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Tesla stock falls again, toward longest losing streak in more than 4 years

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Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#121

Post by barnacled »

kylecordes wrote: post #29
CharlesW wrote: post #6

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…

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Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#122

Post by astrange »

cokeandpepsi wrote: post #75
astrange wrote: post #57

Earlier quoted context omitted.

Elon doesn't exactly tweet like a rational logical being at the moment. It seemed to me he was praising the tweet because it mentioned him and said he was going to be president of the US (or something like that) so he thought it was cool. Then he just snuck back in and denounced it later when he remembered he has a security clearance. He's already taken calls with Putin and randomly decided to announce Ukraine should…

Someone who's dependant on us goverment contracts defense/nasa really shouldn't be interacting with high ranking russian officals.. even if it's for the lulz espcially since the us has sanctions targeted at medvedev by name, it's no joke

To be fair that's one of the good(?) parts of Twitter.

I'm not sure if he's personally sanctioned but the former president of Iran also strangely likes trolling American politicians and commenting on sports. Sometimes gets replies from their social media interns.

https://twitter.com/Ahmadinejad1956/status/10372992643161661...

https://twitter.com/Ahmadinejad1956/status/10521783680729456...

Actually I'm surprised Iranians are allowed to have Twitter accounts, does that not count as "doing business"…?

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#123

Post by leereeves »

jacquesm wrote: post #96
leereeves wrote: post #23

Earlier quoted context omitted.

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

That came after the stock took a plunge. I hope he got his money's worth out of that one.

The NASDAQ exchange was closed yesterday.

Edit: including the after-hours market, according to

https://www.nasdaq.com/market-activity/stocks/tsla/after-hou...

> Data last updated Dec 23, 2022 08:00 PM ET.

> This page will resume updating on Dec 27, 2022 04:00 PM ET.

(Elon's second tweet was before the pre-market opened.)

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#124

Post by [deleted] »

hindsightbias wrote: post #92

Who needs shortsellers when you’re tripping on ambien. “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...

[deleted]

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#126

Post by Gatsky »

Could be another dotcom era Cisco, which still hasn’t regained it’s peak [1]. Cisco had the biggest market cap in the world for a while. Tesla could be an even worse investment if it ends up being just an overvalued car company. It also has the biggest ‘bus factor’ of any company in SP500 ie. if Musk quits/falls ill the price will likely dive severely.

[1] https://finance.yahoo.com/news/heres-much-investing-1-000-12...

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#127

Post by Tempest1981 »

It's also interesting that Rivian (RIVN) and Lucid (LCID) stock have been falling in-sync with Tesla -- although maybe at 2/3 the rate. Due to institutional investors?

Last week, Ford and GM were also falling, although today they are flat.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#128

Post by joewadcan »

asfgionio2346 wrote: post #52

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…

Markets are irrational in the short term for sure, but very good allocators of capital long term.

re: Twitter Price is just the last transaction to clear and the buyers can make that transaction for a million reasons, some of them betting that intrinsically the price doesn't reflect their value of the company. Seems fine to me. Wrong in the short term now looking back, but a million other things may have happened differently (TikTok could have been banned, Musk could have taken over differently, Macro trends could have reversed...etc)

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#129

Post by curiousgal »

d23 wrote: post #82
curiousgal wrote: post #14

This is so pointless. We often make fun of people who obssess over the Kardashians and yet here we are obsessing over everything Musk..

He has a far bigger impact on society, both potential and realized. And there's still a lot of damage he could (and seems inclined) to do.

The world is much much bigger than you think. It might be shocking but Twitter, Tesla, SpaceX, and even PayPal are irrelevant to the daily lives of the vast population of the planet, and they will be for a long time.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#130

Post by jp_nc »

Robotbeat wrote: post #19
Waterluvian wrote: post #10

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…)

The “Epic thread” post could easily be used as Russian propaganda as an endorsement. I tend to think someone with as much power as Elon has some duty to be serious when engaging in potentially dangerous geopolitical issues.
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