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Tesla stock went UP after announcing a huge drop in sales and profit with the only “good” news being Musk backing away from DOGE. How in the world did the promise of his return to the company help? Further evidence that Tesla stock value isn’t based on anything tangible
I’m decently sure it was less so based on the earnings but rather the fact that so many people bought PUTS against tesla stock. Hedge funds figured they could use this to their advantage and the earnings report was an easy date to generate profit, even if on paper it sounds like a bad stock.
Don’t get me wrong though, i hate tesla and elon.
