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Tesla is trading at $112.76 a share today. (Original Post) RandySF Dec 2022 OP
Good buying price. BSdetect Dec 2022 #1
Unless it turns into penny stock. Irish_Dem Dec 2022 #5
Now That's Just Ridiculous SoCalDavidS Dec 2022 #11
A bit of possible hyperbole. Irish_Dem Dec 2022 #16
This joke never gets old. uncle ray Dec 2022 #12
Keep going lower. LiberalFighter Dec 2022 #2
Driving it down so the Saudis can buy it and take it private? haele Dec 2022 #3
What does Musk get out of this deal? Irish_Dem Dec 2022 #6
I think the SEC needs to look into his trades again. haele Dec 2022 #14
Maybe the whole thing has been a con from the beginning. Irish_Dem Dec 2022 #17
We can hope Joinfortmill Dec 2022 #9
Trump and Musk destroyed the idea Joe Cool Dec 2022 #4
Good Joinfortmill Dec 2022 #10
399.93 on Jan 3, 2022; 113.12 as of 12:53 today patphil Dec 2022 #7
Down 71.8% For The Year ProfessorGAC Dec 2022 #8
Its still way overvalued Mr. Sparkle Dec 2022 #13
Tesla will be under $100 a share by Thursday. sarcasmo Dec 2022 #15
Wonder if Elon is hoping for a government bailout. usonian Dec 2022 #18
rockets and sat internet is space-x... not tesla getagrip_already Dec 2022 #20
Kinda like watching Blockbuster in 2017-18. Torchlight Dec 2022 #19
Not much left before Elon gets margin called & the stock goes into a death spiral LetMyPeopleVote Dec 2022 #21
Closed at $109.10 Johnny2X2X Dec 2022 #22
Tesla sets new record LetMyPeopleVote Dec 2022 #23
107.22 after hours at 5:45 CST moonshinegnomie Dec 2022 #24

haele

(12,660 posts)
3. Driving it down so the Saudis can buy it and take it private?
Tue Dec 27, 2022, 01:39 PM
Dec 2022

That seems to be what various money folks are saying is going on. Plus everyone that put in shorts since Musk started screwing with Twitter is making bank right now.
I wouldn't be surprised if there isn't some stock manipulation going on right now. Musk may think he's immune because he still thinks he's the richest guy in the world, but he's starting to steal from other rich folks. They will take his cocky ass down as an object lesson.

Haele

haele

(12,660 posts)
14. I think the SEC needs to look into his trades again.
Tue Dec 27, 2022, 02:38 PM
Dec 2022

If he was shorting the (overvalued)Tesla stock since November/early December and his antics have driven the stock down faster than normal market forces would have, he could have been making three/four times profit than he would have on the Tesla stock if he had just kept his mouth shut and actually worked on improving Twitter than destroying it.
Tesla stock had been treated as a tech company rather than an auto company. With more EV competition coming on line, pretty soon it would have lost value as it loses it's tech company status and became just another niche auto company. Unfortunately for Tesla, Musk had been forcing too many shortcuts in the design, production and QA of the product itself that it could maintain a high-end niche market value, like, say, Mclaren or Bugatti. I see it going the way of the Edsel over the next ten years.
Pity-Tesla could have really been an innovative luxury standard for EVs.

Haele

Irish_Dem

(47,131 posts)
17. Maybe the whole thing has been a con from the beginning.
Tue Dec 27, 2022, 02:46 PM
Dec 2022

And the house of cards is falling apart.

Joe Cool

(741 posts)
4. Trump and Musk destroyed the idea
Tue Dec 27, 2022, 01:39 PM
Dec 2022

that billionaires are geniuses and reinforced the idea that those who are rich due to Daddy’s money tend to be doofuses who believe they are smart.

patphil

(6,182 posts)
7. 399.93 on Jan 3, 2022; 113.12 as of 12:53 today
Tue Dec 27, 2022, 01:55 PM
Dec 2022

That's over a 70% drop in 1 year.
A lot of TSLA shareholders are losing their shirts.

ProfessorGAC

(65,076 posts)
8. Down 71.8% For The Year
Tue Dec 27, 2022, 02:02 PM
Dec 2022

But, hey there's 2 days for a full rebound!
The Twitter thing seems like an excuse to market correct. The market capitalization is still 4.5x assets or revenue.
Admittedly, revenues have grown dramatically in the last 2 years, but that 4.5x is still silly high for what amounts to a durable goods manufacturer.

Mr. Sparkle

(2,935 posts)
13. Its still way overvalued
Tue Dec 27, 2022, 02:34 PM
Dec 2022

People threw their money at musk because they believed in him and his mission, not anymore

usonian

(9,814 posts)
18. Wonder if Elon is hoping for a government bailout.
Tue Dec 27, 2022, 02:48 PM
Dec 2022
https://www.cnn.com/2021/01/31/investing/tesla-profitability/index.html
Tesla’s dirty little secret: Its net profit doesn’t come from selling cars
By Chris Isidore, CNN Business
Updated 7:53 AM EST, Mon February 1, 2021

Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements – such as Tesla, which exclusively sells electric cars.

It’s a lucrative business for Tesla – bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. The $1.6 billion in regulatory credits it received last year far outweighed Tesla’s net income of $721 million – meaning Tesla would have otherwise posted a net loss in 2020.

“These guys are losing money selling cars. They’re making money selling credits. And the credits are going away,” said Gordon Johnson of GLJ Research and one of the biggest bears on Tesla (TSLA) shares.


Makes a lot of money from "gubbmint" no? Rockets and such.

Clairvoyant? They couldn't have known about the clown act of 2022.

getagrip_already

(14,764 posts)
20. rockets and sat internet is space-x... not tesla
Tue Dec 27, 2022, 04:08 PM
Dec 2022

Tesla does make some solar power gear and services, but not sure if that is profitable. So t's not just vehicles.



Torchlight

(3,341 posts)
19. Kinda like watching Blockbuster in 2017-18.
Tue Dec 27, 2022, 02:52 PM
Dec 2022

I watched with confused amusement when as recently as July this year, a brilliantly manufactured short squeeze convinced a lot of saps to invest back into Blockbuster in what was even then, a penny stock.

But hey, for those brilliant risk-takers in living in the immediacy of bragging-rights land, it's still a steal at ¢.15 a share.

Johnny2X2X

(19,066 posts)
22. Closed at $109.10
Tue Dec 27, 2022, 05:15 PM
Dec 2022

Incredible. Maybe the largest evaporation of value in corporate history. Lost about $3/4 a Trillion in value in less than a year.

Musk became toxic at the worst possible time for Tesla. They were going to have a bumpy road with competition regardless, but he’s just blown the whole company up with his personality.

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