Comment on 5 Signs the AI Bubble is About to Burst
wetbeardhairs@lemmy.dbzer0.com 6 months agoLook at Tesla. The intrinsic value was no more than 10 billion before he started sieg heiling on national TV and alienated half of the western world.
My conspiracy theory is that Musk gave multiple investors billions of his personal cash to invest in Tesla stock at key moments. He tells his straw purchasers when to buy hundreds of millions worth of stock in order to pump the price and kill those who short the stock. This scares the shorters out of the market and ultimately removes a natural source of downward pressure on the price. They sell off what they purchase all at once relatively slowly so they can then do it again.
I had a similar sort of thought but figured it was an automated thing, where they would buy or sell to manipulate the market price with the fund removed from the owners of stock.
Something like that could have made a fortune as the stock price was gaining and as such been able to manipulate the shit out of the stock price and fuck short Sellers and everything.
SaveTheTuaHawk@lemmy.ca 6 months ago
But he invested a billion of his own money…or 0.01% of the TSLA market cap
No one in STEM takes Musk seriously.
wetbeardhairs@lemmy.dbzer0.com 6 months ago
Even 0.01% of a businesses shares in volume in the span of a 1 minute order is enough to massively swing the price. I saw it multiple times in after hours trading when I let my options ride for the day.