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In order to know whether it is firm-specific, we'll also need to look at other firms. SQ and PYPL also dropped by a comparable percentage, so it doesn't look li
by ergocoder 4y ago
In order to know whether it is firm-specific, we'll also need to look at other firms. SQ and PYPL also dropped by a comparable percentage, so it doesn't look like firm specific. It's more like they were all overvalued a year ago.
But, for some reason nobody mentions this, They all point to Musk + Twitter instead.
Another counter evidence: Musk accused British diver of being a pedophile. You would think nobody would want to associate themselves with people who falsely accused other people with pedophilia, right?
Then, the stock went up 40x.
If it had any impact, it shouldn't have been 40x. I doubt Musk's erratic behavior impacts the stock price that much.
- ChuckMcM 4y agoThe goal in the comparison is to reduce variables right? So comparing the stock price change of Tesla to that of two companies that aren't even remotely in the auto business doesn't help in that reduction. My comment above compares the change in price to other car companies because that is really what makes sense right?
- ergocoder 4y agoThat doesn't make sense to not consider other factors. Tesla went up 40x but other car companies went up 2x at best. Tesla was overvalued like other tech companies. It is actually the most overvalued tech stock. It going down like other tech stocks seems sensible. Going up a lot -> going down a lot. Also, I provided an example how musk's erratic behaviour didn't impact stock price. But you didn't actually provide any comparable example. You just kinda declared that musk's behaviour impacted stock price...