Tesla

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About Tesla

Tesla Inc. (formerly Tesla Motors) is an energy + technology company originally from California and currently headquartered in Austin, Texas.

They produce electric vehicles (with a heavy focus on autonomy), batteries, and energy/solar products for the grid.

Tesla’s mission is to accelerate the world’s transition to sustainable energy.

founded 2 years ago

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Tesla Stock Drops Below $400. Retail Investors Keep Buying. (www.barrons.com)

submitted 1 month ago by zabadoh@ani.social to c/teslamotors@lemmy.zip

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[–] zabadoh@ani.social 7 points 1 month ago* (last edited 1 month ago) (1 children)

From that liberal commie rag Barrons:

Key points, as noted in the article:

Tesla stock declined 6.6% to $401.99, making it the worst performer in the Nasdaq 100.
Retail investors own approximately 41% of Tesla’s tradable stock, significantly higher than the 25% average for other Magnificent Seven companies (note: That's Facebook, Amazon, Apple, NVidia, Google, M$, Tesla)
Retail shareholders have purchased $1.1 billion more in Tesla stock than they sold over the past week.

When institutional investors GTFO, maybe it's time to dump your own shares?

[–] joekar1990@lemmy.world 6 points 1 month ago (1 children)

Man kinda crazy the share amount is 41% for retail, but Tesla is a cult that's made a lot rich based on potential value rather than actual numbers. I doubt anyone would dump their stock but look at it like "buying on discount"

[–] zabadoh@ani.social 4 points 1 month ago

It's a game called "who wants to be left holding the bag when the music ends"