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XFundManager

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XFundManager

Re: boston745 post# 66705

Saturday, 06/04/2022 11:28:59 AM

Saturday, June 04, 2022 11:28:59 AM

Post# of 87069
You got it wrong ! It has everything to do with his reasoning.


It has nothing to do with the 10% layoffs at Tesla but everything to do with his reasoning behind it. He just insinuated that the economy is going to collapse and be in a massive recession.

Tesla will not be able to meet forward looking guidance and will have a slow down in growth and sales.

This in turn is going to cause the stock to plummet or the Tesla bubble to burst and the stock trade at closer to book value of $32.70.

Its musks way of warning shareholders of impeding stock price to oblivion. Good think he sold out of his Tesla above $1200.00 and $800.00
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