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

#281

Post by JumpinJack_Cash » Tue, Dec 27, 2022, 11:06 PM UTC

It's time to fire the CEO.

Musk is like the Manager who brought a club from 3rd division to the Premier League, but he was paid spectacularly and the club doesn't owe him nothing more than a fair handshake and a great send-off with a guaranteed spot in the club HOF.

It's time to thank him and bring in an adult who can guarantee a top-4 Champions League spot consistently season after season, otherwise the club will follow the manager on his descending arc down to 3rd Division again.

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

#282

Post by [deleted] » Tue, Dec 27, 2022, 11:08 PM UTC

[deleted]

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

#283

Post by remote_phone » Tue, Dec 27, 2022, 11:08 PM UTC

I’ve been short since $300. I predicted $100 but now I think it could hit $68. We shall see!

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

#284

Post by bink » Tue, Dec 27, 2022, 11:09 PM UTC

SkipperCat wrote: post #277

Going by its P/E, its still overpriced compared to every other car manufacture, but its getting back down to a rational level. Its only 6x Ford and GM and about 4x Toyota.

I always used to laugh when people would bring up battery tech and solar when talking about TSLA's absurd valuation, but I think it's starting to become more relevant as it approaches a more realistic market cap. It's still too high though.

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

#285

Post by givemeethekeys » Tue, Dec 27, 2022, 11:10 PM UTC

seydor wrote: post #280

after tesla deflates, who s next

There are a handful of large tech companies with high PE’s. All names that we are all very familiar with. All good businesses, but overvalued.

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

#286

Post by programmarchy » Tue, Dec 27, 2022, 11:10 PM UTC

seydor wrote: post #280

after tesla deflates, who s next

Most of the big tech companies have 5-year charts similar to Tesla. The exception is Apple. Are they immune?

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

#287

Post by roflyear » Tue, Dec 27, 2022, 11:10 PM UTC

remote_phone wrote: post #283

I’ve been short since $300. I predicted $100 but now I think it could hit $68. We shall see!

Congrats!

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

#288

Post by petilon » Tue, Dec 27, 2022, 11:11 PM UTC

Musk confronted Bill Gates for shorting Tesla [1] then proceeded to sell tons of TSLA himself. What a hypocrite! He is still selling TSLA, most recent sale was 12 days ago for $3.6 billion.

[1] https://www.cnbc.com/2022/04/23/elon-musk-tweets-that-he-con...

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

#289

Post by M3L0NM4N » Tue, Dec 27, 2022, 11:11 PM UTC

Remember, narrative follows the price. I've never touched the stock because it's been a very, very, very overpriced stock for a while. If it came down to a reasonable multiple, only then would I consider buying it.

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

#290

Post by alzaeem » Tue, Dec 27, 2022, 11:12 PM UTC

JumpinJack_Cash wrote: post #281

It's time to fire the CEO. Musk is like the Manager who brought a club from 3rd division to the Premier League, but he was paid spectacularly and the club doesn't owe him nothing more than a fair handshake and a great send-off with a guaranteed spot in the club HOF. It's time to thank him and bring in an adult who can guarantee a top-4 Champions League spot consistently season after season, otherwise the club will fo…

But then Eddie Howe moved to Newcastle and is on track to get them into the coveted Champions League spots... Is that a risk you wish to take?