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shytey4y ago· 2 in thread

This isn't true

S&P 500 down 18% from 52 Week High

Vanguard total stock market down 20% from 52 week high

Tesla down 40% from 52 week high

Sure seems true that it has crashed more than the stock market in general. And guess what, on news that he might pull out of the twitter deal, TSLA up 6% in pre-market trading at the moment...

dubcanada4y ago

Yes that's correct, on average TSLA is down more then SPX. But you cannot compare a index to a single stock. Since you'll have stocks that are also up.

Compared to the other leaders weight wise in the SP500 (AAPL, MSFT, GOOGL, AMZN, etc) TSLA is down about the same.

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hef198984y ago

Crazy theory: Tesla stock is crashing, Musk used hos Tesla stock in his financing of the Twotter acquisition (security against loans and what not) and cannot secure the funding now. Having a 1 billion "fine" to pay if the deal falls through, he is now looking for an easy way out, hence trying to find something "material" in Twitters numbers.

dubcanada4y ago

That is completely incorrect. TSLA is holding up quite well. Take a look at SHOP for example. Nov last year it was $1700 now it's $350. TSLA was $1200 and now it's $750. It's holding up really well compared to some others.

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