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.
Tesla was removed from S&P 500 ESG not the main S&P 500.
Meta (FB) Erases $251 Billion in Value, Biggest Wipeout in History
“Musk sold at the top. Lots of bag holders littered around”
It wasn’t at the top, and he sold a small percentage of his shares. He has huge paper losses.
He sold at the top. Paper loses are meaningless when it was $17 in 2010. Same for brother, they both did very well a few months ago. Split is on the way.
Buy on the dip.
When the Dip expires in the WH.
5.56mm
“Elite’s selling off their shares to punish Elon, and it just may work.”
I would not be surprised if a lot of them are selling their Teslas. There may be some cheap used Teslas on the market soon.
“No, he admitted that he would be voting Republican.”
Yes, especially that. No one leaves the reservation unscathed.
I am hoping that Tesla splits the stock. I will buy before the announcement and hope it does a repeat like August 2020 when the stock went from about $1,300 to over $2,000 in just 3 weeks then split 5-1 then from about $400 after the split rose to about $800 by January 2021 then peaked at $1,144 in November 2021. Now $663.90
I would like it to double just on a 2-1 split let alone 5-1 : )
Next stock to buy when it is a IPO will be Elon Musk’s “Starlink”
He says he does not know when and that he needs more satellites launched and to be making money before he issues stock.
Katharine M Kuhn 3 May, 2022
@Tesla tweeted the meeting will be held on August 4th.
https://www.barrons.com/articles/tesla-annual-meeting-stock-split-51651575587
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