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.
Elite’s selling off their shares to punish Elon, and it just may work.
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.
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?
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.
Musk sold at the top. Lots of bag holders littered around.
Meta (FB) Erases $251 Billion in Value, Biggest Wipeout in History
Buy on the dip.
When the Dip expires in the WH.
5.56mm
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