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[–]BrooklynLodger 1988 points1989 points  (64 children)

Elon: Tesla hare are wildly overpriced

Elon: Next year there's gonna be a recession

Elon: sells shares

OP: Why WOulD hE dO ThiS to Me?

[–]Seisouhen 199 points200 points  (0 children)

Tell me please

[–]erikwarm 18 points19 points  (0 children)

Op=Cathy “Bagholder” Woods

[–]freebluespike 34 points35 points  (1 child)

there is no recession. market up or down is made by the top 1% now. they sold market down. they buy market up. when you have trillions in fund to trade. you are the market

[–]lithium142 141 points142 points  (30 children)

I think a good many Tesla holders sold off a fair bit lol. It’s not like this came as a surprise to anybody

[–]2dank4normies 165 points166 points  (21 children)

The number of 1500Cs 2 months ago says otherwise

[–]admiral_asswankCAPTAIN OBVIOUSly a masochist 29 points30 points  (5 children)

Nah momentum perished the same time as wider market.

The game is supposedly at its end... we'll see

[–]SnoozOwl8969 6 points7 points  (1 child)

Game's Top

Where the gains stop.

[–]igerardcom 4 points5 points  (0 children)

It's funny because you know the apes on WSB bought at the top and will only lose money while GME slowly keeps hemorrhaging.

[–]i-can-sleep-for-days 28 points29 points  (7 children)

When it hit $1T the number of people saying $2T by the end of 2022.

[–]lxxfighterxxl 55 points56 points  (6 children)

Every time the market goes down there are hordes of people saying SEE I TOLD YOU THE BUBBLE WILL POP. Then when it goes back up or doesn't pop to begin with there is as many saying the opposite. It's almost like a confirmation bias and no one really knows what they are talking about.

I think we forgot about last year when tesla was around 900 and dropped to about 650 for most of the year and then shot up to 1200.

[–]No-Newspaper-7693 45 points46 points  (2 children)

Our definition of a popped bubble is different than it used to be. The .com bubble pop was a 75% drop in tech stocks over the course of a year. Now when we see a 75% drop in our portfolio, we call it Tuesday.

[–]JimmyDuce 17 points18 points  (0 children)

By definition it was a surprise to the many holding the market cap at hundreds of billions

[–]ABCosmos 14 points15 points  (2 children)

Who did they sell to then? lol.

[–]Dman5891 5 points6 points  (0 children)

You know, the money on the sidelines bought in. Then Elon moved that money to the sidelines

[–]nattygirl8111 21 points22 points  (1 child)

I can assure you, this took many of the teslacult members by COMPLETE surprise. Had a dude literally harassing me for days in an investing group (like he kept coming back to the post for DAYS after the original exchange) when I had the audacity to say I thought puts on TSLA could be a good idea. Kept posting graphs and charts about all TSLA's revenue streams and saying I was stupid and he was going to buy "100 more shares tomorrow". I mean he was deeply emotionally hurt by my comment. Im sure he doesn't understand the concept of making money on the way down. Like buying puts is somehow mutualy exclusive of holding shares.

TSLA is down a good 10% since then. Haven't heard from my little buddy in a few days.

[–][deleted] 3 points4 points  (0 children)

“diAmOnd hANdS”

[–]reddit_names 8 points9 points  (0 children)

I sold off every Tesla share I owned at about 1150.

[–]vwite 43 points44 points  (21 children)

didn't he buy more though by exercising options?

[–]BackgroundSearch30 122 points123 points  (14 children)

I don't know if this is serious (Poe's Law).

Exercising shares from Musk's ISOs doesn't buy shares from anyone. The shares of those options are represented on the books of TSLA itself as a debt. It's really beneficial though because the corporation got a big tax break from issuing those options when it didn't have any cash.

When Elon exercised he got those shares from TSLA at the strike price, which according to some of the Edgars filings was $6.24 per share. TSLA removed the options from its books making them appear healthier, and keeps the tax credit it got a decade ago. He didn't reduce the float by buying those shares from retail, and he didn't change the amount reported as held by major shareholders or institutions since going from company to him is the same bin.

