TSLA Crashes to $5 per Share

[TrailerParkTed]

I was posting when you posted this. elon is definitely selling more shares today. And he does it in such a ham-fisted way. He really does see himself as smarter than the rest of us. He isn't. He really isn't.

Elon has been surrounding himself by "Yes Men and Women". There's a 2700 year old proverb Elon should know since he's been quoting Bible passages. Elon's acting like Solomon's son, he threw away 80 percent of his nation by listening to idiots.



"The way of a fool is right in his own eyes, but a wise man listens to counsel" (Prov 12:15).

 

[Rams Fan]

Tesla’s Third Largest Shareholder Calls For the Ouster of Elon Musk as CEO | Observer

 

[Rams Fan]

he threw away 80 percent of his nation by listening to idiots.

Given the political polarity of the country, I think there is a good chance Musk has thrown away about half of his potential buyer base. I don't think he fixes that easily. He thought he could "fix" twitter but he is simply trying to turn it into another echo chamber for people who agree with him. The "yes men and women" you speak about, but at twitter, drawn from the public at large.

I maintain my short TSLA position. It is going to $5. If it does go at least sub $10, then I think it gets bought out by a competitor. The buyout price will be higher than the market price at the time the takeover is announced. If and when Tesla gets close to $30, I will start accumulating LEAPs.

 

[Businessman]

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Tesla’s Third Largest Shareholder Calls For the Ouster of Elon Musk as CEO | Observer

"Leo built his stake in Tesla during the early days of the COVID-19 pandemic, when the stock traded at a split-adjusted price of about $40"

So this guy bought around the $40 price, but didn't sell when the price was above $400, less than 18 months later. Greedy fool.

 

[Rams Fan]

Greedy fool.

He drank the kool aid and thinks of his TSLA shares as an investment that should grow in perpetuity rather than the pump and dump operation that it is. No one told him to be short on the back side.

 

[Businessman]

He drank the kool aid and thinks of his TSLA shares as an investment that should grow in perpetuity rather than the pump and dump operation that it is. No one told him to be short on the back side.

He turned a $1Billion investment into $10 Billion. That was already one of the greatest trades in history. Some people are never satisfied.

 

[Rams Fan]

That was already one of the greatest trades in history.

Agreed. And I really didn't mean to sound as though I were belittling him. He is far wealthier than I. I'm still trying to turn my $1 into my first $1Billion. I've run it up pretty good, but still a long way off from a billion.

I'll keep you posted.

 

[SunTrader]

Might want to read this:
Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022 | Mercom India

Tesla energy is profitable in 2022. No point comparing it to auto which is extremely profitable but energy is growing YoY, mostly constrained by battery production limitation. Expectation is major growth in 2023 and beyond.

Tesla's market share of ev in the US is 68%. Of course it is going to lose market share as competition ramps up, but market is expanding so Tesla auto is still growing significantly YoY, with margins of 20 to 30%, something no other auto maker can achieve.

20% in 2025... Wanna bet?

You're talking (your book) out of both sides of your mouth.

Tesla is an energy company, not strictly an auto company. True.

Their EV's are high margin, not the other stuff. Also true.

So why does the first distinction matter again?

 

[SunTrader]

Maybe this $150 area is resistance turned to support. Or maybe one of the other lower spots are? But what is not in doubt is that, like the overall market, Tesla is still cratering and likely got much more to go.

 

[sridhga]

Tesla will be a penny stock in 12 to 18 months. Could happen sooner, but probably won't take longer.


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Then reddit and Twitter will collaborate to make it meme stock and throw it up like a volley ball.