Tesla Stock, Space Karen screwed.

[Jkca1]

Less than a month after Space Karen declared "I see a potential path for Tesla to be worth more than Apple and Saudi Aramco combined,” Tesla stock is now down close to 46% year to date. I find it interesting that the Twitter purchase is getting the blame. More than one analyst has said the worst is yet to come;

"The pattern in the Tesla stock chart looks troubling, according to technical analysts Katie Stockton of Fairlead Strategies and John Roque of 22V Research. Stockton sees some support at $180 a share and then lower at $150 a share. Roque says that $100 is possible if things don’t start improving for the auto maker." https://www.barrons.com/articles/tesla-stock-price-dropping-how-low-51667932949?siteid=yhoof2

 

[BlueTex]

Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter deal

Tesla CEO Elon Musk sold additional shares of his electric car company after closing the $44 billion purchase of Twitter.

www.cnbc.com

 

[phoenix2020]

Tesla’s leadership team is not the strongest nor most tenured, having to deal with something of a revolving door. This tends to make Musk’s leadership rather critical to their success. Sadly, his time is focused on a failing social media company he overpaid for, so Tesla’s valuation will increasingly start to look like other automotive OEMs.

 

[bongsaway]

Tesla’s leadership team is not the strongest nor most tenured, having to deal with something of a revolving door. This tends to make Musk’s leadership rather critical to their success. Sadly, his time is focused on a failing social media company he overpaid for, so Tesla’s valuation will increasingly start to look like other automotive OEMs.

I wonder if tesla's leadership team is starting to feel like hitler's leadership team. For all who don't know history, hitler had rommel killed, by far his best general.

 

[zincwarrior]

by far his best general.

Thats...debatable, but for a different thread or more general forum.

 

[Credence]

New Twitter owner Elon Musk sells almost $4 billion in Tesla stock​

Nation Nov 9, 2022 10:48 AM EST

Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings.

Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday’s filings with the Securities and Exchange Commission.

He sold $7 billion of his Tesla stock in August as he worked to finance the Twitter purchase he was trying to get out of at the time. In all, Musk has sold more than $19 billion worth of Tesla stock since April, including those in Tuesday’s filings, likely to fund his share of the Twitter purchase.

The takeover of Twitter has not been smooth and the social media platform has seen the exodus of some big advertisers in recent weeks in including United Airlines, General Motors, REI, General Mills and Audi.

Musk acknowledged “a massive drop in revenue” at Twitter, which heavily relies on advertising to make money.

New Twitter owner Elon Musk sells almost $4 billion in Tesla stock

Twitter's new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings.

www.pbs.org