Tesla shares on the sell as a plethora of legal issues face the electrical car company. Musk continues to use the Tesla share price in collateral for the Twitter mess.
Chart 1
Chart 2
As noted in my November 06, 2022 post re: Tesla shares being dumped en masse in light of Elon Musk losing control of the Twitter acquisition. The share price has breached the $200 support and is now trading at sub $190 per share, refer to the trade 2022-11-04 set at $205 and closing at $195 (2022-11-07). This is partly due to Musk using Tesla as a default collateral to cover Twitter shortfalls, as he struggles to define revenue for the now private social media company. Massive staff cuts and of course removing the entire Human Rights team at Twitter which monitors 'hate speech" for his 'free speech' paleolibertarian Twitter template. The other issue/s are the many legal issues facing Tesla, the most recent being a preliminary investigation into a Tesla car in China apparently out of control, killing two people, attributed to a malfunction in the car's software.Chart 2. Self explanatory.
Comments
Post a Comment