Elon Musk tweet wipes $14bn off Tesla's value

a reply to: gortex

Musk is front running. He is saying that he wants to sell physical assets and buy virtual (bitcoin) which he hopes will create a wave of pumping in cryptocurrency. Then a major dump of course. Crypto is not your friend. It is a tool of the global elect. Nobody ever heard of it until CNBC started pumping it every day. Now it is a trillion dollar black hole they siphon money out of.

a reply to: Peeple

It seems you and I are the only one's who find that interesting , which is in itself interesting I think.

a reply to: gortex

Many among the New Rich - self made etc fall prey to the dealers that like to sell all manner of recreational substances for them to imbibe, likely this tweet was made under the influence of just such a substance.

Either way he has knocked billions off his own wealth and that of other investors with one very badly judged tweet that to be quite frank taken as it is without context seem's a little insane in it's content, that said if he really meant to help the poor, sell all his stuff etc then good on him, feel sorry for his investors though.

BUT he may be playing a trump card here, crash the share price and buy back up for less than he sold before making the share price jump again with a new announcement, some new technology, car or other such gizmo.

Running a business into the ground to buy it up cheap is one of the oldest trick's in the book, remember the former head of Commodore computers when it was the big cheese back in the 80's and early 90's, he drove Atari down into the ground through aggressive pricing and dirty trick's as well as commodores product being better BUT then he deliberately released the Amiga over priced to a consumer market were too few could afford it great though it was, sold his shares in Commodore, bought Atari cheap, quit his old role and took over the running of Atari before releasing what to all intent's and purposes was a cut down Amiga called the Atari ST at a far more affordable price and dominating that sector of the home computing market for a couple of years precipitating the demise of his old company Commodore whom never quite recovered - as if he still had tentacles in there running, canny as he was that old geezer then sold out before Atari in it's turn crashed.
Now that was the long way around, IF this is what Musk is doing being a child of the social media age then he is being even more clever but had better be careful in case he goes too far one day.