Submitted by datawazo t3_zl0t0n in dataisbeautiful
Comments
weluckyfew t1_j02nt1c wrote
I'm very curious to see their sales figures for the past few months - I have to think that owning a Tesla is rapidly becoming far less chic (not to mention all the new EVs on the horizon from everyone else)
anotheralpaca69 t1_j02o3ns wrote
I honestly don't think this is much correlation here.
[deleted] t1_j02v3ct wrote
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FalseEEngineer t1_j02zcso wrote
Maybe some correlation, but would make a stronger attempt at a point if you overlaid it with some relevant index fund to show that it's not just following larger market trends.
HeartbrokenFitNerd t1_j031h1z wrote
Agreed. Came here to say same thing - OP should decorrelate it with respect to major indices first. Given the massive drop over the course of this year and based on what I'm seeing here, I'm guessing the result will be either underwhelming or maybe even demonstrate general growth
Bewaretheicespiders t1_j035h9p wrote
This is basically the Nasdaq during this time period.
Bewaretheicespiders t1_j03h29k wrote
> I have to think that owning a Tesla is rapidly becoming far less chic
You have to get off reddit a bit more.
weluckyfew t1_j03jhql wrote
Spare me your ignorant patronizing - Musk wanted to make Tesla synonymous with himself, and now its fortunes are tied to his. If you don't think a lot of public opinion has soured on him you're not paying attention. His flailing with Twitter has become a national joke, and his actions (reinstating Trump, firing half the staff, tone-deaf statements) have taken away a lot of his luster.
[deleted] t1_j03lq3q wrote
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rhiever t1_j03nuib wrote
Teslas still dominate the EV market.
Bewaretheicespiders t1_j03p8rc wrote
No yeah, that rant clearly mark you up as level headed and well adjusted and not a little obsessed with whatever the latest reddit circlejerk is /s
sihtydaernacuoytihsy t1_j03sua7 wrote
What is this, r/Data_with_no_control_and_misleadingly_shortened_y_axes?
Elon's shown himself to be a a weird Q-adjacent redpill troll, but that doesn't excuse OP's misleading data visualization.
datawazo OP t1_j03tuf6 wrote
The y axis is the default from searching tesla stock on Google but valid point.
sihtydaernacuoytihsy t1_j03u488 wrote
Goddamn default settings. Fuck you up 3 times out of 10.
weluckyfew t1_j03v6un wrote
Wow. Are you so deep into the Musk cult that statements like "a lot of public opinion has soured on him" and "his actions have taken away a lot of his luster" qualify as a "rant"?
Dude, he's literally the butt of jokes on late night monologues now.
weluckyfew t1_j03vags wrote
The share is shrinking (but still high) - let's see where it stands in a year.
weluckyfew t1_j03wgbv wrote
lol just read that your GodKing is now promoting Qanon and is yet again accusing someone he disagrees with of being a pedophile forcing an innocent man into hiding after death threats.
But ya, it's crazy to think people would start to lose respect for him -
Bulky_Researcher226 t1_j03xwru wrote
Did you even read the article before referencing it?? That is the weakest article I’ve ever seen. I disagree with Musk on shit but saying that he promotes Qanon because he quoted the matrix is terrible journalism. To be fair, it’s par for the course for Reddit
weluckyfew t1_j03zxxx wrote
It's been a Qanon phrase for years ( here's 2018, and 2017 and white rabbit themed Qanon merch )- as Musk would know - and certainly the Qanon crowd thinks it was a wink to them. Add that to Musk's "Twittergate" conspiracy nonsense, a penchant for screaming "pedophile!" at his opponents, reinstating the accounts of Qanon folks, the Fauci conspiracy nonsense...
Spillz-2011 t1_j043g6y wrote
Nah Tesla is down 52% ytd nas is down 29%
[deleted] t1_j045231 wrote
Spillz-2011 t1_j0458qd wrote
I mean yes if the nas fell 80% farther than it actually did.
Spillz-2011 t1_j045eih wrote
I mean he’s gutted the solar side. He just needed investors to bail out his tanking company
Spillz-2011 t1_j045i5p wrote
What is 0/0? Then I can answer
bergercreek t1_j046upd wrote
Yeah, dude. You really oughta get off reddit more.
bergercreek t1_j046zia wrote
More likely now, probably.
TheeJackSparrow t1_j047epq wrote
Starting from the Twitter announcement on April 14 - the Nasdaq is down 16%. Tesla is down 51% for the same period. I'm going to have to boo your comment like when 18,000 people booed that dork hanging out with Chappelle the other night.
Cultadium t1_j0498a3 wrote
Which is often enough to be super annoying!
sleeknub t1_j0499if wrote
No indication of one, as far as I can tell.
sleeknub t1_j049lxd wrote
“Flailing” with Twitter? What flailing? And it’s not a national joke… where do you get that?
Tesla is doing absolutely fine when it comes to sales.
svaerde t1_j04b1ix wrote
The EV market is projected to grow from 800k/yr in 2022 to 4.8 million EVs in 2030 (US only). Even if the market share halves that’s still 3x 2022 sales. At the moment there is a huge supply shortage for EVs. Not sure how it is in the US but 12-18 months is considered a normal delivery time for a KIA/VW/Mercedes EVs in Europe. The only company able to deliver is Tesla with 2-6 month delivery times. That is due to scale, supply chain efficiency and vertical integration. Then you also need to consider that other manufacturers are selling at cost/loss whilst Tesla has a 30% margin on its cars which is huge in the auto industry.
stu54 t1_j04e87y wrote
The y axis is clearly labeled. Stretching the "interesting part" of a graph to fill the maximum space is the best practice.
[deleted] t1_j04efcy wrote
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TywinASOIAF t1_j04i0v7 wrote
It makes the drop bigger than it is. This doesnt look like a 50% drop in graph
sugar_addict002 t1_j04luhj wrote
Musk has gone full Mike Lindell.
Good_old_Marshmallow t1_j04m58l wrote
To be fair your CEO announcing he’s taking on a very demanding and publicly detrimental CEO of a completely unrelated company should in theoretical conditions negatively impact the stock price
Blake_56 t1_j04m8np wrote
Its benchmark would be NDX
bigorangemachine t1_j04mun9 wrote
I wish this would overlap with short interest :(
Additional-Local8721 t1_j04pit3 wrote
Wouldn't be surprised if that happens 1Q. Hope you're hedging with something.
Additional-Local8721 t1_j04ptlc wrote
I've been following Tesla since all they had was the Roadster and before Musk existed with Telsa. I always dreamed of buying one for myself, and I'm getting to the point where I might be able to afford an EV in the next 2 - 4 years. However, because of Musk, I will never buy a Tesla. There are plenty of other companies that will have EVs by the time I buy one.
Thialase t1_j04vepc wrote
sure perhaps now, but with time I don't think that'll be the case. Won't pretend like I know everything. But from the way I see things, in the U.S it's mostly left leaning people who want EV's badly. I'm sure rich right-wing people would buy them too, but right-wing people don't really buy into the whole EV / climate friendly aspect of things.
What I'm trying to say is, with the way musk has been behaving "lately", I think it's going to put off a lot of the people who'd normally want a tesla and make them buy something else, as they don't want to support musk. That, along with other companies making nice EVs are going to eat into their market share.
But hey I could be wrong and be talking out of my ass. Just saying what I think is going to happen.
stu54 t1_j04w60c wrote
If you don't look at the axis labels you are at fault for any misunderstanding.
ToddHLaew t1_j04xios wrote
Of course, I did my research. Plus my son gets a 15% discount on stocks since he works there. Tesla cars run on a 15% margin. All other EV car makers run at 7% or less. Tesla stock was overpriced, he even said so. The stock is currently driven down by his purchase of Twitter. This helps artificially drive the stock down.
GodzillaTomatillo t1_j04xqsc wrote
Even if I didn’t hate his politics, his absolute incompetence at Twitter has me not willing to go anywhere near a Tesla.
[deleted] t1_j04z70j wrote
334578theo t1_j04z7xw wrote
Probably just me but everyone time I see someone driving a Tesla I roll my eyes. It’s the ultimate signal of being a bit of a muppet. Similar to wearing Balenciaga clothes.
Yep knew it was just me
nova9001 t1_j052ylf wrote
Also spending most of his time at Twitter while Tesla is facing more competition.
[deleted] t1_j053nnp wrote
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nova9001 t1_j053pcn wrote
They are still dominant but losing market share because of all the new competition. In China, they used to be the no 1 EV seller but they are now no 2 and have to offer discounts to get their cars out the door. Not a good sign.
In US, Tesla is still very dominant and their 2 closest competitors, Ford and Hyundai far behind.
bnetimeslovesreddit t1_j054uqc wrote
First ceo of tesla leaves and elon hasn’t communicated tesla is in good hands to investors
ChlorineQueen t1_j055sf8 wrote
Rich right wing people buy trucks
WiseBeginning t1_j0577z8 wrote
But even the sp500 kind of shows it as exaggerating the market as a whole, all except the last bit there where it really tanks
gza_liquidswords t1_j058eue wrote
The more important point is that Tesla is not valued as an electric car company. This valuation might be $60-120B depending at most. Tesla's inflated valuation (was up to $1.2 trillion at one point!) is as a "tech" company, and that genius Elon will transform the world with his latest brilliant idea to make humanoid vacuum cleaners or whatever.
gza_liquidswords t1_j058s44 wrote
Even at $140 this puts Tesla valuation over $400 Billion. Tesla is worth at most $60-120Billion as an electric car company.
BrisPoker314 t1_j059ahw wrote
Pretty ironic though that the competition will have viable electric vehicles because of Musk lol
AbsentThatDay t1_j059u1h wrote
I can't stand more Elon and Twitter news in my feed, there's got to be a way to stop it. Downvoting isn't working, please call 911.
ParkingRelation6306 t1_j059zjn wrote
It was overvalued before any twitter talk. Sell now before it gets worse.
supified t1_j05ame5 wrote
Also spending all his time tweeting while in theory the ceo of five companies. So either the laziest ceo in history or a fake ceo.
nova9001 t1_j05asmt wrote
I like to bash him but there's no way Tesla or SpaceX would have been what they are today without him.
However, it doesn't mean he can't make mistakes and Twitter is just the prime example of it.
supified t1_j05bd0c wrote
Perhaps he has some talent somewhere that helped those companies be successful (though we can't discount engineers and scientists working there).
And perhaps the success and people calling him a genius went to his head and he believed it that he could do no wrong, so he started making increasingly dumb moves and failing harder and harder, but because he's been successful he's incapable of seeing his own failures and so he just gets more and more out of control.
In the end he's remembered more for his failings than his successes.
At least that's the trajectory I see.
SHDrivesOnTrack t1_j05di13 wrote
Here you go. Tesla, NDX and SP500
Cyber_Druid t1_j05e95w wrote
I mistook tesla for Chevy for a second, cause that stock is dropping like a rock.
n_s_y t1_j05grp2 wrote
So just following the general market then
YoungBumi t1_j05ikbp wrote
This reply needs more upvote. Too much reading the tea leaves going around and not enough big picture perspective.
Spillz-2011 t1_j05ivod wrote
What do you mean Tesla is down 80% more than the ndx this year.
So in the sense of both down then yes.
Spillz-2011 t1_j05j7dp wrote
What does “where they are mean” in this context?
[deleted] t1_j05k82x wrote
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NrdNabSen t1_j05m0at wrote
Can't say this with certainty. But Tesla and SpaceX could sell the vision of being the first successful electric car company and commercial space venture, respectively, to employees. People who cared about those ideas would more likely tolerate a shitty CEO because they believed in the mission of the company. Not sure Twitter has that same greater purpose to overcome his fuckwittery. Especially since his fuckwittery often runs counter to what Twitter was before he took over.
Blake_56 t1_j05p837 wrote
You have to take into account Tesla’s Beta
DividedState t1_j05uhaj wrote
The question would be how much of Tesla makes that index, too.
