$TSLA

jon-nyc

I don’t pay much attention to the stock, but it’s been making news recently. Look at the slide since October, relative to the S&P. I wonder how much of that is because he’s selling a lot to finance his purchase, or if investors are getting nervous that he’s so associated with the brand while personally alienating his customer base.

89th

I think both those reasons, plus it was massively bloated it seems. Heck in October it's market cap was larger than Toyota, Porsche, Volkswagen, Mercedes Benz, BMW, General Motors, Ford, Ferrari, Honda and Hyundai combined.

Horace

It's never not been ridiculously overvalued by any metric. What keeps it afloat is the Musk brand. So if he goes around damaging that brand, it has consequences.

Mik

Irrational exuberance.

Jolly

Hay, for a long time, he was almost the only game in town.

Lots more competition nowadays...

jon-nyc

@Jolly

That’s true. There are some boutique entrants in the luxury side and the majors are coming in with options across the range.

Horace

Up 75% now, from the lows at the beginning of the year.

LuFins Dad

@Horace said in $TSLA:

Up 75% now, from the lows at the beginning of the year.

I know…

jon-nyc

Did you buy in this recent low?

After all, it’s still down 20% from when he closed on Twitter, while the overall market is up 14.

jon-nyc

I know they had good earnings, but you can more or less pick out the day Elon dialed back a bit from Twitter by looking at the low on the TSLA chart. (I count that day as when he banned Paul Graham)

LuFins Dad

@jon-nyc said in $TSLA:

Did you buy in this recent low?

After all, it’s still down 20% from when he closed on Twitter, while the overall market is up 14.

Yeah, I spent a little poker money in late December. Nothing significant, but I’ve made the poker money I tossed into Crypto back…

jon-nyc

Nice!!!!

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$TSLA