Electric car technology will continue to advance even if Musk fucks off and dies.
Day Trader Army Loses All the Money It Made in Meme-Stock Era
For investors looking for signs of a market bottom, retail behavior is something to watch, according to Morgan Stanley analysts including Christopher Metli.
“Traditional capitulation is typically marked by a quick de-grossing by hedge funds + systematic macro strategies, where positioning is already light,” Metli wrote in a note last week. “Instead, the next leg of de-risking is likely to be more gradual, coming from asset allocators/real money/retail and is therefore likely slower to play out, making a precise bottom more difficult to call.”
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I’m not feeling particularly smug.
I made my first foray into the market and put a large proportion of my net worth into a nice balanced range of ETFs, exactly as the nerds recommend.
Unfortunately I timed it exactly at the peak and I’m now 10% down…
Oh well. At least I wont need to time the bottom of the market.
The idea that all sorts of mom and pop investors were going to collectively pool their resources into solving ecological challenges in the absence of Tesla seems dumb on it’s face to me. I don’t have a counter argument because I cannot understand what thought process could lead to that idea.
SpaceX has filled a void and spurred a lot of technical development in rockets and Tesla’s commercial success is arguably one of the main reasons the rest of the auto industry is embracing electric cars so aggressively.
People can make the argument that these companies are succeeding in spite of Musk and not because of him, but these things don’t happen without some leader to who is able to attract both talent and capital and provide a vision.
i dont think you were at the peak if only down 10%
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Brag: I got out of my oil stonks near the top and decided to keep the proceeds in cash as dry powder for a time like this.
Beat: I got greedy and decided to double down on cruise stonks instead, which are now tanking at twice the rate of the market. 
So much for one last bank heist.
I deserve it. I said I was going to sell them and never buy again, because they are pretty evil companies.
You guys are deluding yourselves if you think the electric car market would be in the state it’s at today, or on the trajectory it’s on, if Musk didn’t exist.
Douchebag, narcissist, on the spectrum… sure, he’s all of those. Making a big bet and getting lucky, sure.
But if Tesla isn’t innovating, and bringing ACTUAL electric cars to market, there is zero chance legacy automakers are investing the billions they are now in EV’s to try to keep up. The reasonably affordable Model 3 completely changed the car market landscape. It’s a quantum leap forward on par with the iPhone 1.
To say nothing of what he’s built at Tesla, however overvalued y’all may feel it is.
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Tesla being overvalued is part of what makes Tesla important. The hype and the fanboys are probably more important for driving demand for electric cars than the engineers. The older carmakers want a piece of that, there is a lot of money to be made with hype
There may be some truth to this but it’s an incomplete picture. You are overly focused on the US market.
The growth in EVs is much more driven by subsidies in Europe than anything else. Which would have happened without Tesla.
Feel like the Prius has an under appreciated role in getting cknsumers into the idea of electric vehicles.
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The oil stonks or the cruise stonks?
Still not ready to list any of the stonks you own, but keen to judge others for theirs? Cool.
I don’t hardly own any stocks. The little I have is indexed. Maybe a couple dozen dollars in slave ships! Nice try though!
I mean come on, this means you own stock in all kinds of horrible companies.
100-1000x less than suzzer has in his career who has spent years moralizing about investments. Anyways I’ll quit. Just didn’t know which disgusting thing he was gambling his retirement on that he was referring to since he didn’t specify.
I mean he even says he knows it in his own post…
And remember this attack on my moral fiber for owning cruise stonks is all in the context of me being skeptical of NFTs, which are a more ethically pure investment, apparently.
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The entire Wichita/Suzzer snipe fight about Cruise Stonks vs NFTs has taken place over like 4 different threads over 3 months now, it adds nothing to the community and is kinda beneath both of you as Posters.
Trade numbers if you just want to pointlessly yell at each other.
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Is the NFT market just completely dead? How anyone thought that bullshit was going to last I’ll truly never understand.
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When are CPI results out? This week right? I bet we see some random +2% day when CPI is (only) 6.8% yoy or something. Ofc the market drops 2% the day after.
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