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Politics : Formerly About Advanced Micro Devices
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To: Winfastorlose who wrote (1385136)12/28/2022 10:36:16 PM
From: Qone01 Recommendation

Recommended By
pocotrader

   of 1583507
 
>> TSLA is not burning. It has always been extravagantly overvalued. It is just coming back down to Earth for the moment and I say "for the moment" because with this market nothing can be assumed to have any lasting characteristics.<<

Yes, but Elon leveraged his TSLA stock as collateral for financing on the Twitter deal.

Rumor has it that yesterday's 10% drop was forced selling to meet margin. It get real ugly under $100.

I have a pattern that takes it down to $69.

That will come close to wiping him out of control of TSLA.

He paid $44 billion for a $4 billion company with Twitter. All of his TSLA sales went into it, plus he leveraged His remaining TSLA stock.

It was a huge mistake for a few tweets.
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