I think in the eyes of many investors, Elon has lost whatever mojo they thought he had. As Elon never had any mojo to speak of, this mostly just means the investors are finally catching up with reality.
Could be that some of the irrational Musk fanboys have moved their money over to Spacex? Could also be a complete coincidence though given past Tesla price movements.
Macroeconomics as well. Things aren’t going so great. Make your profits while you can. Also, why keep invested in Tesla when you could sell, take profit, and invest that in memory producers. It just makes more sense.
tesla has had disastrous earnings in the past and it hasn’t bothered the investors before. what charged?
I think in the eyes of many investors, Elon has lost whatever mojo they thought he had. As Elon never had any mojo to speak of, this mostly just means the investors are finally catching up with reality.
Could be that some of the irrational Musk fanboys have moved their money over to Spacex? Could also be a complete coincidence though given past Tesla price movements.
Or, SpaceX dropping below IPO price woke up the braindead morons to reality and they’re now selling off anything attached to Musk.
Macroeconomics as well. Things aren’t going so great. Make your profits while you can. Also, why keep invested in Tesla when you could sell, take profit, and invest that in memory producers. It just makes more sense.