Tesla can't find buyers for the current backlog of nearly 2,400, or $200 million worth of Cybertrucks, despite claiming over a million orders were received.
This relates to the “zigzagging spikyness” you often see with the stock market. Each time a stock falls, many people are going to ask themselves “Hey, do I think that other people are wrong about this property being worthless? Maybe this is a good chance to buy, before they bounce back.”
There’s a mental appeal to the middle, it’s just a question of what the correct “middle” is. That’s also why many investors were cautioning people against selling during Trump’s week-long tariffs (of course, if you believe the USA is on its last legs, that may be a good idea). You’re probably seeing those purchases from those that feel the Tesla Takedowns will run out of steam, which is why it’s important to keep them up.
This relates to the “zigzagging spikyness” you often see with the stock market. Each time a stock falls, many people are going to ask themselves “Hey, do I think that other people are wrong about this property being worthless? Maybe this is a good chance to buy, before they bounce back.”
There’s a mental appeal to the middle, it’s just a question of what the correct “middle” is. That’s also why many investors were cautioning people against selling during Trump’s week-long tariffs (of course, if you believe the USA is on its last legs, that may be a good idea). You’re probably seeing those purchases from those that feel the Tesla Takedowns will run out of steam, which is why it’s important to keep them up.
(Reminder if you haven’t been to one…)