Beginning of the end for Tesla & Musk ?

Ouch. And Tesla share price back down to 260 in after market trading. It’ll be interesting to see if it goes any lower.
 
It's high time people like him start getting taken to task about their Twitter activities. When you're head of such a big company abd responsible for so many jobs you really do need to grow the **** up and act like it.
 
englishpremier said:
What does Musk know of AI? His education is in physics (not stated which type), and business. His early businesses were in travel and finance.
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Tesla is pretty big on the self driving stuff. And AI or at least versions of it seems to be everywhere in engineering and logistics now.
 
I don't think there's anywhere for him to hide from this one, short of relocating outside the US. If the SEC get their way it'll have repercussions with all the businesses he's involved with, listed or not.
 
how low will it go on monday ?

"We did call around [Wall] Street, and we did find there's some short covering," Ihor Dusaniwsky, managing director at S3 Partners Financial Technology and Analytics firm told TheStreet. "On net, there is an increase of all short selling today." Short-sellers are up about $1.33 billion Friday, according to S3. The short interest indicates "a lot of conviction and people betting Tesla is going to drop some more," Dusaniwsky said.

Plus, there is an unusually high volume of shares under put options with a strike price of $50, representing an 80% drop from the current price. A "fifty-dollar strike price is kind of ominous," Dusaniwsky said.
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His fine is being used to compensate the investor losses stemming from his announcements. They will be, much to his annoyance, the short sellers who are now once again feasting off the carcas.
 
Short sellers are future buyers, they dont create negatives really - they'd be in trouble if attempting to manipulate any factor besides stating opinion. This happened most famously with Barclays where one of the biggest short sellers closed out and bought shares on the lows and actually went further and invested stating fair value at the much lower price.
Tesla fair value is stated for 190. I think 90 is still optimistic but we live in a world of cheap (big) money if you have market confidence which tech at the moment can garner. If you are small business then no

Fusion said:
My firm supply Tesla, not heard anything of this sort yet.
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Interested on any news

McGraw said:
Tesla sums up a lot of what I hate about capitalism.

I hope it fails as it is obviously unsustainable without a ridiculous amount of funding.
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I definetly dont hate Tesla, its all private money. If it loses track and can never return that money its the fault of those who believed different. Its way worse when government taxes all people even the poorest and loses that money on silly ideas
 
silversurfer said:
Short sellers are future buyers, they dont create negatives really - they'd be in trouble if attempting to manipulate any factor besides stating opinion. This happened most famously with Barclays where one of the biggest short sellers closed out and bought shares on the lows and actually went further and invested stating fair value at the much lower price.
Tesla fair value is stated for 190. I think 90 is still optimistic but we live in a world of cheap (big) money if you have market confidence which tech at the moment can garner. If you are small business then no



Interested on any news



I definetly dont hate Tesla, its all private money. If it loses track and can never return that money its the fault of those who believed different. Its way worse when government taxes all people even the poorest and loses that money on silly ideas
Click to expand...
silversurfer said:
Short sellers are future buyers, they dont create negatives really - they'd be in trouble if attempting to manipulate any factor besides stating opinion. This happened most famously with Barclays where one of the biggest short sellers closed out and bought shares on the lows and actually went further and invested stating fair value at the much lower price.
Tesla fair value is stated for 190. I think 90 is still optimistic but we live in a world of cheap (big) money if you have market confidence which tech at the moment can garner. If you are small business then no



Interested on any news



I definetly dont hate Tesla, its all private money. If it loses track and can never return that money its the fault of those who believed different. Its way worse when government taxes all people even the poorest and loses that money on silly ideas
Click to expand...

Money being thrown at an idea is bad when used by rich people to get richer and also bad when used by government in a misadventure.

I agree with the ideal of the second example though.
 
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