Tesla’s stock prices dropping fast

[White pawn]

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963

[Freddie Boyer]

Overall, I like following Elon Musk because he's interesting and he has a lot of cool projects going on. However, he's not the best at handling Twitter. Sometimes it's hard to understand what he means and his short-worded tweets can lead to confusion among readers.

In the end, Musk is a shrewd investor who knows how to play the game. He's smart enough to realize when he needs to make a few sacrifices for the greater good. At the same time, this Twitter incident has given us some great insight into how Musk's mind works. That alone might make it worth it.

[gantez]

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

I can understand that if the stock dropping for Tesla since Twitter is in the hands of musk. Musk is not like by everyone especially the bitcoiners so they don't know what he will use Twitter for or against bitcoin. The way that musk is sacking old workers also can bring more people to dislike and withdraw stocks they have in Tesla. It is a lot of reasons we think about for that. It is a challenge he need to go on that but if he stable Twitter with good policy he will gain confidence back and Tesla share will start appreciating.

[o48o]

Funny enough, if Elon Musk would just shut up he would have better PR but i guess that's not an option for him. He is just too addicted fo a publicity and fans adoring him.

But stock didn't crash only because his twitter saga train crash, which was a huge part of it. It's now winter and clear to everyone that no-one in Europe can't afford to drive electric cars, not until there's cheaper energy around. We were counting too much for pipes coming from russia. And it didn't help Germany to shut down their nuclear reactors.

We need to invent cheaper and eco-friendly ways to produce energy for preventing something like this in the future.

[Davian144]

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963

Maybe this is happening because Elon Musk's own focus is being devoted to other things at the moment and one of them is for social media Twitter. A month ago I also had time to read a bit of news in the local media where Elon Musk said that he was not disclosing more information about Tesla's future. But regarding cheap cars, Musk said it was thinking about it. "I can't talk about Tesla's future. But we do think about making more vehicles for less money than we do," Musk said. _[Reference]

[mk4]

If I were to guess, this is simply because retail investors think that Elon Musk's attention would once again be divided due to him handling another company(Twitter). That, and Tesla has always been tremendously overpriced in the first place.

Funny enough, if Elon Musk would just shut up he would have better PR but i guess that's not an option for him. He is just too addicted fo a publicity and fans adoring him.

Elon Musk is actually doing really great PR-wise. You just don't expect everyone to like you especially if you're a person with that huge of a following.

[davis196]

The Tesla stock price dropping has little to do with the acquisition of Twitter by Elon Musk.
Tesla is viewed as a high tech company by the investors, rather than an automobile company. The big tech companies are facing big decline in their market cap. A recession is coming and many people won't be able to afford expensive Electric Vehicles. The revenue of Tesla will go down.
I'm still perplexed by the fact that many people consider Elon Musk to be a genius. He's not a genius and he isn't even a good businessman.
Tesla and SpaceX weren't successful because of Musk. They were successful because of the engineering teams and the government support. Paypal wasn't successful because of Musk. His weird side projects, like "The Boring Company" are turning into a failure.
I still don't know why this guy has become the richest person on the planet. He is basically the biggest oligarch in the USA.

[o48o]

Elon Musk is actually doing really great PR-wise. You just don't expect everyone to like you especially if you're a person with that huge of a following.

In what way are you measuring it? Because i can tell you why i said his pr could be better:

I've never encountered Hate against tesla or elon so much before this. He was doing just fine. He was even written jokes in SNL that made him look very symphatic.

In where i live, there were ton of public people in selling their Teslas in because of Elon's views and actions. Companies in twitter / pr accounts of cities were wondering if they would stay in twitter. So those were individual haters? How many individual haters you need to still have good PR?

Sure, Elon has fanbois, there's no question about that, at some point even i thought he might be just misunderstood before the whole pedo-tweet incident. That day i started to look more closely what kind of man is Elon. And those fanbois are not his advertisers that left the twitter, fanbois are not the ones dumping his stocks either.

So tell me how is his PR great? If you are talking about followers in twitter, then did Trump also have good pr?
And if he was, then what was he complaining in the first place?
End Elon has very much similar follower base to trump, people who love trolling and some mystical "sticking it to elite".
And this clown is richest man in the country that loves draconian work culture... This union is just plain weirdly masochistic.

