Tesla stock has plummeted since Elon Musk took over Twitter. Here's why.

[BritManToo]

11 minutes ago, dotcalm said:

When you are Number 1, the leader at the top EVERY jealous and vindictive puzzle goes after you. The left hates Musk now that he exposed their lying and deceit on twitter. But with respect to this laughable civil suit, you should review and understand the facts before passing judgement.

I'd assume anything containing the numbers '420' was a joke/cannabis reference.

[ozimoron]

TSLA is up 59% since the low. May be a lot of FOMO involved.

[dotcalm]

6 minutes ago, Bkk Brian said:

If he loses this case it could run into billions for him

Mere chump change for a person of Musk's immense wealth resources.

But Musk will likely prevail due to his midas touch and being on the right side of his professionalism and acuity.

[Bkk Brian]

4 minutes ago, dotcalm said:

Mere chump change for a person of Musk's immense wealth resources.

But Musk will likely prevail due to his midas touch and being on the right side of his professionalism and acuity.

Yea he'll have to sell plenty more TESLA shares.........................

Edited January 27, 2023 by Bkk Brian

[dotcalm]

3 minutes ago, Bkk Brian said:

Yea he'll have to sell plenty more TESLA shares.........................

Or hurry up and open new Tesla production facilities planned for NV and TX to meet high demand for Musk's Tesla EV's.

 

Number 1 selling car in Norway now and perhaps others too and more to follow.

[Bkk Brian]

3 minutes ago, dotcalm said:

Or hurry up and open new Tesla production facilities planned for NV and TX to meet high demand for Musk's Tesla EV's.

 

Number 1 selling car in Norway now and perhaps others too and more to follow.

The demand is so high they even had to slash prices. 

Tesla Slashes Prices Up To 20 Percent, Sending Shockwaves Through EV Industry

https://www.forbes.com/sites/qai/2023/01/26/tesla-slashes-prices-up-to-20-percent-sending-shockwaves-through-ev-industry/?sh=567359363a28

 

Still they are keeping their costs low buying up aluminium from Russia 

 

Tesla has been buying aluminum from a Russian company since 2020

https://www.cnbc.com/video/2022/03/14/tesla-has-been-buying-aluminum-from-a-russian-company-since-2020.html

[ozimoron]

1 minute ago, Bkk Brian said:

The demand is so high they even had to slash prices. 

Tesla Slashes Prices Up To 20 Percent, Sending Shockwaves Through EV Industry

https://www.forbes.com/sites/qai/2023/01/26/tesla-slashes-prices-up-to-20-percent-sending-shockwaves-through-ev-industry/?sh=567359363a28

 

Still they are keeping their costs low buying up aluminium from Russia 

 

Tesla has been buying aluminum from a Russian company since 2020

https://www.cnbc.com/video/2022/03/14/tesla-has-been-buying-aluminum-from-a-russian-company-since-2020.html

I guess that would be Oleg Deripaska.

[dotcalm]

Tesla posts record net income for fourth quarter of 2022

https://www.yahoo.com/now/tesla-expected-report-record-earnings-172346226.html

 

"DETROIT (AP) — Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker."

 

Sounds like a winner.

[ozimoron]

I wonder if the price cuts last month weren't designed to pump up their stock price ahead of the Q4 earnings report which came out yesterday?

 

There's a big difference between revenue and profit. If this was legitimate we should see a new model announcement very soon.

[Startmeup]

36 minutes ago, dotcalm said:

Or hurry up and open new Tesla production facilities planned for NV and TX to meet high demand for Musk's Tesla EV's.

Nah

"Tesla shelves plan to build second assembly line at Shanghai Gigafactory amid weak demand for premium electric vehicles in China"


https://www.scmp.com/business/china-business/article/3208064/tesla-shelves-plan-build-second-assembly-line-shanghai-gigafactory-amid-weak-demand-premium-electric?utm_term=Autofeed&utm_medium=Social&utm_content=article&utm_source=Twitter#Echobox=1674723786

Edited January 27, 2023 by Startmeup

[Bkk Brian]

39 minutes ago, dotcalm said:

Tesla posts record net income for fourth quarter of 2022

https://www.yahoo.com/now/tesla-expected-report-record-earnings-172346226.html

 

"DETROIT (AP) — Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker."

 

Sounds like a winner.

Amazing what you can do with figures when you cut profit margins.

 

But the closely-watched automotive gross margin fell to 25.9% from 27.9% in the third quarter and 30.6% in the fourth quarter a year ago.

 

Tesla reports record earnings but tighter profit margins

[placeholder]

1 hour ago, dotcalm said:

You have conclusive evidence, proof, etc, confirming otherwise, then please share it.

Nor do you. Just Musk's word.

[placeholder]

59 minutes ago, dotcalm said:

Tesla posts record net income for fourth quarter of 2022

https://www.yahoo.com/now/tesla-expected-report-record-earnings-172346226.html

 

"DETROIT (AP) — Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker."

 

Sounds like a winner.

It's the late trend that's been worrying for Tesla. They wouldn't be slashing rates if demand was as strong as it used to be.

Tesla cuts vehicle prices in bid to boost flagging demand

JANUARY 13, 2023

With its sales slowing and its stock price tumbling, Tesla slashed prices dramatically Friday on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.

The company dropped prices nearly 20% in the United States on some versions of the Model Y SUV, its top seller. That cut will make more versions of the Model Y eligible for a $7,500 electric-vehicle tax credit that will be available through March. 

https://www.cbsnews.com/news/tesla-cuts-vehicle-prices-in-bid-to-boost-flagging-demand/

[ozimoron]

On 1/27/2023 at 3:17 PM, placeholder said:

It's the late trend that's been worrying for Tesla. They wouldn't be slashing rates if demand was as strong as it used to be.

Tesla cuts vehicle prices in bid to boost flagging demand

JANUARY 13, 2023

With its sales slowing and its stock price tumbling, Tesla slashed prices dramatically Friday on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.

The company dropped prices nearly 20% in the United States on some versions of the Model Y SUV, its top seller. That cut will make more versions of the Model Y eligible for a $7,500 electric-vehicle tax credit that will be available through March. 

https://www.cbsnews.com/news/tesla-cuts-vehicle-prices-in-bid-to-boost-flagging-demand/

 

That was the triigger to start the rot. Right now TSLA is crashing while the rest of the tech darlings are at all time highs.