Seems like we are going down 5% everyday. Twitter, recall, growth, China, whatever
Seems like capitulation is within reach
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Yes, but not his only responsibility to shareholders. I don't know Tesla's OA (Operating Agreement), but they don't need to be boilerplate and can include things like the mission, society, planted... which must also be weighed in with finance as a whole. Is the Tesla OA public I wonder?I mean- he literally does
The CEO had a fiduciary duty owed to shareholders to act in their best interests.
You can certainly debate if what he's doing with twitter (or has done there in the past, or will do in the future) are in the best interests of Tesla shareholders or not-- but he owes that duty to the owners of Tesla nonetheless.
Technicals on the TSLA chart pattern are pretty much a head-and-shoulders pattern, and now we're on the downleg of the far shoulder, which is not a good place to be. One analyst I follow put his initial downside target a couple of days ago at $187, which it seems like we are bouncing off. Hopefully we can hold here. In the long run, the business fundamentals should win out, but this short-term action is admittedly very painful to experience (unless you have the guts to load up here).Seems like we are going down 5% everyday. Twitter, recall, growth, China, whatever
Seems like capitulation is within reach
I've yet to see a reasonable explanation for this SP. Can we talk about plausible explanations? Due to a lack of SEC filings, we can already rule out the "Elon is selling" theory.
The most prevalent theory I continue to see is the "Twitter overhang." The premise is that people expect Elon will need to sell TSLA sometime in the future, so they're attempting to frontrun that sale with the intent to cover their shorts when he sells. I don't buy this theory because TSLA has been in a steady decline since late September. Sophisticated shorts would attempt to frontrun immediately before they think Elon would sell, so they could cover quickly and make a large return for limited risk. Frontrunning, and then holding onto the short for 2 months would be dumb and expensive.
The conspiratorial part of my mind wants to think that there are some wealthy individuals attempting to crash TSLA as some sort of revenge for buying Twitter. There still seems to be a misconception that if TSLA falls low enough, Elon may default on some of his loans. But last we heard, he's not using margin-loans: Elon Musk Ditches Tesla-Backed Loans as Part of His Twitter Takeover This would be some extremely expensive revenge, and there are probably easier and cheaper ways to spend it (see all the astroturfing on social-media, or whoever's backing Dan O'Dowd).
Next is some sort of sense of key-man risk. But fundamentally I don't think Elon's behavior has changed much. He's always been impulsive and obstinate, and those are some of the qualities that have led him to success.
And the last theory worth discussing is just whether the tech bubble has burst, and TSLA is a leading indicator. The Fed overdid interest rate increases, market indicators are flashing red, and TSLA is the canary in the coalmine. We all know that TSLA was worth every penny at the ATH, but skeptics may be offloading their TSLA shares in anticipation of a deeper recession.
Thoughts?
He's definitely cranked it up a notch, or ten. A lot more people have lost trust in the CEO, you can argue if that's warranted or not but it's a simple fact. That's a huge overhang on the stock and it's probably not going away.Next is some sort of sense of key-man risk. But fundamentally I don't think Elon's behavior has changed much. He's always been impulsive and obstinate, and those are some of the qualities that have led him to success.
People are nervous buying a stock where the CEO acts like he is a bat whack crazy crack head….and projects it on a daily basis via his very own social media company.I've yet to see a reasonable explanation for this SP. Can we talk about plausible explanations? Due to a lack of SEC filings, we can already rule out the "Elon is selling" theory.
The most prevalent theory I continue to see is the "Twitter overhang." The premise is that people expect Elon will need to sell TSLA sometime in the future, so they're attempting to frontrun that sale with the intent to cover their shorts when he sells. I don't buy this theory because TSLA has been in a steady decline since late September. Sophisticated shorts would attempt to frontrun immediately before they think Elon would sell, so they could cover quickly and make a large return for limited risk. Frontrunning, and then holding onto the short for 2 months would be dumb and expensive.
The conspiratorial part of my mind wants to think that there are some wealthy individuals attempting to crash TSLA as some sort of revenge for buying Twitter. There still seems to be a misconception that if TSLA falls low enough, Elon may default on some of his loans. But last we heard, he's not using margin-loans: Elon Musk Ditches Tesla-Backed Loans as Part of His Twitter Takeover This would be some extremely expensive revenge, and there are probably easier and cheaper ways to spend it (see all the astroturfing on social-media, or whoever's backing Dan O'Dowd).
Next is some sort of sense of key-man risk. But fundamentally I don't think Elon's behavior has changed much. He's always been impulsive and obstinate, and those are some of the qualities that have led him to success.
And the last theory worth discussing is just whether the tech bubble has burst, and TSLA is a leading indicator. The Fed overdid interest rate increases, market indicators are flashing red, and TSLA is the canary in the coalmine. We all know that TSLA was worth every penny at the ATH, but skeptics may be offloading their TSLA shares in anticipation of a deeper recession.
Thoughts?
He waded right into the center of partisan politics. Elon was always political, but it was issues based. Now it is party based and that isnt good for the brand. People are worried about long term ramifications of brand destruction. It was easy to defend Elon and the issues he talked about in the past. Climate Change is real, Tesla treats employees well so unions not needed, Big Oil and traditional auto spread FUD, media downplays Tesla because of advertisers, etc. etc. Now it is just red is good for election to throw sand in the gears and it doesnt matter if democracy is taken away, women lose rights, wall between church and state is torn down. Some Elon defenders who defend everything he does blow past this, but it is a risk.He's definitely cranked it up a notch, or ten. A lot more people have lost trust in the CEO, you can argue if that's warranted or not but it's a simple fact. That's a huge overhang on the stock and it's probably not going away.
He's definitely cranked it up a notch, or ten. A lot more people have lost trust in the CEO, you can argue if that's warranted or not but it's a simple fact. That's a huge overhang on the stock and it's probably not going away.
Seems like we are going down 5% everyday. Twitter, recall, growth, China, whatever
Seems like capitulation is within reach
Exactly. Every negative or contentious point is twisted and amplified. It seems like quite a few longstanding members here have also been FUD-punched and it's sad to see.I don't think Elon's being any more vocal than normally. But I have noticed that a lot of media outlets are amplifying his every move in an attempt to generate clicks and outrage.
More sellers than buyers, democrats selling ,republicans selling. You got to be in a our gang none of this thinking for yourself stuff.He's definitely cranked it up a notch, or ten. A lot more people have lost trust in the CEO, you can argue if that's warranted or not but it's a simple fact. That's a huge overhang on the stock and it's probably not going away.
You think they don't leverage perceived weakness?And I could understand retail investors losing trust in him, but do you think the entities with enough capital to move the SP around really care about what he Tweets, when the company continues to perform?
FTFYHe's definitely cranked it up a notch, or ten. IN MY OPINION a lot more people have lost trust in the CEO, you can argue if that's warranted or not but it's a simple fact. That's a huge overhang on the stock and it's probably not going away.
So everyone is clear on this, only Tesla can update EPAS with an OTA. Not to mention every ECU in the vehicle.