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   Christine Burns MBE 🏳️‍⚧️📚⧖ (christineburns@mastodon.green)'s status on Wednesday, 26-Mar-2025 23:05:02 JST Christine Burns MBE 🏳️‍⚧️📚⧖

   Y'know I'm no investment wizard but I can't help suspecting someone is making a helluva lot of profit this week if they bailed on Tesla stock before the big fall and bought back in at the low point, which was reached mere days ago. As data continues to show plummeting sales of the cars themselves, the big investors in the overvalued company seem to be defying gravity to drive the price back up. A reminder that stock markets are gambling dens based on 'feels' and chicanery, not real value.

   • Embed this notice
     Flic (flisty@mstdn.social)'s status on Wednesday, 26-Mar-2025 23:04:57 JST Flic

     in reply to

     • Kim Spence-Jones 🇬🇧😷

     @christineburns @KimSJ a lot of nonsensical valuations by investment companies trying to get "retail" investors to buy and pump the price up so they can get out, as well, I think. Yesterday's was a particularly comical one https://finance.yahoo.com/news/cathie-wood-sticks-tesla-predicts-012052379.html

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     Christine Burns MBE 🏳️‍⚧️📚⧖ (christineburns@mastodon.green)'s status on Wednesday, 26-Mar-2025 23:04:59 JST Christine Burns MBE 🏳️‍⚧️📚⧖

     in reply to

     • Kim Spence-Jones 🇬🇧😷

     @KimSJ It had not escaped my notice that a number of vapourware stories had 'leaked' out about the taxi, new battery tech, etc.. But I'm not sure people are falling for that schtick in the same numbers they used to.

     GreenSkyOverMe (Monika) repeated this.
   • Embed this notice
     Kim Spence-Jones 🇬🇧😷 (kimsj@mastodon.social)'s status on Wednesday, 26-Mar-2025 23:05:00 JST Kim Spence-Jones 🇬🇧😷

     in reply to

     @christineburns
     The non-conspiracy theory would be that the markets still believe Musk’s bullshit about the imminent release of robo-taxis. I suppose that’s just about possible, if people refuse to learn from Musk’s history.

   • Embed this notice
     Kim Spence-Jones 🇬🇧😷 (kimsj@mastodon.social)'s status on Wednesday, 26-Mar-2025 23:05:01 JST Kim Spence-Jones 🇬🇧😷

     in reply to

     @christineburns
     I continue to wonder *who* exactly is buying TSLA. Is this artificial price support by people who can afford to?

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     Christine Burns MBE 🏳️‍⚧️📚⧖ (christineburns@mastodon.green)'s status on Wednesday, 26-Mar-2025 23:05:01 JST Christine Burns MBE 🏳️‍⚧️📚⧖

     in reply to

     • Kim Spence-Jones 🇬🇧😷

     @KimSJ I'm not sure. Normal speculation would occur when people judge the stock has gone as low as it ought and that would push the price up. But, at some time, reality has got to bite. I see the other tech stocks have been rebounding too -- Apple, Amazon, etc..