I know people who do that have no business trading. They are newbies. Wait and see Elay is a good company and will have some big news soon. People who have patience reap the rewards.
I don't think shareholder are selling here at 2s. Some might be trying to get out at 3 but not many. This stock is being manipulated by market makers and they do swap hands and throw out signals to themselves. The manipulation isn't taking place on L2 only but also on the board. I hope that MMs are trying to snap cheap shares for themselves so that they can take this up in the same manner they bought it down.