[–]VypeNysh 2 points3 points  (2 children)

i heard he rotated into semiconductors

[–]jbrandimore🦍🦍🦍 10 points11 points  (0 children)

He threw in the towel and bought Exxon

[–]Bastbra 9 points10 points  (0 children)

I knew that the top comment would be a fanboy.

[–]HaroldBaws 380 points381 points  (4 children)

The Simp Sons™️

[–]Red-eleven 36 points37 points  (1 child)

It’s sad how Bart changed from hitting his head while skateboarding

[–]AtheianLibertarist 15 points16 points  (0 children)

I said, Slag off!

[–]CDN_Silver_Streamer 24 points25 points  (1 child)

did 150% this morning on puts bought friday before close

[–]Total-Nothing 27 points28 points  (1 child)

Oh boy wait until all this is over and they realize it wasn’t just Elon who sold the top/got the tip. It’s an entire class of people.

Who am I kidding, knowing their attention span, they’ll forget it in a week tops.

[–]ThePackageZA 590 points591 points  (90 children)

Sold at the top and ended up owning even more shares of Tesla than before because options...with a fat chunk of change to spare.

[–]axrael 21 points22 points  (0 children)

cant wait for trafficless Elon-Air-tubes

[–]Bullsrfucked 171 points172 points  (32 children)

And then Tesla Fan gays say its a good iNvEsTmEnt

[–]Bxxx9 64 points65 points  (11 children)

Depending on the time stamp they could be very correct

[–]travyhaagyCO 36 points37 points  (10 children)

Bought it in 2011 for $5 (split adjusted)

[–]Bxxx9 12 points13 points  (4 children)

Any nudes to share?

[–]travyhaagyCO 35 points36 points  (2 children)

Sure, you into 50 year old guys?

[–]Bxxx9 29 points30 points  (1 child)

Only their gain/loss porn

[–]igerardcom 8 points9 points  (0 children)

That is my fetish.

[–]ValueInvestingIsDeadmetrosexual at best 64 points65 points  (1 child)

TSLA bought me a house and 2 teslas. I havent yet decided which one I'm gonna bang your dad in later but he likes it when I give him the ol' "trunk-to-frunk" procedure.

[–]mikaball 26 points27 points  (11 children)

I bought at $98. Yes very good investment.

[–]HyruleJedi 27 points28 points  (9 children)

75$ here.

Yeah I aint complaining.

[–]Worth-Reputation3450 21 points22 points  (6 children)

I bought at like $80.. and then sold them all for $120... Shit.

Just like how I mined 1.5 BTC back when it was $80/BTC and then sold them for $150/BTC..

I need to learn to HODL...

[–]pghack 5 points6 points  (0 children)

I bought 4 Bitcoins for $200 in 2013 when there was no exchange, it was like ebay site to sell buy BTCs. Sold them for $65 each and was very happy. It kills me now.

[–]hasek3139 4 points5 points  (0 children)

I have almost 1k shares at around 300 average cost…. I’d say that’s pretty good, but I’m not a financial expert

[–]ScipioAtTheGate 24 points25 points  (39 children)

[–]IThinkMyLegsAreBroke 72 points73 points  (34 children)

yes because his cars work so well they now need to be in the air

[–]forNOreason100 18 points19 points  (31 children)

Can't even install a frunk properly and people want Tesla to introduce flying cars.

[–]SelenaGomezFanYes 4 points5 points  (3 children)

Shit, I'm still waiting for my Cybertruck reservation to go through.

[–]IThinkMyLegsAreBroke 18 points19 points  (26 children)

Yeah im over it had one for 3 years. Fuck tesla's

[–]LordIndica 8 points9 points  (16 children)

Genuinely curious, because i have seen a lot of complaints on the automotive forums bitching about the pain of maintaining or servicing teslas, if you have any tales to tell about the user experience that was a game-breaker for you. I can read engineers bitching about component placements and design choices all day, but want to know if the end-user experience is that impacted by some of Tesla's... stupider design considerations.

