ST Alpha - "TSLA, -7% lol. -- (edited)" (Reading a Post)

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In response to "Elon announces he’s going to cut 10% of Tesla’s workforce because he has a bad feeling about the economy. " by Will Hunting

TSLA, -7% lol. -- (edited)

Posted by znufrii Jun 3 '22, 07:35

Usually I’d think cost cutting like this would help a company’s share price, but not when it’s all a confidence scam I guess.

Responses:

If Tesla was showing legitimate issues, it makes sense. But they're not (other than the stock price coming down from laughable multiples and - Will Hunting Jun 3, 07:49 4
- hilarious that while this is more likely a temper tantrum in response to this week’s NYTimes article, he’s also probably not wrong on the fundamental macro outlook. -- nm* - znufrii Jun 3, 08:49 3
  - There's a fair amount of debate about that, but either way he has orders he's still trying to fill now. You don't cut before you need to. -- nm - pmb Jun 3, 09:42 2
    - It depends what areas are being cut. Line workers being laid off/fired is bad. Execs or other office staff, maybe not bad. - TWuG Jun 3, 09:59
    - This is what causes the recessions ... it's amazing how much the economy is based on emotional confidence. - Will Hunting Jun 3, 09:45

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