this post was submitted on 05 Apr 2025
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Not sure if it's adequate to list Tesla next to the Dow Jones, S&P 500 and Nasdaq as if they were equally important for the economic situation of the country. Tesla historically skyrocketed and plummeted several times. It's more a meme stock IMHO than a representative indicator of stability.
Walz has been specifically mocking Tesla's stock plummet these past few months. Hes not saying they are equally important, hes just using this to taunt Musk.
A 1 day 10% drop is a gut punch worth mentioning. Being a meme stock means that the only thing holding it up is the idea that it will always go up. When the meme fades and it has to compete on fundamentals, a car company missing sales targets by 13% in one quarter ain't gonna do it.
Thanks for clarification. Still, looking at the Tesla chart similar upward/downward movements happed several times. It doesn't appear that special to me for that stock.
And yes, Tesla is not the same category of meme Stock as Gamestop. Still, compared to other stocks, the development of the share value is far less dependend on the operative success of the company. It feels more like a Musk stock that's influenced by news and tweets around his person going back and forth between hype and desaster.
It's a little special. The CEO of GameStop didn't turn every rational thinking person against him.
The only people still supporting Elon cant afford his car. So they can buy the stock just to have the stock, but that wont be enough to save things for them.
People will stop buying Teslas. If not anything else, they will stop buying Teslas because they are tired of buying new Windows.
Did autocorrect capitalize "windows," or does Windows 11 installation come with a free cybertruck now? They're both essentially spyware, so I guess the pairing works.
The model 3 is a rock magnet. I think I've had my windshield replaced 5 or 6 times in 6 years.
Tesla is 2.4% of the entire NASDAQ market cap and serves as a significant chunk of financial portfolios across the banking sector. Hugely influential company, even before you get into how it's revenues prop up Starlink and Twitter.
Changes in the Tesla price have big downstream impacts on bank liquidity, future demand for computer hardware, and pension performance. It quite literally moves markets.
Counterpoint: it's all gambling on the stability of the United States.
Or lack