Oh yeah, I know. I just don’t think it’s an accomplishment - it’s not something that anyone should have had to “figure out” in a well managed company
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Exactly. (Sorry I read over your response too fast after a glass of wine.)
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CNN really needs to do better research. I don’t know who this clown is that they were getting their information from but everyone knows that the platform’s founder was noneother than the great John Mastodon.
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Does anyone really believe that it will change anything?
Twitter is still his toy after all. This statement is designed to keep Tesla stocks from going into the toilet.
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I expected the clash of egos to shorten this stint by a lot more.
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Zooming out shows a bubble.
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I’m trying to remember what was going on in summer of 2020 to cause the stock to skyrocket that way. Did the pandemic lockdowns boost interest in electric cars somehow?
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From Feb 2020…
A green wave? Seems sus.
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During the pandemic a lot of real dumb stock market stuff was going on - Gamestop, AMC, and also just the general rise of r/WallStreetbets
To some degree I think it is that also
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So basically just too many idiots stuck behind computer monitors with nothing better to do.
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I don’t know how much it affected Tesla, but you also had a situation where some people were working from home (saving them a significant amount of money) plus getting a very small bonus in the form of covid relief. A lot of people seemed to take that money and make some very strange investments with it (crypto was also popular for this)
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It’s possible that Tesla wasn’t as badly affected as the rest of the automobile industry by semiconductor shortages.
Still, a bubble is a bubble.
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Elon was repeatedly on twitter pumping Tesla stock , as well as making hints about Tesla taking Dogecoin and a bunch of other things.
In short, this is a massive pump and dump, and Elon’s been selling tesla stock this whole time. I’d also wager he’s shorting Tesla now too.
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Yeah, I saw a lot of stories about how the pandemic-related supply chain shortages didn’t have as large an effect on Tesla as other automakers as the company is more “vertically integrated” than most. But whatever advantage that provided is largely over now as most supply chains are getting close to normal again. (Although anything could happen, especially with the pandemic raging in China right now)
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My understanding was that things were looking up for the automotive industry (I work in a closely related industry, so it affects my company quite a bit too) at the beginning of this year, but then semiconductor production came to an abrupt halt once again when China started imposing restrictions on the use of electric power, which they then followed up with strict lockdowns. I think it’s still going to be a while before things get back to normal for the industry, but any advantage that Tesla once had won’t last for too much longer.
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Of course his stock went up in 2020. That’s when he finally cracked the self driving car problem.
He hired a chauffeur.
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Are execs allowed to short their own companies? That seems an incredibly bad thing to allow.
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