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Tesla's latest decline could be one for the history books, JPMorgan analysts say (www.businessinsider.com)

submitted 5 days ago by slartibartfast@lemm.ee to c/world@quokk.au

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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 33 points 5 days 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 5 days 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…

[–] zecg@lemmy.world 5 points 5 days ago (1 children)

knowing full well that it was a bubble. I just believed in their vision.

[–] nilo@lemm.ee 1 points 4 days ago

Yep. That didn’t age well.

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