Economy

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Tesla sales plunge 40% in Europe as Chinese EV rival BYD's triple (www.cnbc.com)

submitted 1 day ago by lemmy_news@lemmy.wtf to c/economy@lemmy.world

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[–] ALLGLORYTOHYPNOTOAD@lemmy.world 6 points 1 day ago

The majority of people don’t like supporting Bond villains.

[–] paper_moon@lemmy.world 6 points 1 day ago* (last edited 1 day ago) (2 children)

Every time these articles get posted, I check the stock price and hope its tanked, so that it hurts Elon. And yet its always higher than the last time. These reports seem to mean nothing.

[–] jatone@lemmy.dbzer0.com 10 points 1 day ago (1 children)

you seem confused how stocks work. they're not based on reality, but eventually reality catches up.

[–] paper_moon@lemmy.world 3 points 1 day ago* (last edited 1 day ago)

Ah, thats right, I should have been looking at "earnings" instead of sales, ala nvidia... Lol

[–] ALLGLORYTOHYPNOTOAD@lemmy.world 5 points 1 day ago

The stock market is fraudulent. It’s all hype to juice price till the lie can no longer be sustained. Then the players sell off and let the market tank so they can buy up assets on the cheap. Rinse repeat. The 2008 crash was exactly that. AI bubble is next.