Tesla Stock dropped 5% today though expect it to drop further as the late breaking news that delivery of Cybertrucks has been halted due to them falling apart on the road.
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Boycott Tesla's Taxis! Call your city and state law makers and transportation agencies! Tell them you don't want Tesla Taxis. Protest at your transportation agencies, city halls, etc.!
I was not expecting the bounce today. I figured word of the build problems with the Cybertruck would have tanked it. I can only figure that the story is not being put out there so it hasn't had an affect on the stocks yet.
The market in general seems to have bottomed out for a bit. The tell will be if $TSLA continues to drop while the rest muddles along.
Next earnings report will be the thing to see. If Musk doesn't try ultra fraud and obfuscation to hide what's sure to be a dumpster fire, I will be shocked.
No the problem is the design is nonstandard. A rigid exterior is counter to modern design. And they are having problems with much of the design being new and not having as much of a shakeout as standard design.
@Tesla
vs
@Ford
... Cybertruck 7 major recalls. F150 Lightning 3 minor recalls CT has 5 dealers in MA, F150 has over 40
CT has cast aluminum, unsafe to tow. F150 can tow almost anything.
CT is $80K, loaded F150 right now is $64K
I drive a truck-My next truck? F150 and can't happen soon enough
And doubling production of a faulty product (Cybertruck deliveries have been halted due to production flaws) does not double sales. Particularly when the company is being massively protested and rejected around the world. Again you do not understand how things work.
Elon is wealthy only in the perceived value of his companies. He funded the purchase of twitter by selling off shares of Tesla. And he still owes $13 billion on that purchase. And he only has $3-$5 billion in liquid assets. He is underwater. He can't buy back all the Tesla stock. You don't get it.
In order for a publicly traded company to transition to private requires a massive purchase of all outstanding shares in the company. Only then can it transition to private. Elon does not have the money for this. He only has $3-$5 billion in liquid assets.
That would utterly wreck him. His stocks are massively overvalued. Bringing them back in to private would cost an extraordinary amount. And doubling production as demand falls is even more foolish.
Yep. You seem real grounded in reality. Tell me. How does Elon take Tesla private? Do you know how that happens? It requires buying back all the shares in the wild. He cannot afford to do that. He had to sell shares of Tesla to buy Twitter. He can't do that to fund buying Tesla. Think.
Actually in thinking about it we may be seeing a buy the dip rebound. The stock did shed a LOT of value in the past month. This would be around the time jackals would dive in.
I have been comparing his situation as closer to the Theranos track. He has the same problems with more companies. He has overpromised and sold product he doesn't have ready.
Comments
https://www.tesla-fire.com/index-amp
🤣🤣🤣
#WEARETHEFLOOD
RALLY PEOPLE!
THIS WILL IMPACT MUSK'S STOCK HEAVILY!
Next earnings report will be the thing to see. If Musk doesn't try ultra fraud and obfuscation to hide what's sure to be a dumpster fire, I will be shocked.
$17.90
Give it a little time.
vs
@Ford
... Cybertruck 7 major recalls. F150 Lightning 3 minor recalls CT has 5 dealers in MA, F150 has over 40
CT has cast aluminum, unsafe to tow. F150 can tow almost anything.
CT is $80K, loaded F150 right now is $64K
I drive a truck-My next truck? F150 and can't happen soon enough
I say that because I saw on google that is not the case today. Up over yesterday.
Somehow knew you would do the right thing.