[HN Gopher] Tesla Closes Below $500B Market Cap for First Time i...
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       Tesla Closes Below $500B Market Cap for First Time in Two Years
        
       Author : mfiguiere
       Score  : 18 points
       Date   : 2022-12-14 22:04 UTC (57 minutes ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | entropicgravity wrote:
       | A lot of perceived value was tied up in the FSD software and
       | therefore in the robot product, which uses much of the same code
       | base.
       | 
       | Now that a court has determined that FSD is false advertising
       | many stock holders have good reason to believe that Tesla's value
       | is not has high as they expected.
        
       | pen2l wrote:
       | I've seen folks say that they can't find a suitable Twitter
       | alternative (Mastodon doesn't quite do it just yet). With TikTok
       | being expected to be banned, I guess Meta really has been given a
       | new lifeline, let's see if they can make use of it. I think they
       | might actually pull it off.
       | https://techcrunch.com/2022/12/13/instagram-now-supports-tex...
        
       | lapcat wrote:
       | Dupe: https://news.ycombinator.com/item?id=33985413
        
       | zeristor wrote:
       | To paraphrase Mr Miyagi: "Elon, Eloff"
        
       | paulpauper wrote:
       | Tesla stock is known to be very volatile. I would not read too
       | much into yet, but Musk being distracted with Twitter is not
       | helping.
        
       | paulpauper wrote:
       | and META going up a lot. shows the power of diversification.
        
         | rvz wrote:
         | > and META going up a lot.
         | 
         | Exactly.
         | 
         | and the whole point in being skeptical when the mainstream
         | media decides to select and parrot their FUD at the 'current
         | thing' 24/7. Before, it was Meta; the whole impending death was
         | greatly exaggerated by the media. Now its Tesla's turn.
         | 
         | They have also done it months ago with the british pound as it
         | slid to its lowest levels through the panic. Now it has gone up
         | 17% since after buying it two months ago. [0]
         | 
         | The power of identifying the FUD and ignoring the panic.
         | 
         | [0] https://news.ycombinator.com/item?id=33274020
        
         | [deleted]
        
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       (page generated 2022-12-14 23:02 UTC)