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  1. #1021
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    Feb 2003
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    , Christchurch , NZ .
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    217

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    Tesla down 8.33% today...
    Initially did quite well after the Fed's statement yesterday, but the market is certainly not so happy today.
    NASDAQ down 5% overall.

    And I see NIO is down a whopping 15.17%, Rivian down 9.46%, and the list goes on

    I take it you think Musk is selling more stock based on todays large volume or ?....

  2. #1022
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    Oct 2016
    Location
    Auckland
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    351

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    The way it traded early you could see there was serious selling. It was operated in a very similar way to the stock the other day, hey I could be wrong, but it could even be Larry Ellison selling some of his stock to "help Elon" with the Twitter funding etc. He does own around 1.5% of issued shares he bought for around $1bil now worth around $14b at current market price. Bit of a guess but we will find out sooner or later.
    Last edited by Dassets; 06-05-2022 at 01:04 PM. Reason: grammar

  3. #1023
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    Join Date
    Feb 2003
    Location
    , Christchurch , NZ .
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    217

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    Ah, didn’t think of that - could well be…

  4. #1024
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    Join Date
    Feb 2003
    Location
    , Christchurch , NZ .
    Posts
    217

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    Now down approx 25% over the past month against the NASDAQ at approx 15% - still production problems in Shanghai due to supply issues so not surprising really. Other EV manufacturers not doing well either…

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