Tesla Stock Is Plunging Again. It Could Drop for a Ninth Straight Week.
Tesla Stock Is Plunging Again. It Could Drop for a Ninth Straight Week.
Please more!!!!!!
Too big to fail. Prepare for gov bailouts.
they have only survived so far because hype and government money. they have never been profitable. the stock could halve again and it would still be overvalued
It's like 20x too high as it stands going by p/e ratios compared to the rest of the auto industry. Like 5-6x too big compared to tech companies. It's wild.
That's illegal! TSLA is not allowed to drop. Prepare for your mandatory stock purchase, citizen.
You jest, but I would seriously consider the possibility that he’ll sue anyone selling the stock, and sue the government for not investing in it expressly.
I mean, god, the tantrums he’s thrown at having advertisers take breaks—because I don’t think any of them truly left—from Twitter should be proof enough of the possibility.
And then the citizens will own a chunk of Tesla? And we will see our investment pay off when it does well?
Pretend I made that into padme/anakin meme.
Let’s go for ten weeks! Then twenty!
If your erection lasts for more than 1h, see a medical professional or stop watching the Tesla stock prices
At the end of the day, there are actually better electric cars now for the price. Even starlink is starting to get major market competition for cheaper.
I’m waiting for Musk to have to sell his stock.
The stocks are merely at pre-election levels and look like they have now stabilized unfortunately.
Down 5% today, not super stable. Could have been a dead cat bounce last week.
The instability is great for inside traders eg those who knew about the Whitehouse lawn stunt in advance. That was not a dead cat bounce, it was the stunt.
But the trend since the stunt has been stable enough.
I certainly will be looking at the graph each day rather than reading articles describing it.
Reminds me of how people laugh at the yo-yo tariffs, totally ignoring how insider trader buddies of Trump must love it. Is an overall economic decline going to bother them in comparison?
Disclaimer: I'm stock illiterate. Are his other companies also trending down? Or are they not publicly traded or whatever? Is it known what % of his wealth comes from Tesla (vs Starlink or SpaceX)?
Most of his other companies are not publicly traded, so there isn't much direct comparison. But Tesla has widely been known to be hugely over-inflated for years and years now, the bubble had to burst sooner or later. It is definitely being hit harder than the rest.
Tesla was overinflated because it was run as a software startup, where they had money pouring in from venture capital. They had money coming in, but it wasn't simply from sales. Let's see if that stalls too.
But wasn't his Tesla shares used as collateral for the Twitter financing? If Tesla tanks enough, won't his Saudi banking backers raise hell?
I wonder if Elon is probably going to bail on Tesla after he gets all his SpaceX stock hooked into government contracts and stuff.
Some youtuber was saying as much. A lot of his wealth is tied up in Tesla and a lot of Tesla's valuation is tied up in Musk. But Starlink is making far more than Tesla, he owns a larger portion of it than Tesla, and he's selling Tesla shares. If he makes the right moves he can entirely walk away from Tesla and leave the shareholders holding the bag.
Can't wait for some "buy the dip" dickwads to catch this falling knife
Pretty sure that and the White House advert halted the dip the last few days.
Except fElon hasn't changed, so down it goes!It didn't halt, it was boosted. That is how insider trading works. Same with the yo-yo tariffs.
Drop that fucker til it's in the ground.
To the floor!
Good news!
it is still overvalued anyway. they havent shown the profitability and growth potential that its current price reflects, not even after plunging as much as it did.
And yet Musk is fixing NASA's screwup today by rescuing people.
You mean Boeing's screw up. They were the designer/manufacturer of the capsule that had issues. Plus Musk has very little if anything to do with SpaceX engineering or operations (Gwynn Shotwell is in charge of operations). Mostly he just does "Funny" shit like telling engineers to make Starship more pointy.
Sure, like he’s “fixing” the government?
tsla stock price was around $230 when musky used it as collateral for whatever loans he took out for the purchase.