It looks like Elon Musk is going ahead with the Twitter Deal this Friday. On Wednesday he arrived at Twitter's San Francisco head office and tweeted a 9 second video of himself smiling and carrying a porcelain sink into the building.
Elon Musk also changed his profile on Twitter by describing himself as "Chief Twit" and marking his location as "Twitter HQ".
The Big Question on Tesla investors mind now is "Will Elon Musk sell more Tesla's shares to fund his Twitter acquisition?" More importantly how will he run Tesla now that his time is going to be split between Tesla, Space X and Twitter? It may be a case of "Jack of all trades, Master of none".
Tesla's share price has been very volatile lately. In the past 5 days it rose 7.92% but is down 20.61% in the past month alone. It is down a staggering 43.83% year to date.
Will it touch 200? I believe that it may as the markets are also on a roller coaster ride. November 2 is the FOMC meeting when the markets are waiting anxiously to know the verdict on the latest rise in interest rate and the Feds stance on when they will stop their aggressive stance on quelling high inflation.
Tesla has also announced that it has started to cut prices for its Model 3 and Model Y cars by as much as 9% in China. This is a U turn reversal of increasing prices amid softening demand in China.
Let's hope Elon Musk will get his priorities iright and concentrate on putting Tesla as his Number 1 priority. Only then can Tesla continue its pole position as Number 1 Most Valuable Auto maker in the world. Then there is his recent goal of making Tesla's market capitalisation worth USD 4.4 Trillion which is Apple and Aramco combined.
Time will tell whether Elon Musk can realise that dream and I will certainly cheer him if he does. For now, Elon Musk needs to get his priorities right and focus more on Tesla.
@Tiger_chat@CaptainTiger@MillionaireTiger@TigerStars
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