Don’t let anyone fool you that

2023-11-27

Don’t let anyone fool you that $TSLA stock has done well since Elon announced he would acquire Twitter in April 2022. $TSLA has been by far the worst performer of the Mag 7 since then, dropping from $328 to its current level of $235 (TSLA -28% vs NDX +15%; $AMZN next worst -3%). One has to measure performance from when Elon announced he was buying Twitter (4/14/2022) because he started selling TSLA shares soon thereafter ($15B of sales between April-Aug 2022; $23B in total sales during 2022).

One can’t compare $TSLA to other EV stocks because none of them make money and most are headed toward bankruptcy. In addition to the Twitter purchase, $TSLA stock has also been hurt by TSLA mgmt’s decision to cut EV prices by an avg -18% YoY, which has generated almost no change in volume griwtj (2023 TSLA vol est still 1.8M, unch’d from before the price cuts), and caused 2024 earnings estimates to collapse by -43% YoY. $特斯拉(TSLA)$

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One has to measure performance from when Elon announced he was buying Twitter (4/14/2022) because he started selling TSLA shares soon thereafter ($15B of sales between April-Aug 2022; $23B in total sales during 2022). One can’t compare $TSLA to other EV stocks because none of them make money and most are headed toward bankruptcy. In addition to the Twitter purchase, $TSLA stock has also been hurt by TSLA mgmt’s decision to cut EV prices by an avg -18% YoY, which has generated almost no change in volume griwtj (2023 TSLA vol est still 1.8M, unch’d from before the price cuts), and caused 2024 earnings estimates to collapse by -43% YoY. <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"特斯拉\" href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$</a> <v-v data-views=\"0\"></v-v><img src=\"https://community-static.tradeup.com/news/83ed4cf4038f3ccd17e43f5d46427235\" tg-width=\"945\" tg-height=\"2048\"><img src=\"https://community-static.tradeup.com/news/c3cae70a6d8e83e794f44d3187edbd63\" tg-width=\"1151\" tg-height=\"616\"></body></html>","htmlText":"<html><head></head><body>Don’t let anyone fool you that $TSLA stock has done well since Elon announced he would acquire Twitter in April 2022. $TSLA has been by far the worst performer of the Mag 7 since then, dropping from $328 to its current level of $235 (TSLA -28% vs NDX +15%; $AMZN next worst -3%). One has to measure performance from when Elon announced he was buying Twitter (4/14/2022) because he started selling TSLA shares soon thereafter ($15B of sales between April-Aug 2022; $23B in total sales during 2022). One can’t compare $TSLA to other EV stocks because none of them make money and most are headed toward bankruptcy. In addition to the Twitter purchase, $TSLA stock has also been hurt by TSLA mgmt’s decision to cut EV prices by an avg -18% YoY, which has generated almost no change in volume griwtj (2023 TSLA vol est still 1.8M, unch’d from before the price cuts), and caused 2024 earnings estimates to collapse by -43% YoY. <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"特斯拉\" href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$</a> <v-v data-views=\"0\"></v-v><img src=\"https://community-static.tradeup.com/news/83ed4cf4038f3ccd17e43f5d46427235\" tg-width=\"945\" tg-height=\"2048\"><img src=\"https://community-static.tradeup.com/news/c3cae70a6d8e83e794f44d3187edbd63\" tg-width=\"1151\" tg-height=\"616\"></body></html>","text":"Don’t let anyone fool you that $TSLA stock has done well since Elon announced he would acquire Twitter in April 2022. $TSLA has been by far the worst performer of the Mag 7 since then, dropping from $328 to its current level of $235 (TSLA -28% vs NDX +15%; $AMZN next worst -3%). One has to measure performance from when Elon announced he was buying Twitter (4/14/2022) because he started selling TSLA shares soon thereafter ($15B of sales between April-Aug 2022; $23B in total sales during 2022). One can’t compare $TSLA to other EV stocks because none of them make money and most are headed toward bankruptcy. In addition to the Twitter purchase, $TSLA stock has also been hurt by TSLA mgmt’s decision to cut EV prices by an avg -18% YoY, which has generated almost no change in volume griwtj (2023 TSLA vol est still 1.8M, unch’d from before the price cuts), and caused 2024 earnings estimates to collapse by -43% YoY. $特斯拉(TSLA)$","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/245928134541432","repostId":0,"isVote":1,"tweetType":1,"viewCount":1939,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":773,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/245928134541432"}