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Interesting when we are hearing from the Musk luvvies that things are going gangbusters at Tesla.
TSLA is eating it because, aside from beta to US growth stocks in general, people aren't buying the cars, leading to all time high inventories.
I've always said it's dumb that the media quote oligarch net worth by multiplying their share count by the current price. It's as dumb today to say he lost money as it was last year to say he was the richest man in the world.
The only difference in this case is that he stupidly margin'd his Twitter acquisition using Tesla shares.
The insinuation that Musk net worth going down because he's not toeing some imaginary line is absurdly stupid.
TSLA is eating it because, aside from beta to US growth stocks in general, people aren't buying the cars, leading to all time high inventories.
Nothing special. Just like all the other growth stocks that were priced for perfection and coming off that as the fundamentals play out less than perfect.
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Anyone paying attention to the crazy **** he's been doing.
Interesting when we are hearing from the Musk luvvies that things are going gangbusters at Tesla.
How much inventory is there (number of unsold vehicles)?
How much inventory is there (number of unsold vehicles)?
Here's an image from their annual report I got from googling "tesla unsold vehicles"
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(h/t this random SeekingAlpha article https://seekingalpha.com/article/45...ry-miss-granular-breakdown-advanced-valuation which is a bullish one, in case anyone accuses me of finding some permabear analysis).
I doubt Musk would ever be able to exit out of his holding in Tesla at anywhere near the top, so it’s all paper gains to him.Yes it's a paper loss, but the value of assets at any particular time is what you can get for them at that time.
I doubt Musk would ever be able to exit out of his holding in Tesla at anywhere near the top, so it’s all paper gains to him.
A conflict of opinions, as is normal, buying twitter has polarised the plebs. LolInteresting when we are hearing from the Musk luvvies that things are going gangbusters at Tesla.
Yeah, but could he have sold his whole block, without losing the $200 Billion of his net worth?I think he's done an admirable job of foisting $40B worth of his shares onto the market at much higher prices than current
Wouldn't it nice to be able to throw phrases around like $200 billion. Monopoly Money of course.Yeah, but could he have sold his whole block, without losing the $200 Billion of his net worth?
I don’t think think so, so technically he never had the $200 Billion, so how can he lose what he never had.
And if he still owns the shares, has he really lost anything?
Picture you have an identical farm to yours on your left side, and another identical farm on your right.Wouldn't it nice to be able to throw phrases around like $200 billion. Monopoly Money of course.
If he hasn't sold, then he hasn't lost, perhaps a loss on paper, but still worth what it was before after and later.
Yeah, but could he have sold his whole block, without losing the $200 Billion of his net worth?
I don’t think think so, so technically he never had the $200 Billion, so how can he lose what he never had.
And if he still owns the shares, has he really lost anything?
I agree with what you're saying in general (see my above about oligarch networth) but in this case I believe yes, if he had wanted to, he could easily have sold the whole lot. It's a S&P500 stock near the top of the board with a crazy following trading short term options etc. Easily.
If the market found out Elon is Bailing out, would they really have let him dump his stock at the peak and not lower the price? I don’t think so.I agree with what you're saying in general (see my above about oligarch networth) but in this case I believe yes, if he had wanted to, he could easily have sold the whole lot. It's a S&P500 stock near the top of the board with a crazy following trading short term options etc. Easily.
With last out turn off the lights because we won't be able to afford the power billIf the market found out Elon is Bailing out, would they really have let him dump his stock at the peak and not lower the price? I don’t think so.
I mean the stock has dropped from its peak without him selling that many shares, imagine if the market found out he was selling everything, it would be a race to the door.
Umm no because that was pretty poorly researched.Interesting when we are hearing from the Musk luvvies that things are going gangbusters at Tesla.
Musk sued by Tesla shareholders over tweet that drove down TSLA share price.
Interesting how this will resolve. Musk could be up for billions if he loses.
How will that "resolve" the SP?
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