"Tesla is offering the discounts because the federal subsidy for EV cars is about to kick in on Jan. 1st. People are anticipating that and are not ordering cars right now (only a week until the subsidy so why should they order one now?). So Tesla decided to discount the car now because of the reason for the reduced demand."

Oh really? So why are they cutting prices in China?

https://www.nytimes.com/2022/10/24/business/tesla-china-price-cut.html

"The stock dropping is not about the company fundamentals. It is due to stop losses being hit day after day and margin calls of big funds, which causes more stop losses being hit and more margins calls. Also because near end of year tax loss selling. All the buyers from the entire 2022 bought at $180 to $360. They can’t take any more losses and get out."

Tesla is offering $7500 discounts because of reduced demand
Tesla is laying off employees because of reduced expectations
Tesla faces sudden and formidable competition from the biggest car markers in the world.
In Europe VW and Audio already sell more electric cars than Europe.
Tesla's market share is dropping double digits year over year.

But it doesn't face any fundamental problems?

Anonymous wrote:The downfall happened when Elon had to fund his Twitter purchase by selling stock. Since then Elon has sold millions of shares some weeks and taken the stock down as a result. One of these days he will announce a new Twitter CEO, which should give TSLA a nice boost.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m kicking myself for investing in it. I was obviously the last person in America to figure out that Elon Musk is a nut job. I invested before he bought Twitter and since then all the guy does is tweet stupid stuff while Rome burns. My investment has dropped more than 50 percent this year. It’s doing worse than crypto! Now it’s far too late for me to sell too.

Ugh.

At least sell now and take the loss. Buy after a month if you still think it has potential.

I think it’s a bad idea to sell a stock that has dropped this low.

You should really stop buying individual stocks and stick to index funds, or maybe lifecycle funds

I will clarify.

The overwhelming majority of my holdings are in mutual funds. Like 99 percent. But around a year ago, for the fun of it, I bought about 55k in Tesla stock. Today it’s worth 26k. It’s not gonna kill me, but it sure is annoying. It’s worse because he’s just such as a$$.

That is a big number, “ for fun.”

Oh well, live and learn.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m kicking myself for investing in it. I was obviously the last person in America to figure out that Elon Musk is a nut job. I invested before he bought Twitter and since then all the guy does is tweet stupid stuff while Rome burns. My investment has dropped more than 50 percent this year. It’s doing worse than crypto! Now it’s far too late for me to sell too.

Ugh.

At least sell now and take the loss. Buy after a month if you still think it has potential.

I think it’s a bad idea to sell a stock that has dropped this low.

You should really stop buying individual stocks and stick to index funds, or maybe lifecycle funds

I will clarify.

The overwhelming majority of my holdings are in mutual funds. Like 99 percent. But around a year ago, for the fun of it, I bought about 55k in Tesla stock. Today it’s worth 26k. It’s not gonna kill me, but it sure is annoying. It’s worse because he’s just such as a$$.

Anonymous wrote:The stock dropping is not about the company fundamentals. It is due to stop losses being hit day after day and margin calls of big funds, which causes more stop losses being hit and more margins calls. Also because near end of year tax loss selling. All the buyers from the entire 2022 bought at $180 to $360. They can’t take any more losses and get out.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: We don't live in a consequence-free world and I suspect that a petty little man like Musk and his cronies know this, and they resent it. The kind of people who bought tesla ( the cars , not the stock ) aren't the kind of people who have a steady appetite for the racism, conspiracy theories, and erratic behavior of a man inhabited by debilitating insecurities . As if that wasn't enough, he decides to go pay $44B for a social media company that barely generated $5B in revenues , tries to back out of a deal , gets his bluff called out with potential litigation that he was guaranteed to lose . Problem is, when you fork over $44B for a $5B company , it means you have to at least triple the revenues of said company to be able to make loan repayments.

What we're witnessing is yet another collapse of the ' if you're rich then you're smarter than thou' mantra that many of you foolishly , naively and stubbornly cling to, despite mounting and irrefutable evidence it isn't so black and white .

How anyone thought that this company—a monobrand— deserved to be more valuable than General motors ( Chevrolet, Cadillac, Buick) or the Volkswagen group ( Porsche, audi , vw, Bentley , Lamborghini ,etc ) proves that financial illiteracy and general ignorance of the business world transcends demographics and educational levels in this country . The only advantage UMCers have is that they have incomes that might allow them to recover from the consequences of their ignorance. Who knows? The hype train might have kept running had he not decided that in addition to his bland electric vehicles , he's also entitled to be king maker . Let's face it , that's the sole reason for the Twitter acquisition .

I discount all the political stuff - even the Musk is distracted by Twitter stuff. Tesla was tulip stock. The balloon has burst. The legacy auto industry is going chase him out of the car business.

This is way to slow extreme. Tesla is a real company with real valuable products. They have lots of valuable patents as well. Now should they be worth more then all other car makers in the world combined? No way, it was a bubble due to burst but Tesla isn’t going away. There is still billions in value, just maybe not hundreds of billions.