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Looking at the 52 week range, I suspect it will finally settle back near the $140 mark if the company can resurrect market interest.Dropped another $12 today. Second day in a row. If it drops another $12, it will be back at its 6 month low of $213/share which was the price before Musk bought the Presidency.
Musk owns 412.6 million shares of Tesla, so every $1 drop is $413 million out of his net worth.
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Tesla's latest decline could be one for the history books, JPMorgan analysts say
- About 48% of Tesla's market capitalization was wiped out in a matter of months.
- The decline came amid sagging sales and concerns about leadership, namely its CEO, Elon Musk.
- JPMorgan analysts said they couldn't find "anything analogous in the history of the automotive industry."
JPMorgan analysts cut their price target on Tesla by about 41% from $230.58 to $135, lowering guidance on vehicle deliveries for the first quarter of 2025 to about 355,000 — an 8% year-over-year decrease from the first quarter of 2024.
From December to Wednesday after trading hours, Tesla lost nearly 49% of its market cap, seeing its peak value of $1.54 trillion from the end of last year fall to about $777 billion.
www.rawstory.com
electrek.co
How is the doubling down not exhausting for his groupies? I get tired and dizzy just watching it.Also seems like 1.4 billion US Reichsmarks might be missing from teSSla's balance sheets.
Might also be why some of the insiders are selling off?
A grossly overvalued company with moderate sales seems to also be holding on to some questionable books?
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Tesla (TSLA) accounting raises red flags as report shows $1.4 billion missing [Updated]
Tesla’s (TSLA) accounting practices are raising red flags as a new report from the Financial Times shows that $1.4 billion...electrek.co
Well...I guess Fox viewers just aren't all that interested in snapping up what is basically an horrifically over-valued meme stock.This is so nakedly illegal...but no one even raises an eyebrow any more.
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