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03 August 2021
12:36 hour

Will Tesla's Stock Price Drop After the Video Released by Anonymous Against Elon Musk? I think There's a Good Chance.

Reddit Stocks

06/06/2021 - 16:57

So Anonymous seems to be targeting Elon Musk now. I won't really go into detail in that at all, but it does have me wondering how this will affect TSLA stock price. Tesla usually trades more on hype and FUD than anything else and it is a very volatile stock. With a very serious group like Anonymous making claims about Elon Musk(that I think a lot of people agree with) I think word can spread fast. Just like Elon can send any crypto or stock flying just by hinting at a name or ticker on social media without outright mentioning anything, I think a whole video by anonymous could stir up negative news surrounding Elon, and Elon as a whole is what I think is holding up Teslas stock price. Bad news or controversy comes out surrounding Musk could spell disaster for what many seem to think is one of the most over-inflated stocks on the market. Even after dropping about 30% from it's ATH's and sticking to these levels for a few months, I think there's definitely a good chance that on Monday this stock opens anywhere from 5-10% or even more on a downward trend. Without getting too political or off-topic, how do you guys think this will affect TSLA? I'm leaning towards bearish, but also would not be surprised if this somehow does nothing to the stock price and goes nowhere. TSLA has avoided a decent amount of controversy before but there have been a few instances where a piece of controversy sends the stock tumbling for a little bit, but up until now every small drop has been followed by an insane jump seeing new ATH's. For some reason I think this time might be different. Disclosure: No positions in TSLA but will heavily consider buying if it ever sees $400-450 again   submitted by   /u/Microtonal_Valley [link]   [comments]


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  48. Market Extra: Musk’s Tesla says it invested $1.5 billion in bitcoin, sending the cryptocurrency to record levels near $44,000 (08/02/2021 - Market Watch)
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