Why Is Tesla Stock So High Reddit
This ranks it as one of few investments that is not only recovering shareholder value but vastly increasing it during the crisis. Elon musk on saturday said he would sell 10% of his stockholdings in tesla inc.
The stock rose as much as 5.2%.
Why is tesla stock so high reddit. “much is made lately of unrealized gains being a means of tax avoidance, so i propose selling 10% of my tesla stock,” the. Lastly, information cascades come into play. That ratio is 1/6 today.
It's a bet that shareholders are making that tesla is going to continue being a monster of innovation in the long term. Musk said the stake sale was conditional on the result of a poll on twitter, where 58% voted for him to sell. Users and moderators are not investment professionals, do not have a financial duties to any other users, and should not be relied upon for any real world actions.
Why is tesla stock so high? Despite traditionalists agreeing with elon musk’s tweet that, “ tesla stock price is too high imo “, investors continue to hop on the bandwagon due to the fear of missing out. On august 11th (8/11) the same year, tesla announced a 5:1.
The main reason seems to be a. Shares slumped 7% in early premarket action after ceo elon musk indicated he would sell a 10% stake in the luxury automaker. Any posts or comments in this subreddit should not be construed as investment advice or guidance.
And as they covered their positions, they pushed the stock’s price ever higher. Ding ting/xinhua news agency/getty images (updated: Since the tesla ceo pledged in a twitter poll to sell 10% of his holdings in the company (worth about $20 billion), it means he’s still a long way to.
The stock is up 106% so far in 2020 alone. The proposal, called the stock buyback accountability act, would levy a 2% excise tax on the amount corporations spend to buy back their own stock—a common practice that returns funds to shareholders without generally requiring taxes. The stock was up 0.96% at $1,106.92 at the time of publication.
You buy stocks for its potential and tsla is not dividend stocks. Read more top stories 1 Back then, tesla had 1/14th apple’s market cap.
No profits because they invest everything they can in factories and r&d. On may 1st (5/1), elon musk tweeted the tesla stock price was too high: Tesla continues to skyrocket, surging to a.
My mind boggles at the reverse in sentiment about tesla in this subreddit, its like the past 12 months of pure hatred against tesla never happened. Btw ceo cant keep the stock prices high, stock buyers do. In short, be your own person.
Tsla is a very speculative stock with lot's of optimism because of the nature of the business. It’s all about the potential man. If the move won backing in a twitter poll, reinjecting himself into the debate over how some of the wealthiest americans should be taxed.
As unusual as that may sound, the tesla ceo is apparently looking to pay more in taxes. Democrats propose 2% tax on stock buybacks to offset their $3.5 trillion budget plan. So many posters just rehashing slightly altered variations of the same old fudy comment regarding loans coming due and inability to achieve sales targets leading.
The car manufacturing itself is profitable. Short interest in the company this january was even higher than apple (nasdaq: So is the party finally over for tesla?
A lot of it felt like manipulation. To put it in perspective, bitcoin hit historic (later proved. Fsd, robo taxis, the battery highway tractor/semi.
By this logic, tesla is at the forefront of multiple industries and should be valued as such. The stock now trades at $692 a share as of this writing, down about 23% from its peak. Elon musk continued selling tesla shares last week, offloading a combined $6.9 billion worth of stock.
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