Tesla stock price

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Bruce M. said:
Tesla is taking a huge hit today, down about 8.5% with a couple hours left in the trading day. What happened?
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After a couple days of silence following their bromance break-up, Trump decided he can't afford to show he's afraid of Elon. CBS reports:

Tesla stock price plunges as Trump suggests stripping Elon Musk's companies of federal contracts
Tesla shares plunged on Thursday as an increasingly bitter spat between CEO Elon Musk and President Trump erupted in public, with Mr. Trump suggesting the federal government could strip Musk's companies of their federal contracts.

Tesla's stock tumbled by as much as 18% in intraday trading — the electric car maker's sharpest selloff in almost five years — before regaining some ground to close down 14.3%, or $47.35. The drop wiped out about $151 billion in Tesla's market value.
 
Down over 14% for the day. Analysts are saying it's because of Musk's public feud with Trump over the Big Ugly Bill. But did people really think it would always be sweetness and light between these two famously volatile personalities???
 
Bruce M. said:
always be sweetness and light between these two famously volatile personalities???
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GL8JzTs.jpeg

Pretty much sums it up:rolleyes:
 
Well, Tesla got a bump after the Austin robotaxi rollout, but has been drifting steadily downward ever since. But it's still a meme stock. If the fundamentals ever really kick in, there will be hell to pay.
 
It looks like Elon is using DOGE tactics on Tesla and SpaceX. “Neuton” Jack did that to General Electric and shrunk the company to 1/3d of what it had been. Putin’s officer corps are doing the same in Ukraine.

Failing inspiration, they use fear of firing in desperation.

“The firings will continue until business improves.”

Bob Wilson
 
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I think Musk is hunkering down planning for a very rough year... Not a happy camper these days, with losing many of the EV subsidies with the big beautiful bill. And the competition will continue to beat him up with better and cheaper EVs on the horizon, not just here but around the world.
 
And now Musk has renewed his fight with Trump, and Trump is talking about cutting subsidies to Musk's companies and even deporting him. It's hard to imagine this being good for the bottom line, and investors seemed to agree.
 
Well, as expected (at least I did), another bad qtr for Tesla and the stock plunged this morning. What I didn't expect is the run-up over the last couple weeks before the earnings report. I guess the stock still has its loyal believers. But today reality came to roost and holders are selling.

What will be interesting if it rebounds again later today and Fri. Could be a good opportunities for the believers to buy more. Seems the stock doesn't stay down for long, no matter what is happening.
 
Still dropping as of 11:20 Eastern -- down 9.35 % when I looked just now. But the earnings drop was predictable and the stock's recent run-up made no sense. Which is typical.
 
It's been quiet on this topic lately. TSLA seems to be holding up despite the bad fundamentals on the car part. A lot of valuation expectations now on the robot and robotaxi side. Today another announcement on Musk's pay package, with a trillion dollar equity incentive based on performance. This is a pretty ambitious goal, but if it pans out for Musk, TSLA may become the highest market cap stock ever. And of course stock holders will be greatly rewarded.
 
Yesterday, my former TSLA stock now a solar roof:
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  • $3.13 ~= 26.1 kWh * $0.12/kWh
    • tax free, no capital gains
Bob Wilson

ps. No longer a TSLA stock holder, I'll unsubscribe from this excellent thread.
 
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