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Tesla stock falls again, toward longest losing streak in more than 4 years
131–140 of 387 posts
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#132What 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'.
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Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#133It's been a worse year for TSLA than even META, now.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#134Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#135Earlier quoted context omitted.
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.)
Are you familiar with the term 'pre-market' sales? Tesla opened a full $6 lower than the last close because of the pre-market sentiment, and in part this was due to the tweet. How big a fraction is impossible to say but I'm pretty sure that Musk is well aware of the effect of his tweets by now. I don't have access to a terminal but I can look back as far as 4 am on public sources and by then it was clear the stock was going to open much lower.
If you have a better explanation about why it took him a couple of hours to try some damage control I'm all ears.
edit to your edit(s): If you think Musk doesn't have better access than you and I do then that's pretty naive, obviously he is monitoring Tesla's stock price like a hawk and if the sentiment drops he'll be aware of it well before the figures are published.
Just doing sentiment analysis on Twitter would give you a pretty good indication of where the price is headed and guess who happens to have access to the firehose? And that's before we get into personal phone calls from people holding large swaths of Tesla stock as security against dodgy loans.
edit2: too many ninja edits to keep up with...
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#136Maybe I missed it, but what I don’t see mentioned in the comments is the biggest change from four years ago: light at the end of the tunnel.
Four years ago Tesla was in the throes of model 3 production and had the potential of huge demand once they got going.
Where are things now? Other automakers have responded with alternatives. Good ones too, you can buy a Hyundai for a similar price and according to consumer reports, better reliability.
What’s on the horizon for Tesla? Trucks and Semis but those aren’t as mass market as model 3, and self driving cars have shown themselves to be… less than feasible.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#137Earlier quoted context omitted.
Eh, they're not in freefall any more. Very strong is probably an overstatement since they're still down over 65% YTD and even more from ATHs. I'm a big Meta (stock) fan though. I think they're insanely undervalued at the moment (says the guy holding a bunch of their stock that's down close to 50% all together lol)
Why do you think they are “insanely” undervalued?
Because their advertising business is still wildly profitable even with the ad tracking changes. If they continue to reduce costs and stop investing in the metaverse they’re a great company.
Now, add in TikTok potentially being banned in the US and you can see their social media apps being even stronger positioned.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#138Telsa is not worth the valuation. Just speculation it may be in the future which is bad, stocks are bought on what its worth today.
Telsa is valued at the same as all the other manufacturers combined, which is obviously wrong and Elon got a free purchase of a social media company out of it.
All a bit bonkers really
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#139Earlier quoted context omitted.
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…
How does Musk posting that sort of stuff, which is difficult to get across in text at the best of times, benefit anyone, including Musk? It's a pattern of pointless provocative nonsense by Musk, befitting a teenager, not the CEO of multiple multi-billion dollar companies. I guess he's free to do what he wants, but people are free to read whatever they want into it as well. Dismissing it as humour is not a given.
I agree - Musk's behaviour is harmful to his personal reputation, his businesses, his investors, and sometimes beyond. Also utterly unbecoming a CEO of companies which routinely have human life at risk, serve critical national security interests, etc.
(Yet I would not bet against him making a success of Twitter, as he has Tesla and SpaceX.)
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#140Maybe I missed it, but what I don’t see mentioned in the comments is the biggest change from four years ago: light at the end of the tunnel. Four years ago Tesla was in the throes of model 3 production and had the potential of huge demand once they got going. Where are things now? Other automakers have responded with alternatives. Good ones too, you can buy a Hyundai for a similar price and according to consumer repo…
Energy products. Megapacks are sold out for 12 months in advance right now and the queue is getting bigger.