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Sure, also Musk’s behavior on Twitter is bringing a lot of negative press, and the fact he liquidated a ton ton of host TSLA stock to finance the operation. Bu
by eecc 4y ago
Sure, also Musk’s behavior on Twitter is bringing a lot of negative press, and the fact he liquidated a ton ton of host TSLA stock to finance the operation.
But indeed markets are not exclusively driven by rational thinking, just look up “head and shoulders” in the context of stock charts. WTF is that? Horoscopes? SMH
- jacquesm 4y agoThey're a lot more rational now than a few months ago. Or are you (still) on the buying side? If so then you have more guts than me. The whole Twitter saga has me worried about Musk's mental health. Either that or he should rename himself 'CLO' (Chief Liability Officer).
- youngtaff 4y agoChief Liability Office Without Nuance?
- hooande 4y agoMarkets aren't rational, but they also aren't stupid. if this is really just a "pre-discount" on the January subsidy, wouldn't that be priced in? It could be less informed retail investors panic selling due to Musk related news, etc. But a panic sale is a panic sale, regardless of the cause. And, why would they need to do this if the subsidy is likely to kick in on January 1st? They're offering this major discount to increase sales in the two week period between now and the new year? From what I can see it isn't even 100% certain that they'll qualify for the $7,500 subsidy. Maybe there's something about corporate accounting or whatever that I'm not understanding here.