This website contains age-restricted materials including nudity and explicit depictions of sexual activity.
By entering, you affirm that you are at least 18 years of age or the age of majority in the jurisdiction you are accessing the website from and you consent to viewing sexually explicit content.
Stock price has nothing to do with reality. Even when the stock price goes up or down coinciding with profits going up and down, it’s just that – a coincidence. Many times you’ll see amazing earnings and the stock will drop because “it’s priced in” (it’s always priced in except when it’s not) or “future outlook didn’t look good” (unlike the amazing outlook of tesla which is promising robots and robotaxis and other vaporware).
Their Q1 earnings report comes out next month, so that’ll be interesting at least. Don’t expect market reactions to be logical. It may seem to go up or down appropriately, but the primary mover is not reality.
So even though the value is dropping, it could mean it’s much higher or lower?
Even if tesla’s sales tank and their profits turn into heavy losses, they can still be valued more than all the other automotive companies. The excuse could be because “tesla is more than just an automotive company” but after a decade of not delivering on full self-driving like promised, you’d think investors would understand that musk is full of it.