The End of the Tesla Hype? Falling EV Sales Expose the Robotaxi Mirage

He sold us Tesla owners on the snake oil magic of FSD, and now he is trying to sell even people who didn't buy the cars. Stock will still go up though probably (shrug)

Snake oil salesman Musk producing junk.

Read the whole thing and nary a mention of the biggest factor-fElon Musk himself at the helm.

He's not selling junk! He's selling high quality, expeller pressed, snake oil!

Oh, so hardened carp. Got it.

scammy mirage: do the math

Their top management are the ones screwing this innovative talented company up. They jump at butterfly’s and try to sell us it as something they are doing and are successful at. It’s all bs. The upper management of Tesla needs a change. I am scared for the thousands of employees who put in hard work everyday thinking they are helping to change the world only for thier leadership to jump the shark on every new shinny thing.

All those billions shareholders lost in Enron was peanuts comparing with Tesla going bust.

Its too big to save, at the moment if it goes up 1% it adds around $10bn to its market cap, it went up 4% the other day, which was the entire value of Ford. Ford sold 4.5m cars and had $173Bn in revenue last year.

Which is 10x parameters better than than the Algorithm and robochef predicted.

All of this bad news is going to shoot the stock up to $400.

That’s actually insane

You are kidding but I lost 25k this week in TSLA puts, no idea what is keeping the stock up 🥲.

It’s a meme stock. It will only fall, when professional investors realize that Tesla has structural financial issues. Financially Tesla is doing worse and they really have a problem, but they still have a lot of cash to burn and as long as this is the case and Cathie and private investors continue to buy, the stock will go up.

The 'robotaxi' launch seemed to be super low budget. No money to spare for it.

It's very risky to short a meme stock. It's 20X it's fundamental vale BECAUSE it behaves irrationally. And the market can stay irrational longer than you can stay solvent.

So many irrational ventures are at all times high. It really feels it'ss Will E Coyote running on air and still not realizing there is a cliff below.

Still the stock goes up.

They know it. They are putting OUR money in the stock not their money in. Also I suspect Donald is going to buy a chunk of the company with tax dollars to help out Elon and the wall Street money men.

There was nothing about that that could be reasonably called a launch. It was very limited, very small scale Alpha testing.

The stock market is like the best or the worst casino ever, depending on how much money you’re able to play with. I don’t understand all the mechanisms of it, but when you have colossal funds you can make money when stocks go up and also when they go down. That’s just bizarre.

No razzmatazz or show or anything.

Yeah I gave up now, still haven't closed the puts but probably will have to do so at a loss. I made quite some money in the past selling OTM calls and it was entertaining but I think I will focus my energy on stocks that are a bit more rational.

They’re going to compare Q3 with Q2 to show how great everything is going. Instead of pointing out YTD decline. Dan Ives will spray his shorts. Cathy Woods will look like she was pleasured by an Optimus .

Spot on.

Hahaha spot on.

>It will only fall, when professional investors realize that Tesla has structural financial issues. Most professional investors are well aware of these issues.

Top management has been reportedly selling a big chunk of their stock. They must know what’s coming and are jumping ship before they hit the ice berg.