95% of the general public does not know more than two or three things about Tesla. The three things they know are that they lose money (false), the competition is coming (false) and that you will be stranded on a long drive due to no chargers available (false).
The same applies to 75% of the investing public. Many of them were buying TSLA because it was going up. Now they are selling it as it goes down. Why? See above as to what they know about Tesla.
Of the 25% of the investing public that has a clue and has embraced Tesla and the 'mission' to varying degrees, a significant percentage of them have decided they are 'angry' by EM's 'antics' and have suddenly good reason to sell, because they are mostly regular investors, and that's what regular investors do, they sell at lows.
Combine this with an awful FED inspired bear market, TSLA specific FUD at all time highs, China economy in the dumps and some spectacularly aggressive bear raids and here we are. Oh, lest I forget to mention, there was some timely selling by EM that contributed to the SP fall on at least some level, especially considering the timing of the last one. Would that he could have spared us that at least! I know he would have preferred not to sell, but he is not the type to dwell too much on this sort of thing, especially when he knows that Tesla have never been more bulletproof as a company and its current and future dominance has never been more assured, current demand hiccups, real or imagined, aside.
21 billion in the bank and the proceeds and profits of the current record quarter, even slightly muted as they may be, will certainly allow Tesla to navigate the next year without issue. In the meantime, I believe they will continue to expand production, sell more cars AND, in case anyone missed it, execute on a HUGE RAMP in Megapacks and battery storage overall.
I am sorry for all the pain on this board. I have witnessed good people with unimaginable returns severely hurt or wiped out completely due to use of margin and derivatives. I have been hurt badly as well, although I seem to have taken on less risk overall and was willing to take hits to deleverage about 50 points ago. My margin account is still here due to this, but I cannot make it past 80 as I currently stand. Is that a possibility?
4Q 2022 is a huge determinant. If it is as great as it appears, I cannot see TSLA going below 100. That is an incredibly pessimistic take, BTW. But pessimism rules now, and is discounted at your peril.
I came here for electric cars, and I have been rewarded gloriously. I can see a world coming now where every car is a BEV with few exceptions. I may live to see the complete revolution. I have a good shot at another 20 years, so the statistics tell me. Whatever happens from here, I am victorious! I hope you all are as well, in the better than ever hopes for the reality of an electric and renewable future.
All the best! Health and Happiness in the Holiday season and for the New Year!