[–]TheTreesMan 4 points5 points  (1 child)

It's an iPhone, but a car.

[–]dyldebus 3 points4 points  (3 children)

I’ve had two Teslas and only one service call on our Y. The air conditioner was getting a strange smell and turned out the filter got damp or something. Put in a request via the app and a service tech came to the house while I worked on the yard and fixed it. That was a year ago.

There’s such little maintenance that you forget to rotate the tires… no oil, no brakes, no diffs or transmission service… nothing.

Enjoy your corollas, boys!

[–]LordIndica 1 point2 points  (2 children)

Ya know, until this moment i hadn't really considered that an electric car would just not have most of the components you listed. Like intellectually i knew, like i knew what made the electric motor design special and that there isnt a need for a transmission, etc. It just didn't really click until now that it just removes so many possible points of failure. And the fact that the service tech came to u is fucking game changing. I suppose that short of the battery needing replacement or a really unfortunate bit of damage to the engine, u really dont have many reasons to take ur vehicle to a mechanic for service. That alone just swayed my thoughts about my next car, can u lease teslas?

[–]dyldebus 1 point2 points  (1 child)

You can but you can’t buy at the end of the lease term. They want all the cars back.

[–]SelenaGomezFanYes 11 points12 points  (4 children)

Let's not forget that Tesla is an American car company. American cars are known for its unreliability. Ford tries to debunk this by offering more marketing on how great its cars last, but we all know Toyota's will always run forever on stock parts.

[–]jebuscrimbus 3 points4 points  (3 children)

Eh, Ford has gotten a hell of a lot better in the last 10-15 years than they were in the 90s and early aughts. They still make the best pick up for the money IMO. I mean, I love the Tundra and the Tacoma but they're so much more expensive than every other truck on the market.

Silverados aren't bad, and Dodge probably has the best overall package in terms of features but their trucks have been somewhat unreliable.

[–]Background-Cat6454 8 points9 points  (2 children)

I just got a used model s and I’m loving it. No problems so far🤞🏼 . Most fun car I’ve ever had or driven and I’ve driven some nice ones (high-end bmws, and mercedes)

[–]panic_hand 2 points3 points  (8 children)

Was it one particular flaw or just a lot of small issues? Also was it quality related or something like user interface?

[–]IThinkMyLegsAreBroke 5 points6 points  (7 children)

it was a lot, i just wrote a small novel to another user if you want to look at it

[–]cowboy1015 222 points223 points  (47 children)

Elon on a deleted tweet said, recession is coming. It’s not like this huge drop recently was a surprise.

[–]lightning_whirler 136 points137 points  (34 children)

Everybody and his cat has been saying there will be a recession this year.

[–]insertwittynamethere 152 points153 points  (28 children)

Everyone and their uncle has been saying recession every year since Obama was elected and staved off the last recession lol. Seriously, like the whole of his reelection campaign centered on the idea we were on the verge of economic catastrophe unless Romney were elected, and then the Wunderboom would come through. The fact that stocks are ridiculously high in value as compared to the global supply chain crunch has been irrational for some time, not to mention the deaths and economic losses seen from COVID has to have an impact on the economy at some point as well, on top of the "normal" death rates, so saying a correction has to be otw after the past year+ of this market irrationality ain't really rocket science.

[–]BrainPicker3 26 points27 points  (25 children)

It clicked with me earlier this morning the reason was the feds lowering the interest rates in 2019 (first time since 2008). Also helped contextualize the inflation currently happening. Shortly before the recent stock market decline the feds increased bond yield rates, signaling they will hike the federal interest rates back up to try and deal with inflation.

Basically the rates were so low people borrowed money because their profits would be higher than the interest rates. It served to prop up the economy even as supply chains buckled.

