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Elon Musk Loses a Billion Dollars Every Time the Tesla Stock Drops by $2.43 (www.ibtimes.co.uk)

submitted 3 days ago by CowsLookLikeMaps@lemmy.ca to c/anticonsumption@slrpnk.net

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[–] LovableSidekick@lemmy.world 4 points 2 days ago (1 children)

Tesla stock ballooned recently but it's higher right now than it was 6 months ago, so whatever.

[–] hex_m_hell@slrpnk.net 1 points 1 day ago (2 children)

It made a slight recovery, but it's significantly lower than it was a year ago. It's gone significantly down since the Tesla protests started. It's not a real company, so at some point it's going to crash anyway.

[–] LovableSidekick@lemmy.world 1 points 1 day ago* (last edited 1 day ago)

My graph shows 6 months, and like I said it's slightly higher now than it was in November. It's not "crashing". Also note, this is a factual observation about a stock price, not a defense of Elon Musk or "taking his side" on any subject or in any sense whatsoever.

[–] oo1@lemmings.world 2 points 1 day ago

That graph is YTD, not 12M. It's lower than it was in Jan 2025. But not Nov 2024.

TBH both of these graphs are short term, if this is a very hyped stock it's hard to say what is overvaluation or undervaluation or overcorrection, or how big or prolonged any "overshooting" might be. See where it is this time next year maybe.