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Elon dumped, you bought (Part Two)
PART ONE - https://www.sharvesh.com/elon-dumped/
Since part one 5 months ago, TSLA is DOWN 55% and Elon has dumped another $14 Billion dollars worth of stock
Tesla stock doesn't represent the Tesla car company or technology behind it. It's a vote of confidence in its leader Elon. Without Elon, this would literally be at $30 per stock or even lower.
So unless Elon leaves the company, Tesla would probably bounce at one point but would that bounce be THAT profitable? Tesla could suddenly announce some good news like "Roadster/Cybertruck/FSD COMING SOON!!!" or something but would it affect the stock?
If I were a betting man, I would guess it stops dumping near $130 soon. Elon prob won't dump anymore since he just did it and already sold more than enough for his part of the Twitter deal and he's already getting enough backlash on Twitter that he said he's stepping down to focus on Tesla to please TSLA investors who are crying for his attention.
Tesla stock dumped with glee
Twitter excuse for the deed
Elon Musk's mystery
I love ChatGPT generated haikus