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Panic selling .... we have a stock that is up over 40% in the short term and many "investors" are simply cashing out before he sells .... that is a much better explanation. I'd bet Musk has sold very little, if any. Don't underestimate WS, they can sell off a stock at the slightest hint of any issues ... especially one that is clearly a momentum play.I mean, since you're asking, yes - I thought he sold and that was the reason for the drop in share price. Do you have other theories that might be more substantial than a theory that actually has evidence (Musk's tweet exchange)?
Lucid now has a higher market cap than BMW, Honda, Hyundai, Stellantis...they've sold, what, like 5 cars?
Panic selling .... we have a stock that is up over 40% in the short term and many "investors" are simply cashing out before he sells .... that is a much better explanation. I'd bet Musk has sold very little, if any. Don't underestimate WS, they can sell off a stock at the slightest hint of any issues ... especially one that is clearly a momentum play.
I'm long, and have been for a while with enormous gains .... I also believe in the company and am very comfortable losing over 1Milliion in a day ... like yesterday but you would have to be foolish to think that this thing trades on fundamentals. It does not. It's momentum and belief in what the future holds ....
Cheers to the longs.
Just to add: I would LOVE to be wrong and find out that Musk did indeed sell his 10% and the stock withstood it with little problem. IF that's the case ...I'd be we see $1500 very shortly. I guess we will find out soon enough.
Panic selling .... we have a stock that is up over 40% in the short term and many "investors" are simply cashing out before he sells .... that is a much better explanation. I'd bet Musk has sold very little, if any. Don't underestimate WS, they can sell off a stock at the slightest hint of any issues ... especially one that is clearly a momentum play.
I'm long, and have been for a while with enormous gains .... I also believe in the company and am very comfortable losing over 1Milliion in a day ... like yesterday but you would have to be foolish to think that this thing trades on fundamentals. It does not. It's momentum and belief in what the future holds ....
Cheers to the longs.
Just to add: I would LOVE to be wrong and find out that Musk did indeed sell his 10% and the stock withstood it with little problem. IF that's the case ...I'd be we see $1500 very shortly. I guess we will find out soon enough.
Agreed. I sure hope Elon's financial people have talked about ways to sell the stock in small enough batches as to not affect the SP as it would even be in his best interest. Unloading that much stock at once does not make for the smartest way to maximize your profits.i agree -- no way to know for sure, but i suspect this is all frontrunning shenanigans. However, i also expect the frontrunning to have ten times the impact of Elon's actual sale.
come on ... your not new here ... you are wrong and you will see $1500 ....Panic selling .... we have a stock that is up over 40% in the short term and many "investors" are simply cashing out before he sells .... that is a much better explanation. I'd bet Musk has sold very little, if any. Don't underestimate WS, they can sell off a stock at the slightest hint of any issues ... especially one that is clearly a momentum play.
I'm long, and have been for a while with enormous gains .... I also believe in the company and am very comfortable losing over 1Milliion in a day ... like yesterday but you would have to be foolish to think that this thing trades on fundamentals. It does not. It's momentum and belief in what the future holds ....
Cheers to the longs.
Just to add: I would LOVE to be wrong and find out that Musk did indeed sell his 10% and the stock withstood it with little problem. IF that's the case ...I'd be we see $1500 very shortly. I guess we will find out soon enough.
If they bought in IPO pricing, that $100B will probably turn into at least $160B when RIVN opens for trading in a bit, as it's expected to open at $125+So ... was yesterday's dip in TSLA really about Elon's sale or was it from big institutions getting cash to buy that $100B or whatever of Rivian stock going public today?
Forward Observing
I’ve never seen this blog as negative, “Danny Downers,” as last weekend.
Those of you that sucked up can take a second breath.
Run Forrest, Runnnnnnnnnn
This is nonsense. I bet Ford thought about it but at this point any such plan is kaput. Rivian has raised like $22B at this point. It'll take them a decade to burn that even if they crash out. And their valuation is far to large for any traditional automaker to swallow given how little purchasing power traditional automaker stock has. The only automaker who could feasibly swallow Rivian is ... Tesla.I can see one timeline where Rivian gets bought out by one of the other manufacturers
I am totally unable to comprehend how would driving cars in a tunnel be any better than having a light rail transport? Is there a thread in TMC that explains it?Tons of info, if it hasn't been posted yet, on the Las Vegas loop:
Vegas Doubles Down on Tesla Transit
Also: San Diego starts down the path toward totally free transit, and more in this week’s Mobile City.nextcity.org
- 50 year franchise agreement with City of Las Vegas
- plans to have five to 10 stations open within six months of the start of construction
- then add 15 to 20 stations a year until the line is complete
- when complete, the tubes could carry 57,000 passengers per hour
Welp, there goes 1018 support. Guess we will have rip off the bandaid, fill the breakout gap and bounce from there.