Tesla’s stock prices dropping fast

Argoo

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Quote from: White pawn on December 14, 2022, 04:08:47 AM

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963

It is unlikely that in this case there is a relationship between the fall in the price of Tesla's stock and the recent acquisition of the social network Twitter by Elon Musk. The reason for the fall in Tesla shares must be sought in the activities of the company itself. It is possible that this is a seasonal price fluctuation, as we see in the cryptocurrency market. It is possible that demand for Tesla products is falling due to the upcoming Christmas and New Year holidays. Buyers of electric cars are more interested in the car itself than Elon Musk's social activities.

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Quote from: RockBell on December 19, 2022, 02:58:09 AM

When it comes to management, it's actually not that simple, and I don't think the price is falling just because of the company's attention being diversified. I believe Musk laid off about 7500 workers globally, but that decision seems very harsh to me given the numbers, and one thing I admire about Elon is that he will still bounce back. In addition to being a businessman, Musk also knows how to play the game, so I think the company's 20% decline in market cap is a sign of reinforcement for Elon.

I think he has a good plan for twitter and he is interested to put in fresh work force and maybe this is misinterpreted by the media and that could be leading to the stock of Tesla to be dropping. Surely he will come back stronger and he is a media entertainer, he will come up with some media gigs that will increase the relevance of his companies.

MarjorieZimmermanGinger

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Quote from: White pawn on December 14, 2022, 04:08:47 AM

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It seems that investors are starting to worry about Tesla because Elon Musk started selling some of Tesla's shares to build new ideas on Twitter, this has sparked investors' panic over ownership of Tesla's shares, so the share price has decreased in recent months.

Quote

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company

Elon Musk is an entrepreneur, he knows what he is doing will have an impact, making the decision to acquire social media Twitter which he did was a new idea in his business. But I think he's starting to plan to take over the whole of Twitter, in fact a lot of employees are starting to get laid off on the social media platform.

For Tesla's relationship, I don't think he has completely abandoned it, it could be that Twitter media will become Tesla's partner in the future. Because Elon Musk is unlikely to divest part of Tesla's shares, if he doesn't have big plans on the social media platform.

savetheFORUM

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Quote from: RockBell on December 19, 2022, 02:58:09 AM

When it comes to management, it's actually not that simple, and I don't think the price is falling just because of the company's attention being diversified. I believe Musk laid off about 7500 workers globally, but that decision seems very harsh to me given the numbers, and one thing I admire about Elon is that he will still bounce back. In addition to being a businessman, Musk also knows how to play the game, so I think the company's 20% decline in market cap is a sign of reinforcement for Elon.

The main reason why it is falling is because musk sold a big portion of it. It was reported lasted time. Maybe some of the profits that they will be getting are going to be diversified on other investment instruments. This can be a good thing and can help them in the upcoming recessions.

Speaking of recessions, laying off workers are a part of it. This seems harsh but the company are going to suffer badly if they won't do it. By the time they recover and earning well once again, they still can rehire those workers that they laid off. Musk is a smart guy and he won't be able to grow his company like this if he isn't strategic so we must not worry because he surely knows what he is doing.

o48o

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Quote from: dansus021 on December 18, 2022, 10:53:27 PM

Quote from: eaLiTy on December 18, 2022, 05:01:52 AM

Even if there are other companies manufacturing electric cars, Tesla produces the best and he is way ahead of others. What we are seeing in the stock price is a natural correction and there is nothing to be worried.

Yes I would say the same things, although we may wait little bit more and we can start do the accumulation of tesla stock Grin

. and Indeed Tesla produces the best car, especially with their auto drive fiture. Tesla stock maybe took a hit too after mr.elon need money for twitter Grin

and after I check it, this happen not just in tesla but also in other the same industry like rivian and lucid

Ok, what exactly are the qualities you guys are measuring when you say it's the "best" electric car? Best how? Can you point to reviews compared to rival electric cars?

Have you seen what the competition has been building all this time?
https://www.hotcars.com/elon-sheds-tear-tesla-model-s-plaid-loses-fastest-car-crown/

Or is it just because it was first one that brought awareness to electric cars? Because i am thinking Tesla might have done better without Elon hijacking it over.
What we are seeing in the stock price could be natural correction like you said, but most likely it's the price of electricity.

