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

To: RomanSoldier19
This has to be a very stressful time for Elon Musk.

He paid $44 billion for Twitter, which has only made a modest profit in two of its seventeen years.

Musk and Twitter are now facing highly focused, in your face, deep pockets competition from billionaire Mark Zuckerberg.

Tesla makes a solid profit, but it has been forced to cut prices twice in the last twelve months because of intense competition.

Tesla stock is currently selling at 80X times earnings, which is a very high risk, highly speculative value.

I like Musk, and I am cheering for him, but he has dug himself a very deep financial hole to climb out of.

47 posted on 07/10/2023 5:18:13 AM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: zeestephen

49 posted on 07/10/2023 5:22:02 AM PDT by RomanSoldier19 (Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
[ Post Reply | Private Reply | To 47 | View Replies ]

To: zeestephen

The Tesla Model Y is the best selling car (not truck) in the US currently.


53 posted on 07/10/2023 5:30:00 AM PDT by BlueStateRightist (Government is best which governs least.)
[ Post Reply | Private Reply | To 47 | View Replies ]

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