Rest of people always want to see a dumpster fire, especially when that dumpster is worth $181.3 billion

[mk4]

*snip*

I never said he had perfect PR and he definitely had a decent amount of bad press here and there, but it's still good knowing how huge his following is. There will always be people that's going to hate him and the people selling their Teslas because of Elon's takes is a total nothingburger.

Elon Musk is one of the best examples of "any publicity is good publicity".

[Twentyonepaylots]

Funny enough, if Elon Musk would just shut up he would have better PR but i guess that's not an option for him. He is just too addicted fo a publicity and fans adoring him.

Might be his greatest strength or weakness. It always come the way we never want it haha.

But stock didn't crash only because his twitter saga train crash, which was a huge part of it. It's now winter and clear to everyone that no-one in Europe can't afford to drive electric cars, not until there's cheaper energy around. We were counting too much for pipes coming from russia. And it didn't help Germany to shut down their nuclear reactors.

I am expecting every thing to be down during this time, inflation in many countries have been alarming with less competitiveness from the government. Tesla will drop by 20% in the 1st quarter of 2023, that's a quick maffs.

We need to invent cheaper and eco-friendly ways to produce energy for preventing something like this in the future.

How do we make this when the leaders are being neck-grabbed by these money freak company owners? They are just the ones who has a future in this world.

[BigBos]

If I were to guess, this is simply because retail investors think that Elon Musk's attention would once again be divided due to him handling another company(Twitter). That, and Tesla has always been tremendously overpriced in the first place.

In my opinion, this makes more sense. Investors may be right. They are worried that Tesla will not be managed properly by Elon Musk because he is focused on managing Twitter. Since the beginning of buying Twitter, Elon has always been preoccupied with this company.
I think not only that but this is also caused by the news of the threat of recession. I can't avoid it, because companies and investors are very afraid of the recession. Of course, it has a big impact on the world of stocks and the business ecosystem. If you pay attention, not only Tesla has fallen, but Google, Amazon, Meta, Microsoft and others have all seen their declines over the last year. I think this is a normal event in the current economic situation.

[Hydrogen]

Some sources are claiming a judge ordered tesla to downgrade its self driving software to freeware and eliminate the monthly subscription plan for a single customer.

Judge Orders Tesla To Upgrade Customer's Self-Driving Computer For Free On His Model 3

This is a big victory for those who own Teslas built since 2016.

A US judge has ordered Tesla to perform a free upgrade of the self-driving computer in a customer's Model 3 in order to allow him to have Full-Self Driving without having to pay extra. According to Electrek, the customer, Ian Jordan, bought a new Model 3 a few years ago with the understanding it had FSD hardware. It did, but not the upgraded version.

https://carbuzz.com/news/judge-orders-tesla-to-upgrade-customers-self-driving-computer-for-free-on-his-model-3

I'm not certain if this will translate to other cases. if tesla will be forced to follow similar legal precedents in other cities and states. Maybe it won't amount to more than a single isolated incident?

Tesla's decline in stock price could represent the worst case scenario. Traders tend to assume the worst. Which could imply tesla's current stock price is a little undervalued at the moment. But there could also be declines in overall sales revenue which could be stacked on top of this, looming on the horizon. Recession generally correlates with declines in revenue. Tesla is said to have a long waiting list of buyers waiting for delivery of vehicles, which should guarantee demand. But there is also supply chain impact on revenue to consider.

[Hispo]

-snip-

I don't like subscriptions business models anyways.
Hopefully this is true and turns into a good precedent for Tesla to be forced on getting rid of that nonsense and perhaps even other companies which may plan to do the same, like Ford.

No doubt that if that is the case, the stock price will continue to fall. On the bright side, Tesla investors should be grateful they did not invest on Nikola instead, this dump is nothing in comparison to what happened to Nikola's stock. 

[poldanmig]

Overall, I like following Elon Musk because he's interesting and he has a lot of cool projects going on. However, he's not the best at handling Twitter. Sometimes it's hard to understand what he means and his short-worded tweets can lead to confusion among readers.

