Tesla stock continues bleeding, down 40% since January

[headingnorth]

Tesla could shed another $110 before it finds support, analyst warns

CNBC
MAY 20 2021


Tesla has taken another tumble this week.

The stock has fallen 4% since Monday, extending a sell-off that has dragged shares down nearly 40% from a high set in January. The latest sell-off is tied to the sharp drop in bitcoin – Tesla CEO Elon Musk last week said the company would reverse a decision to allow purchases made with the cryptocurrency, but since clarified it will still hold its investment in the coin.

Tesla could see more pain, warned one chart watcher....

To see article google "Tesla could shed another $110 before it finds support, analyst warns"

===

Why did Elon Musk make such crazy tweets about Bitcoin that cause bitcoin price to drop almost 50% while his company holds $1.5 billion in bitcoin? Why would anyone in their right mind do such a thing? His crazy tweets also  had very negative effect on Tesla stock. Of course Tesla stock was already sinking badly since January 2021 but why would you want to make it even worse by opening your crazy mouth? It's just bizarre. This seems like a PR disaster that could forever stain his reputation and the Tesla brand. Is Musk having some kind of mental breakdown?

We should have seen something like this coming. Someone who puts farting sounds as standard feature in his vehicles doesn't seem very mentally stable. Remember when Musk called the guy who helped rescue the Thai kids trapped in a cave a child molester, for no reason? Who talks like that? Musk should have been removed as CEO at that time before he could do more damage to the company, but its too late now.  

[1legalco]

He's mentally ill, self admitted autistic

He has no control over his mouth

Plus he's a dumb ass

He created a crappy car that will never make money, it breaks even basically

He should of created a economical car that got 2500 miles to the charge, instead he created a 200 mile disaster per charge crap car

Mars will never happen, the planet is dead no core

For years he was against bitcoin and crypto

Now he likes them, then he says no again, he's NUTS

A real NUTTER

Go drill holes in the ground under LA a quake prone area, the next quake there buries his tunnels

Space X will soon be blowing up astronauts

You want the future of crypto

It's FRACTI
www.fracti.org

They give you FREE $3000 to join, they pay you $500 a day to use the site

It buys domains, NFT's and other stuff

FRACTI

Screw Elon he's a mental basket cask

[boyptc]

He's on it again, talking about mining and renewable energy. I think he's unlikely to stop tweeting negative and half positive about bitcoin and most positive with Dogecoin.

Recent tweet he has about bitcoin.

--> https://twitter.com/elonmusk/status/1396914548167233537

[bitterguy28]

He's on it again, talking about mining and renewable energy. I think he's unlikely to stop tweeting negative and half positive about bitcoin and most positive with Dogecoin.

Recent tweet he has about bitcoin.

--> https://twitter.com/elonmusk/status/1396914548167233537

The man will not stop for a long time , Maybe until Dogecoin break a dollar value i think?

But no matter what , it seems like he has no power against Bitcoin for all sake.

[boyptc]

He's on it again, talking about mining and renewable energy. I think he's unlikely to stop tweeting negative and half positive about bitcoin and most positive with Dogecoin.

Recent tweet he has about bitcoin.

--> https://twitter.com/elonmusk/status/1396914548167233537

The man will not stop for a long time , Maybe until Dogecoin break a dollar value i think?

But no matter what , it seems like he has no power against Bitcoin for all sake.

Nobody knows that for sure. We might see him mess up with bitcoin this time as he's trying to have meeting with most of the US miners for them to talk about renewable energy.

Well, he won't stop for sure.

[ethereumhunter]

I guess he will make another tweet again. It seems he wants to take responsibility for his tweet before giving a chance for the price to increase. But we do not know his plan by tweeting about many things related to the crypto world. We really need to be careful to respond to his tweet and do not panic.

[jrrsparkles]

He was rushing to reach the top 1 in the rich list so he made lot of quick greedy decisions which helped him earlier but later went in the wrong way when he said that he is not going to accept bitcoin because it consumes more electrical energy when the idea of his car itself to bring the every cars on the roads with electric power because he always believes that electrical energy is renewable and abundant then why he was against bitcoin made people to think.

[Mauser]

It looks like investors are starting to realise that njt everything is true and turns into gold what Elon Musk touches. I am starting to believe that he knew what was going to happen to tesla and tried to use the bitcoin market to make some profits before. He used his last credibility to manipulate the bitcoin price. Who knows what kind of profit he made. But now the party is over and investors realise it.

[buietaw]

It looks like investors are starting to realise that njt everything is true and turns into gold what Elon Musk touches. I am starting to believe that he knew what was going to happen to tesla and tried to use the bitcoin market to make some profits before. He used his last credibility to manipulate the bitcoin price. Who knows what kind of profit he made. But now the party is over and investors realise it.

I don't believe the party is over. I still think there are too many people who believe in him. Of course, people follow because they believe there will be an opportunity for them. But he definitely uses blockchain technology like a toy to make a pump or dump.

[decodx]

With the stock losing more than a third of its value over the past two months, it’s clear Tesla shares are feeling the pain. In the long run, the market's optimism for Tesla may be misplaced, and the company may even be forced to cut its loses. With losses continuing, and big ones at that, a question has arisen: How much can Tesla really save?

[DeathAngel]

TESLA is a failure, the cars are shit. They’ve never made a profit, they just rely on government subsidiaries.
The way Musk has been behaving publicly with regards to crypto I hope TESLA goes bankrupt.

[Renampun]

I guess he will make another tweet again. It seems he wants to take responsibility for his tweet before giving a chance for the price to increase. But we do not know his plan by tweeting about many things related to the crypto world. We really need to be careful to respond to his tweet and do not panic.

Elon is sure to make new tweets that keep in touch with crypto, then ignore him...

TESLA is a failure, the cars are shit. They’ve never made a profit, they just rely on government subsidiaries.
The way Musk has been behaving publicly with regards to crypto I hope TESLA goes bankrupt.

I really like this sentence -> 'sell Tesla buy Bitcoin'