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Economy

mahatmakanejeeves

(57,425 posts) Fri Aug 5, 2022, 04:14 PM Aug 2022

Tesla is getting smacked today, and I don't know why.

https://finance.yahoo.com/quote/TSLA?p=TSLA

They had their meeting yesterday. Maybe it's a case of "sell on good news." Beats me.

I don't own any, other than through an index fund.

3 replies

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Tesla is getting smacked today, and I don't know why. (Original Post) mahatmakanejeeves Aug 2022 OP

Likely two factors... ZenDem Aug 2022 #1

What, no MULN? bucolic_frolic Aug 2022 #2

Uhhhhh... ZenDem Aug 2022 #3

ZenDem

(442 posts)

1. Likely two factors...

Reply to mahatmakanejeeves (Original post)

Fri Aug 5, 2022, 05:49 PM

Aug 2022

Twitter overhang and announcement of a 3 for 1 split.
Split is happening 8/25 (?).

It'll recover. I don't know enough to say when. I don't own any...yet...but will after the split. I do own Rivian and Lucid. Still have fatally optimistic hopes for Lucid and genuine confidence in Rivian.

bucolic_frolic

(43,146 posts)

2. What, no MULN?

Reply to ZenDem (Reply #1)

Fri Aug 5, 2022, 05:57 PM

Aug 2022

ZenDem

(442 posts)

3. Uhhhhh...

Reply to bucolic_frolic (Reply #2)

Fri Aug 5, 2022, 06:09 PM

Aug 2022

...nope.

There are a lot of EV startups and more on the way. I'm not really a gambler. I took a gamble on Lucid that isn't working out well. That's the end of my "startup" experiment.

I wish them all lots of luck, though. It'll be interesting to see who is still around in 10 years.

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