Its possible hes on drugs, or maybe hes having a guilt laden meltdown from committing fraud.

Likely its just Musk being Musk, and desperately needing some attention.

Been a lurker since 2006,

That being said, i got pretty strong into 400 end of july and 780 end of may puts yesterday morning and sold them for roughly a 2 bagger on musks tweet.

Given it some thought now i believe i might have been too hasty. With that single tweet Musk has managed to seriously hurt the confidence of hes cult. Being a retail investor myself, what would be my thought process if i was a stock owner? Musk saying the stock is now overvalued caps the upside reward in my mind and i cant see any reason why i would possibly want to continue holding on to it?

That definitely created a lot of confusion and i believe he will follow up on the tweet with some clarifications pretty soon.

Just look at Tesla investors club forum or r/Tesla on Reddit. It's a nothing burger to them. Most believe it will be a $15000 stock in five years

Ah! Makes sense - I couldn’t figure this out. Thanks

Zerohedge is also almost always wrong

I would say they are early to discuss topics that take years to play out and cannot predict an exact date. They’ve been writing articles on corporate leverage and buybacks for years. It doesn’t mean they were wrong it just means the market can stay irrational longer than you can remain solvent.

If you ignore the tinfoil hat opinion pieces they are very good at presenting data for you to draw your own conclusions. They wrote some excellent articles in September-November about the tremors taking place in the repo market. There was a crisis around the corner, corona just happened to be the straw that broke the camel’s back.

Does he 100% remain CEO after this? Does the board do anything?

Board does nothing, and they will like it.

Who do they replace him with? His cult following is propping up the stock.

Elon clearly has a personality issue. Either manic-depressive (doesn't care) or narcissistic (he thinks he can slap around shareholders or do what he wants because he's Elon). Or maybe just on weird drugs. Whatever it is, he'll regret it 10 years from now. The board is likely plotting the safest time to kick his ass out.

The game doesn’t work without Elon. He will have to livestream himself on a shooting rampage (or something of that level) to ever get replaced.

And they’re wrong on buybacks and repo too

If what you’re predicting has no timeline and no possible counterfactual it’s easy to sound smart on the internet

I'm no corporate finance man, but couldn't they just do a below-market capital raise with certain holding period conditions? I can't imagine where a high valuation of your company is bad, unless you needed to buy back your own stock.

Broken clock logic

Yup, cult members don't leave in droves over such minor events. If anything, their minds will put a positive spin on it and they will defend it.

I don't think you realize he owns the board. It's stacked with cousins, brothers, co-conspirators in fraud, and people who owe him favors. That's without even considering that losing him as CEO would destroy the stock. His ability to tell insane obvious fraud lies and be believed (for example, "FSD complete by end of 2019", "1 million robotaxis earnining $30K/year each profit for Tesla's cut by the end of 2020") is the sole reason the stock is $700 and not $100 (or rather, $0, since the stock offerings needed to keep Tesla alive would fail at a stock price that low).

I think people spend time going through mental gymnastics when this isn't complicated at all. Those tweets are not of a sober mind. He got stoned and posted on social media and that's all there is to it...

Same thing with his infamous 420 post. 420 is a weed reference. He was probably stoned when he made that one as well

You sound like someone who has never smoked weed before

I think the rumor is more Adderall and coke, not weed

What makes you say that? I do smoke. Sometimes on a daily basis, sometimes sporadically, sometimes I'll go without it for months. It's whatever...

Regardless, I never said he was smoking weed. I said he wasn't of a sober mind when making those tweets. He could have been on anything

I just think he got f'd up and just started firing off rounds

Tesla stock is overvalued, maaaaannnnnn.

That's a weed post.

Musk is insecure and knows he's going to get found out eventually, so he's self sabotaging.
I'm sure we can all relate to that.

The tweets are pure genius from the GOAT Twitter end boss.

Feel bad for the guy.

So 2 hypotheses

1, tripping
2, conspiracy to deliberately lower the price to do a stock offering as institutional investors are not interested at 800+

Musk does have a history saying the stock price is too high by the way.

3. Running a fraud and trapped and frustrated. See for example Skilling (Enron CEO) in 2001.

Probably most likely is a combination of drugs + frustrations: loser weirdo druggie in his life who he knocked up, having to put out a very obviously fraudulent earnings to keep his stock price up, and afraid of the heat that's generating, and feeling trapped and frustrated with his factories closed and an uncertain future.

Hats off to Amber Heard though. She completely ruined Musk mentally, which led him to Grimes and more drugs/disorganization. This is her second scalp after Johnny Depp. One of the most successfully toxic females around imo.

i feel like one of the dinosaur scouts in moneyball. "have you seen his girlfriend? she's a freak hipster, and her music isn't that good. he's not a winner, tesla's gonna burn."