Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever.

Tesla Gets a $94 Billion Reality Check as EV Winter Sets In::Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever.

  • Zeppo@sh.itjust.worksEnglish
    236·
    10 months ago

    Tesla definitely sucks, but headlines like this are so useless. Check out a 5 year chart. Tesla stock hit a 2 year low at the beginning of last year…. that was significant, down to 120. Then it recovered to a fairly average price, where it’s been since then (this made musk the person to “lose” and “gain” record amounts of wealth in a short time). The recent dip hasn’t been extremely significant…. It’s like 245 to 217.

    • ArbitraryValue@sh.itjust.worksEnglish
      122·
      10 months ago

      Yes, this “dip” is back to where they were on November 10, 2023, leaving the stock worth 66% more than it was a year ago.

    • Isoprenoid@programming.devEnglish
      8·
      10 months ago

      Tesla stock

      The price ain’t right.

      Your argument assumes that the price of the stock is fundamental, rather than partly speculative. I don’t think that’s a fair valuation of Tesla stock due to the ability of Musk to drum up speculation value.

      • Zeppo@sh.itjust.worksEnglish
        6·
        10 months ago

        Oh, it’s still wildly overvalued. Tesla is worth more than half a dozen other automakers combined, and I don’t see any reason for that. I’m just saying the current price doesn’t really represent a large drop.