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.
Probably due to the sudden emergence of the sexual harassment claim.
Punishing him for buying Twitter and, worse, questioning the fake bot astroturf Deep State b.s. going on there.
Wokesters are attacking.... love it
I see the stars tumbling around me, I see the sky where the sea should be.
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.
Elite’s selling off their shares to punish Elon, and it just may work.
No, he admitted that he would be voting Republican.
Kiss of death on Wall St nowadays.
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.
As for the accusations of impropriety by Musk...he really isn't the type.
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?
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 ....
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?
If you can’t afford a car how the heck are you gonna afford a tesla?
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.
I think it drops another 20% and stays there until Trump looks like he wins the next election.
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. 🙂
No, removal from S&P500.
All the index funds have to sell their shares now that they were removed
Musk sold at the top. Lots of bag holders littered around.
It was removed from the S&P500?
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