Musk is dumping TSLA shares- I don’t see good things for this stock. Despite the 60% drop from ATH’’s it still has a high P/E of 47, and I expect earnings to slow down significantly, if not decrease due to high interest rates and a possible recession. Musk’s erratic behavior and genius idea to alienate a majority of his consumer base isn’t helping either.
But it’s a meme stock, so who knows what’s gonna happen.