Elon Musk has even been the sole reason for DogeCoin to spike and then plummet thanks to his SNL appearance and tweets.
With the world watching his every move he recently ran a poll to see if he should sell 10% of his personal Tesla stock to help solve world hunger and pay more US taxes. With 57% of the votes saying YES, Elon has started selling off his stock which currently stands at $7Billion of his roughly $10Billion left to sell.
Image courtesy of Finance.Yahoo.com
Michael Burry of the Big Short, who famously bet against the housing market has been shorting Tesla for years and is always a big advocate for their downfall. Recently tweeting and then deleting he let rip on Musk stating he has been personally guaranteeing loans with his stock and only surviving thanks to taxpayers money, government subsidies and big promises that he has yet to fully deliver on.
Burry has issued huge statements that TESLA stock can fall up to 95% from its current price of just over $1,000 if things don’t change quickly. We have also seen more competition rival Tesla's EV vehicles such as NIO, Lucid and recently record breaking IPO Rivian.