long term I see value in F and RIVN. But of course my long term may not be yours. I'd much rather have either/both than Tesla going forward unless there is a leadership change at TSLA.
You're probably right... I'm not dumping it or any of my EV stocks at this point because they're all down.
.Dude, the guy owns it. Every paperclip. He can drive it into a ditch or sell it for parts. He essentially built a car company and a rocket to the moon or Mars from his efforts. I ain't no die hard fan, sure I have a flamethrower in my office (boring company), but shit. He can do whatever he wants and is pretty damn capable. I still smile when I drive our model 3.If you still cling to the notion Musk being a genius businessman, I'd recommend reading the series of Matt Levine's Money Stuff column through the duration of the Twitter affair. Heck, read all the Money Stuff, it's a great column.
I for one am glad he's showing his ass to the world as it's really cut down on the fanboyism; even reddit's (largely) given up on the guy.
Almost certainly not the only or even major driver of TSLA dips, but for a guy who's gone out of his way to associate his own personal brand with the success of his investments, tainting that brand can't be good for investor confidence. People are probably seeing the round-the-clock frenzied tweets & increasingly deranged antics, and starting to wonder who's manning the ship at the other companies he's CEO of. Not Elon, now... was he ever? An interesting line of thought for investors.
And the companies that are all-in on pride flags & inclusion as revenue drivers will be taking a long look at future investments in Musky things.
All that said, as others have pointed out, TSLA has been hugely overvalued for a long time. I think it's just a part of a broader market correction
This is going to devolve into another back and forth I suspect, which I don't want. So I'll say what I think are facts, throw in a bit of editorializing, and try not follow up much. But a bunch of banks are trying to get better than 60c on the dollar for the debt for Twitter, and Musk floundered to get people to perform on their commitments. The purchase did not go well for him, all in all. For sure, he can do what he wants, to some extent. I might be able to burn my own house down, but at some point my neighbors and insurance company would probably get interested in the event.
This is something that's overlooked a lot. Your choices for where you go to work if you're passionate about rockets, batteries, and especially EVs was pretty limited 10 years ago.
There are tons of people who will have you believe that PayPal, Tesla, Boring company,and SpaceX would all have happened without Elon. It’s awfully coincidental that all these companies took off with him at the helm yet he’s an idiot or a non factor.
I agree with EVs and batteries somewhat. But there have been aerospace companies for over 100 years. Just because a couple of billionaires decided to get into the space industry doesn’t mean there wasn’t already a bunch of companies already doing it.
Well I still disagree. Rockets aren’t new. Space X was just able to get the launch costs lower. It’s not like they have some awesome new rocket technology. It’s the same technology we have been using since the 50s.
We’ve been landing boosters vertically to reuse them since the 50’s? Really?
Their control systems aren't 50s tech. How many other companies have demonstrated reusable tech? You're looking at it from way too high of a level.
Who are the people that were in line to buy a Tesla that are getting out of line because Elon purchased Twitter?
