Musk will always speak his mind, apparently - whether it's an alleged pervert in a Thai cave diving rescue, or mocking the SEC, or saying the stock is too high. Every one of these events and others have caused the stock to dive. This wasn't his first, and it won't be his last. People who know how to rush in and buy during the dive aren't crying, just those who didn't see the wisdom in the mouthy aftermath. .
makes you wonder what else is going on up there, but maybe it's wysiwyg i could care less about what he says. i think the first sec punishment was ridiculous. i don't think martha stewart should have gone to jail, and i know the the congress people who recently sold off after receiving classified covid information won't spend a day in the clink. my only concern is that he might be removed from the company at some point, which might be the death knell for tesla.
Short term? I have quite a bit of net worth tied up in Tesla stock and will hold for the long term. That seems to me the opposite of a short term view.
I used to think this, but now that the company has matured I think his departure wouldn't be near the blow that it used to be. I don't think the pace of innovation would continue (same with Steve Jobs when he died), but there could be some positives such as more focus and execution of important things. That being said, I would prefer he stops tweeting stupid things that could get him ousted.
How could you possibly have been in Tesla stock for more than 90 days, and still lost money on it? The markets giveth, and the markets taketh away. Over the long term, TSLA has giveth vastly more than has the S&P500. And over the short time of this outbreak, even with this Musk Tweet Volatility, TSLA has still handily beaten the"market. Complaining about it is just shameless selfish greed. Don't forget the old Wall Street saying about excessive greed: "Bulls make money, bears make money, hogs get slaughtered."
Where did I say I lost money on it? Seems like you are looking for an argument even though I mostly agree with you.
You were complaining and arguing that certain people lost money on this: The friends and employees that you claimed have lost money on this, should also be long term investors, not sub-90-day quick traders, so none of them should be out anything. They just may not have raked in as much quick windfall as they may have dreamed about. The only TSLA money losers so far should be the speculators and the shorts. Are these the people you were piping up for?
I don't think you are an idiot at all. I think you made some good points and actually I felt similar to you. I have been following this thread just out of general interest as Tesla is an exciting brand and a leader in the electric car field. It is frustrating to see someone who has so much money that to them it is like monopoly money, taking actions or speaking/tweeting in ways that may affect people who really have worked hard and treasure their money. I also understand how frustrating it can be to make a valid point and someone just won't recognize your point or put themselves in your shoes- they just have to be right and win. I found your post interesting and actually mirroring some thoughts I had. Thank you for sharing your thoughts and posting.
Or isolated at home. Holding over 20% of TSLA shares, Elon could have an automatic sell order at whatever price he thinks is fair. Of course the Tesla board of directors might have personnel changes after ownership is distributed and the new members decide he needs to concentrate on his other hobbies. Bob Wilson
Source: Retail investors at 'Third Row Tesla' are allied with Elon Musk | EVANNEX Aftermarket Tesla Accessories Bob Wilson
Everyone who bought before Feb 1 this year, and held, has won a minimum of +17% to date. Longer term holders have won vastly more, and that should cover all vested employee stock compensation. Unless they are handing out some new derivatives that I haven't heard about. I would hope that they wake up enough to watch for any insider trading that bought on boss tweet dips.
That is an admirable ultimate goal. But first, we need to get them up to the same standard as applied to non-VIPs. If I recall James Comey's book correctly, part of the decision on whether or not to prosecute Martha Stewart for insider trading was to look up how many non-celebrities were already in prison on the same charge. It turned out to be a large number, three or four digits. So declining to prosecute her would carry a very strong appearance of getting away on VIP privilege. Good for her that she decided her best course of action was to stop fighting it, pay her dues, then move on and get back to business. And did so successfully.
