Oh shit, no Muskyy noo, my free speecherinoo.

  • RonPaulBlart [none/use name]
    ·
    3 years ago

    i'm dumb, why does pretending to buy twitter allow him to sell off telsa? as a pretext to get liquidity to buy twitter?

    • ToastGhost [he/him]
      ·
      3 years ago

      if he sells off 1 billion in tesla stocks without reason it scares all the other investors into thinking something is wrong and elon is abandoning ship, stock tanks as everyone jumps ship with him. if he claims he is buying twitter the 1 billion stock selloff is expected and doesnt cause a panic selloff, and once hes got his billion out he can let the deal fall through and blame the other party.

        • ToastGhost [he/him]
          ·
          3 years ago

          probably dont go fucking with stonks, dont wanna end up like the crypto dorks yesterday.

            • FirstToServe [they/them]
              ·
              3 years ago

              On the one hand it's valued as being worth more than any car company that actually produces decent cars in large numbers, so it's completely inflated. On the other hand... line must go up. So you probably won't be able to time it if it does dive.

        • JuneFall [none/use name]
          ·
          3 years ago

          so, uh, should we be shorting tesla?

          Bit late for that. It lost 20%+ the last week, but is rising again - and since the Tesla stock price is not completely rational it is quite dangerous to interact with it with leverage.

          I wonder if the rich are rich enough that they could just draw our money whatever we do on the stock market. If so it would mean:

          Where does that lead you? Back to me :lenin-laugh: