- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
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Used prices are apparently tanking too because the used market is suddenly flooded by teslas. Saw a biker the other day knock on a tesla window at a light and give the driver the finger haha
Lowest since November 2024. Still not good but it’s still mostly just wiping out what he gained when Trump took over… hope it keeps going
By coincidence it recently bottomed out at exactlyv that same level as just before the Trump election.
Then we had last week’s 26.7% bump for the not quite accurate tariff 90 day suspension.
It dropped a little when Trump said not all tariffs will be suspended (most will stay at 10%) and now has stayed steady ever since.
This article is stupid.
Nothing in that article even explained what a “death cross” is
Basically it is a “technical analysis” thing. Which basically means divination based on “shapes stonk line make”.
Death cross scary shape when stonk line cross other line
I found a definition.
The “death cross” market chart pattern refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity, or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving averages are the 50-day and the 200-day.
Tesla is far from alone in flashing the “death cross.” The S&P 500 and Nasdaq 100 both showed it as well on Monday, as the indexes continue to fluctuate in wild and somewhat unpredictable ways thanks to the endless uncertainty that the Trump administration has introduced to the market through its blanket tariffs and “will they, won’t they” exceptions that keep getting tacked on and taken off.
An individual stock hitting this point doesn’t really seem like that big a deal when indexes are getting there.
oh no
