Tesla Stock Is Plunging Again. It Could Drop for a Ninth Straight Week.

it is still overvalued anyway. they havent shown the profitability and growth potential that its current price reflects, not even after plunging as much as it did.

tsla stock price was around $230 when musky used it as collateral for whatever loans he took out for the purchase.

And yet Musk is fixing NASA's screwup today by rescuing people.
- You mean Boeing's screw up. They were the designer/manufacturer of the capsule that had issues. Plus Musk has very little if anything to do with SpaceX engineering or operations (Gwynn Shotwell is in charge of operations). Mostly he just does "Funny" shit like telling engineers to make Starship more pointy.
- Sure, like he’s “fixing” the government?

Too big to fail. Prepare for gov bailouts.
- they have only survived so far because hype and government money. they have never been profitable. the stock could halve again and it would still be overvalued
  
  It's like 20x too high as it stands going by p/e ratios compared to the rest of the auto industry. Like 5-6x too big compared to tech companies. It's wild.

If your erection lasts for more than 1h, see a medical professional or stop watching the Tesla stock prices

That's illegal! TSLA is not allowed to drop. Prepare for your mandatory stock purchase, citizen.
- You jest, but I would seriously consider the possibility that he’ll sue anyone selling the stock, and sue the government for not investing in it expressly.
  I mean, god, the tantrums he’s thrown at having advertisers take breaks—because I don’t think any of them truly left—from Twitter should be proof enough of the possibility.
- And then the citizens will own a chunk of Tesla? And we will see our investment pay off when it does well?
  Pretend I made that into padme/anakin meme.

At the end of the day, there are actually better electric cars now for the price. Even starlink is starting to get major market competition for cheaper.
- Even starlink is starting to get major market competition for cheaper.
  Please elaborate.
  
  Everyone and their dog wants to gunk up LEO with their soon-to-end-space-flight-forever space junk

Disclaimer: I'm stock illiterate. Are his other companies also trending down? Or are they not publicly traded or whatever? Is it known what % of his wealth comes from Tesla (vs Starlink or SpaceX)?
- Most of his other companies are not publicly traded, so there isn't much direct comparison. But Tesla has widely been known to be hugely over-inflated for years and years now, the bubble had to burst sooner or later. It is definitely being hit harder than the rest.
  
  Tesla was overinflated because it was run as a software startup, where they had money pouring in from venture capital. They had money coming in, but it wasn't simply from sales. Let's see if that stalls too.
  But wasn't his Tesla shares used as collateral for the Twitter financing? If Tesla tanks enough, won't his Saudi banking backers raise hell?

¡¡doʇ ǝɥʇ oꓕ
- How considerate of you to write in a way fascists can read more easily
  
  Not sure if calling Australians fascists or not

Can it go negative so stock owners have to pay? /s
- You jest, but futures can actually go negative. At one point during covid a tanker shortage meant you could be paid a few $100 to accept delivery of a barrel of crude. Some people were joking about filling their swimming pools.

Good!
[I am now on a list.]
- Bold of you to assume you weren't before.
  
  We are all on the Verfassungsschutzliste/List of the Office for the Protection of the Constitution (lovingly nicknamed Faschistenschutz/Office for the Protection of Fascists)