So "X" - nothing to see here. Elon's in control - Part XXX

The whole house of cards is about to come crashing down.

The ENTIRE value proposition for Tesla was that people bought into Musks "plan for the future" and they bought the idea that Tesla would be the ones to cash in on Automation , Self driving etc. etc.

The last 6-9 months of Musk showing the world who he really is have utterly ruined that position.

No one believes what Musk has to say any more and no one believes that he and/or his companies are going to be the ones that cash in on an AI Driven Robotic future.

So now , people look at the fundamentals and see a wildly over-valued dog of a company propped up by Government funding and grants.

It'll be a slow death as the sunk cost fallacy will keep people on board for way longer than they should , but the demise of the Musk empire is inevitable now.

Agree , the stock price has never been connected to real financial business fundamentals.

The stock was viewed like a tech start-up and people were buying into the vision of the future pitched by Musk with Tesla at the centre of this new world in the hope of cashing in at some future date.

They were never looking at this years Revenues or even next years - They were looking at the "potential" revenue in 5-10 years time.

There were lots and lots of Major, high profile investors that were buying in - Cathy Wood and many others were aligned with that vision.

Those guys are gone now (or quietly extracting themselves) so all that is left are the same kind of MAGA loons that are buying Trumps Truth Social shares.

They aren't going to be enough to prop the stock price up for the medium to long term.

Like I said , it'll be a slow death because of the meme-stock loons and those investors that hang on in vain hope of being able to turn a profit.

But that death is unavoidable now , all caused by Musk showing the world that the Emperor is a naked far-right loon.