just_another_personElon Musk Begs Tesla Staff Not to Sell Their Stocks
Just a quick summary:
- insiders are selling huge amounts of stock
- sales figures in the last two months were horrible
- constant recalls of cybertrucks which are also basically not selling
- protests and vandalism
- brand is universally hated
- record trade-ins and sales of second hand vehicles
- no new models or products in the pipeline
- laughable vaporware announcements
- begging employees not to sell
- begging Trump for a sales show
- questionable accounting practices exposed in financial times
How anyone can still hold on to Tesla stock is beyond me.
1984Life experience.
We have seen the crowd turn against someone, hating someone, many times. It always blows over. Thats why we dont talk about what happened a year ago anymore.
Buying the stock now will pay off very much in a year from now, unless Tesla goes bankrupt, which I doubt. Musk has powerful friends.
I fact, I think it hit bottom a few days ago, at 232 dollars. It has recovered to 250 in the last few days.
While he is actively dismantling the government we all rely on it will not just “blow over”. Also, Tesla as a company is on a downward track no matter what. What happens to a car company when no one buys their cars anymore?
It goes down in value on the stock market for a while. Revenue reports will show less profits.
But all this is temporary.
What exactly do you think gives value to a company’s stock?