this post was submitted on 16 Apr 2025
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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.
Tesla could literally never sell another car again, and it wouldn't matter as long as people continue to buy the stock.
It's been wildly over priced for a very long time, so clearly the people who are keeping it afloat aren't interested in whether the company is actually profitable or not.
I think those people were only buying and holding cause the stock price kept going up regardless of logic and reason. These people wanted to make money.
If they think they might lose money, I think they would probably sell.
You're thinking rational. Tesla prices skyrocketed during the covid pandemic when wallstreetbets was gaining traction. That's probably all you need to know.
If I recall correctly, it skyrocketed right after they posted their first profit. People took this as an indicator that Tesla was only going to go up exponentially from here.
It was actually way overpriced even before this point.
"I like money" - Frito
That only goes so far. If the company ceases to exist because it cant pay its debts, its gonna get delisted from the exchange.
Til magically the government starts buying all its cars from them, and they start making tanks and drones for the military.
That would be crazy. That'd be like letting Boeing make your fighter jets...
Dear god.
~~Was there not already some deal with the State Department for the purchase of "armored vehicles" from Tesla to the tune of 400 million USD? Or did I just hallucinate that?~~
ETA: Apprently not true: https://www.snopes.com/news/2025/02/14/state-department-armored-teslas/
It's not not true. Elon was going to do it, but it got attention and they had to back down. I'm sure they will do it again but more quietly and ramp it up slower to not catch as much flack.
Cyber truck USPS fleet vehicles.
I could see this administration contracting for 100k cybertrucks for the USPS right before shutting down the USPS.
SAD
Standard American Diet XD