Tesla stock is dropping like a rock

[Greyhead]

Down over 10% today. Tesla has lost over 1/2 of its market share from its high point in Dec.
I never did understand why Tesla was valued so high.

[Duncanpup]

1. Maybe Parasite Musk.

Will have to go back to work soon at Tesla instead of screwing us over.

[KeepItReal]

2. And Elon just called Senator Mark Kelly a traitor.

..keep up the good work pumping my TSLA short, Apartheid Clyde.

[yardwork]

6. Apartheid Clyde!

Stealing that.

[SunSeeker]

10. Even some of Elon's fanboys on X are telling him to chill.

Link to tweet

Link to tweet

[alcuno]

3. On CNBC, "Elon Musk - Chief Executive Officer, Director, Technoking"

I just noticed this when checking Tesla stock. I wonder if "Technoking" is an actual title in their filings.

[Maninacan]

4. trump bump

analyst says tesla lost it's trump bump. I say he's an idiot. Car mags are saying tesla needs a new model to boost sales.
Media denies the truth.

[Bonx]

5. Chasing Reddit - which is down over 16% today and over 50% since Feb 7

Is Reddit going down MySpace road?

[yardwork]

7. Was it overvalued?

What's the long term trend?

[Ray Bruns]

8. Let's check in on how the stock market is doing.

[swong19104]

9. It's lost half its market VALUE

not market SHARE.

Market value = share price x number of shares
Market share = percentage of all cars sold being a Tesla (or all EV cars sold).

[mackdaddy]

11. Could Stock owners sue Musk for actions that are damaging the company value?

He seems personally responsible for the tumbling stock prices.

[SunSeeker]

12. Yes. They have before.

Tesla shareholders previously filed lawsuits against Elon Musk, alleging that his statements, particularly his 2018 tweets about taking Tesla private, caused the stock price to fluctuate and led to investor losses. https://fortune.com/2023/01/18/elon-musk-trial-tesla-funding-secured-tweet-shareholders/

[ProfessorGAC]

13. They Could, But...

...it's still up 24.6% in the last 365 days, so it would be a tough suit to win. It's up 508% in the last 5 years
"I should have made 90 or 1000%" is not likely to sway many jurors.
But, those who bought 6 months ago are probably pretty upset.
It's down 2.5% over that period of time.

[LetMyPeopleVote]

14. This makes me smile