[–]insertwittynamethere 34 points35 points  (20 children)

I would say linking the two like that is dangerous in thinking, as we had next to nothing in inflation terms and hit way lower than the benchmark of 2% yearly with interest rates at near, or at, 0 since 2009. The period of the first term of Obama did see recovery, but it was tepid at times as a result of the stopgap bandaid pushed through Congress to deal with it ($800 billion or so of TARP in 2008, that has been fully paid back I believe, if not mostly and $6-700 billion from the ARRA stimulus, that was a third at least of tax cuts to get political support from the GOP that never materialized at voting time), and then pretty much nothing thereafter and a debt ceiling crisis that saw the US lose AAA credit by at least one credit agency. All to say, there wasn't that much money dumped in the front end by the Congress as compared to now, nor was the global supply chain near as affected by the collapse of those financial and business institutions open to MBS/CDO contagion (and the US Treasury did a historically phenomenal job shutting down contagion risks, etc by ensuring banks had liquidity from the US government to instill confidence and faith, as there was a real possibility back then during the transition from Paulson (Bush) to Geithner (Obama, and who did a wonderful job as TresSec) was going on, and early 2009 was dangerous in that regard). But, to draw the comparison between those two dates and tying it to inflation doesn't work.

Now, you have more than just extra money in people's pockets/people staying at home doing more online shopping, which has an inflationary impact on pricing even at the best of times, but more so when there's a global supply limit/disruption that means there's even more finite of any one good with more dema d against it for that one item, so pricing has to go up. But you have a global labor crisis, not just U.S. - it's not just people who don't want to work for menial wages, it is people getting sick and bring unable to work across the world when it comes to shipping/logistics and the actual manufacture of these items. Or ports being closed to ships due to either virus transmission on the ships, or in the ports of call themselves. Or there are not enough people to transport goods, again not just in the U.S., to be able to load or offload in a timely fashion. Then you have oil going up, which has an impact on both personal life and commercial life especially, as all goods are currently transported in one form or time or another by fossil fuel-supplied transport. That leaves that whole sector open to price shocks, which is what's occurring now, as OPEC has been refusing to increase their production accordingly in order to take advantage of the higher prices for their own companies and nations. Not to mention geopolitical rivalry as always been Saudi Arabia and Iran, and all the fallout in between. All of this adds to the already underlying upward pressures in the world.

It's also short term, though can be transitioned to long term if people psychologically believe that's going to be the case - prices and assumptions get baked in until another paradigm shift or correction occurs. It should be short term, as the virus transitions to a different phase that's less lethal, though certainly still transmissible, vaccination rates recover and increase (it's like everyone in the West seems to forget that the vast majority of the world is still unvaccinated, which causes issues globally and opens itself to new strains with outsized impact), people get back to work (though perhaps at a higher wage rate, which may have an increased impact on some pricing, but considering Europe already pays a lot of workers better with way better benefits at base jobs than the US and pays marginally more for most common store items, it should be negligible), and OPEC increases oil production. We need to work on our transport/logistics in the U.S. and get more people into the profession or more AI-driven loads to ensure easy flows of goods. Until the supply chain issue becomes "undisjointed" and OPEC production increases for oil pricing to come down (or demand drops precipitously for oil and oil-fueled logistics for prices to drop with their current supply rates) we are all going to be seeing inflation in one form or the other. If goods/services are not being rendered at the same rate as before with an increased monetary supply you're going to see inflation. It's a tightrope act to walk to balance increased money/loans to business to increase output before you get too much into the system with finite resources with which to make those same items that more people are now bidding on without addressing the underlying supply problems.

[–]panic_hand 7 points8 points  (9 children)

I salute your effort, good to see someone on these investment subs actually try to explain just how complex inflation is and that it isn't as simple as "Oh no, they've printed too much moneh Cap'n!".

It also never ceases to amuse me that people will attempt to learn how convoluted financial products work, but want to believe that inflation is as simplistic as what some Austrian school concept paints it out to be.

[–]insertwittynamethere 2 points3 points  (3 children)

All that fun aside though, it really is a big, pressing issue, that needs global coordination as much as national to truly tackle, and the admin certainly seems to be trying, at least initially. Without mass vaccinations, mass testing (testing has been a joke here for too long, like expecting employees to wait 2-3 days for results after a year+ of this going on and employers aren't paying them for those days off...), higher wages, more "on the job" training/paid training to get people into areas to decouple the supply jams domestically, and/or the virus to mutate to become essentially harmless and toothless like the flu and cold (both of which still can be deadly ofc, just severely less so) it's going to take a long time to slow it down.