RockBell

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When it comes to management, it's actually not that simple, and I don't think the price is falling just because of the company's attention being diversified. I believe Musk laid off about 7500 workers globally, but that decision seems very harsh to me given the numbers, and one thing I admire about Elon is that he will still bounce back. In addition to being a businessman, Musk also knows how to play the game, so I think the company's 20% decline in market cap is a sign of reinforcement for Elon.

dansus021

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Quote from: eaLiTy on December 18, 2022, 05:01:52 AM

Even if there are other companies manufacturing electric cars, Tesla produces the best and he is way ahead of others. What we are seeing in the stock price is a natural correction and there is nothing to be worried.

Yes I would say the same things, although we may wait little bit more and we can start do the accumulation of tesla stock Grin

. and Indeed Tesla produces the best car, especially with their auto drive fiture. Tesla stock maybe took a hit too after mr.elon need money for twitter Grin

and after I check it, this happen not just in tesla but also in other the same industry like rivian and lucid

STT

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The clearest point made about Tesla vs Twitter is the CEO time of Elon Musk is clearly divided where he is distracted from management of Tesla. Whatever view on the higher multiple valuation to Tesla, if the man is not there its not as possible for him to work his magic. Dont have to be that bearish when the price has been bid up so much, just going back to the '420' buy secured moment is reasonable says one of the men (Ben Hockett) who foresaw the 2008 housing debt problem before it fell; perhaps somebody more reliable for a reasonable take on hyped market values.

Fortify

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Quote from: White pawn on December 14, 2022, 04:08:47 AM

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963

In many ways it was inevitable that Elon would abandon ship from this company eventually, he is a very manipulative figure and currently tied up with his vanity project Twitter - which he vastly overpaid on but it feeds his psychopathic and narcissistic behavior. Tesla made most of it's money for many years from selling it's carbon credits to other automotive manufacturers, but they have caught up now and are starting to be ruthless competitors again. Tesla doesn't have much unique and many people bought into it just because it went up in value without doing a proper analysis of it. Ignoring stock splits it went up about 10 times in price from 2019 onwards, so a correction was bound to happen because it simply was not profitable enough to justify it.

o48o

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Quote from: Kryptowerk on December 18, 2022, 11:01:19 AM

Well, there have been critical voices over the last few years about a massive overvaluation of the Tesla company in general.
Ofc, nobody holding Tesla stocks wants to hear that, however I wouldn't be suprised to see a huge implosion within the next 1 to 3 years.
-cut-

Remember when that Space Karen himself said the tesla stock was too high?

I was just looking at the chart and there's no way of telling where the bottom is. There are support levels of course but when the company is going to toilet those meme lines are pointless. It might as well drop 70% more just because the cost of electricity renders the cars unusable in Europe.

And then there's the fact that Elon used 26% of if own networth to buy a twitter only to see advertisers funding it leaving. That doesn't really grow trust in the Tesla leadership.

kryptqnick

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Shares are a bit like cryptos in a sense that they can get very volatile. Tesla isn't doing well if compared to November 2021 ATH point, but it's still higher now that it was a bit more than two years ago. I don't like Musk and I think people like him should lose some power, but I don't think the current situation is signalling the end of Tesla's glory, any more than the current BTC fall means it will never recover. Moreover, electric cars are better for the environment overall than other cars (although not as good as some might assume), so seeing Tesla go down wouldn't be particularly pleasant to me.

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Quote from: panganib999 on December 18, 2022, 03:41:22 PM

I think this is caused by a multitude of issues. Primarily how belligerent Elon is on Social Media, specially after that mess-up of royal proportions on Twitter, a serious and obvious case of "don't try to fix what's broken". Since then the people's trust of him is steadily declining and his true nature as an old-money emerald billionaire from the South Africa is being shed light on. Add to this the fact that we're facing one of the worst economic declines to date and we'll have a stock price from a notable company steadily dropping like the expectations of people for Elon.

Musk tesla is a hit and musk is very happy with his decision he is making at twitter.
HE is not afraid of what people would think - he is bold and fear nothing.

panganib999

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I think this is caused by a multitude of issues. Primarily how belligerent Elon is on Social Media, specially after that mess-up of royal proportions on Twitter, a serious and obvious case of "don't try to fix what's broken". Since then the people's trust of him is steadily declining and his true nature as an old-money emerald billionaire from the South Africa is being shed light on. Add to this the fact that we're facing one of the worst economic declines to date and we'll have a stock price from a notable company steadily dropping like the expectations of people for Elon.

