Tesla’s stock prices dropping fast

[Twentyonepaylots]

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.

Well that is mainly because of over-enthusiasm investors for Tesla. We know how Elon Mush behaved for the past years back riding the trends on every platform. Becoming overvalued stock makes the tesla a good and bad security, though it is expected to have a farther 'potential' fall it is fine to buy more with slight to medium caution coz Elon founded it in a gen Z manner. Tesla will stay at top for Car manufacturers stock prices, but not with earnings, there's a ratio in relation with these two. I've got to be honest, tesla is looking good for the next 5 years, its just Elon that making of a hell of unpredicted stuff these days.

[karabiber]

"Obviously, in turbulent macroeconomic conditions, beware of borrowing when the Fed keeps raising rates," Musk tweeted earlier this week, said. Musk continued to sell his Tesla shares, quite a lot this year. However, Musk said that he would not sell shares after April but he did not do so. After Elon Musk bought Twitter, there was pressure on Tesla shares. Tesla's long term investors think Musk should quit Twitter. Musk should focus on Tesla and not waste time with Twitter. But since the last fall, Elon has made a profit as he has sold his shares at high prices. He always does this.

[alexandr1115]

So isn't it related to the fact that he sold part of the shares?? It seems to me that the purchase of the Twitter platform has a mediocre character here. His company has proven itself well, and it seems to me that shares will be bought up even at such prices.

[KingsDen]

I do not trust Elon for a minute but that does not remove the fact that he is a very smart billionaire, which I'm not surprised about, because the richest man in the world ought to be among the smartest men living. He has all he needs in this life and most of the things he does now is for experiment and just to fulfil his desire. There was absolutely no need of acquiring Twitter. What started like a joke became a reality and recently he has sold over 3 billion dollars worth of Tesla stocks. This his movement may be tilting towards an investment or influencing but we may not understand his moves, that is why I don't follow him sheepishly. Even in crypto where his preferred coin happens to be dodge. I like monitoring from distance and that is the same category I placed CZ. They are too smart to be followed sheepishly they can outsmart you at any given time at your own peril.

[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.

Well that is mainly because of over-enthusiasm investors for Tesla.

A billionaire hyping for his own financial gain, and people fall for that. Just like Tesla did the second stock split in a short time: normally, a stock split doesn't increase the total market cap. Experienced investors know it doesn't matter. Tesla seems to target n00bs who think the stock got cheaper and start buying more of it.

[beerlover]

So isn't it related to the fact that he sold part of the shares?? It seems to me that the purchase of the Twitter platform has a mediocre character here. His company has proven itself well, and it seems to me that shares will be bought up even at such prices.

I think there is a bit of it, but more like a snowball effect. Think of it this way, he sold, and dropped it just a bit but people saw the dropped and they sold some too and there were some stop loss and some hedge funds and suddenly you are looking at a bigger fall.

Twitter probably has nothing to do with it, only possible relation is that he seems to be caring about Twitter more than he cares about Tesla nowadays and that's an issue for Tesla of course, but that wouldn't be something to care about suddenly right now. As long as Tesla keeps building cars and selling them with ease, not having any problems with unsold cars like some other companies have, then they will keep growing.

[TheGreatPython]

I do not trust Elon for a minute but that does not remove the fact that he is a very smart billionaire, which I'm not surprised about, because the richest man in the world ought to be among the smartest men living. He has all he needs in this life and most of the things he does now is for experiment and just to fulfil his desire. There was absolutely no need of acquiring Twitter. What started like a joke became a reality and recently he has sold over 3 billion dollars worth of Tesla stocks. This his movement may be tilting towards an investment or influencing but we may not understand his moves, that is why I don't follow him sheepishly. Even in crypto where his preferred coin happens to be dodge. I like monitoring from distance and that is the same category I placed CZ. They are too smart to be followed sheepishly they can outsmart you at any given time at your own peril.

Only for a minute? Hhmm, you better extend that or make that permanent because I am sure that Elon will keep doing shady things which can affect the public but not for him. He want to make sure that he is still taking a benefit because he is smart right?

But, it's only sad that most of the money that he make are not from a clean and fair way like for example on what he did with BTC and Dogecoin before and now on his own Tesla stocks. He sold a big chunk for profit, completely dumping the price. There might be people who will be tempted to invest after this, making the price to rise again. The cycle will just repeat if they won't wake up.

[trendcoin]

It is not easy to make a direct guess about this situation, but there could be several reasons for this situation. 1- Musk may be selling Tesla stocks to fund Twitter. 2- He has political statements that anger Democrats and Democrats may be selling Tesla stocks because of this. 3- Short sellers who turn the crisis into an opportunity.

These are all just guesses. I think Elon is a little naughty, but he's a good and fun guy. I think our world needs people like him. :)

[Darker45]

That Musk's way of handling Twitter is somewhat controversial and how it seemed to reinforce his image as a villain must have contributed a little, but I don't think that's the main reason. There are probably a number. Not least of which is the aggressive and successive interest rate hike by the Fed. And it's not just Tesla that is significantly affected by this.

Specifically, I guess it's also a reason that the future of electric vehicles is somehow challenged by grid capacity. While this is dismissed by many, the reality on the ground is that even at the current adoption pace, many have already been charging using fuel-powered generators because of grid congestion.

