Micah PollakToday Tesla closed at $149.87. This is the first time it's closed below $150/share in 762 days (2 years, 1 month and 2 days). #Tesla #Twitter
Tesla sock is continuing it's free-fall today. Currently down over 5% in value since the open this morning. That's a 65% fall in value since the beginning of the year, the bulk of which has happened since Musk's purchase (and subsequent mismanaging) of Twitter.
Erik the Rural Juror@pollak You can absolutely track peaks and valleys and recoveries and drops to announced and perceived decisions about purchasing twitter it's kind of crazy
@edoggthered Absolutely, I matched some of the dates/events up here: https://mstdn.social/@pollak/109507237728539271
Micah Pollak (@[email protected])
Attached: 1 image At the start of 2022, Tesla's stock was trading at 399.9. Today it is at 162, or less than half that (-59%). At least some of this decline is likely related to Musk's roller coaster ride decision to purchase Twitter, which he paid for in part by the sale of Tesla stock and with loans secured by Tesla stock. Here is a graph of the Tesla share price since the start of the year overlaid with the timing of several key Twitter-related events. #Twitter #Musk #Tesla
@pollak Your take is similar to one that I did and it's remarkable how well it tracks. I'm just surprised how it's gone from bad to worse with no end in sight.
@edoggthered I'm not surprised. With so much of the debt used to purchase Twitter leveraged with Tesla stock the future of Tesla is now basically a gamble on the future of Twitter, and the future of that is not good.