I am curious if it is possible for Musk to be fired from tesla? I have a tiny position in tesla , I sold most of it a long time ago but I think there is no way to save tesla with him running it.
ELON MUSK WILL NEVER BE FIRED FROM TESLA
There is
no way Elon Musk will ever be fired from Tesla. That would would crash the stock overnight the day he left. That would be
business suicide. He
IS the brand. He holds
ALL the leverage. I'm sure the board and shareholders pray every night he never quits.
I'm not sure what you mean by
"save Tesla." The company is the same as it's been for the last decade. It's not going anywhere, and with governments pushing EV subsidies, Tesla is safe for many years to come. Tesla was essentially a "meme" that got major pump action, no more. Overvalued. There's nothing to
"save" when a company's overvalued, traders overpaid, it simply corrects.
All your seeing now is the stock coming back into a more realistic valuation, since the share price was 74x it's earnings last year. 5x-6x is normal, 74x times? A big correction was inevitable, nothing to do with Musk or Twitter.
Tesla no longer is the "EV trailblazer," other manufacturers are now catching up, as with any business. Multiple companies now eating into market share, the "pump bubble" had to correct.
Musk's world and political views have been known for years. This is simply market forces at work, like every other stock. It was heavily pumped, now it's correcting.
Ford is $12-$14/share, stable as a rock, it's valuation is realistic. Tesla will find it's natural, stable valuation, where it will become a more institutional stock with time, after the "meme thrill" is gone.
**If the cost basis of your position is too high, short your own shares to lower it. Sell them all every time Tesla and the Dow hit a big top, then buy them back on every big drop. Do that 3-4 times a year and your cost basis will come back in line.
Happy Trades!
