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Probably due Musk Twitter deal. Musk may be selling more shares to fund his purchase of Twitter
On 19 October 2022 earnings call, the Elon Musk claimed that his company, a maker of niche luxury cars, would someday be worth more than Apple and Saudi Aramco combined. Together, those companies are worth approximately $5 trillion. Tesla’s market value is $677.82 billion as of 25 October.
It was often speculated that Musk would purchase Mercedes-Benz (market value $61.67 billion) the company that invented the car. In comparison to trillions what is $44million to purchase twitter.
On 19 October 2022 earnings call, the Elon Musk claimed that his company, a maker of niche luxury cars, would someday be worth more than Apple and Saudi Aramco combined. Together, those companies are worth approximately $5 trillion. Tesla’s market value is $677.82 billion as of 25 October.
It was often speculated that Musk would purchase Mercedes-Benz (market value $61.67 billion) the company that invented the car. In comparison to trillions what is $44million to purchase twitter.
Probably due Musk Twitter deal. Musk may be selling more shares to fund his purchase of Twitter
Yes, I don't think this Twitter acquisition is seen as a positive by investors. Musk himself spent a good deal of time talking down Twitter's business in the media - I don't think that helped.
But the entire Twitter deal is $44 billion. On April 14, 2022, Elon Musk offered to purchase Twitter, Inc., for $43 billion, after previously acquiring 9.1 percent of the company's stock for $2.64 billion and becoming its largest shareholder.
Either way Teslas market cap lost well in excess of $200 billion in the last few weeks. Let's say Twitter doesn't grow like Elon thinks it will and five years from now Twitter is still worth $44 billion (i.e. no growth). The drop in Tesla's market cap still seems like an overeaction.
Of course, that is assuming that Tesla was not overpriced to begin with.
Quote:
Originally Posted by OutdoorLover
Yes, I don't think this Twitter acquisition is seen as a positive by investors. Musk himself spent a good deal of time talking down Twitter's business in the media - I don't think that helped.
Well the value of Twitter is very unlikely to go to zero. Probably worst case scenario is that it will lose a tiny percentage of it's market cap. But it is still like abandoning a company over a discrepancy in the petty cash box.
Teska went from $2.2 billion in market cap after it's initial public offering in 2010 to $54 billion in Feb 2019 when the Model 3 was announced. It peaked at $1.23 trillion more than half a trillion dollars higher than it is today.
Last edited by PacoMartin; 10-25-2022 at 10:17 AM..
3rd quarter profit per vehicle was down about 10% from 2nd quarter. There's market concern that if the stock price drops below $200 (it's $208 as I write this), that could continue slide much, much more. Musk's attention to Twitter and the possibility of him having to dump Tesla stock into the market make the future too unpredictable right now.
3rd quarter profit per vehicle was down about 10% from 2nd quarter. There's market concern that if the stock price drops below $200 (it's $208 as I write this), that could continue slide much, much more. Musk's attention to Twitter and the possibility of him having to dump Tesla stock into the market make the future too unpredictable right now.
Could this be temporary because of the ramp up costs for TX and Berlin?
Could this be temporary because of the ramp up costs for TX and Berlin?
Well at least Tesla hasn't dropped like Facebook
-73.89% Meta Platforms (Facebook)
The top 5 all seemed to have taken a huge hit this year. Judging by Exxon the stock analysts don't think EVs are going to hurt big oil in the immediate future.
Market cap change from 2001 to 2022 10 largest US corporations by Market capitalization
-45.11% Amazon
-41.52% Alphabet (Google)
-34.57% Microsoft
-24.13% Apple
-39.18% Tesla
-5.23% Berkshire Hathaway
+6.44% UnitedHealth
+78.3% Exxon Mobil
-0.45% Johnson & Johnson
-11.6% Visa
The ranking of world's billionaires hasn' changed all that much except for Mark Zuckerberg being knocked down a few dozen pegs.
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