This is a most excellent place for technology news and articles.
the dreaded “death cross,” a historical indicator of a likely downturn for the company
[...] occurs when a company’s 50-day moving average crosses and drops below the 200-day average.
Fuck Tesla and all that, but holy shit is that standard ever a depressing indicator of to just how reliant late stage capitalism is on endless growth that a tiny dip after half a year of stagnation is a reliable indicator of a company's imminent failure.
No such thing as a death cross for a company that is now embedded at the highest level of the federal government. Don't get too excited, ass hat and the swasticars aren't going anywhere. If you havent dumped your Tesla yet, get fucked at this point.
There is only so much they can do to prop it up. If noone is buying them, and noone wants the stock, its going to go down short of the govt literally buying the stock and handing it over to musk.
That unfortunately would not surprise me. How sad.
Tesla could literally never sell another car again, and it wouldn't matter as long as people continue to buy the stock.
It's been wildly over priced for a very long time, so clearly the people who are keeping it afloat aren't interested in whether the company is actually profitable or not.
I think those people were only buying and holding cause the stock price kept going up regardless of logic and reason. These people wanted to make money.
If they think they might lose money, I think they would probably sell.
Plenty of Teslas were bought before most people had any idea that Elon was a fascist sociopathic asshole. Not everyone who bought one can afford to just dump a functioning vehicle with shitty resale value. Anyways, we don't really want to see every Tesla on the road retired at the same time, so somebody will be driving them.
Cybertrucks are a bit different in my estimation. Anyone who bought a Cybertruck should have known who they were buying it from. Those owners bought that car to signal something, and I think it's fair to let them know that the signal was received.
I have to be honest, as someone who is not fully immersed in the financial markets, the chart pattern reading kinda strikes me as astrology for guys in suits.
I feel this deep in my bones
astrology for guys in suits
Naw they already made that, it's called the "Myers-Briggs Type Indicator".
Different parts of astrology. The MBTI stuff replaces the horoscope/personality side of things, whereas chart reading replaces the future readings.
To a large extent it is, the major difference being that when people take actions based of these signs, it influences which way the chart goes next, unlike the planets, which do not care the slightest what people do based on their actions. Thus you can end up making a lot of money if your actions are 1) correctly anticipating subsequent actions by other people and 2) sufficiently in advance of other actions. Which makes inside trading and pump-and-dump schemes great ways to get filthy rich, if you find yourself in a position to be able to pull that off. Or if you are lucky. Or if you have made a name for yourself and everyone else just assume you know what you are doing and follows (Warren Buffet comes to mind).
Oh my God this is so f-ing true. It makes me think a lot of sociology classes I took in college where we'd talk about the artificiality of money how it's only meaningful because we have collectively decided it is. The folks who try to make it all scientific with lots of elaborate analytics and complex charts are basically just engaging a social math exercise.
The fact it’s still at $250 per share as of writing this is still alarming af.
Yeah, it's absurd.
The earnings call on the 22nd should be very interesting.
They steal from OpenSource, they're a privacy nightmare ?
You forgot:
I’m sure I’m forgetting a bunch of other stuff.
Edit: Here’s one right off the press, still hot: https://arstechnica.com/cars/2025/04/tesla-makes-its-cars-lie-about-their-mileage-lawsuit-claims/ 😆 🤦♂️
We can go lower!!!
Here’s how it looks all time
I would like to remind everyone, as people seem to keep forgetting, Tesla means nothing to Elon. It could go to zero and it wouldn't affect him.
Twitter, or X, means nothing to Elon. It could collapse and shut down and it wouldn't affect him.
SpaceX is his baby. Nothing even comes close. Starlink alone guarantees he will always be one of the richest men in the world.
That's a testable hypothesis: burn Tesla, Twitter, SpaceX etc to the ground. We can measure his reaction to each, and compare.
No, he cares for Twitter.
SpaceX lets him pretend he's some great tech genius, but Twitter is what gives him the validation he craves. All the pro-Elon bots and stans there who fellate him feed his narcissistic desire to be loved.
That's why he "sold" Twitter to xAI. So if Tesla does tank hard enough and he gets margin called, he can't be forced to sell Twitter to cover it.
If Elon is such a genius, let's see him stream Kerbal Space Program. I would love to see him get to Mun and back.
That's fine, let's still take down Tesla for good measure
Tesla means nothing to Elon.
Then why did he ask Trump to shill Teslas for him? He definitely cares, for narcissistic ego reasons if not financial ones.
It could go to zero and it wouldn't affect him.
He leveraged his Tesla stock to buy Twitter. If the stock drops below a certain price, the banks will confiscate the stock. If it's not enough to cover, they'll confiscate Twitter.
But maybe I'm wrong. I would love to find out either way.
That's why he "sold" Twitter to xAI. It's no longer "his", so he can't be forced to sell it. Loopholes within loopholes, it's the billionaire way.
Not exactly I’m pretty sure he’s using his stocks as collateral for lots of stuff.
I hear what you are saying, but I still like to see Nazis hurt.
Let’s make Tesla a penny stock.
I checked and TSLA is still up from where it was 6 and 12 Months ago, how is it in a death cross?
Unfortunately the stock seems fine to my.
it's just a moving average cross. 50 day MA moves below 200 MA, that's it. Can be a bearish sign but I've seen it bounce in this moment a bunch of times.
But technical analsyis is just drawing imaginary lines on a chart, they know nothing about how stupid Trump and Musk are so it might very well be bearish. At least I hope so. I want to see him get margin called at 114$ or so they say.
Technical analysis is where gambler's fallacy meets self-fulfilling prophecy. Though other forces are also in play.
Yup. It's back to roughly October levels, like the rest of the S&P 500.
Yes. But didn't the entire stock market (SPY) do the same thing on the daily chart?
But if they specifically call out Tesla, they get more clickbait engagement, plus it now qualifies as a tech story! Double win!
They actually lampshade this further down the article, at the point where clickbaiting has fulfilled its goal.
It's almost nostalgic being mildly annoyed at some slightly sub-par journalistic ethics displayed by Gizmodo and company. Feels quaint and nostalgic now. I honestly didn't know Gizmodo was still running, if I'm perfectly honest. It's been quite the decade.
Death crosses are bullshit chartist woo.
"...the dreaded “death cross,” a historical indicator of a likely downturn for the company.
"Business Insider called out the event, which has been hitting the stock indexes of some major players over the last couple of weeks as tariff trouble has hit just about everyone. Tesla is just the latest to see the symbol of bearishness, which occurs when a company’s 50-day moving average crosses and drops below the 200-day average.x
Anything new mentioned in this article?
He doesn't care. He wants it to tank because then he can buy it out and go fully private again.
If the stock really tanks (I've heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
wouldn't surprise me if he gets bailed out with tax money
That's not how any of this works.
Except, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.
