366
Tesla slashes vehicle and self-driving-ish software prices as shares plummet
(www.theregister.com)
this post was submitted on 23 Apr 2024
366 points (97.4% liked)
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I bought stocks at 170 and sold a few days ago at like 150. Would not recommend.
If the report is bad, Tesla will probably be back at 110.
Puts are where it’s at anyway. Hard to predict good moves… easy to see dumb ones that will hurt shortly after they are made.
The damn thing is up 13% in premarket after report....
I tried that with them a couple times when it was obviously overvalued years ago. Damned thing just kept going up.
Not with tesla, shit has been irrational for a decade now. Who knows how long the techbro elonsuckers will keep the price inflated
I'm sorry for your loss.
It's alright, it's part of the game. If we knew how the stock would move, we would all be millionaires.
Just curious; why individual stocks rather than index funds? Is it just the gambling aspect of it i.e. chance of a quick win or is there something more to it?
Index funds are one of the best places to put your investments but a stock like Tesla can make for some quick wins (or losses). I suppose maybe I also treat it like gambling except with true gambling you can’t beat the house but with stocks you can. It is all about the timing though and no real way to predict it reliably
But we see they sold yesterday at $150 whereas right now it’s $161. If your gamble was to buy on yesterday’s downturn and decided to sell today, you would have made $11/share. You can’t beat that with index funds (however the actual trade is a loss showing why index funds is a better choice for long term or for money you can’t afford to lose
The funny thing is, I have bought Tesla two times in my life, and both times it has fallen like a stone right after I bought it. I guess I have a gift and I should short it... :p
Chance of quick win. Individual stocks can move 5-10% in a day and index funds move much more slowly.
But yeah everyone says it's almost impossible to beat index funds long term.
You got to know when to hold em and when to fold em when gambling, and all that.