Speaking of... MAXR is getting taken private. 120% premium over yesterday's close. There must be a reason for that. Someone wants in the satellite business pretty bad. MAXR does SiriusXM, and Google. A few more. But... that begs the question... what is Starlink worth now? Is this sector heating up? Elon did say... TSLA shareholders will be rewarded soon. Hmmmm.
Unless Musk controls the Board, of course he can be fired. I know I missed out in a lot of upside, but I’ve never been a fan and owned it onky for a brief trade a long time ago. Doesn’t matter if the car is good quality or shit quality. There’s just a lot of competition now. The world is catching up to them. disc: Didn’t read the whole thread.
ELON MUSK WILL NEVER BE FIRED FROM TESLA There is no way Elon Musk will ever be fired from Tesla. That would would crash the stock overnight the day he left. That would be business suicide. He IS the brand. He holds ALL the leverage. I'm sure the board and shareholders pray every night he never quits. I'm not sure what you mean by "save Tesla." The company is the same as it's been for the last decade. It's not going anywhere, and with governments pushing EV subsidies, Tesla is safe for many years to come. Tesla was essentially a "meme" that got major pump action, no more. Overvalued. There's nothing to "save" when a company's overvalued, traders overpaid, it simply corrects. All your seeing now is the stock coming back into a more realistic valuation, since the share price was 74x it's earnings last year. 5x-6x is normal, 74x times? A big correction was inevitable, nothing to do with Musk or Twitter. Tesla no longer is the "EV trailblazer," other manufacturers are now catching up, as with any business. Multiple companies now eating into market share, the "pump bubble" had to correct. Musk's world and political views have been known for years. This is simply market forces at work, like every other stock. It was heavily pumped, now it's correcting. Ford is $12-$14/share, stable as a rock, it's valuation is realistic. Tesla will find it's natural, stable valuation, where it will become a more institutional stock with time, after the "meme thrill" is gone. **If the cost basis of your position is too high, short your own shares to lower it. Sell them all every time Tesla and the Dow hit a big top, then buy them back on every big drop. Do that 3-4 times a year and your cost basis will come back in line. Happy Trades!
It's absolutely dropped on reputational-damage. Look at the price-action on the 13th (CPI). It actually traded higher on Thursday. It's decoupled to the mkt and is trading on his moods due to "key man" and his obvious mental illness. Shares would be up 40% in a week if he hired a competent CEO in the space.
this right here is one reason I’d want no part of owning the stock. Nothing to do with political views, or his social construct. Everything to do with not wanting to own stock in any company that is so dependent on one man, with zero succession plan in place just in case.
That's exactly the issue. All the hype/pump is based around the "mad scientist," the genius behind it all. You're correct, if he left or fell ill, major dive on the stock. If either happened, probably a great chance to trade the bounce on that. The risk is not spread, putting all on one man is very high risk. It's also so over-valued, the % gains flipping it just aren't there. Spot on, well done and said. Very smart comment.
Elonitis : A condition resulting in the extreme thinning of the skin. This severe condition renders the subject unable to cope with criticism or ridicule of any nature. Side effects include: pettiness, decreased wit, hypocrisy, biases, pasty skin, and the need to act out bad puns in real life. The condition can be triggered by the sudden loss of wealth, the realization that people only like you for your money, and terrible business decisions. Consult a mental health physician and self-isolate from online activities immediately.
Not sure the richest man on the planet ever feels any loss of wealth, or cares. "Terrible business decisions?" What's his outcome? He's #1 on the planet. As for criticism, he doesn't back down and handles snarky critics with ease, illustrating high intelligence. He doesn't need to care what people think. He just plays with minds on social media, he's speaks the truth, something the "PC" can't do. He's entertaining and supports freedom for all, two thumbs up. Breathe. Release your envy.
This is the risk for shorts, imo. As to whether he'll be fired, I think it more likely he dies of his obvious fatty liver disease first.