They were talking earlier about another goofy Tweet Elon made, I wasn't really listening, but you might want to see what that's about. I see it's down in the pre-market again.
Thanks Van. Yeah its not good.Sort of a veiled threat almost.Face palm as usual. Down 3 or 4 % as you mentioned. Elon Musk says he wants more control over Tesla. ‘Far from ideal,’ says analyst. Last Updated: Jan. 16, 2024 at 7:03 a.m. ETFirst Published: Jan. 16, 2024 at 5:57 a.m. ET B The world’s richest person said he doesn’t have enough control over the company where he’s chief executive and the leading shareholder. Elon Musk said he doesn’t want to grow Tesla’s TSLA, -3.67% artificial intelligence and robotics capability without having control of a quarter of the company. Musk already owns 13% of the automaker. On the social media service X that he owns, Musk said he would need 25% control. “If I have 25%, it means I am influential, but can be overridden if twice as many shareholders vote against me vs for me,” he said. “At 15% or lower, the for/against ratio to override me makes a takeover by dubious interests too easy.” “Unless that is the case, I would prefer to build products outside of Tesla,” said Musk, who according to the Bloomberg Billionaires index has a total net worth of $206 billion, about $25 billion ahead of Jeff Bezos. Musk founded a different company, xAI, which contains his ChatGPT rival Grok.
There's nothing stopping him from buying another 12% right? Just a quick number crunch, that would be about $87B at $216/share. Watch him do something stupid so he can knock the price down, and then buy his extra 12%. I'm still waiting for $174 btw.
Tesla slashes car prices across Europe after similar cuts in China https://www.cnbc.com/2024/01/17/tes...germany-cars-after-similar-cuts-in-china.html Now simple math will tell you if you cut prices by, hmm 5% let's say, and you can cut input costs by 5% (better yet > 5%) then margins hold up. If not margins shrink. Leave it to the reader to decide which has been the case past 6 months, at least.
Lol. I will give you 500,000 USD if you can show me you shorted it. Chiming in with every opinion piece and never taking a position.Pathetic. At the end of last year,I was up 120% in one investment and up 45% in another.Thats before I start mentioning Amazon. Post your investments that out performed me.I'm legitimately interested. Bitter.bitter man.