Stribband t1_j05uqww wrote
Share doesn’t matter sales do. Tesla still breaks records each quarter.
anonkitty2 t1_j05v3s8 wrote
Without Tesla, the electric car might still be all but nonexistent; the oil companies could have stifled them indefinitely. Without SpaceX, America would not currently have a space program that includes manned missions it launches. His products are still flawed, but Musk and cos. got them off the drawing boards and helped show there was a market for them.
Fearless_Entry_2626 t1_j061h4q wrote
Tweeting can be an important part of the job, to generate hype around hos product. Why he'd go publicly hard right while CEO of a car company so popular with libs I can never understand though...
Fearless_Entry_2626 t1_j061u65 wrote
Isn't driving drucks outside of work situations seen as tacky over there?
CyberianK t1_j069uwd wrote
It looks like its following market trend for all changes except those in recent weeks.
between_two_cities t1_j06kmfr wrote
To be fair, turning the existing Tesla car-fleet into autonomous taxis that their owners can rent (with Tesla getting a cut) would be pretty revolutionary.
Sadly, seems like this is far from reality.
Additional-Local8721 t1_j06l012 wrote
So your son has an ESOP I'm assuming? A company can't legally sell shares of stock at a discount publicly. Your son would be the owner of the shares, not you. Either way, best of luck to you. If you're looking for other investments, check out the MJ index.
gza_liquidswords t1_j06m3j0 wrote
I think not only if is far from reality, but it also never made sense why Tesla and Tesla alone would be able to pull this off. The answer is the myth of Elon the genius, who would somehow single handily pull off what many companies are trying to accomplish. In any case I think it slowly starting to "sink" in to most people that Elon is not a genius
between_two_cities t1_j06mer7 wrote
Because it is a tech company. They offer tech company salaries to AI researchers. Compared with that, VW offered me something like 45k USD per year in my Central European country.
This service is not even of VW's radar.
There is only Tesla and Waymo who are even remotely near this goal.
SolumRasa t1_j06puo6 wrote
If you mean in the US, no. I mean some think that, but the majority don’t think it’s tacky. They just don’t care or are the ones driving them lol
jrm19941994 t1_j074lj7 wrote
I would say its more due to general recession fears, inflation, and energy prices increasing so much that its becoming too costly to make electric car batteries. Also Tesla is correcting after the euphoria of the Covid boom.
For what is worth Musk has already made twitter profitable, it seems he is doing good work there.
Dyslexidit t1_j074vzu wrote
I really don’t understand the stock market but I understand cars and Teslas are just horribly built.
Spillz-2011 t1_j075u20 wrote
Sure but Tesla and using lithium ion batteries for evs wasn’t his idea so musk wasn’t in any way necessary for that to happen
[deleted] t1_j076xxe wrote
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Spillz-2011 t1_j0779jk wrote
That’s clearly false. Since musk took over Twitter Tesla is down like 20% and the market is up
Know_Your_Rites t1_j08g551 wrote
The last couple months are a pretty clear, and pretty dire, deviation from the market.
S&P is down 15% on the year. NDX is down 27%. TSLA is down 50%.
anonkitty2 t1_j08tesz wrote
No. Musk wasn't necessary. But he was helpful. He was a little like Harold Hill in "The Music Man."
Spillz-2011 t1_j08vgnn wrote
Was he though? they already had the idea, the contacts, the prototype, the lithium battery expertise. They brought him in to help with funding and he decided he would put in his money and take over the company and force them out. He complained that they set up the production line for the 3 wrong and almost caused bankruptcy, but that was after he forced them out. He set up a horrible process then wants everyone to congratulate him for fixing the mess he created.
anonkitty2 t1_j0avur5 wrote
Oh. There wasn't much publicity for Tesla, to my knowledge, before Musk came. Musk really is like Harold Hill. Hill successfully created a market for brass bands but would include as a critical part non-working music lessons, and then jump ship just before it could be proven they didn't work. When Tesla reached public awareness, expectations for electric cars were so low that Teslas still met them. (I have a relation who still believes electric cars can't go farther than 40 miles a charge, like the ones GM leased and lost in the early 2000s.)
datawazo OP t1_j02l03m wrote
Stock trends from google, dates from Wikipedia.