Elon Musk

Anyone still wanting to get in on the bargain price of $190 for Tesla (down from $220 two weeks ago, $400 six months ago…

 
Anyone still wanting to get in on the bargain price of $190 for Tesla (down from $220 two weeks ago, $400 six months ago…



I posted this last Monday.

Tesla was a stock attractive to both tech funds and eco funds. These are the two big growth areas of the last 10 years. That is possibly why the stock went from $2 to $25 a share in the 10 years up to Dec 2019. It did this without ever making a profit - a solid performance.

Then it starts getting attention of online / social media commentators who loved banging on about how much money they are making - mostly with crypto. These people are professional hypers who are basically running a pump and dump game. These types and Musk's bizarre behaviour and Tesla making some modest profit were a potent mix. The stock went from $25 in dec 2019 to over $400 within a year.

Lots of tech companies get overvalued but Tesla was massively overvalued. Its starting to correct now as the tech/crypto bubble has burst. The stock is $207 today - I think sub $100 could be possible within the next 12 months.
Given what has happened in the last 5 days I think sub €50 maybe.
 
Musk getting owned on Twitter by his own fact checkers will never not be pleasing.



The comment underneath sums this up perfectly. Musk 100% went on Wikipedia, saw insulin analog was invented in 1921 and though he was going to own Sanders for saying 1923…despite the fact Sanders said the patent was sold in 1923 - which it was.


He thinks he can spend a few minutes googling something and be an authority on it, just like he convinced himself running twitter was going to be the easiest thing in the world.

 
Twitter may have peaked.


Twitter has absolutely peaked. I'm not an expert, but a while back it was worth $400 a share and right now I wouldn't pay more than $26 a share for it as I can't foresee a scenario where it's worth any more than that in the next ten years as the dividends are non existent.
 
Twitter has absolutely peaked. I'm not an expert, but a while back it was worth $400 a share and right now I wouldn't pay more than $26 a share for it as I can't foresee a scenario where it's worth any more than that in the next ten years as the dividends are non existent.
Twitter’s never been over $80.
Are you mixing it up with Tesla?
 
He thinks he can spend a few minutes googling something and be an authority on it.

“It's like rain on your wedding day
It's a free ride when you've already paid
It's the good advice that you just didn't take
And who would've thought...it figures”
 

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