Tesla shares sink, wipe out over $125B in value, as Musk scores Twitter deal
npr.org
npr.org
Finally it's not as though what markets say is a good or a bad move is the truth and I think often times they are very sensible to momentarily panic/hype. There is so much that can go wrong or that can go well. But to me what's clear is that buying twitter was not a "this is a very good profitable business" decision.
To finalise, in Chile at least, it is not uncommon for billionaires to buy local mass media (tv, newspapers, radio) and most of the time these are businesses that lose money. But in reality, the ability to moderate and shape public discourse is incredibly more important than direct revenue.
The announcement of Giga Sanghai had increased Tesla's stock price by 15% in a few days, back in February. India was supposed to be one of the biggest markets that Giga Sanghai would serve... but India has decided they don't want Teslas from China... which explains the drop in stock prices now.
You know a news site is fake if it peddles obvious lies. For example, Bezos compost does reports the same lies:
https://www.washingtonpost.com/technology/2022/04/26/elon-mu...
Where is this concern for juniors?
Where is this concern for literally anyone else?
Anyone else = meh, builds character.
Musk or a billionaire? Ooooo! Everyone look out! He might just be human!
Frickin market man. Absolutely in-sane.