Tesla stock’s descent into hell – Finance
This is a crisis, but with a paradox: the unemployment rate is generally decreasing. Even in Brussels, a city that has accustomed us to extremely high unemployment.
It can be imagined that the luxury segment suffered along with the crisis. No, it works great. Bernard Arnault, the proud founder and owner of LVMH, the world’s leading luxury group, has dethroned Elon Musk for the title of the world’s richest man. To be fair, the main reason for this is that Tesla shares are down 75% since their all-time high. We can directly talk about the huge stock market crash for Tesla. Being the main source of Elon Musk’s wealth, he was inevitably relegated to the podium of the richest men. Mark Zuckerberg, the owner of Meta, and even Jeff Bezos, the founder of Amazon. While everyone thinks e-commerce is a hit, Amazon doesn’t quite agree, otherwise how else could the global e-commerce giant lay off 18,000 people worldwide. Meta, ex-Facebook does the same with 10,000 people. In Belgium, the head of the team is completely cut off, there is no one left.
Technical stocks do not rotate
The key lesson of 2022 is this: tech stocks don’t skyrocket. Stock market experts believed this for many years, and they were right. These stocks have been going up for years, come rain or shine, the only direction these tech stocks have gone up. By 2022 there, there is a terminal stop, everyone gets off. The Nasdaq index, which aggregates these values, lost 22% in 2022, the largest decline of all American indices.
But back to Tesla. It is also a brand that all investors dream about. At one point, its valuation was equal to that of the 10 largest global car brands combined. Today we are far from it. A Tesla stock in prime condition was worth $360 and today flirts with $108. Lesser-known boxes like its rivals Rivian or Lucid, which also make electric cars, saw prices drop by 83%. But as always, some people’s misfortune is others’ happiness in the stock market. Bill Gates, to name a few, is one of those who bet on Tesla stock falling, and he has $17 billion in 2022. As for the others, short sellers, in other words, bear speculators, they enjoyed and made money. A fortune in 2022. Despite this setback, Tesla stock remains the second most popular value among small American investors. Probably because they are victims of confirmation bias. Cognitive bias, well known to psychologists, means that when you buy something, you stick with it no matter what because you don’t want to admit you were wrong. Putin must suffer from the same syndrome.
It can be imagined that the luxury segment suffered along with the crisis. No, it works great. Bernard Arnault, the proud founder and owner of LVMH, the world’s leading luxury group, has dethroned Elon Musk for the title of the world’s richest man. To be fair, the main reason for this is that Tesla shares are down 75% since their all-time high. We can directly talk about the huge stock market crash for Tesla. Being the main source of Elon Musk’s wealth, he was inevitably relegated to the podium of the richest men. Mark Zuckerberg, the owner of Meta, and even Jeff Bezos, the founder of Amazon. While everyone thinks e-commerce is a hit, Amazon doesn’t quite agree, otherwise how else could the global e-commerce giant lay off 18,000 people worldwide. Meta, ex-Facebook does the same with 10,000 people. In Belgium, the team is completely beheaded, and there is no one left. The main lesson of 2022 is this: technology stocks do not skyrocket. Stock market experts believed this for many years, and they were right. These stocks have been going up for years, come rain or shine, the only direction these tech stocks have gone up. By 2022 there, there is a terminal stop, everyone gets off. The Nasdaq index, which aggregates these values, lost 22% in 2022, the largest decline of all American indices. But back to Tesla. It is also a brand that all investors dream about. At one point, its valuation was equal to that of the 10 largest global car brands combined. Today we are far from it. A Tesla stock in prime condition was worth $360 and today flirts with $108. Lesser-known boxes like its rivals Rivian or Lucid, which also make electric cars, saw prices drop by 83%. But as always, some people’s misfortune is others’ happiness in the stock market. Bill Gates, to name a few, is one of those who bet on Tesla stock falling, and he has $17 billion in 2022. As for the others, short sellers, in other words, bear speculators, they enjoyed and made money. A fortune in 2022. Despite this setback, Tesla stock remains the second most popular value among small American investors. Probably because they are victims of confirmation bias. Cognitive bias, well known to psychologists, means that when you buy something, you stick with it no matter what because you don’t want to admit you were wrong. Putin must suffer from the same syndrome.