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Quote from: Kryptowerk on December 18, 2022, 11:01:19 AM

Quote from: White pawn on December 14, 2022, 04:08:47 AM

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963

Well, there have been critical voices over the last few years about a massive overvaluation of the Tesla company in general.
Ofc, nobody holding Tesla stocks wants to hear that, however I wouldn't be suprised to see a huge implosion within the next 1 to 3 years.

Musk has quite the polarizing personality, which is always good for any kind of press, good and bed. I think the high level of attention he is getting did have an impact on the Tesla stock evaluation.
Personally I would always be very sceptic towards any kind of cult / hype around just one "genius" individuum. People tend to underestimate their own potential and overerstimate that of charismatic people.

The stock market in general is overvalued and without a doubt the Tesla stock is overvalued even now, however what happens is that with the death of Steve Jobs the media was looking for the next genius and they focused on Elon Musk, however from the very beginning I have thought that his purchase of Twitter was a huge mistake and it seems I was not wrong, Twitter is simply not on the area of expertise of Elon Musk and the way he has manage it has began to raise many questions as it is obvious he is not sure how to handle it.

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Quote from: White pawn on December 14, 2022, 04:08:47 AM

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963

Well, even Elon Musk couldn't make the price stop to not to fall down, this is something I couldn't expect from Tesla and Musk because just after Elon Musk bought twitter and he got full access to one the most important social media I was expecting to see the effect of his action in market to change the situation positively. because now he can spread any news he wants on Twitter by using this power he got.

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Quote from: White pawn on December 14, 2022, 04:08:47 AM

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963

Well, there have been critical voices over the last few years about a massive overvaluation of the Tesla company in general.
Ofc, nobody holding Tesla stocks wants to hear that, however I wouldn't be suprised to see a huge implosion within the next 1 to 3 years.

Musk has quite the polarizing personality, which is always good for any kind of press, good and bed. I think the high level of attention he is getting did have an impact on the Tesla stock evaluation.
Personally I would always be very sceptic towards any kind of cult / hype around just one "genius" individuum. People tend to underestimate their own potential and overerstimate that of charismatic people.

Flexystar

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Thank God I have bought everything in the crypto currency and little less or maybe nothing from the stock market. I’m very terrified when it comes to the Share market games. Don’t know there is too much of wait time for them to boom and also there is always risk like the one is being explained in the Op here. With the crypto currencies that’s what we can avoid. Yes there is lot of volatility and stuff however we can always be sure that asset like bitcoin can always boom itself to unexpected price. So I’m going stick to it only and stay away from the billionaires tweet.

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Quote from: LoyceMobile on December 15, 2022, 07:25:16 AM

Tesla is still highly overvalued for a small car manufacturer. It doesn't make sense to be worth more than many large and experienced car manufacturers.

Tesla is riding with the hype created by Elon musk name. I believe that it is overvalued too. I check on the list to see the ranking position and is number 20 in the world in car producers.

https://www.carlogos.org/reviews/largest-car-companies.html

So if it is dropping in value of the stock it is not surprising.

Smartprofit

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Quote from: White pawn on December 14, 2022, 04:08:47 AM

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963

Perhaps investors are worried that Elon Musk is simultaneously engaged in a large number of different projects.

Tesla is a very ambitious project. However, in order for electric vehicles to completely replace cars with an internal combustion engine, it is necessary to make a lot of efforts.

The world economy is currently in recession. At such moments it is very difficult to develop new projects - there are simply not enough resources.

Therefore, Elon Musk should concentrate on one project, and not try to deal with many different projects at the same time.

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Quote from: karabiber on December 15, 2022, 10:05:25 AM

"Obviously, in turbulent macroeconomic conditions, beware of borrowing when the Fed keeps raising rates," Musk tweeted earlier this week, said. Musk continued to sell his Tesla shares, quite a lot this year. However, Musk said that he would not sell shares after April but he did not do so. After Elon Musk bought Twitter, there was pressure on Tesla shares. Tesla's long term investors think Musk should quit Twitter. Musk should focus on Tesla and not waste time with Twitter. But since the last fall, Elon has made a profit as he has sold his shares at high prices. He always does this.

It was his problem from the beginning.

Musk was always involved in too many different projects at the same time starting new ones and leaving the old ones unfinished.

He has the mind of a garage inventor who tinkers with a thing for a while then throws it away because he has another idea and then comes back to the old project and half of them never get finished while the other half is completely useless but once in a while he makes a real gem that gives him money and energy to keep working.

Stocks will keep falling as long as the FED keeps cutting but the FED itself said that they will stop somewhere next year and everything will recover.

Stocks are representation of the economy not only the state of the company.

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