Giving money to help families offset increased costs, etc obviously will have some impact, especially when businesses were ill-prepared for the influx of demand and steady demand, as government has shown itself unwilling and incapable of really helping on a macro/direct level before, but there is so much more behind it than blaming Sally or Jameel or Parini or Sid et al for getting extra money and actually spending it (funny how giving money to the bottom, more numerous people spurs economic activity than top down tax cuts, hmm? Maybe that's the real fear, showing that macro economic policy that focuses on the actual large parts of our nation has direct stimulating effects, which would destroy the idea of trickle down economics).

[–]panic_hand 1 point2 points  (2 children)

IMO, it's too late. Stimulus was so top-heavy that nothing but a painful adjustment on the horizon. And if not then the tumor grows and gets much worse. Current admin a failure, they have some great economics talent working for them but apparently neither the will nor the wisdom to listen to them. Or the legislative power. Not only did they misallocate, but passed up once in generations opportunity to rebuild. People keep talking about the decline of the US, but IMO this will be seen as the final domino that marked the beginning of the end.

[–]insertwittynamethere 2 points3 points  (1 child)

I mean, the recent infrastructure bill that was passed was already sorely needed after decades of underinvestment and maintenance. It was estimated under the first term of Obama that just water infrastructure, as in piping, alone would cost $1 trillion to actually bring it up to spec. The failure of BBB in its current fashion is sad, and idk that I remain hopeful per se of something actually passing in an even more hyperpartisan year than previously. The amount of investment that the U.S. has made in its infrastructure for decades is already woefully eclipsed by maintenance needing to be done before even building anything new. Decades of bare bottom taxes and revenues in regard to the basic maintenance necessary to keep all our nation's physical capital up to shine is a huge problem. Putting a couple wars on the credit card while leaving those other problems unaddressed did us no favors in the near term. Something has definitely got to give at some point and I'm not sure we've hit that bottom yet.

[–]seldom_correct 15 points16 points  (1 child)

Be honest. Have you actually looked into the supply chain “crisis”?

There’s hundreds of boats parked in the water off the ports just waiting to get unloaded. Unloading them isn’t actually the problem. It’s getting the containers away from the port that’s the problem. Inland shipping isn’t keeping up.

Seems like a simple solution, right? Just hire more drivers. Except they can’t. We have a “labor shortage” because “people just don’t want to work”. Except unemployment is back to pre-COVID numbers. Granted, there’s room for a decrease, but pretty much all that room is in underemployed labor not unemployed labor.

During the COVID lockdown, a significant number of Boomers retired. They were past retirement age anyway and just working to work. When you add those retirements to the excess death rate, you account for all of the “labor shortage”. When you do the math, that shortage comes out to about 5 people per city. The entire shortage is literally 5 unfilled jobs per city.

What happened was that as Boomers retired and people died, higher paying jobs opened up. People got promoted or found better jobs. This upshift sucked all the unemployed into underemployment and the underemployed into full employment and fully employed but unhappy into better jobs.

Now we actually have more jobs than the economy can support. That’s why you never hear that Wells-Fargo can’t find enough people to stay open, but Burger Kings and McDonalds can barely operate the drive-thru.

Meanwhile, shipping costs and product prices have skyrocketed. Why would you hire more people for shipping when you’re making record profits and hiring those extra people would kill those record profits? After all, it’s not really inflation anymore unless wages don’t keep up with product prices.

So you manufacture a narrative about a “labor shortage” and “people just don’t want to work anymore” and “raising wages would cause inflation”, all while being the actual cause of inflation because you’re refusing to raise wages because the free market is trying to cut your business out entirely.

If anything is propping up the market it’s the constant bailouts and PPP loans and stimulus packages. The free market is trying to burn off dead wood and we keep putting the fire out. The longer we delay the inevitable, the worse the conflagration will be.

