I went on a mini-rant back on 9.7.18, when Elon Musk single-handedly caused a loss of market capitalization in Tesla by $3,000,000,000 in ONE day, when he thought he was doing his shareholders a service by smoking pot on a webcast... as the Guinness Stout character would say, BRILLIANT!
If that wasn't enough damage for a single year, his utterly unguarded speech from early August, just cost his shareholders over $7,650,000,000 in ONE single day, when today, the Fed decided to file suit against him for violating FTC regulations in those unguarded remarks, and Tesla sold off to the tune of $42.75/share - and note, on the highest volume since 2013.
Being a brilliant and visionary person (SpaceX, Tesla, Hyperloop trains), does NOT qualify one to perform the office of CEO... .
IMHO, Elon Musk should step down and let others run these companies, while he continues to come up with more brilliant, visionary ideas!
And as a follow-up to my rant, here's an update on the original daily log-scale Tesla chart I first posted on 7.24.18...
At that time, Tesla was in a topping formation... now it has topped and has begun its bear market. .
There are plenty of supports below... first at ~244, then next at ~180... watching.
Edited by tsharp, 28 September 2018 - 06:57 PM.
