Posted on 12/15/2022 9:52:15 AM PST by SeekAndFind
Looks like a buying opportunity due to the absurdity of the “external factors.”
There is a big push on hydrogen, that I’m reading on technology pages. He is usually ahead of the game of most insiders, so he may have decided that lithium-ion cars have passed their peak and he is recalibrating.
Articles that quote what “one shareholder said” or “one twitter user said” are not exactly reliable sources of investment information.
I suspect that Musk has offended the Blackrocks of the world, and they’re carrying out angry vengeance on Tesla shares. This can go on for quite a while.
This guy is competing with Trump for Most Impulsive, Inexplicably Self-Sestructive Egomaniac Award. A Very Major Award. Issued by me as a digital NFT card for the low, low price of $99. Visa/MC accepted.
Clearly being targeted by Blackrock, Vanguard et al on WEF orders.
Silly.
It's not like Tesla quit making EV's and powerwalls and selling carbon credits and such that people interested in so-called ESG ought to still ❤️ Tesla over. Anything labeled "ESG" means it's full bore Dim supporter or it's not "ESG".
Adherence to Leftist Dogma has replaced Market Cap as Global Investor's most important KPI.
Wealth is just an expression of political influence.
TSLA price seems to be stabilizing around here, 157/158ish, just my opinion. It has not traded well of late, going down on market-down days and down on market-up days. Now it’s acting stable on a big whack down day. Just an observation, if you like the stock, I’d be nibbling long. The concern is if there is an end of year fire sale that takes it down 10-20 points in an instant. C’est la vie.
I have no doubt that’s part of it.
Also all the liberals who want to buy Teslas because it was “green” will look elsewhere for green, ‘cause Musk has become a republican. So there will probably be a hit in sales.
The question is this : Who on earth can afford a Tesla?
How large is its market among car buyers?
I am quite well off financially, but I’m not going to spend more than $35,000 on ANY car.
I live in a fairly well-off area in No Cali, and I can tell you the place is lousy w/Teslas. I certainly recognize my area is
bubbly in that respect.
$35K is not a lot for a car when F-150’s are upwards of $50K and $60K and can get to $80K with trinkets. Drive by the local elem school (and you can grow old and die in the traffic) at the wrong time and it looks like the German high command with the Porsche SUVs lined up to pick up or drop off the kidlets. Not a single cheap car in line, Teslas, Tahoes, Porsche and AUDI SUVs. Cheapest cars are minivans, and I have not looked, but I suspect those are $50K cars. They are all nearly brand new, that I can tell you. There are no, none, zero ratted out or even used Altimas and Camrys.
General Motors is down 44% from January. Where is the context?
Ford in down 48% from January 14.
These are stupid clown articles.
Well that’s the whole problem. Being a Democrat these days means having no regard of context whatsoever. I imagine much of it though is willful.
Elon Musk sold off another 22 million shares in the EV manufacturer this week, according to filings with the Securities and Exchange Commission. The sale generated $3.6 billion in cash — and it follows a series of trades earlier this year, collectively netting him about $40 billion.
...The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter which gets worse by the day as more advertisers flee the platform with controversy increasing driven by Musk,” said Wedbush analyst Dan Ives. “When does it end?”
...Some Tesla investors, such as Ives, fear that Musk is not only distracted by his Twitter trouble but also that he will continue selling off stock in the automaker to address the financial headaches he now faces.
...For one thing, he will have to cover about $1 billion annually in interest on the loans that financed the $44 billion Twitter purchase. All told, Musk borrowed about $13 billion, including a $3 billion unsecured loan carrying a hefty 11.75% interest rate, according to Bloomberg. The news service this month reported that Musk may face pressure to provide margin loans to Morgan Stanley and other lenders. That could help him lower some of his borrowing costs.
....But, even then, servicing his debt is expected to cost more than Twitter is currently generating due to lost advertising revenues.
....Separately, tracking service TrueCar reported a sharp decline in consideration of Tesla products by potential EV buyers in the U.S. since mid-year.
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