Elon Musk loses $20B since SNL..would you believe?

[Botnake]

Here's the complete article.

Elon Musk loses $20B since SNL, as Michael Saylor comes out firing

Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame.

Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets.

On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since the stock has declined 14% to sit around $573. According to Forbes estimates, this sudden drop has seen Musk’s $166 billion net worth plunge by $20 billion down to around $145.5 billion.

The 14% drop this week adds to an overall downward trend for Tesla stock over the past 30 days. On April 14 TSLA shares were sitting at $784. Today's price of $573 marks a 26.91% decrease over this period according to data from Tradingview.

If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

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[NeuroticFish]

If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

Sell high, buy low. It's not difficult to sell some, launch some bomb shells on the national television, then buy back, no matter if we talk about Bitcoin or stocks.
Of course, we don't know if he did this or not, but, as you said, he's not stupid. Impatient, maybe, but not stupid.
And he knows, and we know that after a week or two nobody will remember this and the prices should get back to normal.

[bbc.reporter]

@Botnake. I shake my head. This is just another clickbait storyline from bitcoin news media. Tesla’s stock has been falling already since February, after they declared that they bought bitcoin and have begun accepting it as payment.

I speculate the real reason why Elon rugpulled bitcoin is because Tesla is seeking entry into the renewable fuel credit market. They have always needed those government perks for the company.

[avikz]

We all are shocked to see Elon's changing stance on Bitcoin. He is a reputable visionary more than a business monger and the crypto market is heavily impacted by his comments on bitcoin's energy usage and bla bla bla. We don't care about the stock value of Tesla but we do care about the value of bitcoin. So it's not a great sight to see how one person is playing with the market.

It's either pure stupidity or a trick to buy more bitcoins at lower price. We will see!

[GreatArkansas]

(....)
It's either pure stupidity or a trick to buy more bitcoins at lower price. We will see!

Pure stupidity. Especially since the beginning shilling Dogecoin to other people, it's like a pump and dump.

For me, this kind of action made by Elon Musk is like a show or entertainment.

The good thing here he mentioned that they are not selling Tesla's Bitcoin and if you take a look at his recent tweet, there's something on the picture that 'don't panic' words. And doge devs things, it's something like there is cooking something.

[Botnake]

@Botnake. I shake my head. This is just another clickbait storyline from bitcoin news media. Tesla’s stock has been falling already since February, after they declared that they bought bitcoin and have begun accepting it as payment.

What could be the reason why the stocks fell when they starting to accept bitcoin?
I don't see the logical reason why it dumps, can you please explain that here?

I speculate the real reason why Elon rugpulled bitcoin is because Tesla is seeking entry into the renewable fuel credit market. They have always needed those government perks for the company.

Maybe I would agree with this, at the end of the day, a company that is regulated and supported by the government can't go full crypto, that's why it's so frustrating to see people riding the FOMO without thinking that the government could still come to play and on Elon's business as well or they need support by the government.

The bad news is coming now, maybe it's the end of Elon's game?

[Lorence.xD]

@Botnake. I shake my head. This is just another clickbait storyline from bitcoin news media. Tesla’s stock has been falling already since February, after they declared that they bought bitcoin and have begun accepting it as payment.

I speculate the real reason why Elon rugpulled bitcoin is because Tesla is seeking entry into the renewable fuel credit market. They have always needed those government perks for the company.

The drop in the stock of Tesla has always been a thing even before they bought bitcoin, they are targeted by hedge fund demons, I think Elon said that in an interview, they short Tesla. I mean who doesn't want those government perks though, that's the best thing for any company there is, you have the government's support and endorsement for your company and I mean by support is that they will prioritize your business over your competitors and you have the advantages.

[lifeforcepools]

And he knows, and we know that after a week or two nobody will remember this and the prices should get back to normal.

Exactly. Two weeks later, it will not matter, even if it was that way.

[elisabetheva]

And he knows, and we know that after a week or two nobody will remember this and the prices should get back to normal.

Exactly. Two weeks later, it will not matter, even if it was that way.

everyone will get used to what is said, but we must understand what he does, because as a businessman, of course there will be something behind all the statements he makes. we don't know what it all means, so don't trust what is said too much because it will confuse us.
looking for opportunities from his words that can make us benefit.

[Chato1977]

Here's the complete article.

Elon Musk loses $20B since SNL, as Michael Saylor comes out firing

Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame.

Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets.

On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since the stock has declined 14% to sit around $573. According to Forbes estimates, this sudden drop has seen Musk’s $166 billion net worth plunge by $20 billion down to around $145.5 billion.

The 14% drop this week adds to an overall downward trend for Tesla stock over the past 30 days. On April 14 TSLA shares were sitting at $784. Today's price of $573 marks a 26.91% decrease over this period according to data from Tradingview.

If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

you are asking question that you already have the answer, and that is "Because he Is Stupid Person" .

he keeps tellimg stories and making things complicated to understand , He even try fooling people here and there just for him to be contented.

 

[Renampun]

Here's the complete article.

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If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

I'm not sure Elon lost that much, Elon only sells on top then buys on the bottom...

day by day there are lots of dramas that elon does, and this makes the public's trust in he diminish. Elon is a businessman who plays the drama well but is polluting the crypto market.

[Natalim]

Here's the complete article.

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If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

I'm not sure Elon lost that much, Elon only sells on top then buys on the bottom...

day by day there are lots of dramas that elon does, and this makes the public's trust in he diminish. Elon is a businessman who plays the drama well but is polluting the crypto market.

