[quote=Coronita]
I was thinking about doing the same thing….lol… I sold yesterday thinking that I would need to pay for the property…Now I need to go back in….
I think Musk is trolling wall street.. He trashes bitcoin when all the analysts got on the buy bandwagon, and he’s cheerleading for dogecoin when all the analysts are saying it’s a joke…
Wait a few weeks and I bet he’ll change his tune… So… Musk-ish[/quote]
I think he’s intentionally juicing things when he’ll make $$ notice how he just received a big payout from Tesla (his milestone payouts are based on stock value, I believe) then the stock goes down.
I’d bet there is a similar self-motivation to the bitcoin and dogecoin statements.
Tesla is in a world of trouble. The company makes its money not on its cars but on the carbon credits it sells to other automakers, which they’ll no longer need to pay soon now that they have their own e-cars. I bet it eats them up that they’ve paid a competitor and it allowed them to become much stronger.
Factor into that a big drop in China sales recently and what I bet will be a tough time breaking into the European market – there was an article the other day about how new cars sales in Germany are tightly tied to corporations buying them for their employees, and guess where the corporate headquarters location is of the cars those corporations favor? Hint: it starts with “G”.
I’m not saying Tesla will go away – a more likely scenario is that when they fall back in the red, which I think is inevitable, that another company snaps them up. Probably Chinese or maybe Apple.
