Tuesday Show Note

On Sunday I posted the following chart. To wit:

(Chart Source)

Here is that same chart now just 48 Hours later…

(Chart Source)

To give you an idea of just how much market capitalization in $dollar terms today’s rout in Tesla™ was, Mr. Musk penned the deal to buy Twitter™ for around $54 Billion…

Tesla shed the equivalent (also known as lost) over $110 Billion, or the equivalent of two Twitter’s, in just one trading session.

As I argued on today’s show “I will not be surprised, in the least, if the Twitter deal never finalizes and much, if not most, of Mr. Musk’s wealth is summarily evaporated along with it.

As always, we shall see.

© 2022 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.