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Also increased volume including some very large movements. There is an interesting rumour that Musk maybe looking to take the company private courtesy of the S

Also increased volume including some very large movements. There is an interesting rumour that Musk maybe looking to take the company private courtesy of the Saudi sovereign fund. And that there is an effort to artificially depress the stock price to meet a purchase target. They do own 61% of Lucid so there is precedent.

stcredzero 4y ago
Or, it could just be that everyone's afraid of macro, plus algorithmic trading, plus the finance media likes a good clickbait-y Elon narrative. The lack of intellectual integrity in the news media in the 2020's, across the board, not just in finance, is pretty shocking.
- threeseed 4y ago
  Tesla is underperforming the market so macro issues aren't that relevant. And given they famously don't do marketing they have relied entirely on the click bait loving finance media. Can't complain now when it turns against them.
  - stcredzero 4y ago
    Tesla is underperforming the market so macro issues aren't that relevant. If you look back at the actual history and the actual numbers, when Tesla is punished due to macro, it's always out of proportion to what the actual business is doing. Those who have been actually following the stock know this well. And given they famously don't do marketing they have relied entirely on the click bait loving finance media. Can't complain now when it turns against them. Here's the thing: The finance media is generally pushing a Tesla narrative based on fear, which would be contradicted by the facts, which they never present. So there's plenty of room to complain about the accuracy and truthfulness of the media.
    - Apocryphon 4y ago
      > The finance media is generally pushing a Tesla narrative based on fear Tesla stock has been crazy high until recently relative to other automakers. Who is to say that this narrative is truly fear, or simply the absence of a previous hype narrative that inflated the value of the stock? Did anyone truly believe that $TSLA was worth more than the rest of the industry put together?
    - JumpCrisscross 4y ago
      > when Tesla is punished due to macro, it's always out of proportion to what the actual business is doing This is called beta [1]. Tesla’s beta is 1.9 [2]. Tesla has been falling more than 2x the market. There are obvious, firm-specific and novel risks that have emerged in the last year that are being priced in. [1] https://corporatefinanceinstitute.com/resources/valuation/what-is-beta-guide/ https://corporatefinanceinstitute.com/resources/valuation/wh... [2] https://finance.yahoo.com/quote/TSLA/ https://finance.yahoo.com/quote/TSLA/
bagels 4y ago
It's a radical way to squeeze a ton of money out of investors. Sell at the peak, drive down the price with antics, buy it all back with a tender offer at discount.
- selectodude 4y ago
  The lawsuits would drive him to personal bankruptcy.
  - brookst 4y ago
    The resulting unfounded accusations of pedophilia and whatnot against all parties to those lawsuits would be endlessly entertaining, and of course the resulting defamation lawsuits.

stcredzero 4y ago

Or, it could just be that everyone's afraid of macro, plus algorithmic trading, plus the finance media likes a good clickbait-y Elon narrative. The lack of intellectual integrity in the news media in the 2020's, across the board, not just in finance, is pretty shocking.

threeseed 4y ago
Tesla is underperforming the market so macro issues aren't that relevant. And given they famously don't do marketing they have relied entirely on the click bait loving finance media. Can't complain now when it turns against them.
- stcredzero 4y ago
  Tesla is underperforming the market so macro issues aren't that relevant. If you look back at the actual history and the actual numbers, when Tesla is punished due to macro, it's always out of proportion to what the actual business is doing. Those who have been actually following the stock know this well. And given they famously don't do marketing they have relied entirely on the click bait loving finance media. Can't complain now when it turns against them. Here's the thing: The finance media is generally pushing a Tesla narrative based on fear, which would be contradicted by the facts, which they never present. So there's plenty of room to complain about the accuracy and truthfulness of the media.
  - Apocryphon 4y ago
    > The finance media is generally pushing a Tesla narrative based on fear Tesla stock has been crazy high until recently relative to other automakers. Who is to say that this narrative is truly fear, or simply the absence of a previous hype narrative that inflated the value of the stock? Did anyone truly believe that $TSLA was worth more than the rest of the industry put together?
  - JumpCrisscross 4y ago
    > when Tesla is punished due to macro, it's always out of proportion to what the actual business is doing This is called beta [1]. Tesla’s beta is 1.9 [2]. Tesla has been falling more than 2x the market. There are obvious, firm-specific and novel risks that have emerged in the last year that are being priced in. [1] https://corporatefinanceinstitute.com/resources/valuation/what-is-beta-guide/ https://corporatefinanceinstitute.com/resources/valuation/wh... [2] https://finance.yahoo.com/quote/TSLA/ https://finance.yahoo.com/quote/TSLA/

bagels 4y ago

It's a radical way to squeeze a ton of money out of investors. Sell at the peak, drive down the price with antics, buy it all back with a tender offer at discount.

selectodude 4y ago
The lawsuits would drive him to personal bankruptcy.
- brookst 4y ago
  The resulting unfounded accusations of pedophilia and whatnot against all parties to those lawsuits would be endlessly entertaining, and of course the resulting defamation lawsuits.