Elon Cleaning House

It’s getting tempting to buy some.

 

Oh look, Elon's checks are clearing again. Good to know!

 

You can explain away some of the downturn by high beta, a loss of 50% from peak could be explained by that. But a loss of 75% from peak to me shows there is something else going on, partially due to a loss of confidence in Musk and some tarnishing of the brand by Musk’s antics. He has basically alienated Tesla’s core customers, virtue signaling liberals.

 

Biggest loser.

Elon Musk Becomes First Person Ever to Lose $200 Billion

 

I think it's still way overpriced.

 

Elon Musk has lost a bigger fortune than anyone in history | CNN Business

 

Twitter being sued … Elon forgot to pay the rent after buying Twitter…

Twitter sued by landlord for allegedly failing to pay rent | CNN Business

 

Remember when twitter execs used to endorse politicians? Yea. Me either.

 

To be so smart he is an idiot at the same time. By endorsing McCarthy he irritates all democrats and half of the Republican Party who hate McConnell. It’s as if he wants to destroy his Tesla customer base. Whatever you think of his right to say these things, from a corporate perspective it is sheer corporate negligence.

 

stockholders not happy when #1 fanboy and investor is calling you out for SEC violations

Tesla investor and former 'fanboy' suggests Elon Musk is purposely tanking the stock (msn.com)

KoGuan, who is "one of Tesla's largest individual shareholders," per Bloomberg, had amassed about 22.6 million Tesla shares as of August 27, 2022. He made Forbes' list of the 400 wealthiest people in the world in September in large part due to his investment in Tesla.

"That's the indisputable evidence he deliberately pushed the price down in breach of his fiduciary duty," KoGuan tweeted on Thursday in response to another Twitter user who said Musk drove the price down when he sold more of his Tesla stock last year. "BOD [Tesla board of directors] didn't stop him also in violation of its fiduciary duty. One should ask if both the CEO and BOD are acting in one person in violation of security law?"

In December, the Tesla CEO sold more of his holdings in the company after offloading nearly $40 billion in Tesla stocks in the past 15 months. At the time, he promised not to sell more stock for "probably two years from now," but it's a promise he's made and broken in the past.
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"The one that can't be named biggest betrayal, if and only if true, he purposely crushed Tesla stock price and its SH [shareholders] for his tax benefits and potential new stock options granted by himself bc he is both the CEO and BOD [board of directors]?" KoGuan tweeted on Wednesday morning. "Fund Managers of Tesla, are you listening?"

 

You can tell that Elon is clearing the infestation. Under “What’s Happening” I new see at least as much contra-narrative as narrative.

 

Former Twitter employees get severance offer after months of waiting. Many are unhappy with it | CNN Business

 

This is why I don’t think tesla stock is done for:Chart: Tesla is still trouncing competitors on EV… | Canary Media


They account for about 70% of the ev market in the US.

They vehicles seem to be head and shoulders above US manufactured cars.

Their trucks will be coming soon.

They aren’t just a car company like Ford and GM


A fair part of the recent decline is due to Musk selling shares and the idea that he is spread to thin.
Certainly him pissing off the left may lower sales to the left but it likely may be offset by increasing sales from the right.

Time will tell I haven’t bought any yet but there seems to be price support around 109. The risk is they report numbers in a few weeks, decent news and it rallies. unexpected bad news it breaks 100 and touches the 80’s.

 

Lisa Bloom….arrrgh. That will kill sympathy for the cause

 

Tesla cuts prices on models sold in the US: report

 

My advice to Elon... "Shut up and play basketball!"

 

Last night, all 3rd party Twitter apps stopped working.

They were all vastly superior to the native Twitter app and I believe all blocked the paid ads.

 

Isn’t Tesla a US manufactured car?

 

agree. But for a layman, dropping a lump sum hoping it will switchback is pretty much gambling. If you like the company and future outlook (vs investing because the stock was hot), maybe invest using dollar cost averaging. That will reduce a bit of the risk & stress.