Elon Musk’s Twitter obsession isn’t the core reason for Tesla stock’s plunge .......... "Part of the problem with Tesla’s stock price is that critics question whether it was ever worth the trillion-dollar valuation it had at the start of the year. At its peak, Tesla was worth more than the 12 largest automakers on the planet combined, despite having a fraction of the sales of any of them. Today it is worth $399 billion." .......... https://www.cnn.com/2022/12/23/investing/elon-musk-tesla-twitter/index.html
yeah. I’m wondering the same thing as well. My concern in my position is that the stock’s value will be compared to auto makers and not to some distruptive new non-comparable technology (which Tesla can be seen in both ways). I’m long via calls because either it will be 250 or 10.
Unfortunately the reality of Tesla's "disruptive" technology is proving to not be so easy. I'm seeing a lot of YouTube videos complaining about the increasing delays of FSD. Right now the "last mile" to go fully auto, I think is much further away than initially promised. The other stuff like solar is stumbling as well as I believe TSLA has almost given up on those home solar panel installations citing the cost and complexity. So there is some premium to the promising emerging technology but not quite as high as the fanboys would have you believe. A better bet if you are playing next earnings is a strangle option.
Wish I'd shorted it when I nailed the top call over 800/ share last year... https://www.elitetrader.com/et/threads/tsla-is-toast-epic-selloff.354650/
I know the title sounds and reads as hyperbole, but Tesla is a broken stock. And its stock is now broken to the point that it indicates it is a broken company. It is Enron. It is Worldcom. The fraud has just not yet been laid bare in the financial press. But some big players are either on to it, or strongly suspect it. Musk is a modern-day Jeffrey Skilling, a Ken Lay, a Bernie Evers. I don't know if Musk ever goes to prison, but it usually doesn't end well for these types, the conmen and carnival barkers of capitalism. We will be reading stories of retail traders who lost it all because "Tesla was the future, it wasn't just a car company, it was an energy company." Enron and Worldcom were viewed as similarly disruptive in their respective industries. Tesla is going to $5/share.
I don't believe TSLA is going to $5 or that Musk is Ken Lay or Bernie Ebbers (not Evers) but I do believe Tesla is broken currently and Elon is just a waaaay distracter stoner CEO. Pulling a number out of my azz I'd say $50 or so seems more likely a bottom to be attained. But who really knows. Only Mr Market and he ain't sayin' yet.
First, I'm pretty sure the market is a woman. Second, I do believe she's saying exactly what she thinks. You just have to listen.