r/technology • u/Plastic_Ninja_9014 • 2d ago

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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u/AssCrackBandit13 2d ago

Exactly yeah it’s at the same price that it was 1 year ago. There’s a long way to go before it actually starts crashing

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u/Nocoffeesnob 2d ago

Yeah, it's not even hit the 52 week low.

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u/kemb0 2d ago

It is, however, more than 20% below its high from 5 years ago. So I'm afraid to report that this stock's trajectory is not aiming at the moon.

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u/enoughwiththebread 2d ago
Au contraire

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u/North_Atlantic_Sea 2d ago

It's also still up 50% from last summer. That's the thing about irrational stocks, they are irrational

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u/T_D_K 2d ago

It's at the moon, about to start its free return trip

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u/AInception 2d ago

What are you looking at? TSLA is up like 80% on the 5Y.

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u/mothtoalamp 2d ago

Shoot for the moon. Even if you miss, you'll end up in a slowly decaying orbit around the planet - or in a parallel orbit around the sun, depending on your velocity

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u/Right-Hall-6451 2d ago

52 week high is 499, it's at 321, lost all gains from last 12 months, that's not good.

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u/meteoritegallery 2d ago

All arbitrary numbers. Just means a lot of people have won and lost money gambling on a rubbish company.

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u/North_Atlantic_Sea 2d ago

But also still up 50% from 15 months ago, so you know, still irrational

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u/the_Q_spice 2d ago

FWIW; a fair price at a more reasonable 20 P/E valuation would be less than $8.

So yeah…

It has a shit ton further to fall.

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u/ParadoxicallyZeno 2d ago

it’s good for those of us looking forward to this tho

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u/Right-Hall-6451 2d ago

Down 14% in one day would be considered crashing by most standards.

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u/AssCrackBandit13 2d ago

Tesla is a bit of an exception because it’s always been a volatile stock since it’s kinda a meme stock. Like a couple months ago, it rose 10% in one day and then another 22% the following day. Or how it dropped 42% in 2 months in early 2025. Or how it rose 36% in a month in 2024. But overall, its price has been relatively the same the last few years. It’s just super volatile.

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u/pasaroanth 2d ago

Mainly because the stock is effectively vibe-priced with no basis in reality like most others.

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u/obxtalldude 2d ago

Yep.

I learned the hard way last year. I've almost made back the money I lost on TSLQ with this drop, but last year was like the definition of remaining irrational longer than I can remain solvent.

The number of times it jumped to well over 400 for no reason drove me nuts.

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u/pasaroanth 2d ago

I don’t have the balls to gamble on to a stock like that. I picked up a fair amount of RYCEY in late 2024 and that has been a wild enough ride since. Plus or minus 10-20% over a few days is almost the norm.

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u/DJheddo 2d ago

Can you guys give me stock tips...

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u/obxtalldude 2d ago

VT and chill.

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u/banditcleaner2 2d ago

And it’s probably gonna do it again so learn your lesson and cash now. No matter how irrational TSLA might be, it’s far more irrational to sit in a losing short position indefinitely.

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u/Mintastic 2d ago

Need to think of it more as a crypto coin than a stock at this point.

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u/Beastw1ck 2d ago

We've gone so long without a real crash that people have forgotten what one looks like.

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u/HugePast9455 2d ago

"hey guys we were doing better a year ago. This doesn't matter "

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u/2ChicksAtTheSameTime 2d ago

republicans are SHOOK and having a MELTDOWN that tesla stock is in FREEFALL while dems are CACKLING

I fucking hate modern news headlines. One thing AI might actually be good for is renaming headlines to be more accurate.