Maybe buying Twitter not such a good thing for Tesla stock holders? (1 Viewer)

[independentusa]

The 'Big Short' investor Michael Burry says Tesla stock could plunge 90% — and notes Elon Musk said it was overpriced at $160 last year

Burry, who was short Tesla as recently as June this year, noted Amazon and other high-flying stocks plummeted when the dot-com bubble crashed.

markets.businessinsider.com

Tesla stock has already plunged as to wipe out 114 billion dollars of worth of value and this market annalist says it might fall by 90%. Coming on the heels of Musk borrowing and using his own funds to buy Twitter, a company not know for huge profits, might not have been a good thing and may have pushed Tesla stock over the edge. It was a high price to pay for Musk being able to get his right wing buddies back on Twitter. I think the other stock holders of Tesla stock might agree with me on this.

 

[HangLow]

The 'Big Short' investor Michael Burry says Tesla stock could plunge 90% — and notes Elon Musk said it was overpriced at $160 last year

Burry, who was short Tesla as recently as June this year, noted Amazon and other high-flying stocks plummeted when the dot-com bubble crashed.

markets.businessinsider.com

Tesla stock has already plunged as to wipe out 114 billion dollars of worth of value and this market annalist says it might fall by 90%. Coming on the heels of Musk borrowing and using his own funds to buy Twitter, a company not know for huge profits, might not have been a good thing and may have pushed Tesla stock over the edge. It was a high price to pay for Musk being able to get his right wing buddies back on Twitter. I think the other stock holders of Tesla stock might agree with me on this.

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[HangLow]

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