Tesla (TSLA) stock down *$200* (19.8%) since April 14 (when Musk announced he would buy Twitter)

[Roland99]

Link to tweet

Tesla (TSLA) stock is down ** $200 ** per share since April 14 (the date elon musk announced he was buying twitter)

[empedocles]

1. Bear market

[Roland99]

5. Yeah. But keep this aspect of the financing of buying Twitter in mind...

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=16632348

[ProfessorGAC]

2. Still Greatly Overvalued

Market cap is still $815.5 billion against assets of $62 billion & revenues of under $54 billion. And, shareholder equity is under $32 billion.
There are a lot of stocks carrying value well ahead of reasonable financial fundamentals & Tesla is one of them.

[empedocles]

3. Agree. Lets hope market is ok in November.

[WarGamer]

7. We'll probably officially be in recession on Election Day.

Q1 GDP was negative... if Q2 GDP is also negative, it's official.

We'll need Q3 to be positive.

[lapfog_1]

4. people still think of it as a "tech stock"

and not what it actually is... a car maker (heavy manufacturing company).

[WarGamer]

6. A few reasons why...

1) Musk sold some of his own shares to help finance Twitter purchase.

2) The entire market is slumping.

TSLA is on track to deliver 1.4M vehicles this year... Ford and GM can barely keep EV assembly lines moving...