Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Tesla stock down 30% since Musk’s shaky Twitter takeover
Washington Times ^

Posted on 12/20/2022 12:31:16 PM PST by GulliverSwift

Electric car manufacturer Tesla’s stock value is below $150, making it the lowest stock value since CEO Elon Musk took over Twitter in October.

Just before 3 p.m. Tuesday, the stock was trading at $140.34, the lowest the price has been since November 2020.

Shares opened up on Monday just below $150 a share, with hopes from investors that Mr. Musk would step down as CEO of Twitter after a public poll on the site had the majority of users calling for him to step down.

Mr. Musk has made no mention of when he will step down. He had said when the poll was posted that he’d abide by result, but hasn’t explicitly said he would since the poll closed.

While Tesla’s downturn mirrors somewhat of a bear market for many industries, it is likely no coincidence that the dramatic drop in Tesla’s stock price comes during Mr. Musk’s troubles at Twitter.

Analysts say the stock dip isn’t about Tesla itself, though controversies surrounding its self-driving car technology are lingering, but about Mr. Musk’s decisions at Twitter having damaged the company’s brand image.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy
KEYWORDS: down30percent; muskshakytakeover; teslastock
Navigation: use the links below to view more comments.
first 1-2021-4041-58 next last
Good to see the Brain implant/China/DeSantis shill is losing some of his hype.
1 posted on 12/20/2022 12:31:16 PM PST by GulliverSwift
[ Post Reply | Private Reply | View Replies]

To: GulliverSwift

“Good to see the Brain implant/China/DeSantis shill is losing some of his hype.”

Are you from DU?


2 posted on 12/20/2022 12:35:33 PM PST by TexasGator (!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GulliverSwift

Let’s put this in context, how’s the rest of the market doing?


3 posted on 12/20/2022 12:37:39 PM PST by PTBAA
[ Post Reply | Private Reply | To 1 | View Replies]

To: TexasGator

It’s good that he’s pushing Twitter to the right but the guy is not a conservative. He has explicitly said he’s a “centrist” who voted for Biden and wants Trump to go away forever.

He’s a China shill who doesn’t like Trump’s tough stance against them.


4 posted on 12/20/2022 12:38:07 PM PST by GulliverSwift
[ Post Reply | Private Reply | To 2 | View Replies]

To: GulliverSwift

The whole market is down. Especially technology/ev stocks.


5 posted on 12/20/2022 12:39:58 PM PST by Baldwin
[ Post Reply | Private Reply | To 1 | View Replies]

To: GulliverSwift

Can all the FBI agents working at Twitter get unemployment benefits after being fired from Twitter? I mean I’m sure by now they count on two paychecks to pay for a two paycheck lifestyle.


6 posted on 12/20/2022 12:41:33 PM PST by blackdog (The head, hands, and heart, serve even further than the purse. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: GulliverSwift

Musk Torches Wokeness: ‘One Of The Biggest Threats To Modern Civilization,’ Is ‘Divisive, Hateful’


7 posted on 12/20/2022 12:41:40 PM PST by TexasGator (!!!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: GulliverSwift

Might be a good time to buy


8 posted on 12/20/2022 12:42:31 PM PST by z3n (Kakistocracy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GulliverSwift

“It’s good that he’s pushing Twitter to the right but the guy is not a conservative. He has explicitly said he’s a “centrist” who voted for Biden and wants Trump to go away forever.”

He is anti-union

He is anti-wokeness

Je is anti-democrat

He is pro DeSantis.

Why I like him and you hate him.


9 posted on 12/20/2022 12:43:49 PM PST by TexasGator (!!!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: GulliverSwift
If you haven't heard of this YouTube Channel yet you might be interested in giving them a look see:

Common Sense Skeptic

They have a number of videos cutting through the hype around Elon Musk.

10 posted on 12/20/2022 12:46:06 PM PST by who_would_fardels_bear (What is left around which to circle the wagons?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GulliverSwift

” and wants Trump to go away forever.”

He reinstated Trump on Twitter.

Trump replied that Musk is a good man.


