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Tesla stock down 8.5% today
5/20/2022 | vanity

Posted on 05/20/2022 11:57:27 AM PDT by Tell It Right

TSLA down 8.5% today. Down 47.9% from its ATH of 1243.49 in November.


TOPICS: Business/Economy
KEYWORDS: nyse; tesla; tsla
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https://www.cnbc.com/quotes/TSLA
1 posted on 05/20/2022 11:57:27 AM PDT by Tell It Right
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To: Tell It Right

Probably due to the sudden emergence of the sexual harassment claim.


2 posted on 05/20/2022 11:59:07 AM PDT by lasereye
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To: Tell It Right

Punishing him for buying Twitter and, worse, questioning the fake bot astroturf Deep State b.s. going on there.


3 posted on 05/20/2022 11:59:43 AM PDT by TigerClaws (W)
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To: Tell It Right

Wokesters are attacking.... love it


4 posted on 05/20/2022 12:00:34 PM PDT by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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To: Tell It Right

I see the stars tumbling around me, I see the sky where the sea should be.


5 posted on 05/20/2022 12:01:18 PM PDT by Born in 1950 (Anti left, nothing else.)
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To: lasereye

Today’s drop is mainly about the harassment accusation. But the drop since November is about the fantasy pricing of TSLA coming back to normal, especially with Tesla having lots of competition in the EV market.


6 posted on 05/20/2022 12:01:47 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Tell It Right

Elite’s selling off their shares to punish Elon, and it just may work.


7 posted on 05/20/2022 12:04:41 PM PDT by Robert DeLong
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To: lasereye

No, he admitted that he would be voting Republican.

Kiss of death on Wall St nowadays.


8 posted on 05/20/2022 12:09:15 PM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: Tell It Right

Sorry but Tesla stock has always been over valued. Much of its growth was fueled by Musk’s cult like status, woke investors and outright exaggeration regarding sales, performance and its products. Musk made a disastrous business decision investing, building, sharing proprietary information and marketing in China. There has been virtually no return on investment. Also despite high gas prices the motoring public has not rushed to buy EVs in volumes that will make their manufacture long term profitable. Musk has always been a bit odd with eclectic habits. While his celebration of free speech and willingness to critique the woke is welcome, it would be wise not to get too close to this guy or expect much.


9 posted on 05/20/2022 12:10:42 PM PDT by allendale
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To: Robert DeLong
Tsla is probably just down with the entire market (It always swings a little wilder than the mkt in general).

As for the accusations of impropriety by Musk...he really isn't the type.

10 posted on 05/20/2022 12:14:32 PM PDT by RoosterRedux
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To: Tell It Right

Okay, we know where the recent high was and most good companies get back to that point. So what is the bottom where we should buy?


11 posted on 05/20/2022 12:16:04 PM PDT by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: texas booster
> Kiss of death on Wall St nowadays.

Bingo.

As with every other of our institutions, the Financial sector has been weaponized as a political by the left via ESG, and was inevitable once public corporations switched to maximizing the value of their equities instead of profits.

We need a 50 year moratorium on awarding MBAs and JDs ....

12 posted on 05/20/2022 12:16:27 PM PDT by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING !!!)
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To: Reno89519
Don't ask me. I'm not big on investing in individual stocks.

I'm out of all equity mutual funds until the S&P 500 drops at least 30% from its ATH (it's currently down 20%). And I'll do that only if it reaches the 30% point soon, say by end of June. That'll make me think it's more of a repeat of 1987 and 2020 when the S&P 500 tanked 30% quickly then climbed back up. If it takes too long to get to 30% I'll wait until it's down past 40% (like the long dot-com bear market that dropped 49% across 2 and a half years, and long mortgage bear market that dropped 56% across 1 and a half years).

What do you think?

13 posted on 05/20/2022 12:21:13 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Tell It Right

If you can’t afford a car how the heck are you gonna afford a tesla?


14 posted on 05/20/2022 12:38:03 PM PDT by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US:-))
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To: Tell It Right

Recession is here. They wanted this to alleviate the feds from having to raise interest rates.

No one will be buying a Tesla, or many other things, for a while.


15 posted on 05/20/2022 12:52:23 PM PDT by Jonny7797
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To: Tell It Right

I think it drops another 20% and stays there until Trump looks like he wins the next election.


16 posted on 05/20/2022 12:54:24 PM PDT by Jonny7797
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To: RoosterRedux

Could be a combination of a lot of things. I was being more sarcastic then I was being serious, with my comment. Though it wouldn’t surprise me if I hit at least some truth there. 🙂


17 posted on 05/20/2022 1:23:54 PM PDT by Robert DeLong
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To: lasereye

No, removal from S&P500.

All the index funds have to sell their shares now that they were removed


18 posted on 05/20/2022 1:25:26 PM PDT by HamiltonJay
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To: Tell It Right

Musk sold at the top. Lots of bag holders littered around.


19 posted on 05/20/2022 2:27:39 PM PDT by Theoria
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To: HamiltonJay

It was removed from the S&P500?


20 posted on 05/20/2022 2:44:29 PM PDT by lasereye
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