4 ms·

The whole stock market is plunging, is this also a “_direct_ result of his actions”?

by jamesredd 4y ago

fxtentacle 4y ago
Some people seem to think that Elon == "The Market". I wouldn't be surprised if you'd get a "Yes!" as the answer.
- FabHK 4y ago
  Some other people seem to think that the market is crashing because crypto. What happened to good old fundamentals... earnings and rates? Sigh.
  - eimrine 4y ago
    AFAIK crypto is following the regular markets. As a crypto fanboy I do not see a problem on the crypto territory.
    - can16358p 4y ago
      Other than Luna perhaps, which shook the trust in stablecoins. If crypto market didn't go down significantly, Luna would have still been probably up and stable. But one might also argue that what happened to Luna now might have prevented a catastrophe MUCH bigger in the future though.
str3wer 4y ago
tesla stocks are crashing way more than all the other stocks tho
- shytey 4y ago
  This isn't true
  - cowsandmilk 4y ago
    S&P 500 down 18% from 52 Week High Vanguard total stock market down 20% from 52 week high Tesla down 40% from 52 week high Sure seems true that it has crashed more than the stock market in general. And guess what, on news that he might pull out of the twitter deal, TSLA up 6% in pre-market trading at the moment...
    - dubcanada 4y ago
      Yes that's correct, on average TSLA is down more then SPX. But you cannot compare a index to a single stock. Since you'll have stocks that are also up. Compared to the other leaders weight wise in the SP500 (AAPL, MSFT, GOOGL, AMZN, etc) TSLA is down about the same.
      - smrtinsert 4y ago
        No, looks more like 20-25% for the others vs 40% for tesla.
- hef19898 4y ago
  Crazy theory: Tesla stock is crashing, Musk used hos Tesla stock in his financing of the Twotter acquisition (security against loans and what not) and cannot secure the funding now. Having a 1 billion "fine" to pay if the deal falls through, he is now looking for an easy way out, hence trying to find something "material" in Twitters numbers.
- dubcanada 4y ago
  That is completely incorrect. TSLA is holding up quite well. Take a look at SHOP for example. Nov last year it was $1700 now it's $350. TSLA was $1200 and now it's $750. It's holding up really well compared to some others.
throwmeariver1 4y ago

The whole stock market is plunging, is this also a “_direct_ result of his actions”?

fxtentacle 4y ago

Some people seem to think that Elon == "The Market". I wouldn't be surprised if you'd get a "Yes!" as the answer.

FabHK 4y ago
Some other people seem to think that the market is crashing because crypto. What happened to good old fundamentals... earnings and rates? Sigh.
- eimrine 4y ago
  AFAIK crypto is following the regular markets. As a crypto fanboy I do not see a problem on the crypto territory.
  - can16358p 4y ago
    Other than Luna perhaps, which shook the trust in stablecoins. If crypto market didn't go down significantly, Luna would have still been probably up and stable. But one might also argue that what happened to Luna now might have prevented a catastrophe MUCH bigger in the future though.

str3wer 4y ago

tesla stocks are crashing way more than all the other stocks tho

shytey 4y ago
This isn't true
- cowsandmilk 4y ago
  S&P 500 down 18% from 52 Week High Vanguard total stock market down 20% from 52 week high Tesla down 40% from 52 week high Sure seems true that it has crashed more than the stock market in general. And guess what, on news that he might pull out of the twitter deal, TSLA up 6% in pre-market trading at the moment...
  - dubcanada 4y ago
    Yes that's correct, on average TSLA is down more then SPX. But you cannot compare a index to a single stock. Since you'll have stocks that are also up. Compared to the other leaders weight wise in the SP500 (AAPL, MSFT, GOOGL, AMZN, etc) TSLA is down about the same.
    - smrtinsert 4y ago
      No, looks more like 20-25% for the others vs 40% for tesla.
hef19898 4y ago
Crazy theory: Tesla stock is crashing, Musk used hos Tesla stock in his financing of the Twotter acquisition (security against loans and what not) and cannot secure the funding now. Having a 1 billion "fine" to pay if the deal falls through, he is now looking for an easy way out, hence trying to find something "material" in Twitters numbers.
dubcanada 4y ago
That is completely incorrect. TSLA is holding up quite well. Take a look at SHOP for example. Nov last year it was $1700 now it's $350. TSLA was $1200 and now it's $750. It's holding up really well compared to some others.

throwmeariver1 4y ago