Only 5% of next car purchasers expect to buy all electric cars-Road and Track.
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Thebrownblob
Well-Known Member
Elon Musk blasts Biden administration, Democrats on Twitter over 'hate,' sidelining of Tesla
Tesla chief Elon Musk denied claims he engaged in sexual misconduct against a SpaceX flight attendant as he critized the Biden administration and Democrats.
Here’s where the government starts picking winners and losers. Usually the biggest losers are the consumers.
UnionStrong
Sorry, but I don’t care anymore.
And so it begins….Elon Musk blasts Biden administration, Democrats on Twitter over 'hate,' sidelining of Tesla
Tesla chief Elon Musk denied claims he engaged in sexual misconduct against a SpaceX flight attendant as he critized the Biden administration and Democrats.www.cnbc.com
Here’s where the government starts picking winners and losers. Usually the biggest losers are the consumers.
Thebrownblob
Well-Known Member
Tesla's golden moment is over
Even before yesterday’s embarrassing revelations about Elon Musk, Tesla was having bad year. Its stock price has fallen nearly 41% since 2021 and it is showing no sign of slowing down. For reference, Ford — America’s largest car manufacturer — has seen its stock price rise by around 6% in the...
unherd.com
Sharp knives are out
wilberforce15
Well-Known Member
They've been discriminated against by big money and big gov't since the beginning. Not a biggie.
Nobody else can even make EV's in volume. The test is over, because the competition has to actually make the vehicles in order to be competition.
Tesla will continue selling everything it makes because nobody else is even making any.
UnionStrong
Sorry, but I don’t care anymore.
This may be different. They’re vengeful bastards.
wilberforce15
Well-Known Member
It can go a lot lower.
80% of nasdaq companies are down more than 50%. Nothing unique in Tesla's price action. It wouldn't be much different with no Elon drama.
wilberforce15
Well-Known Member
They've been this vengeful for a long time. I don't think they have any more means to use against Tesla than in the past, and now Tesla is a lot harder to hurt.
They nearly succeeded in killing the company a dozen times by various methods when it was smaller and weaker.
They were bullying a little kid. Now they're trying to bully him after he hit puberty and filled out some.
newfie
Well-Known Member
i don't know i think the twitter drama is accelerating the drop.
oldngray
nowhere special
wilberforce15
Well-Known Member
Over 12 months, TSLA is still outperforming aapl, goog, MSFT, and all the other mega caps. Tesla's volatility is within the norm, and the uptrend is still intact and stronger than the others.
Elon was smart enough to sell billions of his own stock recently. He sees the direction the market is going and knows Tesla being the greatest company in the history of mankind won't protect its share price.
wilberforce15
Well-Known Member
He didn't sell because of seeing a downturn coming. If he were trying to maximize his own wealth, he'd have kept it.
He's not going to rebuy the same shares lower. Accumulation of wealth wasn't his game.
He tweeted that the stock price was too high, and that was 50% below the current price. He killed ten billion of his own value in a day with that tweet.
There was a crypto billionaire recently who lost it all when his particular crypto currency went to zero. Not saying Tesla will but there's a very real possibility the overall stock market will lose as much as 90%. Smart move on his part to put part of his wealth in cash. Because it's those billions that give him clout.
wilberforce15
Well-Known Member
He doesn't even own a house and sleeps in spare bedrooms at friends houses, or on factory floors, while being the richest in the world.
The stock market isn't going to lose 90% and you don't believe it will. Tesla could get cut in half again. None of it matters. His wealth is safer where it is. Preserving it had nothing to do with the sales.
wilberforce15
Well-Known Member
I said 12 months. Not year to date.
In the past 12 months, TSLA is still outperforming every single big tech company even after this drop.
I believe there's a very real possibility we'll enter a depression. And yes stocks will lose up to 90%. All by the end of 2023. I believe that because a lot of very famous investors and economists have laid out the reasons why. We're at the start of the biggest crash in history.
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