Tesla (NASDAQ: TSLA)
Tesla (NASDAQ: TSLA) CEO Elon Musk just can’t keep off social media and with the Securities and Exchange Commission keeping a close watch, investors are wary.
Tesla stock fell 2.8% in midday trading Monday after Musk tweeted a production forecast, which was similar to the one that the SEC sued him over a few months ago. The agency said previously that the comments from two months ago were a violation of a settlement he made with the SEC.
Musk wrote via Twitter that Tesla will make more than 500,000 cars in the next 12 months.
When FSD becomes reality, demand will outstrip supply, hence a rise in value for those who already own one.
Very much so. There are 2.5B cars & trucks on Earth. Even replacing 1% of that fleet would require making 25M vehicles per year. Tesla will make over 500k cars in the next 12 months, but that’s a mere 2% of 25M or 0.02% of the global vehicle fleet. Car industry slow -> demand >> supply.
The tweet comes as Musk is negotiations with the SEC over attempts to put in controls over his tweeting. A U.S. judge has given the two until April 18 to resolve their differences or she will rule whether or not Musk is in contempt of court.