MakeItFast
96033
1780
43
May 2, 2020 1:46 AM
MakeItFast
96033
1780
43
Maaatth
Icedpryo
Mfw i have exactly 1 tesla share just for meme purposes ;D
FEMAcampsarereal
Buy Tesla stock, you're going to have a bad time.
genericuser666
He’s telling the truth tho
Lifk
Poor rich people losing money so sad.
Yellowchopsticks
Is this like when Fry became CEO of Planet Express after the 80s guy died of bone-itis?
TheOvy
I feel like, if you saw Musk tweeted out "LIBERATE AMERICA!" the other day, you were given fair warning. You sell when he's about to whine.
InspectorMonroe
Musk is a cunt.
andreasrogne2718
no u
MarkRavingMad
Can we all agree to burn twitter to the ground for the good of the species?
crateo
That's the kind of thing that can put you in jail. He might have committed a felony.
s4ndwich3s
tesla stock is like a casino, been like that for a while. be careful
AnythingMuchShorter
Elon, this is what got the SEC after you last September! Remeber the 20 million dollar fine? Come on man.
killahbees127
You're the one who invested in him, Elvis. Maybe you should have invested in the world's tiniest violin.
ChainmailleAddict
To be fair, you don't exactly expect the CEO OF THE COMPANY YOU BUY to deliberately tank the stock price
destruction
Trumps tweets affect the market, as well as prominent analysts. Economics is the affluent man's astrology.
Cheomesh
10% drop in a day. Oof.
arumanl1
I always think of it as of imaginary money. Like, you invest some money, get a tax write off and then it fluctuates every which way.
Deadpoolisfunny
Remember when we all loved this man? Like he was the guy who was going to get us to Mars, the guy who was making bleeding edge tech.
Deadpoolisfunny
Not he's some psychopath with too much money in his pocket.
mity0k23
Don’t look at your portfolio now. Buy if you can, but don’t sell shit.
TippityToesAppearsToBeTaken
I strongly believe this recoil up is unrealistic and we will see a crash soon enough.
numnut1987
just wait for a bit and start buying, shit is gonna rise again
kfizz
I swear he is real life Tony Stark. All this money and he doesnt knownwhat to do with himself so he just fucks off.
luckz1990
Billionaire playing stocks like a toddler plays Monopoly - rolling dice, flipping board when losing, crying for a do-over.
0x1CEB00DA
that guy is an idiot ... just wait and buy more cheap Tesla stocks ...
Chereazi
He just loves manipulating his stock
kbing
Careful! The charlatan is considered a god among pseudo intellects of reddit and imgur.
DrRad
He stepped down. I don’t think it’s illegal at the moment.
illogicalphallusies
he is still majority shareholder and is considered 'an insider'
DavidHoag
Think he's lowering the price on purpose so he can take it private?
Asadsadsadclown
Honestly is being a bit batshit insane manipulation? He does a crazy thing an others tank his stock price.
Asadsadsadclown
He’s not doing anything business related. Companies announcing buy backs to drive up prices then not buying back is 100% worse, and legal.
Exevium
Good... Fuck the stock exchange.
AllTheGoodOnesWereGone
He might well lose control of Tesla over this. The SEC almost did it last time he tweeted about taking it private.
eathotdog
Elon ex machina.
PopeyeTheSailor
Deus ex Muskina
ohthechestpain
Please explain
TheRealAethrys
Elon musk does or says something off the wall, tesla stock price drops. Last time he smoked weed with Joe Rogan and announced a buyback 1/2
ohthechestpain
Thank you, kind stranger!
TheRealAethrys
Prompted a significant drop in stock price as that last bit was blatantly illegal. This is similar, but less blatantly illegal. 2/2
Filanwizard
The fact the market can be manipulated by a tweet shows its time to shut it down until we can make it run purely on data. 1/
crateo
This happens on the short term. A week diversified portfolio works well on the long term
Filanwizard
If a tweet can drop share values the system is broken because a tweet is not actual hard financial data on a company.
numnut1987
y all the people mad at elon and not about the stupid broken system that can get affected by a simple tweet,
skellington01
Context: he said that as a joke when the stock hit $420. People are dumb.
juiceman
Not as dumb as people who swallow the line about it being a no-consequence joke...
skellington01
The stock will bounce back. The immediate outcome does not mean he is wrong.
BrockEffingSamson
Specifically: Musk is dumb, manipulating his stock price on Twitter as a shitty joke.
