Boiler Room: The Official Stock Market Discussion
Elon fukking with twitter got tsla stock in the gulag today
ahomeplateslugger
Superstar
weird tesla's stock is dropping like this. i wonder if elon is selling his shares or doing something with the stock to fund the twitter buy.
To me this is like when the worst teams in the league decide to 'change direction' and sign a coach that went 5-12 the prior year
humminbird
Veteran
I think it's that and the fact that he's putting some of his shares up for collateral for this too
Its still troll ass price action since we just had ER and Tesla isn't going any where its ramping up actually. I'm not even worried about this dip, just mad I didn't buy puts today. Market been stupid, all it'll take ironically is Elon tweeting that its nothing to fear tesla is fine and this is why and the price is right back where it was. an absurdity but its the world we in now.
Large-scale purchases like expensive cars are heavily correlated with the stock market. If the stock market corrects in a major way, people will feel poorer and/or less job security. Many won't be purchasing new expensive cars. And a downturn will bring down oil prices, making electric cars less appealing.
BlaxOps
Pro
$XLE, $XOM running nicely.
I don’t know what to do anymore these losses are truly insane
the nasdag down 20% YTD
this is one of the worst markets in history not even joking a little
these numbers are truly insane to look at
the nasdag down 20% YTD
this is one of the worst markets in history not even joking a little
these numbers are truly insane to look at
I don't think tesla is even really marketed as "affordable" though. their base car is like what 45k? next up 80k? shyt been for wealthy nikkas from the jump. They just opened up the biggest factory in the world and the demand hasn't wavered at all. Its w/e really since I have commons so I'll hold for years if I need to but I see today as a huge over reaction.
One could argue that the market is getting back to normal. It was artificially inflated during Covid by the Fed. Inflation has the Fed's hands tied now.
In 2022, 45K isn't that expensive for a new car. And 90% of Tesla's vehicle sales come from those base models. Most people buying those cars aren't wealthy. They're doing well for themselves, but a sudden fall in their 401K and fears about recession (layoffs) will make them less likely to purchase new cars.
humminbird
Veteran
do you have all tech? i know you said it before but i can't remember
any bank stocks?
for me my bank stocks and companies like home depot have been keeping me stable I'm still red but not that bad