Tesla stock suffers even further collapse.

'Owning the libs' is going soooo well. Not only has Musk's actions cost him value on Twitter, its now cost him many times the total value of Twitter because the reputational damage has been so contagious that his day job has been crippled by the side-hustle. The reason why Musk was the richest man in the world was because of the value of Tesla stock. That value was predicated on future earnings based on markets betting that Tesla was set to become the market leader in electronic cars. This bet was based on the reputation of Musk as a genius innovator CEO. Not only is he distracted from the day job, but people have come to the painful realisatiobthat Musk's genius is well below his prior aptitude for self-promotion. The emperor has no clothes. 😂

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Northwest · M

Another pump and dump story. In this case, Musk is a victim of his own vanity.

Ponzi perpetrators, acting on their own, pumped it up, as a "software company", not a car company.

Turns out it's a car company after all, and the stock slide was going to happen organically, but Musk's Twitter theatrics, gave the Ponzi scammers a chance to do the "dump" portion, somewhat undetected.

Burnley123 · 41-45, M

@Northwest I read the WSJ article you posted and thanks for that. In the cold light of day, it appears that Tesla was always massively over-valued anyway because of its undeserved reputation as the Steve Jobs of cars. That has been discredited now. Cry me a river.