Tesla begins a jagged and interrupted decline!

$Tesla Motors(TSLA)$ Tesla was no longer about getting better at making high-quality electric vehicles for which there was strong demand. For Mr. Musk, incentivized by his pay package, it became about a stock price that must go up.

After 2018, Mr. Musk went all in. He made noise, particularly on Twitter. He still overpromised, but he no longer overdelivered; instead he jumped from moonshot theme to moonshot theme to boost the meme-stock association of Tesla.

Humanoid robots! Cybertrucks! Fleets of Tesla robotaxis! An artificial intelligence supercomputer whose brain would be all the idle Teslas in the world, networked!

And the share price did zoom, making him the richest man on earth, from about $20, give or take, around 2018 to over $400 in late 2021 before beginning a jagged and often interrupted decline to its still lofty $174.

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