11 posted on 12/20/2022 12:47:48 PM PST by TexasGator (!!!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: PTBAA

That is what I was thinking too. The NASDAQ is down 33% for the YTD. That explains half of it right there.


12 posted on 12/20/2022 12:47:50 PM PST by Codeflier (My voting days are over. Let it burn...give the people what they want good and hard. )
[ Post Reply | Private Reply | To 3 | View Replies]

To: z3n
I thought it was generally understood that Tesla stock would go down as Musk was forced to sell some of his to purchase Twitter.

Once Twitter is completely paid off and Elon can keep the remainder of his shares, then Tesla will follow the rest of the tech market.

13 posted on 12/20/2022 12:48:04 PM PST by who_would_fardels_bear (What is left around which to circle the wagons?)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Baldwin
Biden announced an EV conversion for the USPS. I really want to read the solicitation for bids. Those solicitations have to list compliance to a formula to qualify on your bid. Battery life, battery range, cost per kwh to charge, time to charge, operating cost per mile, vehicle price, spares prices, training of maintenance personnel, special tools and rigging equipment needed, collision safety impact data, hazmat requirements, and so on.

If you have ever responded to and won a contract or lost in the process, you know how thorough and complex the solicitation for bid gets.

14 posted on 12/20/2022 12:49:01 PM PST by blackdog (The head, hands, and heart, serve even further than the purse. )
[ Post Reply | Private Reply | To 5 | View Replies]

To: TexasGator

A lot of stocks are down 30% over the Biden era.


15 posted on 12/20/2022 12:53:49 PM PST by Blueflag (Res ipsa loquitur: ad ferre non, velit esse sine defensione)
[ Post Reply | Private Reply | To 2 | View Replies]

To: TexasGator

He said Trump could be on Twitter again but he has repeatedly said Trump should retire and let DeSantis be the GOP nominee.


Tesla and SpaceX CEO Elon Musk said Monday that he thinks former President Donald Trump should, “hang up his hat & sail into the sunset.”

Writing on Twitter, where Musk has more than 100 million followers, the celebrity CEO said: “I don’t hate the man, but it’s time for Trump to hang up his hat & sail into the sunset. Dems should also call off the attack – don’t make it so that Trump’s only way to survive is to regain the Presidency.”

https://www.cnbc.com/2022/07/12/elon-musk-says-its-time-for-trump-to-sail-into-the-sunset.html


16 posted on 12/20/2022 12:54:43 PM PST by GulliverSwift
[ Post Reply | Private Reply | To 11 | View Replies]

To: GulliverSwift
"Tesla’s downturn mirrors somewhat of a bear market for many industries"

Weird huh? You'd think we just might be in a recession.

17 posted on 12/20/2022 12:54:52 PM PST by Rightwing Conspiratr1
[ Post Reply | Private Reply | To 1 | View Replies]

To: GulliverSwift

The two are different issues. Tesla had peaked because ALL EV’s have peaked.

There is not enough Lithium, Cobalt, Nickel or Rare Earths to scale up production anymore. Without Russia and without Cheap oil there is no way to build out the supply chains.

And, there are not enough child slave miners in Africa to pull it off.


18 posted on 12/20/2022 12:56:53 PM PST by MMusson
[ Post Reply | Private Reply | To 1 | View Replies]

To: TexasGator
IF MUSK'S TWITTER FILE DUMPS FAIL TO BRING THE WRATH OF GOD & CONGRESS DOWN ON THE FBI, ETC, THE KNOCK ON THE DOOR IS NOW A CERTAINTY FOR THOSE STILL RESISTING THEIR NEW WORLD ORDER SLAVERY...AND AMERICA IS OVER!

https://www.bitchute.com/video/ASLlx9YpwNxA/


19 posted on 12/20/2022 1:04:46 PM PST by Dick Bachert
[ Post Reply | Private Reply | To 7 | View Replies]

To: Baldwin
The whole market is down. Especially technology/ev stocks.

Apple, META etc., all doing badly. The fundamentals are stronger with Tesla, yet the media focuses on Tesla stock prices. I guess Elon is more interesting than Cook, Zuckerberg, etc.

20 posted on 12/20/2022 1:04:52 PM PST by roadcat
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-58 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson