The price of Tesla shares have fallen over 50% at the time of writing. Why has this occurred?
To my mind it is all about Elon Musk.
Firstly the time Musk is using doing 'doge' work is time he is not concentrating on restoring tesla's fortunes. This is very important.
Secondly there is Musk himself. Before twitter and the election we knew little of Musk. He was the genius behind Tesla ( which always looked way overvalued. Have you ever looked at their P/E ratios?).
His takeover of twitter showed he was not the genius at all. His cuts at twitter were poorly thought out if there was any thought put into the cuts.Then we had Musk championing conspiracy theories he reads on twitter. Lastly He lies, like trump , like there is no tomorrow. An example. He claims Democrats wants undocumented immigrants in the USA so they can get social security and then vote for them in elections. Only problem is undocumented immigrants contribute to social security but cannot collect anything. It is for the same reason they cannot vote. They are undocumented. No documentation then no registering!!!
Put all that together and your view of Musk and therefore Tesla is viewed in a very different light.
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