3 ms·
It's about Tesla stock being dinged recently for missing expectations. If things go as I expect, Tesla will need to restate or miss their 2nd quarter also. T
by r00fus 3y ago
It's about Tesla stock being dinged recently for missing expectations. If things go as I expect, Tesla will need to restate or miss their 2nd quarter also. This will move Tesla from being a "tech stock" (value = high multiple of earnings) to a "car stock" (much lower multiples).
This, in turn, impacts Elon's securitization of Twitter. It might also impact his hold on Tesla as well.
Also aligns with overall anti-EV push by big-oil.