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Tesla Stock at $150 and likely headed much lower. [1]

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Date: 2022-12-16

Musk has sold nearly $9 Billion Tesla stock in the past two weeks. A nearly incomprehensible number.



Imagine the effect of selling $9 Billion of any listed stock in a two week time period. How much would that stock drop in price?



Musk is going to sell more stock if he keeps his promise.



Now imagine the effect on a company’s stock (any company) of suddenly selling off $18 Billion dollars of that company’s stock in a matter of weeks. That is what Musk is doing and has said he would do. markets.businessinsider.com/...



Has anything else changed about the inherent value of Tesla the company?



That would be a good question to answer for anyone considering buying Tesla stock (or selling stock at a loss). I know what my answer is.



Without there being any indication as to whether or not the analysts have factored in the fact that Musk has sold $9 Billion and soon $18 Billion of Tesla stock this “Barron’s” article reports what several stock analysts have to say about Tesla. It is worth reading. They expect Tesla stock to drop further: Sorry it seems to be behind a pay wall. I read it for free on my phone newsfeed. Support price could fall to $100. The range was $100 to$120. www.barrons.com/...



If I can, I will buy more stock after Musk dumps another $9 Billion of Tesla stock.



I am sorry for myself, and I apologize to those who read my previous diary that I did not have this critical information when I published it. www.dailykos.com/...



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[1] Url: https://www.dailykos.com/stories/2022/12/16/2142325/-Tesla-Stock-at-150-and-likely-headed-much-lower

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