In the end, Musk is a shrewd investor who knows how to play the game. He's smart enough to realize when he needs to make a few sacrifices for the greater good. At the same time, this Twitter incident has given us some great insight into how Musk's mind works. That alone might make it worth it.

The decline in Tesla stock price has dropped quite a bit and even on the day it was recorded that their shares had decreased by up to 4.15%, the decline that occurred of course made some shareholders a little scared and they claimed that the current decline was due to the actions of Elon Musk who acquired Twitter some time ago, although logically tesla and twitter are companies that have different backgrounds, the actions of someone as influential as elon musk will of course have a negative and positive impact on all the companies they own, but I think the current decline is only a temporary impact so that when Tesla or Elon Musk are able to create hype again, their stocks will automatically go up again.

[Marcellin9]

Funny enough, if Elon Musk would just shut up he would have better PR but i guess that's not an option for him. He is just too addicted fo a publicity and fans adoring him.

But stock didn't crash only because his twitter saga train crash, which was a huge part of it. It's now winter and clear to everyone that no-one in Europe can't afford to drive electric cars, not until there's cheaper energy around. We were counting too much for pipes coming from russia. And it didn't help Germany to shut down their nuclear reactors.

We need to invent cheaper and eco-friendly ways to produce energy for preventing something like this in the future.

I agree with and appreciate your views on connecting the dots to make a sense. Tesla's stocking crashing is not just beause of Elon's mismanagement on Twitter but more about the market demand for electric cars decreasing due to the high energy cost for electricity or other fuels. This is far more logical than judging a person or a company from an isolated perspective. You'll see a lot more consequences to come in the future.

[White pawn]

Funny enough, if Elon Musk would just shut up he would have better PR but i guess that's not an option for him. He is just too addicted fo a publicity and fans adoring him.

But stock didn't crash only because his twitter saga train crash, which was a huge part of it. It's now winter and clear to everyone that no-one in Europe can't afford to drive electric cars, not until there's cheaper energy around. We were counting too much for pipes coming from russia. And it didn't help Germany to shut down their nuclear reactors.

We need to invent cheaper and eco-friendly ways to produce energy for preventing something like this in the future.

With his recent acquisition of twitter, he has been tweeting like crazy and people are starting to see him in a new light. He really is addicted to publicity and fans adoring him and bootlickers kissing his ass. The only person who tweeted and loved adoration this way was Trump, so perhaps they’ve got more in common than we all thought.
His handling of twitter and his ramblings on there isn’t entirely to blame for his Telsa stocks crashing, although it’s a huge factor. Some people just can’t afford to buy cars from him anymore.

[franky1]

twitter acquisitions happens months ago..
price didnt tank till this week

this weeks tesla share drop was because elon sold $3.6b of his own shares
the shares were sold over 3 days (monday tues day wednesday)

[dothebeats]

it seems that investors are no longer liking Elon's antics regarding Twitter and feels that as long as the man is trying to play with this social media giant, it will eventually lead to disappointments and financial mistakes on the CEO's part. The general public sentiment about Elon handling Twitter has been pretty negative thus far, and it just makes his image a lot more distasteful the more he pushes through with this Twitter thing. Even if the brand itself is doing so-so in terms of market performance and general public sentiment, the fact that Elon is on the helm of its operations also make Tesla an easy target for the public (and investors) lashing out on Elon.

[LoyceMobile]

Tesla is still highly overvalued for a small car manufacturer. It doesn't make sense to be worth more than many large and experienced car manufacturers.

[Lucius]

~snip~

Some people may have been surprised by all that he is currently doing with Twitter, but he is just showing his true nature and with that, without any doubt, he has angered and disappointed many people around the world. He still thinks he is doing something good, and at the same time the list of famous and influential people who leave that social network is getting bigger and bigger.

I think that part of his business has an impact on all other companies, especially the part that relies on car sales. If someone does not agree with his actions regarding Twitter, then maybe they will sell the shares of his company or decide that they no longer want to drive or buy vehicles manufactured by his company. However, I don't worry about people like him, with all the wealth he has and billions of dollars in incentives from the government, he can continue his game.