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The Elon Musk Twitter shitshow

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Where have we heard that before?
 
The case for buying TSLA is the PEG Ratio (Price/Earnings/Growth). Still too expensive for me, but PEG Ratio is under 1.0 Apple's is 2.48. If you think TSLA has a lot of growth left, then it might be cheap.
admittedly, i have no expertise in evaluating stocks but...
a few years ago i vaguely recall reading that manufacturers made a lot more $$ from pickup trucks than from cars. ford even shut down a bunch of car lines while expanding trucks. if cybertruck is a hit and there's a good chance it will be, would that be enough growth for tsla?
 
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Not sure what planet you’re living on but here on earth Tesla is making the most superior EV’s and Twitter is the best social media site on the planet!
I’m assuming this is sarcasm…but if it’s not I would love to know how you’re quantifying that statement….I just checked a few rankings of best electric cars 2022-23…and there wasn’t a Tesla model on them.
 
He's more like Trump that I realized. I've always wondered if he was just the money and not the brains behind his businesses. It's becoming more clear. Also, is @Phenomenally Frantastic still alive?

Brains in what sense?

Ideas, direction, and $$$. And apparently an eye for hiring the right talent.

Of course he wasn't going to be doing all the rocket science work himself, or all the business op work.

Of course... Jobs didn't exactly write the code himself at Apple. Or Gates or etc. . . When you get to that scale you don't do the work yourself -- your brains are hired.

Musk sounds a bit chaotic as a business leader. His accomplishments speak for themselves, however.
 
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Tesla has gone from a 1.2 trillion valuation end of last year to 372 billion valuation today!
Tesla Bulls are gutted.
Elon knew something as he sold 39 billion in Tesla stock recently.
Wow…down 5% this morning ($117)! Tesla’s set a new 2-year low every day for at least the last couple weeks.
 
Tesla has lost 70% of its value. Your statement is undeniably false.
Some people thought that Tesla as a company was worth 2x the other major car manufacturers combined.

By any conceivable metric it was grossly overpriced a year ago, unless you thought the other car companies would fold their tents and cede the entire auto industry to Tesla.

The company is still at crazy valuations, unless you still think there is tremendous growth for them to make at the expense of the rest of the industry.
 
Some people thought that Tesla as a company was worth 2x the other major car manufacturers combined.

By any conceivable metric it was grossly overpriced a year ago, unless you thought the other car companies would fold their tents and cede the entire auto industry to Tesla.

The company is still at crazy valuations, unless you still think there is tremendous growth for them to make at the expense of the rest of the industry.
Yeah, I never got it being the most valuable automaker stock in the world to begin with.
 
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Some people thought that Tesla as a company was worth 2x the other major car manufacturers combined.

By any conceivable metric it was grossly overpriced a year ago, unless you thought the other car companies would fold their tents and cede the entire auto industry to Tesla.

The company is still at crazy valuations, unless you still think there is tremendous growth for them to make at the expense of the rest of the industry.
You think the huge drop is because people everywhere realized that all of a sudden?
 
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You think the huge drop is because people everywhere realized that all of a sudden?
I look at the sudden drop more as a sign of them realizing too late.

What I don’t have is an expectation that Tesla was going to grow into that absurd valuation, and Musk just messed it up for everyone all of a sudden.

I no Davey-day-trader, but I remember looking at their valuations when the company hit profitability and thinking then people would head for the exits.

As Keynes would say, “Markets can stay irrational longer than you can stay solvent."

Gates’ financial advisors were clearly prudent, and not making a moral statement. To your point, perhaps some holders of Tesla stock were busy smelling their own farts instead of checking on the company’s fundamentals. But I’d argue the effect is complementary, not primary, on the stock price.
 
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I look at the sudden drop more as a sign of them realizing too late.

What I don’t have is an expectation that Tesla was going to grow into that absurd valuation, and Musk just messed it up for everyone all of a sudden.

I no Davey-day-trader, but I remember looking at their valuations when the company hit profitability and thinking then people would head for the exits.

As Keynes would say, “Markets can stay irrational longer than you can stay solvent."

Gates’ financial advisors were clearly prudent, and not making a moral statement. To your point, perhaps some holders of Tesla stock were busy smelling their own farts instead of checking on the company’s fundamentals. But I’d argue the effect is complementary, not primary, on the stock price.

Ehh... it's probably because of increased competition and worry over Musk's twitter adventure. (plus the downturn itself)
 
Ehh... it's probably because of increased competition and worry over Musk's twitter adventure. (plus the downturn itself)
And the impact to the brand reputation. There are many, many examples of companies having huge valuations that grow to them despite fluctuations in the market. Tesla's fall is partly due to the market but far more due to Musk and his failures as a leader.
 
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It's definitely true. When Elon brokered that deal was the moment I seriously started questioning just how intelligent he was. Everybody knew that was a terrible offer, and then seeing Elon even tweet about hoping it didn't happen shortly thereafter made me realize he'd had another speak before I've actually vetted something moment. There are too many powerful people who don't think through the ramifications of what they say and who have enough money to make it not an issue when it happens. This one may have finally hurt a bit.
 
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