this post was submitted on 16 Apr 2025
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[–] ryper@lemmy.ca 1 points 1 hour ago* (last edited 46 minutes ago)

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.

[–] Etterra@discuss.online 3 points 1 hour ago

Musk's tears sustain me.

[–] circledot@feddit.org 28 points 7 hours ago (1 children)

Imho most important quote:

But I have to be honest, as someone who is not fully immersed in the financial markets, the chart pattern reading kinda strikes me as astrology for guys in suits. Like, because the line displays a pendant shape, that means it’s primed to break out? What does that even mean?

[–] Etterra@discuss.online 1 points 2 hours ago (1 children)

No it's Pennant. Like the sportsball trophy.

[–] circledot@feddit.org 1 points 54 minutes ago

Ok, but it's a quote.

[–] SnotFlickerman@lemmy.blahaj.zone 68 points 9 hours ago* (last edited 9 hours ago) (2 children)

Still $100 above what it was a year ago, this is more bullshit wishcasting. It was $157 this time last year. Sits at $254 right now.

What even are these articles?

I fucking hate Tesla but I hate living in a fantasy land when your oppressors "are just about to get their just desserts... it's just around the corner... we promise." It's a joke of a fantasy preying on people who justifiably want to see these power hungry morons suffer as much as all the people they purposefully hurt.

[–] jarfil@beehaw.org 13 points 8 hours ago (1 children)

Tesla is going to fall hard for a very simple combination of reason:

  • It's a meme stock, with 0% dividends and the P/E of a startup despite being 20 years old.
  • It's not going to miraculously start making money, when the worldwide sentiment is to let it burn (sometimes literally).

Considering the Elon an oppressor or not, has nothing to do with it. Personally, I'm saddened by the fate of SpaceX engineers once the Elon loses the virtual backing that those fantasy TSLA shares are giving him.

[–] SnotFlickerman@lemmy.blahaj.zone 14 points 7 hours ago* (last edited 7 hours ago)

Okay, sure, that's all valid, but that means nothing when it comes to endless articles wishcasting about the current price. I've seen these articles for almost two months now, when Tesla hit its lowest point in 2025 on March 10th. Sure, this could be a dead cat bounce, but until it actually starts crashing, it isn't anything other than wishcasting.

I'll give a damn when it drops lower than its lowest point in January of 2023 at $113. It's got a loooong way to drop before it passes that point. Below that is when the stock will potentially become terminal. Tesla is rigged and being floated by foreign interests, and it's going to take a lot for it (and the rest of the market, frankly) to come back down to reality. Talking about the reality of how useless Tesla is has almost fuck-nothing to do with how the market acts anymore.

What's that saying? "The market can stay irrational longer than you can stay solvent."

[–] TeamAssimilation@infosec.pub 6 points 8 hours ago* (last edited 8 hours ago)

I’ve always suspected these are attempts at stock manipulation. Release scary news, make the stock go down, buy, stock rebounds quickly as the scaremongering dissipates, sell.

The most mentally-challenged businessmen love pump and dump (and the reverse in this case) because it doesn’t require any talent whatsoever, just insider trading.

[–] reallykindasorta@slrpnk.net 32 points 9 hours ago

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

[–] noodlejetski@lemm.ee 2 points 5 hours ago (1 children)
[–] prex@aussie.zone 2 points 4 hours ago
[–] saigot@lemmy.ca 17 points 9 hours ago* (last edited 9 hours ago) (1 children)

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

[–] SnotFlickerman@lemmy.blahaj.zone 8 points 9 hours ago (1 children)

Lowest it was in 2025 was on March 10th and it's been slowly creeping back up since then.

[–] IllNess@infosec.pub 9 points 8 hours ago

When Trump tweeted it's a good time to invest, a lot of people assumed it would be a pro Tesla move. Tesla went up 23% in a day.

[–] jayemar@lemm.ee 15 points 9 hours ago (4 children)

Nothing in that article even explained what a "death cross" is

[–] audaxdreik@pawb.social 25 points 9 hours ago

Second paragraph?

Tesla is just the latest to see the symbol of bearishness, which occurs when a company’s 50-day moving average crosses and drops below the 200-day average.

As an example,

https://assets.finbold.com/uploads/2024/06/What-is-a-death-cross--1024x631.jpg

[–] ALoafOfBread@lemmy.ml 11 points 8 hours ago* (last edited 8 hours ago) (1 children)

Basically it is a "technical analysis" thing. Which basically means divination based on the "shapes the stonk line make".

Death cross scary shape when stonk line cross other line you draw

[–] MagicShel@lemmy.zip 3 points 58 minutes ago

Biggest issue I've seen with technical analysis like this is that it's more a measure of market sentiment, not fundamentals. You're using the crowd as an indicator without any idea of whether the crowd knows anything you don't or not.

So it's a little more meaningful than dowsing rods and tarot cards, but only barely. Market sentiment can change on a whim.

[–] Cybrpwca@beehaw.org 9 points 9 hours ago

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.

https://www.investopedia.com/terms/d/deathcross.asp

[–] bradorsomething@ttrpg.network 6 points 9 hours ago

Investopedia is a great resource for things like this: https://www.investopedia.com/terms/d/deathcross.asp