EV manufacturer's stock tanking

LurchAddams said:
That wouldn't affect Tesla's stock price. He sold shares to raise the funds, true, but stock is stock no matter who owns it.
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In theory, when you dump billions in shares, that increases the number of shares available. The price would naturally drop.

Of course, there are other factors lately, but you can draw a direct line to the share price drop and Musk's raiding the coffers.
 
Althea said:
In theory, when you dump billions in shares, that increases the number of shares available. The price would naturally drop.

Of course, there are other factors lately, but you can draw a direct line to the share price drop and Musk's raiding the coffers.
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No, it doesn't either increase or decrease the number of shares available, as far as I know. The population of shares is finite. Selling them doesn't increase their number. Elon owned the number of shares he sold - now someone else does.
 
Nordberg said:
What you think? Irrelevant. The fact is the purchase of Twitter for way too much money and completely and clumsily mishandling of the company, punctured Musk's bubble. Many investors buy on the basis of a genius running the company. He would always come up with a way to make it work. Now he looks small, a lot less rich and powerful.
There is no outlawing of ICE. It simply makes selling one after a certain date illegal. We will still have ICEs for generations to come.
EV infrastructure is being built across the nation. That is called happening. There are a dozen battery plants being constructed or planned. That is happening.
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Yes. As with investing in the trump name, they eventually learn that it was a big mistake. Investing in anyone who is as mentally/emotionally unstable as trump/Musk is a terrible idea.
 
The Sage of Main Street said:
The Ringleader Brothers' Barnyard and Bail-Out Circus

Sounds like they need a government bailout, and we all know who will love to do just that. Why does Solyndra sound so much like Soylent Green?
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America's ability to spend like drunken sailors is coming to an end. Our kids and grandkids will hate us for how much money we squandered, charging the bills to them.
 
LurchAddams said:
No, it doesn't decrease the number of shares available, as far as I know. The population of shares is finite. Selling them doesn't increase their number.
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It increases the number of shares available. The number of shares is not infinite if the company isn't looking for an influx of money.
 
Althea said:
It increases the number of shares available. The number of shares is not infinite if the company isn't looking for an influx of money.
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Well, agree to disagree. The only thing that can increase the number of shares available is a split.

One way to decrease the number of shares in circulation is if a company is taken private. Twitter, for example was publicly traded. Then Elon bought all the shares and took it private. Now there are zero Twitter shares in circulation.
 
Celticguy said:
well rivian and lucid were never going to be serious players to begin with so the recession was going to serve as their Waterloo.

i think Musk will keep Tesla going. not as well as he wants but everybody is going to be hurting. they can weather it better.
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Oh c'mon, T.A. doesn't give one flying FUCK about the realities of the business. It's just "scoring points on EV owners". That's it. These people have a mental disorder and it involves losing their SHIT anytime they even so much as SEE an EV.
 
Sirthinksalot said:
I've heard some talk that Musk really wants Twitter's infrastructure to boost his planned neuralink project. That may be pure malarkey, but an interesting thought.
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Nobody knows what is going on in Musk's head...including Musk himself. It is going to be interesting to see how low he can push Twitter.

Which doesn't matter, as all of the investors cashed out. It's now just another expensive hobby for Elon
 
Hawkeye10 said:
Global Warming is almost certainly on the spectrum of unjustified panic and fraud, and the WOKE are anti-human.

However, I do not understand your post. Feel free to restate.
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Another Example of Why the Fake Right Doesn't Defend Us From Its Treehugging Sons

Natural air is full of killer bacteria and viruses. History has shown that auto emissions kill them, which is why we hadn't had a pandemic for a hundred years until the Lethal Lockdown let the cronyvirus thrive. An independent thinker believes in common sense, not Commie Science.
 
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LurchAddams said:
No, it doesn't either increase or decrease the number of shares available, as far as I know. The population of shares is finite. Selling them doesn't increase their number. Elon owned the number of shares he sold - now someone else does.
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"There's a Sucker Born Every Minute"


How many understand that giving stock as a dividend doesn't increase equity at all? It is nothing more than a deceptive form of a stock-split.
 
LurchAddams said:
No, it doesn't either increase or decrease the number of shares available, as far as I know. The population of shares is finite. Selling them doesn't increase their number. Elon owned the number of shares he sold - now someone else does.
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You're getting a little turned around here. You are correct. The number is finite until there is an action taken by the company to secure more investment.

It's impossible to put a dollar value on an investment product that has no limits of supply.
 
The Sage of Main Street said:
Another Example of Why the Fake Right Doesn't Defend Us From Its Treehugging Sons

Natural air is full of killer bacteria and virus. History has shown that auto emissions kill them, which is why we hadn't had a pandemic for a hundred years until the Lethal Lockdown let the cronyvirus thrive.
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Where on earth do you get your information???? Seriously, can you provide a CITATION for this "hypothesis"???????
 
LurchAddams said:
No, it doesn't either increase or decrease the number of shares available, as far as I know. The population of shares is finite. Selling them doesn't increase their number. Elon owned the number of shares he sold - now someone else does.
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Only if they buy the shares. Thus, the tanking price
 
Hawkeye10 said:
Global Warming is almost certainly on the spectrum of unjustified panic and fraud, and the WOKE are anti-human.

However, I do not understand your post. Feel free to restate.
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Funny how you find potential for "common cause" with the forum's local "random text generator cum pseudointellectual". Couldn't come right out and insult because maybe they agree with you in being anti-science. But they write like they are suffering severe brain damage so you can't really tell if you don't or do like their point. They DID call the Green new Deal a "dead man's hand" which SOUNDS really negative.
 
LurchAddams said:
So, you're willing to state, unoquially, that the only type of stock that lost 90% of its value are EV stocks and EV stocks alone? Ok.
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LOL. Not by a longshot. Anyone invested in anything to do with retail stores/malls got hammered during Covid.

In many cases, there was a 100% drop.
 
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