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$LCID down 70%. Elon: "they are not long for this world" $TSLA down 70%. Elon: "unfavorable market conditions"
by hericium 4y ago
$LCID down 70%. Elon: "they are not long for this world"
$TSLA down 70%. Elon: "unfavorable market conditions"
- vardump 4y agoIt'd make more sense to compare cash flow. Stock price doesn't necessarily say much about companies' survival prospects.
- panick21_ 4y agoLCID barley less any vehicles, and is losing billions, has bad automotive margin. Tesla, is growing, has leading margin, made 3 billion $ last quarter. Totally comparable.
- akmarinov 4y agoI mean Lucid only makes 1 car that’s the equivalent of the Model S. That’s like saying Tesla pre-Model 3 is bad. Wait for Lucid’s Model 3
- panick21_ 4y agoWell, I would recommend you go and actually compare the financials of the companies at the time they produced the same amount of vehicles. Seriously, go and actually do the exercise, your mind will be blown.
- scifibestfi 4y agoElon: "Tesla stock price is too high imo"
- jacquesm 4y agoNot for long at the present rate. Lucky for Elon that he sold a whole bunch last week.
- elkos 4y agoCan he sell all of his stock while being a CEO of Tesla?
- jacquesm 4y agoHe could, but then the board could be replaced and the shareholders could fire the CEO. 90% or so of the voting stock would need to agree on a motion to remove him. That's a very high bar to reach and some activist shareholders have petitioned the board to remove those rules. Musk hasn't had a majority in Tesla for a long time now. Maybe with his latest antics such a majority could be found and then his goose is cooked, at least, as far as Tesla is concerned. Shareholders are probably afraid that the stock would really crater if that were to happen (which, compared to where it is today would open the company up to - ironically - a hostile takeover).