What Musks nutso shenanigans are costing Tesla owners in one graph:

[Article Accelerator]

jonny wrote:
Not to mention... in the last year Tesla stock has lost over 50% of its value.

:RollingEyesSmiley5:

Actually about 62%…so far.

[Article Accelerator]

ztirffritz wrote:
The real question is why is Elon trying to drive TSLA lower? He's smarter than you or me.

Is he?

I think he's playing games with the media similar to the Orange Guy. I suspect that he's trying to finish screwing short sellers. Like REALLY screw short sellers.

By giving them exactly what they wished for? Hmm…

[mattkime]

My reaction to the initial post - I feel bad for anyone who treats their car like a financial asset instead of a consumable.

[Carnos Jax]

ztirffritz wrote:
I don't think so. It's only a mistake until everyone goes..."why didn't I think of that?"

The secret to financial success is to see the road to success while it's still a dirt path, not an 8-lane highway.

[quote=hal]
He may be smarter than you and me, but he has also made the most expensive mistake in recorded history.

Ztirfrittze, if it wasn’t a mistake, why did he try to back out of the deal? As a fellow Tesla investor, who hasn’t sold yet, I’d be curious as to your answer.

[Carnos Jax]

ztirffritz wrote:
The real question is why is Elon trying to drive TSLA lower?

You think he is deliberately trying to drive Tesla lower? I have a minority thesis that he is doing so as well. My only speculation is maybe so he can hire more AI engineers, and use stock options as a carrot (which would be easier if Tesla‘s stock price was lower).

My majority opinion, however, is that he is not trying to deliberately tank TSLA.

[Carnos Jax]

P.S. - What percentage of your portfolio does Tesla represent ztirffritze?

[Carnos Jax]

jonny wrote:

-Cargurus.com

Do you think they could be going down because wait times for new Teslas are going down? I don’t know, but I am curious as to the cause. One of my initial fears when Musk started exhibiting oral diarrhea with Twitter, was that people will stop buying Teslas in significant numbers. But I don’t really think that will be the case, as the masses don’t seem to really care about that sort of stuff and do just what’s best for them anyway.

[ztirffritz]

He tried to re-negotiate the deal once he realized the scope of the fustercluck at Twitter. He could have fought it, but I think he decided it would take too long and drag too many people through the mud.

Carnos Jax wrote:
[quote=ztirffritz]
I don't think so. It's only a mistake until everyone goes..."why didn't I think of that?"

The secret to financial success is to see the road to success while it's still a dirt path, not an 8-lane highway.

[quote=hal]
He may be smarter than you and me, but he has also made the most expensive mistake in recorded history.

Ztirfrittze, if it wasn’t a mistake, why did he try to back out of the deal? As a fellow Tesla investor, who hasn’t sold yet, I’d be curious as to your answer.

[AllGold]

ztirffritz wrote:
The real question is why is Elon trying to drive TSLA lower? He's smarter than you or me. I think he's playing games with the media similar to the Orange Guy. I suspect that he's trying to finish screwing short sellers. Like REALLY screw short sellers.

I don't think you understand how short selling stock works.

[Lemon Drop]

Today Barron's dropped its 12 month target price from $325 to $225, and moves like this often go with "we're just hoping it doesnt get worse" thinking.

They cited possible production curtailment, price cuts and incentives...negative pressure on short term company revenue.

Various polls have shown that people who lean left politically are far less likely to buy a Tesla now that Musk has revealed his hard right sentimemts.

If you look at a potential Tesla customer, isn't it more likely an environmentally conscious, well-educated person with money?

And brand image is very important when you drop that much on a luxury car. Tesla's brand cannot be separated from Elon Musk at least short term.

Maybe lots of right leaning people will line up to buy these cars, but that seems unlikely to me. I think he killed a number of his golden geese, at a time the company faces safety lawsuits and recalls.