AGY

8.14%

9.3¢ argosy minerals limited

RE tesla stock. Oh gee, he wouldn't be dumping stock to pay his...

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LargusAverta

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07/06/24

10:45

Post #: 74210781
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Originally posted by Sdaji: ↑

I'm guessing, but not sure, that you are aware of the smoke and mirrors games being played, and are just pretending to believe this rather than being genuinely fooled.

You're no doubt aware than Musk/Tesla has been dumping huge numbers of staff with extremely horrible deals for those staff (more than 16,000 of them, many of whom now face visa issues etc) and Musk has been dumping a large percentage of his stock in the company after promising he would never sell. Musk has also forced workers to sleep on the factory floors between shifts on production lines and warned that this will be ongoing into 2025. I could elaborate further and list more of the blatant signs that things are not well at Tesla, but suffice to say that these are not the actions which would be taken if the company was genuinely turning large and increasing net profits. We all know the games which can be played to cook the books, and sure, if you want to suddenly dump a large percentage of your staff etc while still selling inventory you can have positive cashflow in the short term, but clearly if you're dumping staff in large numbers etc your business isn't thriving and growing in real terms.

Another measure you can use is the share price. Your chart shows a beautiful increase in profits for Tesla while the share price tumbles. Clearly the market isn't as stupid as you are dishonest (or stupid).

This isn't especially a big deal for AGY, a big part of Tesla's woes is Chinese competition producing cheaper (and even worse quality, but the consumer generally doesn't care about value as much as price) EVs, which will still be purchased by the masses, particularly in China, and whether it's BYD or Tesla or anyone else producing EVs, they're using lithium batteries.

Musk knows the figures can only be fudged for so long which is why he has been dumping stock.

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RE tesla stock.
[sarcasm] Oh gee, he wouldn't be dumping stock to pay his twitter "bill" though would he? Nooo, it couldn't be that reason. [/sarcasm]
Note: I'm no Musk fanboi that's for sure, but it's obvious why he's dumping stock. Note also he dumps stock to exercise options on occasion too. Like all things, it's probably not as simple as you are trying to make out.

Last edited by LargusAverta: 07/06/24

AGY Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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Last 9.3¢		Change 0.007(8.14%)		Mkt cap ! $135.4M

Open	High	Low	Value	Volume
8.9¢	9.4¢	8.7¢	$168.6K	1.860M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
0.093	299999	1
0.094	14000	1
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RE tesla stock. Oh gee, he wouldn't be dumping stock to pay his...

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