- cross-posted to:
- evs@lemmy.world
- cross-posted to:
- evs@lemmy.world
- Investors, analysts and the general public seem deeply unimpressed with Tesla’s robotaxi event earlier this week.
- Tesla’s stock closed down 8% on Friday, when it was supposed to be a propulsive event for the company.
- CEO Elon Musk has vowed to make Tesla into an AI and robotics powerhouse, but proof of this plan feels in short supply.
Here’s their all time stock price graph. Not exactly a death spiral, though that 3y performance number makes it sound so. The 1, 2, and 5 year numbers don’t tell the same story. You might even say it was a bit of a cherry pick.
Disclaimer: I own no TSLA shares. I just know how to manipulate stats for effect, so I know when it’s being done to me :)
Still doesn’t look good for a company to lose 50% on its all time high