bots and stans there who fellate him feed his narcissistic desire to be loved.

That's why he "sold" Twitter to xAI. So if Tesla does tank hard enough and he gets margin called, he can't be forced to sell Twitter to cover it.

Tesla means nothing to Elon.

Then why did he ask Trump to shill Teslas for him? He definitely cares, for narcissistic ego reasons if not financial ones.

It could go to zero and it wouldn't affect him.

He leveraged his Tesla stock to buy Twitter. If the stock drops below a certain price, the banks will confiscate the stock. If it's not enough to cover, they'll confiscate Twitter.

But maybe I'm wrong. I would love to find out either way.

That's fine, let's still take down Tesla for good measure

Not exactly I’m pretty sure he’s using his stocks as collateral for lots of stuff.

I hear what you are saying, but I still like to see Nazis hurt.

Let’s make Tesla a penny stock.

Yup, this is why we need to either nationalize Starlink or just shut it down completely. This isn't something a single private company should have control of.

But if they specifically call out Tesla, they get more clickbait engagement, plus it now qualifies as a tech story! Double win!

They actually lampshade this further down the article, at the point where clickbaiting has fulfilled its goal.

It's almost nostalgic being mildly annoyed at some slightly sub-par journalistic ethics displayed by Gizmodo and company. Feels quaint and nostalgic now. I honestly didn't know Gizmodo was still running, if I'm perfectly honest. It's been quite the decade.

it's just a moving average cross. 50 day MA moves below 200 MA, that's it. Can be a bearish sign but I've seen it bounce in this moment a bunch of times.

But technical analsyis is just drawing imaginary lines on a chart, they know nothing about how stupid Trump and Musk are so it might very well be bearish. At least I hope so. I want to see him get margin called at 114$ or so they say.