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The S&P 500 and Nasdaq 100 both showed it as well on Monday, as the indexes continue to fluctuate in wild and somewhat unpredictable ways
Clickbait nonsense. The market as a whole is falling and these publications choose to instead write articles about each individual stock that generates headlines. TSLA stock is still up 7% for the month and a whopping 57% for the last year.
I would like to remind everyone, as people seem to keep forgetting, Tesla means nothing to Elon. It could go to zero and it wouldn't affect him.
Twitter, or X, means nothing to Elon. It could collapse and shut down and it wouldn't affect him.
SpaceX is his baby. Nothing even comes close. Starlink alone guarantees he will always be one of the richest men in the world.
One at a time. Patience is a virtue
That's fine, let's still take down Tesla for good measure
Yup, this is why we need to either nationalize Starlink or just shut it down completely. This isn't something a single private company should have control of.
I hear what you are saying, but I still like to see Nazis hurt.
Let’s make Tesla a penny stock.
It could go to zero and it wouldn't affect him.
He leveraged his Tesla stock to buy Twitter. If the stock drops below a certain price, the banks will confiscate the stock. If it's not enough to cover, they'll confiscate Twitter.
But maybe I'm wrong. I would love to find out either way.
That's why he "sold" Twitter to xAI. It's no longer "his", so he can't be forced to sell it. Loopholes within loopholes, it's the billionaire way.
No, he cares for Twitter.
SpaceX lets him pretend he's some great tech genius, but Twitter is what gives him the validation he craves. All the pro-Elon bots and stans there who fellate him feed his narcissistic desire to be loved.
That's why he "sold" Twitter to xAI. So if Tesla does tank hard enough and he gets margin called, he can't be forced to sell Twitter to cover it.
If Elon is such a genius, let's see him stream Kerbal Space Program. I would love to see him get to Mun and back.
Given his track record with real rockets and real rocket scientists, I would consider it a win for him to make it off the launchpad and back in one piece. 😂
Now this is a stream I would enjoy watching. I have the KSP platinum on PS4, I know exactly how difficult this is.
In fact, since it's his big fantasy, let's see a Duna return trip.
Tesla means nothing to Elon.
Then why did he ask Trump to shill Teslas for him? He definitely cares, for narcissistic ego reasons if not financial ones.
Isn't this a ponzi sceme? He uses his starlink as his SpaceX customer. Without Starlink, SpaceX would be a lot less profitable.
Which is probably why he wants to hollow out NASA and have SpaceX take their place.
I swear this was the plot of a Dan Brown novel.
Not exactly I’m pretty sure he’s using his stocks as collateral for lots of stuff.
He's a huge buy, borrow, die financial strategy guy.
That's a testable hypothesis: burn Tesla, Twitter, SpaceX etc to the ground. We can measure his reaction to each, and compare.
Good. Fuck elon and his shitty toy cars.
I have to be honest, as someone who is not fully immersed in the financial markets, the chart pattern reading kinda strikes me as astrology for guys in suits.
I feel this deep in my bones
100% totally is.
Oh my God this is so f-ing true. It makes me think a lot of sociology classes I took in college where we'd talk about the artificiality of money how it's only meaningful because we have collectively decided it is. The folks who try to make it all scientific with lots of elaborate analytics and complex charts are basically just engaging a social math exercise.
Money is an emotional thing. Do I believe that this coin / bit of paper / number on a website is something that I can exchange for goods and services? If not enough people believe that, that currency will collapse.
Mind you, not using money is inefficient at scale. Sending the bag of potatoes that I've grown in my garden this month to my internet provider for continued shitposting privileges only goes so far.
Money is an emotional thing. Do I believe that this coin / bit of paper / number on a website is something that I can exchange for goods and services? If not enough people believe that, that currency will collapse.
That's not true at all. You know most of the reason why your currency works? It's not based on tinker bell. It's based upon the fact that the government collects taxes from you in it. It's also based upon the fact that other countries will accept it as repayment of debt or face military consequences.
Now, stock prices are mostly irrational -- though some companies do actually produce valuable goods and services and own infrastructure -- I'll grant you that. But belief has very little to do with USD being more than green-tinted paper.
astrology for guys in suits
Naw they already made that, it's called the "Myers-Briggs Type Indicator".
That's for white girls on Hinge.
Different parts of astrology. The MBTI stuff replaces the horoscope/personality side of things, whereas chart reading replaces the future readings.
To a large extent it is, the major difference being that when people take actions based of these signs, it influences which way the chart goes next, unlike the planets, which do not care the slightest what people do based on their actions. Thus you can end up making a lot of money if your actions are 1) correctly anticipating subsequent actions by other people and 2) sufficiently in advance of other actions. Which makes inside trading and pump-and-dump schemes great ways to get filthy rich, if you find yourself in a position to be able to pull that off. Or if you are lucky. Or if you have made a name for yourself and everyone else just assume you know what you are doing and follows (Warren Buffet comes to mind).
That makes sense. Essentially, there are things that are influenced by perception and those that are immune to perception.
Yes, and by the sheer existence of the concept of a "death cross", and now that it has happened for the Tesla stock, people will act as if whatever a "death cross" predicts will come to pass. So even though there was some correlation before someone formulated it as a concept, now the response will be different because people will act on it. If enough people believes it, it will probably just accelerate the process as they will seek to sell off before the downturn, pushing the prices down. Which is the way the Tesla stock should go, so I am all for this cross of death.
:)