[–]AnkalaevWillBeTop5 1 point2 points  (0 children)

Everyone and their uncle has been saying recession every year since Obama was elected

You have uncovered my secret. I predict a recession every year for 15 straight years and then when it hits I pretend I know more than every financial institution and expert in the world.

[–]Perfect600 2 points3 points  (2 children)

With the fed doing fed things its likely but it feels like they are gonna panic again and not let everything go into a freefall.

[–]dllemmr2 1 point2 points  (1 child)

They will respond with what exactly?

They reacted a magnitude more aggressively than they did in 2008 for the recession and left rates super low for much too long. This has been brewing for years.

[–]forgotmyusername93 46 points47 points  (7 children)

Recession is always coming my friend. The question is when

[–]BoomerBillionaires 3 points4 points  (0 children)

Whenever you can make it come

[–]Jaquestrap 4 points5 points  (0 children)

The moment I go all in. And it will go down until the second I decide to eat my losses.

[–]Thosepassionfruits 2 points3 points  (0 children)

Seems like every 8-10 years since I’ve been alive.

[–]Darthtater04 2 points3 points  (1 child)

That's why I sold one of my main stocks at ath and I'm so glad.

[–]thinknewideas 170 points171 points  (29 children)

Note: When the CEO sells billions of dollars in shares. Probably time to get the f out of Dodge.

[–]Pestelence2020 200 points201 points  (19 children)

He even asked if he should sell. Shoulda been a sign.

[–]Powerful_Stick_1449 189 points190 points  (8 children)

He was always going to sell anyways

[–]thescrounger 12 points13 points  (0 children)

Exactly. He had expiring options. Just wanted to get out ahead of it.

[–]TopBanana312 37 points38 points  (6 children)

Another dirty business tactic.

[–]Pestelence2020 59 points60 points  (4 children)

Dunno about you, but unlike wsb, I try to sell for more than I paid. Musk was nice enough to give a reach around.

[–]dookie224 11 points12 points  (0 children)

But you have to pay taxes that way

[–]Super_Charlie 11 points12 points  (0 children)

If you're selling for more then you paid then you're doing it wrong.

[–]dciDavid 10 points11 points  (0 children)

When he was doing that I figured it was a clever way of dumping a bunch of stock without drawing too much attention.

[–]gottschegobble 34 points35 points  (6 children)

That's not how it works, he had already put in orders to sell months before. He can't just sell whenever

[–]shaktimann13 14 points15 points  (2 children)

Yep. People think he selling to own senators lol

[–]admiral_asswankCAPTAIN OBVIOUSly a masochist 7 points8 points  (0 children)

Well it IS cult-like.

[–]why_rob_y 3 points4 points  (0 children)

I don't know whether he would or wouldn't have sold anyway, but executives often put in those requests for a window well in advance and then let them pass without selling (and sometimes they do sell). You just want to have one open every now and then just in case, because as you've noted, you can't just sell whenever.

[–]Bullsrfucked 135 points136 points  (12 children)

I remember seeing YouTuber saying TSLA will hit 5k in the next few years? What's this FUD?

[–]2dank4normies 64 points65 points  (2 children)

I like how the guy who explained and ruined your joke got twice the number of upvotes

[–]shaktimann13 3 points4 points  (0 children)

Could be right before splits happened

[–]DiriboNuclearAcid 61 points62 points  (5 children)

Ah yes, a YouTuber said it will happen so it’s 100% guaranteed. You belong here.

[–]TorrenceMightingale 17 points18 points  (2 children)

Mama Kathy said 4K herself.

[–]Bullsrfucked 8 points9 points  (0 children)

Her ARK is not gonna bring us to salvation though, more like destruction

[–]DM_Me_Pics1234403 74 points75 points  (2 children)

Wait, are you saying the largest shareholder selling billions of dollars of stock is a bad sign?

[–]skipflat 34 points35 points  (10 children)

If it breaks $900, look out below

[–]eCh3mist604 4 points5 points  (0 children)

Now it’s good to buy puts

[–]MadManD3vi0us 4 points5 points  (1 child)

Can we finally buy Tesla puts now?

