Jumped into SH at15.20.

ProgN said:

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Yes

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How can they do this? Through shorting stock? If so, won't they be caught with their pants down at some point?

They do whatever the media tells them to do

Premium said:

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ProgN said:

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Yes

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How can they do this? Through shorting stock? If so, won't they be caught with their pants down at some point?

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There are a lot of people jealous of Musk on "Wall Street", and have certainly taken the opportunity to get a big short built in it over the last half year.

On the other hand... it was an OG of the modern meme stocks... inflated artificially higher over the course of several years.

I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.

It was bound to revert hard to the mean at some point.

Premium said:

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Could people be manipulating Tesla stock down? They are starting to trend down even when other similar tending stocks are now going up. Does the left hate Twitter stuff so much they are trying to sabotage Tesla?

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More likely that it's due to the 50 p/e and the increase in competition. TSLA has been extremely overvalued for years. It will drop below $100 within the next year.

I ain't get caught! I bought back sold legs of my put spreads!

Charismatic Megafauna said:

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GreasenUSA said:

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I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.

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ItS nOt A cAr CoMpAnY
iTs A tEcH cOmPaNy ThAt MaKeS cArS

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I enjoy listening to the On The Tape podcast with Dan Nathan, Guy Adami, and Danny Moses, particularly the episode that they do at the end of every week.

But they are the ones that made me realize how much the Wall Street world hates Elon Musk. These 3 are so jealous of him. It's pretty hilarious how much they seethe over him every week.

https://open.spotify.com/show/0sznt21EO7d94NWOZTSnvm

jj9000 said:

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To be fair, you've got to wonder where TSLA will land once the true market value is determined.

I've always considered TSLA to be somewhat of a meme stock (before meme stocks we're cool).

Is the company really more valuable than Toyota, Porsche, Volkswagen, Mercedes Benz, BMW, GM , Ford, Ferrari, Honda and Hyundai...combined?

I've never thought so.

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I agree with you which is why I have not been adding to my position from a year ago

is Tesla a car company, or a Big Tech company?

if it becomes just a car company - why should it be worth more than every other car company combined as above?

topher06 said:

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Quite the reversal today.

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Looks like classic "sell the news", crazy.

LMCane said:

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GreasenUSA said:

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Charismatic Megafauna said:

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GreasenUSA said:

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I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.

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ItS nOt A cAr CoMpAnY
iTs A tEcH cOmPaNy ThAt MaKeS cArS

---

I enjoy listening to the On The Tape podcast with Dan Nathan, Guy Adami, and Danny Moses, particularly the episode that they do at the end of every week.

But they are the ones that made me realize how much the Wall Street world hates Elon Musk. These 3 are so jealous of him. It's pretty hilarious how much they seethe over him every week.

https://open.spotify.com/show/0sznt21EO7d94NWOZTSnvm

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Dan Nathan HATES Elon Musk

and it has nothing to do with a business case for or against Tesla or SpaceX or Twitter

he hates Musk for political reasons.

I'm not taking his advice when he is clearly personally biased on that issue.

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Yep, it's all because of politics. Easy to read between the lines when listening. I still enjoy the show and have learned to tune out any political leanings.

Right now I'm just glad I took TQQQ profits while I could. Already hit two buys on UPRO on its way down but still have most of that cash.

interesting daily pattern here

LMCane said:

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GreasenUSA said:

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Charismatic Megafauna said:

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GreasenUSA said:

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I can't remember the exact stat I heard on a podcast last week, but it said that TSLA stock accounted for something like 75% of all automaker market cap at its highs, while Tesla cars being less than 10% of actual market share of autos.

---

ItS nOt A cAr CoMpAnY
iTs A tEcH cOmPaNy ThAt MaKeS cArS

---

I enjoy listening to the On The Tape podcast with Dan Nathan, Guy Adami, and Danny Moses, particularly the episode that they do at the end of every week.

But they are the ones that made me realize how much the Wall Street world hates Elon Musk. These 3 are so jealous of him. It's pretty hilarious how much they seethe over him every week.

https://open.spotify.com/show/0sznt21EO7d94NWOZTSnvm

---

Dan Nathan HATES Elon Musk

and it has nothing to do with a business case for or against Tesla or SpaceX or Twitter

he hates Musk for political reasons.

I'm not taking his advice when he is clearly personally biased on that issue.

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He looks like a personified bee sting

Philip J Fry said:

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Jumped into SH at 15.20.

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Yessir!

Yes. SPXS.

I've been hesitant to do the 3X leveraged thing, but I may reconsider here soon.

Charismatic Megafauna said:

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According to my crayons we're back under the trendline/ into the downward channel. Now just need jerome to finish er off tomorrow

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with this sell off before FOMC, I'm thinking we rip tomorrow. then continue into Christmas, blow off top, then end of year Look out! let the waterfall commence.
I will even put my money where my mouth is and buy some lotto SPY calls.

Philip J Fry said:

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I've been hesitant to do the 3X leveraged thing, but I may reconsider here soon.

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Just size smaller and know your stops.

grabbed some 12/23 420's. also grabbed some tomorrow exp closer to the money. Ideally, I'd be all out of all of these before FOMC.