Tesla Shares Get Halved, by Wolf Richter

Easy come, easy go for Elon Musk and fans. From Wolf Richter at wolfstreet.com:

But It’s Not a Stock Split.

Elon Musk, the CEO who walks on water, has been busy recently with his other interests and pranks, such as wanting to buy Twitter for $44 billion, and then, after having signed the binding merger agreement, it’s like forget it LOL, and then after he realized that the courts could embarrassingly force him to buy Twitter for $44 billion, it’s like, no problem, I’m going to buy it voluntarily and turn it into the next big thing, LOL, similar to the tweet, “Am considering taking Tesla private at $420. Funding secured,” which was weed joke, and no one held his feet to the fire.  Or his tweet last year, “Am thinking of starting new university: Texas Institute of Technology & Sciences”: not MIT but TITS, get it?

And then, in addition to Twitter and tweets, there are SpaceX with its fancy rockets and Starlink satellite service, and his Burned Hair perfume, and what not. So the richest man in the world can afford to be funny with this stuff.

But he’s a lot less rich than he was in November last year. Because the one thing he hasn’t been able to do is keep Tesla’s stock [TSLA] levitated in the ionosphere. TSLA dropped 7.6% today, to close at $204.99.

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One response to “Tesla Shares Get Halved, by Wolf Richter

  1. Eastern Pistol Shooters

    Is that why he fired the satellite service back up for the 51st state?
    Once I entered Sam Houston Institute of Technology into an online application for work and it was impossible to keep a straight face when the interviewer asked if it was in Houston.


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