[KingsDen]

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There might be people who will be tempted to invest after this, making the price to rise again. The cycle will just repeat if they won't wake up.

Maybe while you were just typing, people we are already queuing in to buy the low. Lol
That is how the stock market and cryptocurrency market is designed. Every low is seen as opportunity whether manipulated or not. This is why many people do not have faith in centralised system.
Centralized system is always crooked and that is the simplest way to keep making the rich become richer and making the poor poorer.

[teosanru]

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

This was bound to happen after the recent price rally in the price of the share i feel this is just the correction in the price right now. I remember the stock rally which happened in price of Tesla post Covid was most prominently led majorly by the Semiconductor shortage which Tesla handled really well as compared to any other company on the planet. They managed to produce cars even though rest of the Automobile companies were not able to meet the lead time demand. But obviously now as all the companies have picked up the production as per the demand this was pretty much bound to happen. The stock price was overinflated and now is just coming to a correction.

[Wakate]

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

Yes I saw something like this on Twitter about the second largest shareholder complaining about Elon Musk of not been that proactive I'm the company's duty since he purchased Twitter. Must of his attention had been on Twitter which had been causing the continuous decrease in the Tesla stock market. I think if this continues, the board might have to look for another person that would handle the position since he is so focused on his new purchase of Twitter. I am still surprised why he is so comfortable sacking his workers why others are resigning because of his strict rules and duties given to them.

[mindrust]

It is not a surprise that TSLA is dropping like a rock. There are many reason for that.

First of all, the stock was and still is, heavily overbought. It is expensive af. The P/E ratio of that stock is above 40 while the world's biggest car manufacturer Toyota has a P/E of 11.

Second of all, EV's are a dead end. Oil is not going away no matter how hard you lie to yourself. The lithium prices are already climbing along with the electricity prices. It is not sustainable. If you think oil consumption is unsustainable but lithium battery is, you are in a big fucking surprise.

Elon already knows that and that's why he is dumping his position on TSLA like there is no tomorrow.

[philipma1957]

It is not a surprise that TSLA is dropping like a rock. There are many reason for that.

First of all, the stock was and still is, heavily overbought. It is expensive af. The P/E ratio of that stock is above 40 while the world's biggest car manufacturer Toyota has a P/E of 11.

Second of all, EV's are a dead end. Oil is not going away no matter how hard you lie to yourself. The lithium prices are already climbing along with the electricity prices. It is not sustainable. If you think oil consumption is unsustainable but lithium battery is, you are in a big fucking surprise.

Elon already knows that and that's why he is dumping his position on TSLA like there is no tomorrow.

Its sad you are so right and so wrong at the same time.

EV will whale = true

Tesla will fail = true.


Why does Tesla fail?

Ford will bury them.

And as for electrical power going up yes for 10-20 years.

then the fusion plants will drop power cost to all time lows.

[tabas]

Elon, himself said that people shouldn't buy Tesla's stock because it's utterly expensive and he don't want people to lose. Yet, people took his words oppositely and bought the stock.
With its overpricing, he's got all the initiative to sell his stocks and purchase and take the ownership of Twitter. It's just like transferring his wealth from A to B.
And this is normal for those folks that has a lot of money through their own shares of stocks from their companies.

[BIT-BENDER]

This is to say most of Elon musk wealth is attributed to Tesla because he has really fallen off the top of the billionaires list.

Tesla stock has been one of the most consistent in history to be Frank and I don’t see how any holder of Tesla stock should worry so much about the current drop.
It’s more of an opportunity to accumulate Tesla stock now, it’s the future of Cars and would make for a good investment.

[Gyfts]

A lot of tech stocks are falling from their pandemic highs but Tesla is falling disproportionately lower than the rest. Part of it is the U.S. economy approaching a recession, if not already in recession, other part is clearly his Twitter antics. Tesla was overvalued and the marketing gimmicks of Elon promoting Tesla as a "technology" company and not a vehicle manufacture have gotten rather old.

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

It's true to an extent but Elon gives me the impression that he's a bit emotionally unstable over the past month. That's not good for business.

[OgNasty]

Tesla's stock was no doubt overvalued at the peak.  It needed a fall.  Elon even said so himself.  I'm starting to think the valuation is presenting an opportunity for long term believers now though.  As a car company I think it's probably overvalued, but if Tesla is going to make money from colonizing Mars, putting chips in people's heads, and selling robots to households, I think it's probably a good value at the current price.  I haven't dug into Tesla enough to see what stakes it has in Elon's other companies or what beneficial relationships they may have, but I'm assuming they're all somewhat intermingled.

[Davidvictorson]

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.

Prior to the Twitter issues most people already knew that Tesla stock is overpriced and overvalued. Had Musk's Twitter debacle not occurred, the  state in which it existed may have lasted longer. Good thing it happened sooner because most smart people will force everyone to reevaluate both Tesla and SpaceX stocks in as a result of what is happening there.

[dansus021]

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.

Yes I actually agree with your saying, Musk is businessman and the way what he thinks about their company/project is out of the box.
He invented many crazy company like Boring company, Spacex and starlink

What happened in twitter like laid off is happening in other tech company too  but I hope it will recover too

Tesla is a gamechanger paving the way to electric car but the stock is overbought in my opinion and the old car manufacturer start to making the car too. and don't forget with other new company who made electric car too like rivian. that is why investor start to pull out from tesla and diversified to other manufacturer