On October 6, Tesla 's stock continued to plunge...The market value evaporated by hundreds of billions, but Musk's mind was still not on car companies. Seeing that fans gathered to express their disappointment, he strengthened his determination to cash out from Tesla and buy out Twitter , Bill Gates was overjoyed
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Behind the plummeting of Tesla's stock price
Starting Wednesday, accompanied by the sharp drop in the Dow Jones Futures Index, S&P 500 Futures Index and Nasdaq Index , partly because the investment community expects OPEC+ to announce a larger production cut at today's meeting.
And at this moment, Tesla CEO Ellen Musk once again became the focus, not only because his Tesla company has led a huge decline in recent days, with its market value evaporated by hundreds of billions of dollars. Tesla cars have dived in the retail prices of various models ... and because he agreed to continue cashing out from Tesla to complete the $44 billion acquisition of Twitter (TWTR) as a resolution. This remark led to a sudden surge in stock prices.
Tesla... On the one hand, Bill Gates and Bezos were shorted together, and on the other hand, because its president Musk was absent-minded, the legendary story of the Musk Dynasty (Musk Empire) looks shaky, but it is far from over.
Musk is currently facing a tsunami of major changes in the international financial landscape, and as a trendsetter, he still has room to display...
On Wednesday, the yield on the 10-year treasury bond rose by 8 basis points to 3.7%. The dollar has also moved higher after falling back in the past few days. The rebound of the US dollar is largely due to the market's expectations of higher yields.
pound decline is due to British Prime Minister Leeds Trass said she will continue to push for tax cuts at the Conservative Party meeting. Her budget plan triggered a run of pound and UK debt at the end of September, prompting Bank of England to resume bond purchases and prompting Tras to abandon many of the policies he promised.
According to Associated Press , perhaps to leave room for maneuver for Musk. The judicial community in the United States has opened up the Internet and publicly announced the case of suing Musk for Twitter, delaying the trial to wait for Musk to make the final decision...
Although Musk made another acquisition offer this Monday, he said it needed time to arrange financing. But this has nothing to do with the court. Since Twitter filed a lawsuit, according to the queueing rules, Musk, the defendant, will have to stand in the dock this month... But something magical happened.
Delaware Equity Court President Kathaleen St. Jude McCormick said Thursday that Musk and Twitter will now be delayed until October 28 before reaching an agreement. She said the trial, which was scheduled to be held on October 17, will be postponed until November.
But Twitter yesterday publicly asked Judge McCormick to follow the rules and continue to trial Musk, saying the billionaire refused to accept his "contractual obligation" in his April agreement, i.e., to buy the social media company and privatize it. However, the judge launched a "protection" of Musk...
Let's talk about Tesla. From the perspective of retail price, any model has been reduced to varying degrees. On average, at least each model has been reduced by more than 8,000 yuan. Moreover, during the entire business crisis, since last month, Tesla's delivery period has been shortened by at least four times, which means that it is forced to provide service quality...
will be rebates as long as you buy a car, and the delivery period is even approaching infinitely for one week. This is a world of difference with Tesla's previous arrogant attitude. However, even so, the capital market does not buy it at all. If it should be reduced, it will still make you fall.
Closed on October 3, which was Tesla's biggest decline this week, plummeting 8.61%, and its market value suddenly decreased by more than 500 billion yuan. However, Musk performed easily. After all, he cashed out...
Once upon a time, Tesla's dark horse was very crazy, and its stock price soared from 20 points to US stock 414 US dollars, but we are not just warning readers that its market value was overvalued. Later, even Musk himself felt "too high". However, crazy fans did not buy it, and they still firmly believe that Tesla would not fall...
So, now Tesla has fallen to 238 US stocks, and it is likely to fall... Are the trapped leeks willing to spend a few years waiting? ? There are too many reasons for Tesla to get into trouble. On the one hand, the Biden administration and California court soldiers do not like Musk. Biden can use policy support and subsidies for other American car companies, but refuses to invite Musk to White House during the meeting. The California government fined Musk for "ZZ discrimination" because a black employee sued "not to be promoted"... In the financial industry, four American banks are against him. In the investment industry, Bill Gates is joining Bezos and others to short Tesla. Within the company, Musk relies too much on Shanghai's super factory, and in the capital market, Musk withdraws a large amount of available funds to buy out Twitter...
But as long as Musk can still maintain the production capacity of the Shanghai factory, stabilize sales this quarter, and negotiate with Twitter step by step, so as not to make it difficult for Delaware female judge who likes him... He can still continue to operate, but the market value is only the underlying stockholders. For him, the market value is just a bubble. Anyway, those who should cash out have already been taken away. In a few months, he will be able to withdraw from the mobile phone TwitterX and reunited with his Starlink to sell it to fans all over the world.
idol behavior, fans pay for it, this business world is like this. Musk is still the same Musk, but the situation in the car companies, especially in Asia and Europe, is likely to have undergone a drastic change. Tesla has ushered in unprecedented competition. Musk, who is busy cashing out, should know this.
Lao Ma is very likely, but it is very likely that he will gradually be liberated from the position of a car company as a manager, and then devote himself to thinking about social media. After all, he is the largest Internet celebrity in the United States after Chuanbao was blocked. He was worried that he would be harmonious, so he would definitely spend a huge amount of money to buy the platform, and then continue to offend people on Twitter without any restraint... (If he is the CEO, then Zelensky would dare to argue with him, and he could be harmonious directly)
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Author: Beauty Zheng Hao
