Tesla’s profit dropped 46% year over year, the company revealed in its earnings update Wednesday evening.
That was not exactly a surprise — in fact, it was better than most analysts had expected. Tesla had already reported sales for the quarter, which showed the continuation of a slump that stretched through much of the year. More revenue from other parts of the company, like a growing energy storage business, haven’t made up for the fact that Tesla’s not selling as many cars as it used to.
Tesla, once the undisputed global leader in electric vehicle sales, has lost that crown as its brand reputation has soured and competition — particularly from China — has grown more intense.
How the fuck is their stock price still so high?
Elon figured out how to manipulate it using gamma squeezes. Phillip Low fired him for trying to manipulate their company’s stock price in 2021. Surely he’s doing the same thing with TSLA.
Try to short TSLA and you will lose. He’s made himself the world’s richest man on this house of cards. Everyone knows it’s overvalued, but somehow, line go up.
I think this is part of why he had to prop up Trump and fix the election for him. Biden’s administration was onto him. He’s on tape saying if Kamala won, he’d end up in prison.
https://www.reddit.com/r/options/comments/hk7nqe/tesla_infinity_call_gamma_squeeze/
https://www.reddit.com/r/teslainvestorsclub/comments/1icom15/philip_low_longtime_friend_and_peer_of_elon_musk/
By successfully distracting the investors from the fact that they’re essentially a car company failing to sell cars.
“Robots soon! And they’ll travel to mars! SpaceX partnership!”
Everything is a scam.
Lots of institutional investment accounts, with lots of Tesla stock. They rode it all the way up, but as it slowly slides, they’ll start dropping it, until they all finally jump ship, and it crashes.