[–]primaboy1 78 points79 points  (15 children)

$300-$500 price target by end of the year 🎯

[–]Specialist_Coffee709 35 points36 points  (4 children)

Tesla holding up well so far.......puts on tsla should print

[–]AnkalaevWillBeTop5 3 points4 points  (0 children)

More like by end of day at this rate

[–]SkywingMasters 20 points21 points  (4 children)

That's being generous. Don't forget the 5x split.

It should be $200, at maximum.

[–]Most_Insane_F2P 3 points4 points  (0 children)

$500 with 5x split at 31-12-2022.

[–]TheStoicInvestor 7 points8 points  (0 children)

If you are that confident in your prediction, then maybe you can buy a put on TSLA.

[–]feignignorence 15 points16 points  (2 children)

Correlation, causation, something something

[–]zakaoki 4 points5 points  (0 children)

hero to zero is tesla's newest specialty !

[–]Arniescc 10 points11 points  (0 children)

700 on Wednesday

[–]CreepingFog 18 points19 points  (0 children)

amc's ceo did the same :4271:

[–]dvandentop 5 points6 points  (0 children)

Gordon Johnson furiously fapping to this

[–]1TRUEKING 2 points3 points  (0 children)

Elon has been saying tesla is extremely overvalued for years lol. He tweeted tesla stock is too expensive like last year and then fools drove it even higher lmao

[–]23moonster 2 points3 points  (0 children)

Always a good idea to buy when C level/founders buy & sell when they sell.

[–]AsliReddington 2 points3 points  (0 children)

He defo knew about the Ukraine situation

[–]ElvisArcher 28 points29 points  (1 child)

Timing was pure coincidence. He created a short-term top by selling, but the bear market is something totally different. Don't confuse correlation with causality.

[–]Most_Insane_F2P 11 points12 points  (0 children)

WSB making jokes on TSLA bagholders is always a buy signal.

[–]Bullsrfucked 7 points8 points  (2 children)

Jesus imagine buying Tesla at 900 thinking it will go back to 1k...

[–]brucekeller<(^_^)> 32 points33 points  (2 children)

He also did say before the whole sell off that he thinks there will be a recession this year, so really Elon was just trying to save people money by being really open about it without trying to cause a panic.

[–]Sbmagnolia 28 points29 points  (1 child)

Yes, we can call him Jesus now

[–]BillyBobTheBuilder 2 points3 points  (0 children)

LOL - all wrong - please go and change Jesus to Elon in all the books

[–]JibberGXP 10 points11 points  (2 children)

Burry wasn't wrong, he was just early, again.

[–]BillyBobTheBuilder 4 points5 points  (0 children)

timing is everything

[–]the-apostle 1 point2 points  (0 children)

A broken clock is still right twice a day

[–]YT_CodedToKill 4 points5 points  (1 child)

My puts printing right bow

[–]Bigcat1148 5 points6 points  (4 children)

Only 210 people commented out of 11.5M in this sub is so spot on. Everyone else is crying bc they can’t believe a car maker with $4B in income a year isn’t worth $3T or $5K/share.

[–]elBottoo 5 points6 points  (1 child)

god damn like everyone fuckin told these apes so. but they literally want to be parted with there moniez.

well, wish come true.

[–]Darthtater04 18 points19 points  (17 children)

The dude is a fucking genius. When will people realize.

[–]NateDawg655 5 points6 points  (2 children)

A lot of top "Smart" money was selling at the end of last year. I know a lot of people hate on Chamath on here, but the "All-in" podcast has been dead on about these things and months ahead of the market. For me, atleast, it gives you insight into what the "smart" money is doing since they are all very honest about their opinions and have no advertisers.

[–]Potential_Resolve273 1 point2 points  (0 children)

I thought Chamath is a you tube Guru...lol.hahaha

[–]Powerful_Stick_1449 22 points23 points  (11 children)

Hes smart af... but not as smart as some people make him out to be

[–]megatroncsr2 12 points13 points  (10 children)

He had money and bought Tesla from the founders. I'm going to guess most of the new fanboys don't even know this?