LoudBirb
It was also dumb of him not to expect it. I mean... come on. I'm no Morgan Stanley analyst, but even I could've told him that.
Melber
Musk don't care. Musk does it for the memes.
BodyAnimalBistro
Yeah, like him. If he kept his mouth shut there wouldn't have been a problem.
BiBiBiBiBiBiBi
Why does Elon have the original Deus Ex cover as his profile pic? Is that real?
killahbees127
I mean, it is a GREAT game. I'm sure it's because of that, and not something stupid and crazy.
CandleToad
Yup. https://twitter.com/elonmusk
spiffylookingnerfherder
He never asked for it.
nantukoprime
Yes, he's sending the message that he needs to be stopped by a JC Denton.
kojenk
JC DENTON IS THE SENATE https://youtu.be/c18NvN1B2Ak
RoadskiN
What a shame... He was a good man lip smack what a rotten way to die
allfouledup
PROMINENT LIP SMACK
MexicanTrainer
Because he is smoking too much weed and thinks everything is a conspiracy now. I've been concerned for awhile but it's now coming to a head.
BiBiBiBiBiBiBi
The weed thing is false though right? It was a one off thing on Rogan. Then people ran with it.
MexicanTrainer
The problem is weed makes a person worse over time. It's fine at first but it slowly builds up.
SergeantExplosion
Weed is the last drug I'm worried about rich people being on
NKato
Ah yes, didn't he agree to NOT manipulate his stock via Twitter? Last I checked there was a suit from the SEC.
SufficientMagic
See, it's like this; the .gov wants him as a military contractor. They want him building COTS launch and retrieval systems. All the leeway.
RosencrantzNGuildensternNeverLived
He doesn’t build anything, Tesla can replace its CEO and still build war machines.
NKato
If I were in Federal Gov, I would have put the screws in: "Stop being a fucking retard and dragging our country into Third World Status."
Sm9yCg
Are you still talking about Musk or are you talking about Trump?
NKato
Why not both?
DungeonMaster77
Sm9yCg
You are an idiot if you compare Musk to Trump. I am not sure if Musk or Trump sized Idiot, but an Idiot nontheless.
jacktheron
I really dont get why this is illegal...yeah if he's trying to lower the price to buy sure, but if he's not then let him say whatever>>>if
jacktheron
>>investors are investing money based on tweets and not underlying value of assets and earning potential then fuck em! They deserve to loose
whyexactly
And if he's using that to profit himself?
grazaoth
Go ask him, fine him if he does.
aristera
So he can lower the price for friends to buy? Wheres the line? Better off not letting people jerk around their prices.
barnwolf
In this case I believe it's illegal because he specifically signed a deal not to do it anymore.
barnwolf
I guess last time he did it the SCC felt they had an insider trading case against him because of it, leading to the fine/deal.
OuroborosX
He's shown me who he really is these past few days. I'm done with old musky. Dude is a straight up jackass.
chiefs813
He just likes to troll. He has very much an early-internet adopter trolling style, and I think it's hilarious since that's how I am too.
juiceman
It took until NOW?
LizardEnterprises
Welcome to the club! You're a little late, but i won't hold it against you :-)
BlastFX
But at this point you don't get downvoted to hell for being a member. Where's the fun in that?
InspectorMonroe
He always was. I don't get his personality cult.
SaxaphoneWalrus
He did some good and was pushing us forward, but at some point his dumbassery just becomes too hard to ignore.
OuroborosX
Honestly, I've never really thought about him. I like people doing things in space. But he's just another industrialist counting his money.
whyexactly
I'm assuming you missed pedo-gate?
OuroborosX
Honestly I did. I don't know anything about that.
colesutra
You remember those kids (soccer team?) who got trapped in a flood cave? Muskie wanted to play hero with a micro sub to save them. Then he +
colesutra
pitched a huge hissy fit when a rescue diver got the kids to safety several days before the sub would be ready. Somewhere in there, +
colesutra
he accused the rescue diver of being a pedophile for stealing his thunder.
madbydesign
14 billion loss in valuation after his shit storm of tweets.
barnwolf
Not like the tweets changed the actual value of his company. Just forced people to realize it was overvalued. Or caused idiots to panic sell
madbydesign
Likely the latter
snakeksssksss
Lol its worth 7 times more than Ford still
rumandbass
Is it though
snakeksssksss
Ford market cap 20billion, tesla 129 billion.
