I am afraid alot of this is people not happy with the twitter purchase. Either for political or believing it is a distraction.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
That's not the math. Ten dollars to control Twitter is better than 10 fewer dollars in Tesla which he will control anyways.
This is most likely not Elon selling. There's some extreme fear in the market, most likely covid related in China. We see mass buying of bonds today and companies like Pfizer is positive. And let's not forgot Shanghai stock exchange had massive selling the pass two days.
bkp_duke
Well-Known Member
It's fear in the market, in general. After what happened with NFLX earlier, FB last quarter, and many others missing earnings and with bad guidance, the big boys are sitting on the sidelines, and retail and other small traders are exiting the market to wait to re-enter after earnings.
That means even with TSLA having great earnings and forecast, many investors would rather sit on the sidelines to see if the market has "hit bottom" before coming back in.
I don't agree with it, I'm buying TSLA as much as possible, but that's my read on it. And even with a 3.5X multiple, it's not that far out of line for TSLA on a drop. TSLA tends to drop more than it's beta on drops, and rise less than it's beta on a pop. There are of course exceptions.
I doubt its Elon selling.
Whatever the case, I just bought 150 more for a nice round 12,000
Tesla future has never looked better
Whatever the case, I just bought 150 more for a nice round 12,000
Tesla future has never looked better
Saving humanity with sustained civilization on mars.
Saving democracy by allowing free speech.
Saving earth from global warming.
These are god like ambitions.
Saving democracy by allowing free speech.
Saving earth from global warming.
These are god like ambitions.
TheTalkingMule
Distributed Energy Enthusiast
Some macro thoughts regarding a rebound from this....
GOOG earnings are literally today. Expectations were already very low. Shares down 2.6% after being up 3% yesterday.
Why would TWTR shares be down today? Are people look g at TSLA and thinking the deal won't go thru? Another great indicator of how illogical this market can be....people are selling out of arbitrage.
GOOG earnings are literally today. Expectations were already very low. Shares down 2.6% after being up 3% yesterday.
Why would TWTR shares be down today? Are people look g at TSLA and thinking the deal won't go thru? Another great indicator of how illogical this market can be....people are selling out of arbitrage.
You might want to adjust that by a couple of dollars. 200 day SMA is 901.07 if it gets there, also very close to triggering the 10% uptick rule.I'm greedy at these prices. Have set up an order for another 20 @ $900. See how it goes. This is fun, although not everyone will agree
StealthP3D
Well-Known Member
It could make sense for Elon to sell some additional shares at current prices to deleverage his purchase of Twitter but I really don't think that's a big part (or necessarily any part) of what is happening now. We will know soon enough as he would have to file with the SEC but this kind of move is easily explained by the overall macro and general investor uncertainty with Tesla/Twitter/markets etc. IMO, this downdraft has been in the making if you follow the recent increase of anti-Tesla and anti-Elon Musk sentiment being published over the last couple of weeks. It's just another attack that will fail to meaningfully slow Tesla down. In fact, these kinds of attacks can help galvanize employees and provide incentives for TSLA to outperform.
Remember, while this reduces what you could sell your TSLA shares for right now, it's irrelevant if you are not selling your TSLA shares right now and share price depreciation over these kinds of uncertainties can reverse quickly once investors feel less uncertainty. It could point to a larger, longer-lasting macro re-pricing but, if that happens, Tesla will become a flight to safety and the kind of stock people want to own because many companies will find growth difficult in trying economic times. In fact, protection against economic uncertainty is precisely why I own so much TSLA.
Watch how this plays out on a medium time scale and you will see what I mean. There were too many TSLA investors that were too leveraged and this re-pricing event will clear them out and create a broader shareholder base going forward.
Drumheller
Active Member
Thanks. I didn't know the timing (end of 2022) and I doubted this drop was enough, but thought the question worth asking to see the explanations others would offer
They don't look the same to me. TSLA is down much more than anything else in my watchlist, except for Arcimoto (FUV) which is down more than TSLA.
Tesla is selling off for some reason, could be investors angry about the Twitter purchase maybe?
StealthP3D
Well-Known Member
Yep, that is my buy point.
The rule is that anytime TSLA goes below the 200 day MA it is a good time to buy stonk.... or sell puts
100% Facts......for me, i am just holding out for the 20:1, 10:1 or whatever split because i like more slices of pizza
Btw the number TSLA would need to go down on that margin loan is about 400-450/share.
The number of 500/share I’ve seen floated around is using incorrect numbers/math
If it get's to a 10% drop I can complain right? Just checking. 
CyberDutchie
Active Member
Elon should tweet that he is not selling TSLA stock to finance the Twitter purchase. Or would that be a violation of SEC ruling?
As usual for me, my timing for closing out my CCs last week was poor.
I was able to do another full shake of the cushions to purchase 23 shares at $907. Very happy about this purchase. But then again, I was very happy about closing out my CCs when the SP dipped below $1,000 last week.
I was able to do another full shake of the cushions to purchase 23 shares at $907. Very happy about this purchase. But then again, I was very happy about closing out my CCs when the SP dipped below $1,000 last week.
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