Telsa has been dropping since musk's takeover of twitter. I wonder what analyst Cathy Wood has to

[JohnSJ]

say now?

https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch

[mahatmakanejeeves]

1. It's hard to believe that there's a fund manager I've done better than, but ... NT

https://en.wikipedia.org/wiki/Cathie_Wood

In 1977, via her mentor Arthur Laffer, Wood got a job as an assistant economist at Capital Group, where she worked for three years. In 1980, she moved to New York City to take a job at Jennison Associates as chief economist, analyst, portfolio manager and managing director. She worked there for 18 years. In the early 1980s, she debated Henry Kaufman on why she believed interest rates had peaked.

{snip}

As of May, 2022, Wood's flagship fund, Ark Innovation, trails the S&P 500 for the trailing five years. The fund has dropped in value by more than 70% from last year's peak.

[republianmushroom]

2. Oh well, darn darn

[TheBlackAdder]

13. He's coming out with a new line, just for MAGAts. The RC-Type

.

Rollin' Coal




.

[former9thward]

3. Tesla is slipping because the market is concerned Musk will have to sell his Tesla stock.

Because of Twitter troubles. Musk selling Tesla stock would dilute the value of the stock. That said Tesla still has a market cap 10 times that of either Ford or GM.

[IbogaProject]

5. Also interest rate hikes

Those affect the cost of capital. Car financing and any Corp loans will be more expensive now. And Tesla stock has to compete w fixed rate stuff like bonds.

[genxlib]

6. That is insane.

Hadn't really paid that close of attention to the stock side of the auto industry but that is crazy that Tesla is deemed to be worth 10x what Ford is worth. Despite making five times fewer cars.

I think Musk selling the stock is only one of the reasons it is going down. It would seem that the idea of pissing off your customer pool would be bad business as well.

[ProfessorGAC]

8. Nice Cherry Picking

Convenient that you neglected that profitability is half.
Of course that would require actual analysis.

[former9thward]

10. Nice cherry picking you did.

The electric car divisions of Ford and GM are losing money. Other EV Car companies other than Tesla are losing money.
Of course that would require actual analysis.

[ProfessorGAC]

11. Unbrillant

You're out of your depth here.

[former9thward]

12. Outstanding analysis....

[Norbert]

4. The stock has lost 58% of its value in a years time

As of 2:45pm EST.

I doubt if a buy low, sell high strategy is wise in this case.

[sarcasmo]

7. The Tesla stock Musk owns will be used to pay lenders back from the Twitter fiasco.

[LetMyPeopleVote]

9. Musk has lost $7.3 Billion on his 155M shares of TSLA. Banks will be calling for more collateral

Link to tweet