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Reply to "Why is Tesla’s stock price so important to Musk?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Word is if it get before $144 he has to sell everything to cover twitter. In other words he would be broke.[/quote] He’s already getting cronies to prop of Twitter with investments at phony inflated valuation. Only reason to do this is because he’s losing his other collateral.[/quote] They are going to have to release an updated sales report no matter what, and it is not going to be pretty. Guessing their stock will tank further when it is released. If you look at the stock's long term trend, it had an artificially high bump related to Trump being elected and is now back to where it was six months ago-ish. The question is how low it can go based on how much its sales are tanking. It is not just Elon Musk's association with Trump. Internationally, it faces stiff competition from cheaper alternatives. Plus it has had a lot of concerning safety issues such as people burned alive inside Teslas when the electronics disabled the ability to open the doors and escape. [/quote]
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