Tesla sales in January were -17% lower than the same time last year.

[carnage4life@mas.to]

Tesla sales in January were -17% lower than the same time last year. However its stock price is +22% higher.

I don’t think I’ve ever seen the business performance of a company and its stock price diverge this much.

The question is how much longer can Elon’s cult prop up the stock?
https://www.newsobserver.com/news/business/article314701754.html

[mwyman@mastodon.social]

@carnage4life is it his cult, or financial shenanigans?

[ethicalprofessor@mstdn.social]

@carnage4life

Possibly until the Marks run out of money.

[misusecase@twit.social]

@carnage4life If you subscribe to the theory that the stock market is a graph of rich people’s feelings, then the conclusion to draw is that the rich people don’t care about what’s actually going on with Tesla, they just like Elon Musk and what he’s about.

[briansullivan@mastodon.sdf.org]

@carnage4life Truth Social, GameStop come to mind?

Tesla has become (maybe always was ?) a meme stock.

[0x575446@mastodon.social]

@carnage4life This bit raises some pretty big red flags about those numbers: "Interestingly, 72% of its January 2026 sales were Cybertrucks"

That makes me think he's using SpaceX purchases to juice the numbers like the end of last year.

[scooter@labyrinth.zone]

@carnage4life One unusual thing about this is that Musk used Tesla stock to leverage all of his other purchases, primarily Twitter but also including SpaceX. Thus, to an extent, as Tesla goes, so goes Musk.

I don't know if that has anything to do with the artificial inflation of that price, however.

[slims@famichiki.jp]

@briansullivan @carnage4life Truth Social is a public company?

[briansullivan@mastodon.sdf.org]

@slims @carnage4life

Trump Media and Technology DJT

[patsplat@open-ground.org]

@carnage4life those companies are over valued because SpaceX provides “terrorism-as-a-service” ie world wide connectivity for drones with explosives

[tafadzwa@twit.social]

@carnage4life Tesla stock is kinda like Bitcoin