Markets in early December: Wow, Musk is going to have his way with Trump! 🥂 Markets, now: Oh shit. - ThreadSky

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garymarcus.bsky.social • 15 days ago

Markets in early December: Wow,
Musk is going to have his way with Trump! 🥂

Markets, now: Oh shit.

Comments

moisesjafet.com•14 days ago

Normally when you are departing a position you are supposed to do it in several operations over time, and given many funds have indicated publicly leaving their TSLA positions IMHO thats not yet the floor for recent offloadings. Take a look at the candlesticks: https://www.investing.com/equities/tesla-motors-candlestick

cocjeanie.bsky.social•14 days ago

I think it could get a bounce around the current area maybe down to $270 which is at the bottom of the current trend channel. Doesn't mean it can't go down more, but I would not be surprised if it got even a dead cat bounce in this area.

moisesjafet.com•14 days ago

Very likely! His friends and other actors have enough cash to buy dips until the "end of time". But many think that some reality checks are past due for that stock according to Investing First Principles printed on textbooks.

cocjeanie.bsky.social•14 days ago

I know I won't be broken up about it. 😂

jebnc.bsky.social•15 days ago

If valued at GM metrics (which is actually growing EV sales) $TSLA would be $14 a share https://bsky.app/profile/garymarcus.bsky.social/post/3lj66tnt4u22g

shituationist.bsky.social•14 days ago

Tsla having a PE ratio of 140 even after losing 20-25% of its value is craaaazy. Long way to fall.

shituationist.bsky.social•14 days ago

After Trump and Musk split the retaliation against EV credits and subsidies is gonna be huge. My uneducated guess is that's when Tesla stock finally reflects fundamentals rather than investor naivety.

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