Tesla Stock Price Reaches 'Death Cross' Status

Good. Fuck elon and his shitty toy cars.

He doesn’t care. He wants it to tank because then he can buy it out and go fully private again.

That’s not how any of this works.

If the stock really tanks (I’ve heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.

wouldn’t surprise me if he gets bailed out with tax money

That’s great, now you get to deliver the finishing blow

If I’m not mistaken the overwhelming majority of elons wealth is in company stock (including his other companies, not just Tesla)

It might need to fall pretty damn low for him to be able to afford all outstanding shares.

Except, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.

I would like to remind everyone, as people seem to keep forgetting, Tesla means nothing to Elon. It could go to zero and it wouldn’t affect him.

Twitter, or X, means nothing to Elon. It could collapse and shut down and it wouldn’t affect him.

SpaceX is his baby. Nothing even comes close. Starlink alone guarantees he will always be one of the richest men in the world.

That’s a testable hypothesis: burn Tesla, Twitter, SpaceX etc to the ground. We can measure his reaction to each, and compare.

Isn’t this a ponzi sceme? He uses his starlink as his SpaceX customer. Without Starlink, SpaceX would be a lot less profitable.

Which is probably why he wants to hollow out NASA and have SpaceX take their place.

I swear this was the plot of a Dan Brown novel.

It could go to zero and it wouldn’t affect him.

He leveraged his Tesla stock to buy Twitter. If the stock drops below a certain price, the banks will confiscate the stock. If it’s not enough to cover, they’ll confiscate Twitter.

But maybe I’m wrong. I would love to find out either way.

That’s why he “sold” Twitter to xAI. It’s no longer “his”, so he can’t be forced to sell it. Loopholes within loopholes, it’s the billionaire way.

I hear what you are saying, but I still like to see Nazis hurt.

Let’s make Tesla a penny stock.

Not exactly I’m pretty sure he’s using his stocks as collateral for lots of stuff.

He’s a huge buy, borrow, die financial strategy guy.

Tesla means nothing to Elon.

Then why did he ask Trump to shill Teslas for him? He definitely cares, for narcissistic ego reasons if not financial ones.

No, he cares for Twitter.

SpaceX lets him pretend he’s some great tech genius, but Twitter is what gives him the validation he craves. All the pro-Elon bots and stans there who fellate him feed his narcissistic desire to be loved.

That’s why he “sold” Twitter to xAI. So if Tesla does tank hard enough and he gets margin called, he can’t be forced to sell Twitter to cover it.

If Elon is such a genius, let’s see him stream Kerbal Space Program. I would love to see him get to Mun and back.

Now this is a stream I would enjoy watching. I have the KSP platinum on PS4, I know exactly how difficult this is.

In fact, since it’s his big fantasy, let’s see a Duna return trip.

Given his track record with real rockets and real rocket scientists, I would consider it a win for him to make it off the launchpad and back in one piece. 😂

he can’t be forced to sell Twitter to cover it

realistically, if that were to happen, any other company interested in an acquisition would have valued it pennies on the dollar

Yup, this is why we need to either nationalize Starlink or just shut it down completely. This isn’t something a single private company should have control of.

That’s fine, let’s still take down Tesla for good measure

One at a time. Patience is a virtue

The S&P 500 and Nasdaq 100 both showed it as well on Monday, as the indexes continue to fluctuate in wild and somewhat unpredictable ways

Clickbait nonsense. The market as a whole is falling and these publications choose to instead write articles about each individual stock that generates headlines. TSLA stock is still up 7% for the month and a whopping 57% for the last year.

This is a most excellent place for technology news and articles.

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Tesla Stock Price Reaches 'Death Cross' Status(gizmodo.com)

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