Tesla and Musk Face Criminal Probe

It has been a little over a month since Elon Musk posted that infamous tweet that caused TSLA to skyrocket 11% (temporarily).

This caused a bunch of short-sellers (basically people who bet for a stock to go down) to panic and liquidate their positions at huge losses. Let’s take a look at what has happened since then:

Bar Chart provided by http://barchart.com

That’s right, the stock has gone back down and if everyone who panicked had just been patient they might not have lost so much money, but you know what they say:

“Hindsight is 20 times the pain.”
– No One Ever

Unfortunately for Elon Musk, the bad news keeps piling on as it has been revealed that he is facing criminal charges for market manipulation due to his 07 August 2018 stunt. In addition to that bad news, are we going to act like that giant dip TSLA took on 07 September 2018 wasn’t related to him smoking a weed on Joe Rogan’s show? The good news is that TSLA already recovered from that incident. What a time to be alive!


Leave a Reply

Your email address will not be published. Required fields are marked *