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Anonymous
Anonymous asked in Business & FinanceInvesting · 1 month ago

why was Tesla down as much as 12 %  on Fri. March 5th?!? has it ever dropped so much in 1 day since last March 2020?

and why it came back up to only being 3 % down before end of the day? people are going to stay in or are they going to sell again on Monday after buying the dip? I would be too worried to stay in it after falling that much in one day!

4 Answers

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  • Anonymous
    1 month ago
    Favourite answer

    Elon Musk is an agent of chaos. You never know what he will do and it makes Tesla stock very volatile. Tesla also has an absurdly high PE ratio and most of the profits from their car sales come from government subsidies. If the subsidies were to go away shareholders would lose their ASSets.  

  • 1 month ago

    some poeple said that elon musk died! thats the only reason. 

    story of elon musk:

    https://www.youtube.com/watch?v=FLE6QrrmYiw

  • Bryce
    Lv 7
    1 month ago

    Tesla has dropped from a high of $900.40 to $597.95--a 33% drop.  It is still way overpriced.

  • Anonymous
    1 month ago

    It ran up huge over the past year.  Did you expect it to just keep going?  Stocks cant trade as if their earnings was year 2045.

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