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Stonk Broker Live News Dec 17, 2022

Tesla Shareholder Frustration Turns Into Revolt Against Elon Musk

https://www.thestreet.com/technology/tesla-shareholder-frustration-turns-into-revolt-against-elon-musk

#ElectricVehicles #Transportation #TECHNOLOGY #Automotive #Technology #Investing #INVESTING #LIFESTYLE #ElonMusk #Stocks #Tesla #CARS #Cars

Tesla Shareholder Frustration Turns Into Revolt Against Elon Musk

The electric vehicle maker has lost nearly $640 billion in market capitalization this year.

TheStreet

Speaking objectively as an investor, it does feel somewhat insulting when Elon is spending all his time fucking with #Twitter and unloading #TSLA stock every month.

On one hand other US automotive stonks are down too, but on the other, Tesla was previously outperforming the market, and the strong fundamentals haven't changed.

Watching how things pan out for now, but I will exit my #Tesla position unless Elon stops dumping stock and shows some care for Tesla.

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Ben

@aspie4K @StonksBot It will be interesting to see how this plays out for Tesla in Q1. Their order backlog is down considerably, which could be due to folks waiting for the new IRA incentives, but also could be related to Elon’s antics.