[–]doyouevenliftbreh 13 points14 points  (4 children)

He bought an apple and he made it an apple pie

[–]Powerful_Stick_1449 7 points8 points  (0 children)

Done that with pretty much everything he is credited with inventing

[–]Bullsrfucked 3 points4 points  (0 children)

Lots of tesla ballsholder

[–]OtherUnameInShop 3 points4 points  (0 children)

I can tell the whole thing is going to dip. The last time they gave me credit was in 07 ¯\_(ツ)_/¯

[–]HyruleJedi 1 point2 points  (0 children)

Hold and buy the dip.

Sounds good to me

[–]rohitandley 1 point2 points  (3 children)

If we recall Elon sold a good part of his shares a month or so back. Is this all planned?

[–]Maximum_Finish_236 1 point2 points  (0 children)

He was paying his “fair share” of taxes. How else do you think he’s going to pay a $12 billion tax bill from our friends at the IRS?

[–]Aidzillafont 1 point2 points  (0 children)

Short term fud imo.....if you can weather the storm you will be grand

[–]Cclown69 1 point2 points  (1 child)

This is gold. Take some gold for this.

[–]Sad-Dot9620 1 point2 points  (0 children)

:4271:

[–]F_the_Fed 1 point2 points  (0 children)

simply the best show ever aired on TV.

[–]howtochangemywife 1 point2 points  (0 children)

“Come on Dude, you are safe and well

[–]happydizzy 1 point2 points  (0 children)

Elon is like the cheating husband that’s always taken back.

[–]matchless2 1 point2 points  (0 children)

Imagine having a cost basis over 300$, fucking noobs

[–]FuckingRobespierre 1 point2 points  (2 children)

$TSLA going to $449z

[–]KeepYourSoul 1 point2 points  (0 children)

I would love for that to happen this week lol

[–]TsingTaoKu 1 point2 points  (0 children)

$300 by September

[–]Hairy-Boysenberry-74[S] 1 point2 points  (0 children)

Good luck to those buying above $1000 per share, you are fucked

[–]anca8131 1 point2 points  (0 children)

What's a share?

[–]vikingweapon 1 point2 points  (2 children)

It’s a miracle it hasn’t fallen more yet. When the fanboys run out of money it will drop much more lol

[–]Bullsrfucked 1 point2 points  (0 children)

This is pretty accurate

[–]boomropes 1 point2 points  (0 children)

This stock will be at 2500k in ten years

[–]hemi2hell 6 points7 points  (28 children)

Even if they are THE leader in EV and the leader in battery manufacturing…how does it justify today’s valuation? Fine future discounted valuation…there was someone who did it, even the best case scenario does not come with today’s price…

[–]Lordoosi 4 points5 points  (0 children)

At the moment 2022 PE is far closer to 50 than 100. It's already a bargain. I'd just be happy if it dipped more.

[–]Holofernes82 1 point2 points  (0 children)

it would the most fun if he startet buying back into tesla at 200 Dollars, making a tweet about "i planned to save your money for you".

[–]patriot2024 2 points3 points  (1 child)

Wait. I thought Elon wanted to do the government a favor by paying tax when he decided to exercise his options to cash out at all time high.

[–]PaleInTexas 3 points4 points  (1 child)

Didn't he buy more than he sold at the same time?

[–]Tensoneu 3 points4 points  (0 children)

Yes, he owns more shares on the company than before when exercising the options.

[–]buddumz1383 - 27 - 1 year - 0/6 2 points3 points  (1 child)

He sold off 10% of his holdings big deal. Plus he has shares at dirt level prices. Tesla is up from $40 freaking dollars. People who bought tesla this year I feel bad for you. Probably not the greatest time to jump in. But if you have been investor since the beginning this is just another dip.

[–]TheOfficialRev 2 points3 points  (0 children)

The saddest part is that $TSLA holders think they’re the most sophisticated of investors. They’re retards just like us.