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> The latest blow came on January 3rd... It lost 12% of its value—roughly $50bn, or one Ford Motor Company—in a day. It's not going to completely correct in a
by klyrs 4y ago
> The latest blow came on January 3rd... It lost 12% of its value—roughly $50bn, or one Ford Motor Company—in a day.
It's not going to completely correct in a day. As you note, its value may be inflated by two orders of magnitude. Musk's hijinks with Twitter have cost him dearly in investor confidence -- both indirectly, as his behavior there is erratic, and directly, as his loans for that deal are backed with Tesla stock. And then there's the non-delivery of FSD, which is the real "dream" that he's been selling so hard.