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this post was submitted on 16 Apr 2025
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Death crosses are bullshit chartist woo.
the dreaded “death cross,” a historical indicator of a likely downturn for the company
[...] occurs when a company’s 50-day moving average crosses and drops below the 200-day average.
Fuck Tesla and all that, but holy shit is that standard ever a depressing indicator of to just how reliant late stage capitalism is on endless growth that a tiny dip after half a year of stagnation is a reliable indicator of a company's imminent failure.
you can either have a system with loans and endless growth or a system where actual ownership is required and stagnation is allowed.
Fuck "stagnation", how about "being satisfied"?
Investors want to make money, if it looks like they can’t then they are going to find a different company
That’s why Capitalism was so against people with wealth and so pro skilled labour
Capitalism supports Psychopathic behaviors. They don't care about satisfied. They want profit at all costs. Even if it means killing you and your family. The gears of industry must be lubricated.
Here’s how it looks all time
I checked and TSLA is still up from where it was 6 and 12 Months ago, how is it in a death cross?
Unfortunately the stock seems fine to my.
it's just a moving average cross. 50 day MA moves below 200 MA, that's it. Can be a bearish sign but I've seen it bounce in this moment a bunch of times.
But technical analsyis is just drawing imaginary lines on a chart, they know nothing about how stupid Trump and Musk are so it might very well be bearish. At least I hope so. I want to see him get margin called at 114$ or so they say.
Technical analysis is where gambler's fallacy meets self-fulfilling prophecy. Though other forces are also in play.
Yup. It's back to roughly October levels, like the rest of the S&P 500.
We can go lower!!!
He doesn't care. He wants it to tank because then he can buy it out and go fully private again.
If I'm not mistaken the overwhelming majority of elons wealth is in company stock (including his other companies, not just Tesla)
It might need to fall pretty damn low for him to be able to afford all outstanding shares.
If the stock really tanks (I've heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
wouldn't surprise me if he gets bailed out with tax money
Except, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.
That's not how any of this works.
That's great, now you get to deliver the finishing blow