Tesla has lost so much value in such a short period of time that JPMorgan analysts said they couldn't think of another comparable moment in automotive history.

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[–] stoy@lemmy.zip 35 points 4 months ago (5 children)

Tesla has been a bubble waiting to burst for a long time now, all I can say is "finally"

[–] nilo@lemm.ee 13 points 4 months ago (4 children)

I remember I bought some Tesla stock back in September 2019 knowing full well that it was a bubble. I just believed in their vision. My friends made fun of me for buying into the hype. I sold the stocks when they doubled in price. Now, even after the recent fall, the stock price is more than 10 times what I bought them…

[–] Zikeji@programming.dev 13 points 4 months ago (1 children)

Any gain is a gain. I had to learn this after Bitcoin. Bought a bunch at $100 a pop, sold them later when it hit $250 a pop. This was a day or two before it skyrocketed to ~$1400. Kicked myself then, but came to terms. Now look at them lol.

[–] glimse@lemmy.world 1 points 4 months ago

I had to sell all my bitcoin to hire a lawyer when someone tried to commit title fraud on my condo in 2015. Didn't really have a choice but goddamn does it hurt considering I was in debt because of it for the next 5 years

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