Tesla has lost so much value in such a short period of time that JPMorgan analysts said they couldn’t think of another comparable moment in automotive history.

  • stoy
    link
    fedilink
    arrow-up
    31
    ·
    10 hours ago

    Tesla has been a bubble waiting to burst for a long time now, all I can say is “finally”

    • nilo@lemm.ee
      link
      fedilink
      English
      arrow-up
      13
      ·
      10 hours ago

      I remember I bought some Tesla stock back in September 2019 knowing full well that it was a bubble. I just believed in their vision. My friends made fun of me for buying into the hype. I sold the stocks when they doubled in price. Now, even after the recent fall, the stock price is more than 10 times what I bought them…

      • Zikeji@programming.dev
        link
        fedilink
        English
        arrow-up
        12
        ·
        10 hours ago

        Any gain is a gain. I had to learn this after Bitcoin. Bought a bunch at $100 a pop, sold them later when it hit $250 a pop. This was a day or two before it skyrocketed to ~$1400. Kicked myself then, but came to terms. Now look at them lol.

        • glimse@lemmy.world
          link
          fedilink
          arrow-up
          1
          ·
          5 hours ago

          I had to sell all my bitcoin to hire a lawyer when someone tried to commit title fraud on my condo in 2015. Didn’t really have a choice but goddamn does it hurt considering I was in debt because of it for the next 5 years