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Elon and Tesla raking in a lot of chicken feed

Posted on 1/27/23 at 8:04 am
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
54226 posts
Posted on 1/27/23 at 8:04 am
Almost $12 billion in the last seven days.

quote:

Elon Musk added another $11.98 billion to his bank account over the last week, as tracked by the Dow Jones Market Data Group.

The most recent filings show Musk holds 423,622,000 shares in Tesla worth $53.87 billion as of close of trading on Jan.19. The total value of those holdings jumped to $67.89 billion based on Thursday’s closing price.

The weekly total doesn’t account for Musk’s other assets and liabilities as CEO of SpaceX and Twitter, founder of The Boring Company, and co-founder of Neuralink and OpenAI. Forbes lists Musk’s overall worth at $168.7 billion.

Tesla is up nearly 25% over the past five days and up 48% since the start of the year. The stock remains the Nasdaq 100's best performer, despite being down approximately 42% lower over the past year.

Shares have also rallied the last month, revving almost 30% into the green. Tesla is currently on its longest winning streak since Sept.12, 2022, when it rose for five straight trading days.


LINK
Posted by GeauxTigerTM
Member since Sep 2006
30596 posts
Posted on 1/27/23 at 8:05 am to
I thought his "mishandling" of Twitter was ruining Tesla?!?
Posted by Bulldogblitz
In my house
Member since Dec 2018
26792 posts
Posted on 1/27/23 at 8:05 am to
But but but he's driving twitter into the ground and will lose all his money there!!!!!!!
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
54226 posts
Posted on 1/27/23 at 8:11 am to
quote:

I thought his "mishandling" of Twitter was ruining Tesla?!?


Just goes to show you that people who don't understand business really don't understand business. They pontificate "we need more electric cars worldwide" and then the guy who is making the most electric cars in the world is going to go into the shitter because he bought twitter?
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89606 posts
Posted on 1/27/23 at 8:14 am to
Like him or not he's generally a Midas in business.

Maybe not as smart or capable as Hunter Biden, but certainly has a demonstrated record of successes.
Posted by NPComb
Member since Jan 2019
27457 posts
Posted on 1/27/23 at 8:18 am to
He has a ton of competition in the EV market.





Just kidding
Posted by Penrod
Member since Jan 2011
39601 posts
Posted on 1/27/23 at 8:23 am to
quote:

I thought his "mishandling" of Twitter was ruining Tesla?

25-42=?
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18716 posts
Posted on 1/27/23 at 8:24 am to
I thought Elon was practically broke because he can't make good decisions.

To give you an idea of what $168.7 billion is, that would be 2,600 G-750 aircraft. He could buy and fly for one day a new G-650 everyday of the week for the next 7+ years and not run out of money. That is assuming the $168.7B is fixed - i.e. doesn't grow at all.

He literally can buy what ever he wants and not run out of money. Hell, if he put it all in T-bills the annual interest alone would be insane.
Posted by Penrod
Member since Jan 2011
39601 posts
Posted on 1/27/23 at 8:24 am to
quote:

Maybe not as smart or capable as Hunter Biden, but
Posted by Powerman
Member since Jan 2004
162258 posts
Posted on 1/27/23 at 8:26 am to
quote:

They pontificate "we need more electric cars worldwide" and then the guy who is making the most electric cars in the world is going to go into the shitter because he bought twitter?

I don't think people really have an appreciation for how far ahead Tesla is in the EV market and perhaps more importantly in the self driving capability market which will be big in the future
Posted by CleverUserName
Member since Oct 2016
12698 posts
Posted on 1/27/23 at 8:32 am to
Impossible…. The libs told us he is discounting cars because he can’t sell them and Tesla is in trouble. Impossible I say.
This post was edited on 1/27/23 at 8:33 am
Posted by Pvt Hudson
Member since Jan 2013
3584 posts
Posted on 1/27/23 at 8:38 am to
It’s worth half today what it was a year ago.
Posted by oogabooga68
Member since Nov 2018
27194 posts
Posted on 1/27/23 at 8:39 am to
Paging Cwill,. paging Cwill.....Elon Musk is on Line 1....he is soliciting more financial advice from you basement dwellers so that he can do the opposite of what you advise and become even more wealthy....
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
54226 posts
Posted on 1/27/23 at 9:24 am to
quote:

It’s worth half today what it was a year ago.



But it's not his fault. Hell, everything, except big pharma, is down 30-50% of what it was last year. I know my investments are.
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68364 posts
Posted on 1/27/23 at 9:34 am to
quote:

I thought his "mishandling" of Twitter was ruining Tesla?!?




I actually know a person that said elon musk ruined Twitter so fast it made the stock price go to zero so it was delisted

Ladies and gentlemen, welcome to the liberal brain
Posted by CAPEX
Member since Dec 2022
865 posts
Posted on 1/27/23 at 9:42 am to
quote:

But it's not his fault. Hell, everything, except big pharma, is down 30-50% of what it was last year. I know my investments are.


Tesla is down 40% compared with the broader NASDAQ-100 benchmark being down 14%.

Companies like Microsoft and Amazon are down 17% and 26% respectively. Apple is only down -9% which is frankly amazing and a testimony to how good of a CEO Tim Cook is.

So Tesla is objectively doing much worse than a list of comparable companies considering:

a) The tech benchmark is down 14%.

b) Tesla is down 40%.

c) The SP500 index is down 6% if we compare it to 500 top companies.


This post was edited on 1/27/23 at 9:43 am
Posted by Houag80
Member since Jul 2019
9259 posts
Posted on 1/27/23 at 9:47 am to
That sounds like some of our resident progstains....cwill, powerbottom, pernod, faggihank et al.

A couple have even shown up to correct
us plebeians .
Posted by Zarkinletch416
Deep in the Heart of Texas
Member since Jan 2020
8406 posts
Posted on 1/27/23 at 9:48 am to
Okay Elon, do this and I'll consider buying one of your EVs.

I want an affordable Sedan that carries two adults and two children with a battery (I'll cut you some slack on this) you can charge in 15 minutes. A battery that does not include cobalt mined using child labor. A battery that powers the vehicle for a minimum of 350 miles (in hilly terrain with A/C and radio on). Plus I don't want the batteries stuck under the car. Stick'em under the back seat. I'll need the truck space for luggage. Mission impossible? Is there anything impossible for Elon Musk and his engineers?

By affordable I mean $ 25 - 30 thousand for a four door sedan, tops!

Fair enough?
This post was edited on 1/28/23 at 9:55 am
Posted by DamnGood86
Member since Aug 2019
954 posts
Posted on 1/27/23 at 9:58 am to
quote:

Tesla is down 40% compared with the broader NASDAQ-100 benchmark being down 14%.

Companies like Microsoft and Amazon are down 17% and 26% respectively. Apple is only down -9% which is frankly amazing and a testimony to how good of a CEO Tim Cook is.

So Tesla is objectively doing much worse than a list of comparable companies considering:

a) The tech benchmark is down 14%.

b) Tesla is down 40%.

c) The SP500 index is down 6% if we compare it to 500 top companies.


GM and Ford are both down about 40% YOY. Comparing auto manufacturers seems more reasonable than comparing an auto manufacturer to Amazon or Microsoft or Apple.
Posted by LSUAngelHere1
Watson
Member since Jan 2018
8193 posts
Posted on 1/27/23 at 10:03 am to
My calls TSLA calls are on fire today!
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