Photo: SAUL LOEB / AFP / Getty Images
Elon Musk once again did his thing on Twitter and now he pays for it dearly. And it is that after the CEO of Tesla asked on Twitter on Saturday if he sold Tesla shares, ensuring that he would heed the recommendation, the survey closed with a 57. 9% sale approval.
For Tesla, immediately the movements in the stock market began to look negative. Before the opening session on Monday, the shares fell as much as 6%. And this Tuesday morning the fall reached 12%.
Later From the survey, today it can be said that the capitalization of Tesla has lost more than $ 130, 000 millions of dollars, there is talk of accumulated losses in two days of $ 30,000 millions of dollars for the richest person in the world. Says Forbes in their calculations.
Plus hedge fund investor Michael Burry, who hadn’t posted on Twitter for a long time , reappeared in the network of the blue bird to say that “Musk needs to sell shares to help pay his personal debts,” a tweet that was later deleted.
On the other hand, Musk’s brother, Kimbal Musk, said that he had sold more than 88 thousand shares of Tesla.
But there are analysts who this Monday they increased their price targets for Tesla , such is the case of Wedbush and Jefferies that rose to $ 1, 800 million dollars and $ 1, 400 million dollars , respectively. And expectations are positive, Wedbush’s Dan Yves said he expects stocks to rise up to 65% for 2022.
But Bloomberg is less optimistic and says that the average Tesla stock has a price target of $ 810 dollars, which means up to a 25% less than the current price.
At the time of writing this note, Tesla shares were trading at $ 1, 023 Dollars. And reports a drop of 11. 9% from Thursday’s all-time high.
Tesla has been a public company on Nasdaq since the year 2010 and since then Elon Musk has only sold shares twice. In 2010, more than 1.4 million shares, and in 2016 which sold 2.7 million shares.
And about this sale, it all started as a result of the Democrats in Congress proposing to tax the assets of billionaires to raise money and fund a social security bill from President Joe Biden. And was when Musk threw the question to his more than 63 million followers.
You may also like: Elon Musk denies that Tesla already has a signed contract to sell 88, 000 cars to Hertz