• saltesc@lemmy.world
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    1 day ago

    Tesla stock has always violently gone up and down because it’s used heavily in volatile options trading and the sort.

    You would only get a general understanding viewing it over 6–12 months. Hourly, daily, or weekly, you will see it surge and drop a lot. There’s a few like this for quick buy/sell. I dunno why Tesla, but it’s the most popular. None of it is reflecting of the business itself at all, it’s just players causing the up and down for buys and shorts, sparking micro bull and bear rushes, then everyone else gets on for a piece of the pie before it switches again.

    It’s just at levels it always was, though it is increasing over time. If it’s around $200, it’s about normal.

    • qprimed@lemmy.ml
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      1 day ago

      shhhh… we’re working on some much needed counter-propaganda propaganda here.