• ikidd@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    11 hours ago

    10 months of massive sales declines in a market that’s flocking to EVs. And their share price doubles in that period of time. Totally rational.

    • shalafi@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      23 hours ago

      Investors and fund managers know damned well they’re holding a swelling water balloon. As with the AI bubble, they’re trying to ride the tiger and bail at the last minute. Problem with riding a tiger is you can’t really get off without getting chewed up, hence the saying.

    • Rimu@piefed.social
      link
      fedilink
      English
      arrow-up
      5
      ·
      1 day ago

      Yeah my first read of the headline got into my brain as “Tesla stock tumbles nearly 50% in October” which made a lot of sense.