Elon Musk loses $20B since SNL..would you believe? - page 2.

Chato1977

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Quote from: Botnake on May 14, 2021, 01:15:49 AM

Here's the complete article.

Elon Musk loses $20B since SNL, as Michael Saylor comes out firing

Quote

Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame.

Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets.

On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since the stock has declined 14% to sit around $573. According to Forbes estimates, this sudden drop has seen Musk’s $166 billion net worth plunge by $20 billion down to around $145.5 billion.

The 14% drop this week adds to an overall downward trend for Tesla stock over the past 30 days. On April 14 TSLA shares were sitting at $784. Today's price of $573 marks a 26.91% decrease over this period according to data from Tradingview.

If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

you are asking question that you already have the answer, and that is "Because he Is Stupid Person" .

he keeps tellimg stories and making things complicated to understand , He even try fooling people here and there just for him to be contented.

elisabetheva

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Quote from: lifeforcepools on May 14, 2021, 01:54:18 AM

Quote from: NeuroticFish on May 14, 2021, 01:20:46 AM

And he knows, and we know that after a week or two nobody will remember this and the prices should get back to normal.

Exactly. Two weeks later, it will not matter, even if it was that way.

everyone will get used to what is said, but we must understand what he does, because as a businessman, of course there will be something behind all the statements he makes. we don't know what it all means, so don't trust what is said too much because it will confuse us.
looking for opportunities from his words that can make us benefit.

lifeforcepools

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Quote from: NeuroticFish on May 14, 2021, 01:20:46 AM

And he knows, and we know that after a week or two nobody will remember this and the prices should get back to normal.

Exactly. Two weeks later, it will not matter, even if it was that way.

Lorence.xD

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Quote from: bbc.reporter on May 14, 2021, 01:23:13 AM

@Botnake. I shake my head. This is just another clickbait storyline from bitcoin news media. Tesla’s stock has been falling already since February, after they declared that they bought bitcoin and have begun accepting it as payment.

I speculate the real reason why Elon rugpulled bitcoin is because Tesla is seeking entry into the renewable fuel credit market. They have always needed those government perks for the company.

The drop in the stock of Tesla has always been a thing even before they bought bitcoin, they are targeted by hedge fund demons, I think Elon said that in an interview, they short Tesla. I mean who doesn't want those government perks though, that's the best thing for any company there is, you have the government's support and endorsement for your company and I mean by support is that they will prioritize your business over your competitors and you have the advantages.

Botnake

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Quote from: bbc.reporter on May 14, 2021, 01:23:13 AM

@Botnake. I shake my head. This is just another clickbait storyline from bitcoin news media. Tesla’s stock has been falling already since February, after they declared that they bought bitcoin and have begun accepting it as payment.

What could be the reason why the stocks fell when they starting to accept bitcoin?
I don't see the logical reason why it dumps, can you please explain that here?

Quote from: bbc.reporter on May 14, 2021, 01:23:13 AM

I speculate the real reason why Elon rugpulled bitcoin is because Tesla is seeking entry into the renewable fuel credit market. They have always needed those government perks for the company.

Maybe I would agree with this, at the end of the day, a company that is regulated and supported by the government can't go full crypto, that's why it's so frustrating to see people riding the FOMO without thinking that the government could still come to play and on Elon's business as well or they need support by the government.

The bad news is coming now, maybe it's the end of Elon's game?

GreatArkansas

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Quote from: avikz on May 14, 2021, 01:29:11 AM

(....)
It's either pure stupidity or a trick to buy more bitcoins at lower price. We will see!

Pure stupidity. Especially since the beginning shilling Dogecoin to other people, it's like a pump and dump.

For me, this kind of action made by Elon Musk is like a show or entertainment.

The good thing here he mentioned that they are not selling Tesla's Bitcoin and if you take a look at his recent tweet, there's something on the picture that 'don't panic' words. And doge devs things, it's something like there is cooking something.

avikz

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We all are shocked to see Elon's changing stance on Bitcoin. He is a reputable visionary more than a business monger and the crypto market is heavily impacted by his comments on bitcoin's energy usage and bla bla bla. We don't care about the stock value of Tesla but we do care about the value of bitcoin. So it's not a great sight to see how one person is playing with the market.

It's either pure stupidity or a trick to buy more bitcoins at lower price. We will see!

bbc.reporter

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@Botnake. I shake my head. This is just another clickbait storyline from bitcoin news media. Tesla’s stock has been falling already since February, after they declared that they bought bitcoin and have begun accepting it as payment.

I speculate the real reason why Elon rugpulled bitcoin is because Tesla is seeking entry into the renewable fuel credit market. They have always needed those government perks for the company.

NeuroticFish

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Quote from: Botnake on May 14, 2021, 01:15:49 AM

If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

Sell high, buy low. It's not difficult to sell some, launch some bomb shells on the national television, then buy back, no matter if we talk about Bitcoin or stocks.
Of course, we don't know if he did this or not, but, as you said, he's not stupid. Impatient, maybe, but not stupid.
And he knows, and we know that after a week or two nobody will remember this and the prices should get back to normal.

Botnake

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Here's the complete article.

Elon Musk loses $20B since SNL, as Michael Saylor comes out firing

Quote

Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame.

Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets.

On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since the stock has declined 14% to sit around $573. According to Forbes estimates, this sudden drop has seen Musk’s $166 billion net worth plunge by $20 billion down to around $145.5 billion.

The 14% drop this week adds to an overall downward trend for Tesla stock over the past 30 days. On April 14 TSLA shares were sitting at $784. Today's price of $573 marks a 26.91% decrease over this period according to data from Tradingview.

If this is true, then why Elon would make such a stupid action?

He is not stupid, let's say he loses in this portion but for sure he has made a profit more than he loses.

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