Tesla stock falls again, toward longest losing streak in more than 4 years • Hacker News Board

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#71

Post by Waterluvian » Tue, Dec 27, 2022, 4:54 PM UTC

Robotbeat wrote: post #19

Waterluvian wrote: post #10

Earlier quoted context omitted.

I think B only matters as a signal of leadership instability. And I think it tells us nothing new about Mr. Musk that we didn't already know. So I think B is probably not really a factor. A is plenty enough to explain the market behaviour.

Wait, you guys know that was a joke, right? Is it okay to not do due diligence on claims because we don’t like a guy? (Which isn’t to say it makes the market feel better, but come on…)

Popehat’s Law of Goats applies.

https://www.urbandictionary.com/define.php?term=Popehat%27s%...

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#72

Post by Geee » Tue, Dec 27, 2022, 4:55 PM UTC

CharlesW wrote: post #6

From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…

It's ridiculous to state that Elon praised Medvedev. Medvedev made some insane and absurd predictions for 2023 and Elon replied with "Epic thread!!". It was epic because how insane it was.

Elon clarified it later with "Those are definitely the most absurd predictions I’ve ever heard, while also showing astonishing lack of awareness of the progress of artificial intelligence and sustainable energy."

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#73

Post by awacs » Tue, Dec 27, 2022, 4:55 PM UTC

kylecordes wrote: post #29

CharlesW wrote: post #6

From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…

It appeared to many observers that Musk was mocking the Russian propaganda, he then made the mockery explicit later. I don't understand the thesis that Musk is somehow pro-Russia. Generally his ventures are against Russia interests: SpaceX, launched in the aftermath of Russia being uninterested in selling a leftover rocket to Musk, now dominates the launch industry to the detriment of Russia, among other things halti…

I would agree on this one, but his pro-Putin / anti-American policy towards Ukraine is the context here. Plus he loves to troll the U.S. Gov (particularly the Dems) who literally made his life as a billionaire possible by funding him with billion to create Tesla when he was still basically "poor". He would be nothing without liberals who created the electric car incentive programs and EV loan programs, yet he trashes them left and right.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#74

Post by fundad » Tue, Dec 27, 2022, 4:55 PM UTC

iammjm wrote: post #31

I can’t be the only one who is rubbed in a very bad way by Musks moronic tweets. The Mad King’s Twitter behaviour seem more and more trumpesque.

I ask myself if there actually was an information warfare operation underway, how different would it look?

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#75

Post by cokeandpepsi » Tue, Dec 27, 2022, 4:55 PM UTC

astrange wrote: post #57

kylecordes wrote: post #29

Earlier quoted context omitted.

It appeared to many observers that Musk was mocking the Russian propaganda, he then made the mockery explicit later. I don't understand the thesis that Musk is somehow pro-Russia. Generally his ventures are against Russia interests: SpaceX, launched in the aftermath of Russia being uninterested in selling a leftover rocket to Musk, now dominates the launch industry to the detriment of Russia, among other things halti…

Elon doesn't exactly tweet like a rational logical being at the moment. It seemed to me he was praising the tweet because it mentioned him and said he was going to be president of the US (or something like that) so he thought it was cool. Then he just snuck back in and denounced it later when he remembered he has a security clearance. He's already taken calls with Putin and randomly decided to announce Ukraine should…

Someone who's dependant on us goverment contracts defense/nasa really shouldn't be interacting with high ranking russian officals.. even if it's for the lulz

espcially since the us has sanctions targeted at medvedev by name, it's no joke

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#76

Post by marcosdumay » Tue, Dec 27, 2022, 4:56 PM UTC

friedman23 wrote: post #5

andrewmcwatters wrote: post #2

Probably closer to fair value now, still overpriced though.

Funny enough I think it's actually undervalued now. Tesla has bought up all the mining rights for the minerals required to ramp up battery production and will likely be the only EV manufacturer that's not supply constrained for the next decade. I'm still not bought in yet, probably a lot more room for it to crater.

> EV manufacturer that's not supply constrained for the next decade

Ok, since it didn't make the news, I'm completely on the dark here... but are you talking about the supply of lithium?

If so, I have some news to you about one of the most common metals on Earth's surface.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#77

Post by samwillis » Tue, Dec 27, 2022, 4:56 PM UTC

friedman23 wrote: post #5

andrewmcwatters wrote: post #2

Probably closer to fair value now, still overpriced though.

Funny enough I think it's actually undervalued now. Tesla has bought up all the mining rights for the minerals required to ramp up battery production and will likely be the only EV manufacturer that's not supply constrained for the next decade. I'm still not bought in yet, probably a lot more room for it to crater.

I don't really believe this narrative. Mineral rights are so easily effected by geopolitics the "rights" they have brought could easily be worthless in two years time.

I'm also unconvinced that we should be 100% in on only lithium for BEVs, it's important to have multiple technologies.

Just look as traditional ICE cars, we have Petrol and Diesel. I see Lithium as the Petrol of BEVs, what's the Diesel going to be?

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#78

Post by jacquesm » Tue, Dec 27, 2022, 4:57 PM UTC

CharlesW wrote: post #6

From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…

His attempt at damage control 4 full hours later wasn't exactly credible.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#79

Post by dkjaudyeqooe » Tue, Dec 27, 2022, 4:57 PM UTC

kylecordes wrote: post #29

CharlesW wrote: post #6

From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…

It appeared to many observers that Musk was mocking the Russian propaganda, he then made the mockery explicit later. I don't understand the thesis that Musk is somehow pro-Russia. Generally his ventures are against Russia interests: SpaceX, launched in the aftermath of Russia being uninterested in selling a leftover rocket to Musk, now dominates the launch industry to the detriment of Russia, among other things halti…

How does Musk posting that sort of stuff, which is difficult to get across in text at the best of times, benefit anyone, including Musk?

It's a pattern of pointless provocative nonsense by Musk, befitting a teenager, not the CEO of multiple multi-billion dollar companies.

I guess he's free to do what he wants, but people are free to read whatever they want into it as well. Dismissing it as humour is not a given.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#80

Post by awacs » Tue, Dec 27, 2022, 4:57 PM UTC

fundad wrote: post #56

kylecordes wrote: post #29

Earlier quoted context omitted.

It appeared to many observers that Musk was mocking the Russian propaganda, he then made the mockery explicit later. I don't understand the thesis that Musk is somehow pro-Russia. Generally his ventures are against Russia interests: SpaceX, launched in the aftermath of Russia being uninterested in selling a leftover rocket to Musk, now dominates the launch industry to the detriment of Russia, among other things halti…

I think it’s because giving any “territory” to Russia justified see the pretense of ending war isn’t believable. If you don’t believe it condemns more people to be colonial subjects and the be redeployed to destroy Ukraine, I can see the confusion. A lot of tycoons aren’t commenting about the war at all if the fear how the judgement will affect business.

I don't think he even cares about Ukraine one way or another. He's just trolling the U.S. gov to "own the libs" as part of his "engagement strategy" for Twitter, as ridiculous as that is. Yes, alienate the entire user base for the company you're completely leveraged on (Tesla), in exchange for people who make on average less per year than your average Tesla costs.