Now do TSLA.
Meme stocks are meme stocks
Its barely got history on the stock market so its hardly a ‘record low’. Just say the price has dipped and leave it at that.
If it’s the lowest it’s been to date, it’s literally a record low. Calling it that is accurate and usefully descriptive.
How is that ‘useful’? If you had zero prior knowlege you’d be forgiven for thinking they had been trading for decades.
It’s useful because it’s literally true. The stock hit its all time low. That interesting if the stock is decades old, and it’s interesting if the stock is weeks old. Whatever a person imagines has no bearing on any of that.
But how will we know if it’s SLAMMED or DESTROYED if they don’t say it?
Yeah, but that doesn’t make for good clickbait.
And most people who will click on this article don’t have a fundamental understanding of the stock market, investing, or why this isn’t really that big of a deal.
(Still, however, don’t invest in SpaceX. The stock is structured so retail investors don’t have meaningful voting rights.)
is it not a record low? what if it went up for the rest of its existence. would this point in time not be recorded as its historic low point?
It can go lower!
First round of insider shareholders haven’t legally been allowed to even liquidate yet. This will be a bloodbath.
do we know when that’s gonna happen? i heard they used some loopholes to allow insider holders to sell early.
It’s more a question what’ll happen to the other AI companies. Investors have now seen the first of the big ones tank. They’ll wonder if the same will happen with OpenAI, Antrophic and other AI adjacent like Microsoft, Nvidia. For a bunch of companies living of venture capital, that’s deadly.
I thought SpaceX made space rockets?
After the merger with xAI, that’s about 22% of their business. The rest is AI. The brochure will tell you about reaching for the stars and living on Mars, but the main product is actually Grok.
Which just goes to show you how bullshit the profit margins are on space travel when they gotta turn the business into a chat bot to be “profitable”
I mean the only part of SpaceX making money is the space part, starlink
That’s the part making revenue, we’re unsure if it’s making a profit.
I was wondering why the stock price was so high. Makes a lot of sense now.
Funny way to put it. Since it really makes even less sense to be valued higher with twitter and grok added. Since they both lose money.
some people say it’s august 8 then august 20
Does anyone say it on a platform that I’m willing to access?
Gonna go grab my rubber ducky.
not low enough
For a good laugh have a stroll through the yahoo finance comments. It’s bounced back up to 126ish now. The hooting noises are just…so funny to hear.
Musk announced on social media that “Grok for Excel is live,” referencing the platform’s conversational AI tool.
Hahahahaha wtf is this shit?
No, you don’t get it, Musk has a plan.
- Step 1: It fails utterly and completely.
- Step 2: Musk goes on Twitter/X, and says, “Had to add more math to training data.”
- Step 3: CSAM and MechaHitler for some reason.
- Step 4: Musk demands to speak to Grok’s manager.
After that, it’s basically a straight line to success.
Sounds like a great plan. I’ll get my popcorn. 🍿
Tankin the economy with one easy trick!
Never thought I’d need to specify a vlookup needs to be 18+ only
Ha, eat shit Elon.
Not tech, but good news nevertheless :D
To shreds you say?
And how’s his fifteenth incubator?
To shreds you say?
Oh no! Anyway.
Buttlicker, our price have never been lower!
Son you’ll have to speak up I’m a bit hard of hearing
HE SAID THINGS ARE MFING CHEAP RIGHT NOW. AROOOOOO
Bears, beets, Musk’s fake hair
Lmao
