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.
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.
General Motors is down 44% from January. Where is the context?
Ford in down 48% from January 14.
These are stupid clown articles.
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.
Tesla is the most valuable auto manufacturer in the world, but apparently Musk believes that Twitter is lot more important.
What do you do when you only have a few billion dollar left? Oh the terror!