If they are still working and able to accumulate shares, I’d d welcome low share prices.Well I think everyone will know what type of mood I'm in today . All bullish trading is now gone and TSLA looks like it's about to dive hard if the macro's pull back. Looked like TSLA was finally ready to break out of the very long term downtrend (since November), but nope....right back in the downtrend. Pretty much continues the trend of underperformance overall since May 4th with each cluster of outperformance (2-3 days) quickly reversing.
I gotta say.......I'm so happy I sold off a majority of LEAPS, took the gains I had on them and just bought shares (with using a bit of margin to maximize the number of shares I could get without putting myself at any real risk). I have full faith in Tesla as a company, especially Zach and Drew. Simply can't trust Elon to not torpedo the stock at any time. Never seen a CEO kneecap their own stock time after time after time as I've seen in the past 8 months (since November). I'm not harping on Elon, he's his own person. He has a right to act how it wants........But I'm sure as hell not going to do any actions that requires the stock to be at a certain price by a certain time frame anymore.
Side note - I know a few of the guys over on the UI/Entertainment team at Tesla. One got laid off, though it was expected. There was some redundancy on that team. But I have heard for the first time some aggravation with Elon from them. Mainly that they feel they do good work only to have the CEO do something that tanks the stock.
And I can't really disagree with them. I'd feel the same way. Especially for those that started in mid-to late 2020. I think some of us here who were invested 8+ years ago can look at our total gains and be very happy even if though the stock was 1200 just 3-4 months ago. But for some of them, they're looking at RSU's/equity that hasn't really appreciated at all over the past 2 years.
Not that I'm really concerned about employee discontent at the moment. But I do think we're nearing a point where Elon's antics could be reaching a breaking point with employees. That latest interview being a classic example. It was unnecessary to say that, Elon knows the wall st media would run that quote non stop and sure enough, in every news feed, it plastered on the front page.
It's quite funny to listen to them though "Can Elon just shut up for one damn month???"
I remember an employee ranting in a video a couple years back how she was upset with Elon, etc for knocking down the stock price. Within a handful of months, the SP was at new highs.