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From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…
“Last year, Musk tweeted, "A little red wine, vintage record, some Ambien ... and magic!" Sam Altman, the president of startup accelerator Y Combinator, replied: "ambien tweeting is a dangerous game."
https://www.businessinsider.com/elon-musk-ambien-use-tesla-b...
From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…
It appeared to many observers that Musk was mocking the Russian propaganda, he then made the mockery explicit later. I don't understand the thesis that Musk is somehow pro-Russia. Generally his ventures are against Russia interests: SpaceX, launched in the aftermath of Russia being uninterested in selling a leftover rocket to Musk, now dominates the launch industry to the detriment of Russia, among other things halti…
"I think the President and a small group of people know exactly what he meant."
What I find interesting is nobody complained about Musk's social media antics when he proclaimed himself to be Technoking of Tesla or when he hyped dogecoins with diamond hands. Both evidence of bizarre behavior for a CEO of a multi-billion dollar corporation. But only now - after the stock took the proverbial Acapulco cliff-dive - are investors condemning his 'erratic tweets hurting the stock'.
Source?
Earlier quoted context omitted.
(a) isn't even remotely true. They paused production in Shanghai on a few lines to upgrade them to the new Model 3 and Y. Brianna Wu is a permabear who pretends to be a journalist and spreads disinfo without verifying.
Yea, the predictions of someone driven by passion (in this case, a passionate dislike of Musk it appears) probably aren't great in general. But, below $100 seems reasonable - the stock could still be considered 'overpriced' in the current market (at least by P/E).
I think Ford really is going to get traction with the F150 Lightning. That's the smartest move you could make, i.e. electrify the #1 selling vehicle with something similar and practical. That's what people want, and if you convert that demo, you basically win over the rest.
From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…
Musk "praised" that insane Russian tweet by saying: > Those are definitely the most absurd predictions I’ve ever heard, while also showing astonishing lack of awareness of the progress of artificial intelligence and sustainable energy. https://twitter.com/elonmusk/status/1607565268150091778
Imagine if they were spending that time and money on developing a smaller cheaper car for the masses, getting more industrial vehicles out (god know why they have not done a traditional Van?). That's is the growth that is needed to justify their market cap. Not some fancy thing that's not relevant or of interest to 90% of the market.
Earlier quoted context omitted.
I think B only matters as a signal of leadership instability. And I think it tells us nothing new about Mr. Musk that we didn't already know. So I think B is probably not really a factor. A is plenty enough to explain the market behaviour.
Wait, you guys know that was a joke, right? Is it okay to not do due diligence on claims because we don’t like a guy? (Which isn’t to say it makes the market feel better, but come on…)
I find myself confused about the purpose of stock markets. How can we arrange our society around a system that is so massively irrational? A few years ago Tesla was worth as much as the rest of the car industry put together . Even if you believed Tesla was going to become a perfect monopoly, its valuation still would not have been justified. Now people are acting like the sky is falling when this pipsqueak manufactur…
The rationality of the stock market reminds me of the Winston Churchhill quote: "Democracy is the worst form of government, except for all the others." The market is irrational, but it's based on the best information we have. Admittedly, that information is limited and sucks. Heck, it sucks even if you actually work at a company in question! Even the people there can't be sure what the stock price will do.
> We knew the value of the stock to the penny starting in April of last year, but for months it traded at over a 25% discount. Why do we pretend this system of price discovery works when it can't even discover a price that has been printed in newspapers?
The answer is clear: the market wasn't confident the sale would go through, for good reason. Musk even tried to back out until he was forced to go through with it. If I recall correctly, things started getting much closer to the sale price once it became clear it was more likely to go through.
From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…