ServantOfTheGodEmperorOfUsersub
Yeah it’s stupidly overvalued. Lots of stocks are. Some like amazon can be justified as based on potential, but Tesla not so much.
ServantOfTheGodEmperorOfUsersub
I mean they could sell ten million Teslas but probably everyone will get a Toyota still.
LeChez
Huh. What if he just said all that so the price would drop so he could buy more Tesla stock with his deep pockets?
ekscalybur
People have gotten LONG prisons sentences for doing EXACTLY that, so I don't think that's what he was doing. He shouldn't weed&tweet.
WherePoetryComesToDie
It's a lot harder to buy/sell a company's stock when you're part of it--especially when you're the CEO. Also, Musk is famously cash poor.
nerotep
Sure that's why you have a shell corporation with a team of lawyers who do this "independently" of you and in a way that's technically legal
WherePoetryComesToDie
Char limit's too short to explain why in detail, but it's actually really hard to do this type of stock manipulation for personal gain. 1/2
WherePoetryComesToDie
While this could be a stock buyback ploy (unlikely IMO), what you just described would be easy to trace and prosecute for many reasons. 2/2
madbydesign
I’m fairly certain that’s exactly what he’s doing.
HellaFishsticks
Surely this won't spark any investigations or fines
AVoiceOfReason
You shouldn't be certain of that at all. I don't think you realize how easy it is for the SEC to know.
WherePoetryComesToDie
Id wager it's the opposite. The tweet meltdown is a calculated cover for Musk to start deleveraging and exit TSLA with billions in hand. 1/x
WherePoetryComesToDie
The price action for the next 8 trading days will be key to watch, with one day in particular to note: May 13. That's when selling 2/x
WherePoetryComesToDie
restrictions from the last equity offering will be lifted unless GS waives it beforehand. This is all speculation on my part, of course. 3/3
OrangeFlavours
That's extremely illegal, and they can tell if he did.
whyexactly
What about his rich friends?
WherePoetryComesToDie
Still easy to track. The SEC doesn't fuck around. https://www.investopedia.com/articles/investing/021815/how-sec-tracks-insider-trading.asp
BigBadBillyBoy
This isn’t insider trading, it would be stock manipulation. Both are illegal but you shared the wrong link.
pierresito
Didn't he already fuck up once with the SEC once? Wouldn't surprise me if he still fucking up
OrangeFlavours
Yes, when he memed saying he wanted stocks at 420, he got in trouble. It wasn't a harsh punishment, but it was still bad.
Nuttsy
Is it really a fuckup when all he got is a dinky little fine, and an order to shut up that he blatantly disrespects without punishment?
MysteryRobot
You don’t lose anything until you sell ??
JumpingSandmann
Kinda, but it's not clear if the guy actually had stock or some options that tanked.
Santac99
I get so annoyed by this statement. I can assure you that Enron and Lehmann Brothers shares are worthless even though you haven’t sold them.
F7ortune
What if I bought in 2012 at 0.00 and sold at 0.08 ?♂️?
Santac99
Another story and you know that was not my point. :-)
F7ortune
I know is there even a market / volume
maxxra
Unless its options.
djzapz
That's a common rationalization that amateur investors unfortunately use too often to negate reality. Unrealized losses are losses too,
TippityToesAppearsToBeTaken
Most amateurs sell if it goes down for a week and miss when it goes up again.
texabilly71
i’m gonna go with w buffet over imgur rando on investment advice https://youtu.be/JSAN7uE8dwI
number14
He also buys sweetheart deals from companies that need liquidity. Not companies that never turned a profit.
djzapz
especially if you take into account the opportunity cost of keeping money tied up in a losing investment because of the sunk cost fallacy or
barnwolf
I don't think Tesla is likely to lose all of it's value though.
djzapz
Probably not, but what I said doesn't only apply to falling knife scenarios. If your money is tied up into stock X because you want it to
djzapz
go back up because you feel some emotional attachment to that money, it means you haven't put it in stock Y which might perform better.
djzapz
any other reason why you might get attached to a specific investment and fail to think rationally
ciaran13
So I should give up on my Enron stock?
warriorofdiscord
If it's money you're investing because it's "investment money," and the stock isn't going belly-up, he's not wrong. Wait for it to come back
warriorofdiscord
Obviously a different story if you're investing your company's 401k or something, and they have some portfolio. But if it's just me? w/e.