Tesla can't find buyers for the current backlog of nearly 2,400, or $200 million worth of Cybertrucks, despite claiming over a million orders were received.
I will feel a lot better when their stock price goes much, much, much lower. Sure they are down 40+% in the past 3 months, but they were WAY too high prior to that.
Their P/E should be in the single digits if they were like most American companies. Until I see that, I’ll know that they are nothing but a fucking chud memestock.
What’s going to be really funny, is when it becomes worthless.
See, most of Elon’s money is in Tesla Stock, stock that he manipulated by telling tall tales of colonizing Mars.
In order to buy Twitter he had to take out a loan for the money and use his Tesla stock as collateral. Now, the thing about that is, the stock is only able to serve this purpose because it’s worth so much. If it wasn’t, then Elon basically defaults on the loan.
This means he will no longer own Twitter, his bank will.
I will feel a lot better when their stock price goes much, much, much lower. Sure they are down 40+% in the past 3 months, but they were WAY too high prior to that.
Their P/E should be in the single digits if they were like most American companies. Until I see that, I’ll know that they are nothing but a fucking chud memestock.
What’s going to be really funny, is when it becomes worthless.
See, most of Elon’s money is in Tesla Stock, stock that he manipulated by telling tall tales of colonizing Mars.
In order to buy Twitter he had to take out a loan for the money and use his Tesla stock as collateral. Now, the thing about that is, the stock is only able to serve this purpose because it’s worth so much. If it wasn’t, then Elon basically defaults on the loan.
This means he will no longer own Twitter, his bank will.
He’ll be forced to sell SpaceX to cover the loans.
They’re still up 25% year on year.
That was an insane rally and crash though.