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Originally Posted by mikemhg
Well seeing as TSLA stock dropped a quarter of its value since the announcement, no surprise there.
I don't know how people can take this guy seriously.
He's a rich super-troll, I highly doubt he had any intentions of fully going through the purchase of Twitter. We'll see how this unfolds.
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Bahaha. If you are not used to volatility, TSLA is not for you. There's an equal part of people who believe in it and the other part who are so convicted that TSLA is worth nothing that they keep shorting it even after losing tens of billions within the span of 2 years.
This is what creates such a movement. I mean, it's a mega-cap company that trades like a penny stock, where you get + or - 5% on a weekly basis with little to no news.
But if I learned anything these years investing, it's don't let emotions or personal feelings cloud your judgment+Look at what they are doing, not what they (or other people) are saying.
I still regret to this day that I stopped investing in AAPL because Tim Cook took over. I was such a Jobs fans that I didn't believe that Cook could do a good job. I was wrong. I let my personal feelings got in the way despite all figures pointing otherwise.
I was a Musk fans... well, not so much as a fans, but rather I think he's got a leadership style that I admire as an entrepreneur. But I didn't invest in TSLA because people were saying so many things about him and TSLA. I was wrong. It wasn't until I got my own Model 3 that I was convinced that this is the future of automotive and only by then I started buying TSLA.
As for TWTR deal, Musk will follow through, but as with everything in life, it comes down to $$$. It's more about how Musk can convince all the major investors going with him on the deal to stick to it despite all the latest developments. The pause, I believe, is to address some of the major investors. But he would eventually pull through as if there's one thing Elon Musk is good at, it's to get funding for what he wants to do. This ability is what made Tesla and SpaceX today.
As Peter Thiel has famously said: never bet against Elon Musk.