Simply can't understand his action as Tesla still have thousands of backlog orders to fulfill. Cutting down on staff at this critical period. Buying Twitter make no sense either. With his wealth, he can simply put up a few hundreds millions to startup a social media platform instead of digging to his own wealth to buy an overpriced platform.
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The mentioned "Permit" in Singapore is call the COE (Certificate Of Entitlement) where ranges from S$81,000 (goods vehicles) to S$114,000 (large/luxury vehicle) an individual or company have the right to own a vehicle for 10yrs. Afterwhich the owner can either export, scrap or renew with another 5yrs/10yrs based on thefuture pricing of the COE. So most vehicles Are reasonably less than 10yrs old with a small fraction of >10yrs old. Tesla Model Y RWD base price >S$142,000 excl. COE & others taxes (reg. fee etc.) which make it a grand total of >S$250,000 (incl. COE at S$113,000) on-the-road. One can work the math for a AWD Model Y with base price of >S$190,000
It will only be bad news if the final verdict concludes that Tesla had to compensate all the ex-employees (layoffs recently) that filed the class-action lawsuit. The amount will be a hughones.
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With such an announcement, it will highly made the share prices of both Twitter & Tesla to dive a little longer but a shallow one. Ot up to every retail investor to judge what is the reasonable price to buy. I always believed is that what went down will eventually raise again. It a matter of time.
Tesla stocks are not for the weak hearted investors as it can surged upwards quickly while within the next couple of mins, it can also freefall. Best is buy at your comfortable price & hold for this period of time. Whatever go down will eventually raised.
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