StealthP3D
Well-Known Member
Here's the problem with your analysis. Neither you nor I know why he made the tweet that he thought the market value was too high. He's done this before multiple times and it's always turned out fine in the end. Tesla is growing at such a high rate, what is over-valued at one point in time, is under-valued when conditions on the ground change. It could be that Tesla gets the go-ahead to re-open on May 11th and Musk thinks TSLA is undervalued at $700.
We don't know why he made the tweet but I doubt it's because he's "emotionally immature". Sure, it's possible but I wouldn't jump to that conclusion. For all we know, he could have got wind of a plan by market manipulators (who had been accumulating shares) to dump them all at once while simultaneously shorting the hell out of it, synchronized with negative news releases and who knows whatever else in order to crater the price. You know, a normal bear raid. Knowing he didn't have enough proof for the SEC to do jack sugar, he took matters into his own hands and pre-empted them, costing them a lot of money and giving people on the sidelines a chance to get in on the cheap knowing the shares were going down for non-fundamental reasons. That could really throw a wrench into the most carefully laid plans.
My point is not that's what happened - it's that we don't know what happened but there's a reason he tweeted that and I doubt it has anything to do with emotional immaturity.
