Keep it going. Canada, you’re doing great.
So he can sell his and cash out first?
Nah. Tesla’s dead. Now we need to kill spacex
when the CEO is begging shareholders “please don’t sell your stocks”, that is quite possibly the single biggest red flag for any company ever. That is “pull your money out yesterday” territory.
The protests won’t stop until the company is bankrupt. Sell em if you’ve got em.
I sold my Tesla stock long ago, before it crashed, because I wouldn’t support M-Rat.
Now I’m thinking of buying a share, only because I want to be in the inevitable class-action lawsuit that is absolutely coming, blaming Musk for recklessly and predictably tanking the stock price, and the Board of Directors for not taking action and removing him from his job when he went out of his mind.
who would invest in a car that’s so susceptible to spontaneous combustion
I may not know anything about the stock market, but I think this means everyone should sell their stocks.
The stock is currently recovering but there’s a lot of fear. People might bail out if Musk pulls another stunt.
Yeah he’s been quiet the last few days, and I knew that had to be why. It won’t last through, he’s like Trump in that neither can stand it when they’re not the center of attention.
Tesla stock is way, way overvalued. If it were based completely on the company and its product, it would be 1/5 or 1/6 of its current market value. That hyped-up value was based on Musk being a benevolent leader into a progressive future of electric vehicles, continentally available charging, shared infrastructure, getting off fossil fuels, solar and alternative energy sources, etc, etc. However now that he has shown that he is actually a regressive, do anything for a buck to be the first trillionaire even if he kills the USA in the process, a**hole, why would Tesla stock stay overvalued? Especially as every new line of Teslas has more problems, with the latest cybertruck being fully recalled? Anyone not bailing now is likely to lose most of their value the longer they wait. The MAGAs that Musk now appeals to are never going to buy an EV and his former supporters that he stabbed in the back will go on to other EV providers.
Just a quick summary:
- insiders are selling huge amounts of stock
- sales figures in the last two months were horrible
- constant recalls of cybertrucks which are also basically not selling
- protests and vandalism
- brand is universally hated
- record trade-ins and sales of second hand vehicles
- no new models or products in the pipeline
- laughable vaporware announcements
- begging employees not to sell
- begging Trump for a sales show
- questionable accounting practices exposed in financial times
How anyone can still hold on to Tesla stock is beyond me.
You left out “Incredibly high P/E”
What I love is that it’s a damned if you do, damned if you don’t situation.
The whole reason it has such an absurd valuation, 20x higher than a normal car company, is that they convinced investors they weren’t just a boring car company. They had a visionary CEO who was going to keep innovating and growing the company in ways that normal car companies could never replicate. He was Tony Stark! Now they’re in a situation where it’s that same CEO who’s dragging them down. His politics is tanking their reputation, so it’s tanking their stock value.
The problem is, if they dump him as CEO, there’s absolutely no way to justify the absurd P/E ratio. They can’t just go out and appoint another supposed “Tony Stark” to run the company. That means they stick with him and their stock price tanks because he’s one of the most hated people in the world. Or, they ditch him and their stock price tanks because with their visionary CEO gone, the jig is up and there’s clearly no way to justify a P/E ratio of 100 when Toyota has a P/E ratio of approximately 7.
And for Elon, half his wealth is Tesla stock, and he borrowed against that Tesla stock to fund his Twitter purchase. If Tesla tanks, it all could come crashing down around him. There’s no escape for him either. He can’t realistically even sell his stock because as soon as he started trying to do that it would signal his lack of confidence and cause the value to plummet.
It’s just annoying that Tesla’s stock isn’t crashing faster. So many people who don’t believe in the sunk cost fallacy, and are desperately lying to themselves rather than cashing out before the bubble bursts.
I wonder how this will end?
Probably with an illegal government bailout, either in the form of an incredibly generous to Tesla purchase order or just cold hard cash
This is going to end funny
A short history of what happens to Presidents in Peru From 2000 to now.
Alberto Fujimori July 1990 to November 2000 (10 years +) Imprisoned, Corruption and crimes against humanity.
Valentin Panaigua November 2000 to July 2001 (9 months) Transitional President
Alejandro Toledo July 2001 to July 2006 (5 years) Extradited, money laundering, collusion.
Alan Garcia July 2006 to July 2011 (5 years) Suicide, accused of bribery and corruption.
Ollanta Humala July 2011 to July 2016 (5 years) Imprisoned, accused of bribery and corruption. That’s two Presidents in a row!
Pedro Kuczynski July 2016 to March 2018 (almost 2 years) Under House arrest, accused of bribery. At least there is no corruption (charges).
Martin Vizcarra March 2018 to November 2020 (2 ½ years +) Ousted in Coup. Accusations of moral competence.
Manuel Merino SIX DAYS (6 DAYS) Resigned due to protests and riots.
Francisco Sagasti November 2020 to July 2021 (9 months) Transitional President
Pedro Castillo July 2021 to December 2022 (1 ½ years) Detained. In custody, attempt to dissolve Congress.
Season 2025 of the second phase of earth is sooo facinating!
If I had Tesla stock my terms would be that Elon Musk literally has to kiss my bare ass for me not to sell my stock. Then if he does it, I sell anyway!
Would it make sense to have bought it in the past just for leverage now? (not asking about 1 stock but if a ton of ppl did)
The traditional “leverage” is just the standard CEO - stockholder relationship. The CEO manages the company well and the stockholders reward the CEO with payment and/or by making the stock price go up by buying more and/or not selling. IMO that basic relationship broke down a while ago, but the stock market has been unhinged for so long that it seemed to not matter.
