TSLA Crashes to $5 per Share

Elon Musk’s Twitter obsession isn’t the core reason for Tesla stock’s plunge

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"Part of the problem with Tesla’s stock price is that critics question whether it was ever worth the trillion-dollar valuation it had at the start of the year. At its peak, Tesla was worth more than the 12 largest automakers on the planet combined, despite having a fraction of the sales of any of them. Today it is worth $399 billion."

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https://www.cnn.com/2022/12/23/investing/elon-musk-tesla-twitter/index.html
 
SunTrader said:
Elon Musk’s Twitter obsession isn’t the core reason for Tesla stock’s plunge

..........

"Part of the problem with Tesla’s stock price is that critics question whether it was ever worth the trillion-dollar valuation it had at the start of the year. At its peak, Tesla was worth more than the 12 largest automakers on the planet combined, despite having a fraction of the sales of any of them. Today it is worth $399 billion."

..........

https://www.cnn.com/2022/12/23/investing/elon-musk-tesla-twitter/index.html
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Looking at the market caps of auto makers does have some value.
 
lwlee said:
I don't think we've hit a bottom just yet. The bear market has been too orderly. No real panic just a big deflating. Feels too easy if TSLA was to go back to ATH from here. Next Jan earnings should be a mover.
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yeah. I’m wondering the same thing as well. My concern in my position is that the stock’s value will be compared to auto makers and not to some distruptive new non-comparable technology (which Tesla can be seen in both ways).

I’m long via calls because either it will be 250 or 10.
 
newwurldmn said:
yeah. I’m wondering the same thing as well. My concern in my position is that the stock’s value will be compared to auto makers and not to some distruptive new non-comparable technology (which Tesla can be seen in both ways).

I’m long via calls because either it will be 250 or 10.
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Unfortunately the reality of Tesla's "disruptive" technology is proving to not be so easy. I'm seeing a lot of YouTube videos complaining about the increasing delays of FSD. Right now the "last mile" to go fully auto, I think is much further away than initially promised. The other stuff like solar is stumbling as well as I believe TSLA has almost given up on those home solar panel installations citing the cost and complexity. So there is some premium to the promising emerging technology but not quite as high as the fanboys would have you believe.

A better bet if you are playing next earnings is a strangle option.
 
I know the title sounds and reads as hyperbole, but Tesla is a broken stock. And its stock is now broken to the point that it indicates it is a broken company. It is Enron. It is Worldcom. The fraud has just not yet been laid bare in the financial press. But some big players are either on to it, or strongly suspect it.

Musk is a modern-day Jeffrey Skilling, a Ken Lay, a Bernie Evers. I don't know if Musk ever goes to prison, but it usually doesn't end well for these types, the conmen and carnival barkers of capitalism.

We will be reading stories of retail traders who lost it all because "Tesla was the future, it wasn't just a car company, it was an energy company."

Enron and Worldcom were viewed as similarly disruptive in their respective industries.

Tesla is going to $5/share.
 
I don't believe TSLA is going to $5 or that Musk is Ken Lay or Bernie Ebbers (not Evers) but I do believe Tesla is broken currently and Elon is just a waaaay distracter stoner CEO.

Pulling a number out of my azz I'd say $50 or so seems more likely a bottom to be attained.

But who really knows. Only Mr Market and he ain't sayin' yet.
 
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