That's the problem with big businesses as they only announce their losses but not their profit. Look, Elon has been shilling DOGE and DOGE has reached $ 0.70 as its ATH and we haven't heard the news about how much Elon made from the success of DOGE.. this is nonsense actually and though he loses, I'm sure he is still in profit in overall.

[aysg76]

Here's the complete article.

Elon Musk loses $20B since SNL, as Michael Saylor comes out firing

Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame.

Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets.

On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since the stock has declined 14% to sit around $573. According to Forbes estimates, this sudden drop has seen Musk’s $166 billion net worth plunge by $20 billion down to around $145.5 billion.

The 14% drop this week adds to an overall downward trend for Tesla stock over the past 30 days. On April 14 TSLA shares were sitting at $784. Today's price of $573 marks a 26.91% decrease over this period according to data from Tradingview.

If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

The main reason for his wealth decrement is that Tesla share prices were overvalued and gain mor than 700-800% with increase in electric vehicles demand for Tesla cars.But they were way too high at that time aslo but after they tend to fall sharply Elon's net worth also follow the same route.But he took another manipulative action to tweet about Bitcoin and other cryptocurrencies and his t recent announcement of stop accepting Bitcoin as payment tumbled the Bitcoin prices as well as Tesla share prices also.But what we don't know is that he have personally gain so much by selling at ATH and now dumping the prices to buy at low point.You can never judge what next is going to happen in this volatile market.He knows he is in complete power to create FUD and gain profits from it as he is now shark in the market and benefitting from it.

[Lucius]

Rich people are rich because everything they do, they do according to plan and for a reason - so even though sometimes their moves seem illogical, in the end these $20 billion in losses can very easily turn into $50 billion in profits. I wouldn’t be at all surprised that EM is starting to realize how easy it is to make billions from crypto compared to producing and selling cars - and has therefore become much more aggressive in its tactics.

He is also a convicted and well-known manipulator who uses his position to steer the market in a certain direction, and from what I read yesterday and today, some people are already asking the SEC to react to his tweets and ban him from manipulating the crypto market.

[slaman29]

Sell high, buy low. It's not difficult to sell some, launch some bomb shells on the national television, then buy back, no matter if we talk about Bitcoin or stocks.
Of course, we don't know if he did this or not, but, as you said, he's not stupid. Impatient, maybe, but not stupid.
And he knows, and we know that after a week or two nobody will remember this and the prices should get back to normal.

Jamie Dimon did this with Bitcoin already, and I think even some old shillers know how to do the same. Dips are great times to buy. Sell for USDT and buy back in easy flip of 20% why not?

If I had the money and the following I can on myself bet I'd do the same, and I'm sure most of us would also without blinking.

[davis196]

Elon Musk is a businessman,not a stock trader or a cryptocurrency trader.
He doesn't care that much about Tesla stock prices going down or a Bitcoin price crash.He cares about his business.
Tesla stocks are overvalued for years and their price going down is a pretty much expected process.
I don't know if the current Bitcoin price is overvalued or not,but that doesn't matter in the long term.
I guy with a net worth of 200 billion dollars losing 20 billion dollars is like me losing $100-yeah,it sucks,but it's not a big deal.

[zanezane]

The reason that the stocks dipped was that they find his appearance in the show as unfunny and they don't like to invest in something that they don't find funny also they have pigs in the stock market that short the stocks so they can make a lot of money.

[hazenyc]

Here's the complete article.

Elon Musk loses $20B since SNL, as Michael Saylor comes out firing

Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame.

Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets.

On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since the stock has declined 14% to sit around $573. According to Forbes estimates, this sudden drop has seen Musk’s $166 billion net worth plunge by $20 billion down to around $145.5 billion.

The 14% drop this week adds to an overall downward trend for Tesla stock over the past 30 days. On April 14 TSLA shares were sitting at $784. Today's price of $573 marks a 26.91% decrease over this period according to data from Tradingview.

If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

He seriously doesn't care. He himself publicly said that the Tesla stock is way too expensive. He really doesn't care. It is just a number your calculator shows when you multiply his number of stocks with the stock price. Put it whatever way you wish, Elon Musk is among the top two richest men in the world and whatever he wants to do today or tomorrow, funding would never be a problem for him. He signed contracts with NASA and I am sure they know how this guy works and yet signed the contracts.

[stompix]

One should never put all that stock dump on his performance on SNL.
Apple was on 131 Friday and got dumped to 122 Wednesday, and Tim Cock was not the invited.

Although his latest interventions might have contributed to this it's not all about this, Tesla has always been susceptible to shocks and the latest news especially with competitors munching on the EV shares more and more and reducing the gap in numbers of cars sold by far more than everyone could have anticipated is also pulling the stocks lower.
Plus there was something far worse for the stock than a show:
Tesla suffers setback in China as backlash over safety, quality of its electric cars sinks sales by 27 per cent
When one of the official arms of the Chinese propaganda is starting hitting at you like that means troubles!

[$crypto$]

Here's the complete article.
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That's the problem with big businesses as they only announce their losses but not their profit. Look, Elon has been shilling DOGE and DOGE has reached $ 0.70 as its ATH and we haven't heard the news about how much Elon made from the success of DOGE.. this is nonsense actually and though he loses, I'm sure he is still in profit in overall.

He will hide his overall profit, obviously it is very shilling that DOGE has reached ATH which makes Elon a bigger income but this is no news published so I think this drama will continue.
With Tesla stock slumping it just wants to panic and buy lower and after that they will sell higher which is normal and I think this will just be a trap for us.

I see this news continues to roll full of drama but when there is a loss the news continues to spread everywhere then what about the profit? how many hundred billion does elon produce?