tesla stock | bankruptcy incoming | the truth

holy smokes everybody look at this okay

not jerome powell says this on twitter

here's a live shot at arc invest after

their second to third largest holding is

down like 45 on the day teledoc darn

gotta hate it when a company writes off

6.6 billion dollars against goodwill and

then tells you yeah we wrote that

impairment charge off because well

um

stop our stock went down it's like what

you're like double punishing us anyway

that that is crazy like very upset by

tdoc and uh empathize well sympathize

for for orc invest anyway we're going to

talk about path law

arc invest's largest investment and also

my largest investment which also appears

to be a burning ship right now we got to

talk about what that he double hockey

sticks is going on here okay so the

first thing we're going to do is we're

going to notice that we're bouncing off

the 23.6 fibonacci line however we

absolutely destroyed through the 880

which yesterday was our bounce point

yesterday the 880 line was our bounce

point a lot of good that did because

oops we slipped right down to the 23.6

fibonacci retracement now what is going

on well first of all there's speculation

that elon musk is selling which is not

entirely unreasonable especially given

the fact that of uh this year we have

had five trading days in which uh tesla

has transacted more than uh 20 million

shares i'm sorry more than 40 million

shares the average is 20 million shares

per day and they've only been five such

days one of those was the day after the

twitter deal was confirmed leading to

speculation that elon musk is raising

anywhere between 12 to 21 billion

dollars to be able to uh purchase or

finance this acquisition of uh twitter

now if we divide tesla's current share

price by about uh

21 billion

dollars we end up getting a uh

shares sale of about 24

million shares that have to be sold

and those obviously aren't all going to

go through on one day but take a look at

this if the average daily volume is

somewhere between 20 and 24 million we

had a 45 million dollar

share move over here which that who

knows that could have been 8 million

shares sold we should find out later

today in fact i'll give you the timing

in just a moment

yesterday we had 25 million shares

transacted on the day and today and this

is crazy the market's only been open for

two and a half hours we still have

another roughly four hours to go and

already 20 million shares have been

transacted on tesla now uh hopefully in

the form of the sec form for filing that

we will hopefully see later today in the

event that elon musk is indeed selling

we'll see that he's already sold a large

portion of what he needs to raise and

hopefully this pain ends and what this

ends up being is a short-term buying

opportunity because here you have an op

unless of course you hate tesla or you

think it's overvalued whatever then

that's that's your thing then don't buy

it maybe you're not even watching this

video then but

uh you look at it as here's a company

that absolutely had smashing earnings

raised expectations and also kind of

makes you wonder if like elon musk

purposefully like oh yeah we're aiming

for 60 compounded annual growth to try

to like pump earnings because he knew he

was going to sell tesla stock for

twitter right so maybe he had a little

over enthusiasm because he knew he was

going to sell to finance the twitter

acquisition of course that's something

that's probably played through his mind

worth considering right but anyway

you've got a company that smashed

earnings and it's down you know 16 17

from then uh it's not uncommon though

for tesla it's almost kind of like

bitcoin it's not uncommon for tesla to

have these 35 swings and so if you're a

tesla hodler you're already pretty used

to this and you actually appreciate

these by the dip opportunities now what

is the deadline for elon musk to file

the form for sec uh well with the sec

well the answer is right here it's

actually just comes right up on google

the form four must be filed within two

business days following the transaction

keyword here is following if elon musk

transaction occurred on the 26th that

means two days following would be one

day following the 26th would be the 27th

second day following would be today the

28th so sometime by maybe 5 pm eastern

time today we might see a form 4 file

that says

that elon musk has indeed sold or

started selling tesla shares if elon has

not started selling tesla shares it's

entirely possible that this pressure is

just fear that he is indeed selling and

so either we will get confirmation that

he has started selling or that he's not

selling of course one of the

frustrations here is that the team over

at tesla is really giving us no uh

answers uh about what the plans are in

terms of financing this this twitter

acquisition which is obviously a big

deal to elon musk maybe they're just

planning to do that through the forum iv

release which could be as soon as today

now there are questions about the

lawsuits and i want to talk about those

as well and sort of my thoughts here but

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extra thanks so much

all right now let's get to these

lawsuits we had three updates on

lawsuits or just recently two of them

yesterday one big lawsuit was actually

great elon musk does not have a 13

billion liability to shareholders

because of solar city

imagine if elon musk had to sell another

13 billion dollars worth of shares that

could be another

you know 15 million shares of tesla that

would have to be sold

he's free of that which is great now he

still needs to have a twitter babysitter

which having a twitty twitter babysitter

apparently does not stop him from from

tweeting crazy things like suggesting

that he wants to buy coca-cola so we

could add the cocaine back to coca-cola

yes uh that is literally what he said

right here

next i'm buying coca-cola to put the

cocaine back

in

okay in addition to that we also saw

elon musk uh reply tweet to uh this

statement from the fcc now when this

acquisition was announced the twitter

acquisition was announced by elon musk

uh and and twitter that uh i mentioned

on live tv i went on live tv and said

you know this stock has the potential of

going down twitter has the potential of

going down substantially maybe down to

30 dollars if the biden administration

the sec or the fcc comes in and says no

and that actually appears to be what the

biden administration was trying to do

take a look at this

yesterday the open markets institute

issued a release that called for the fcc

ftc and department of justice to block

elon musk's purchase of twitter they

argue the transaction poses a direct

threat to american democracy and free

speech how ironic uh and then their

release cites the telegraph act of ninth

of 1860 which really has to do with uh

you know preventing somebody from

controlling or one entity or one person

from controlling too much of

communication channels right uh and

their release cites this telegraph act

among other statutory authorities in the

context arguing that these federal

agencies have the authority to block the

deal and the commissioner of the fcc

replied and said the fcc has no

authority to block elon musk's purchase

of twitter and to suggest otherwise is

absurd i would welcome the full fcc

making it clear that we will not

entertain these types of frivolous

arguments

good news so you've got good news on

tesla earnings you've got good news on

uh you know

american government actually working

even though you've got politicians that

are complete screwballs

then you've got great news on the solar

city lawsuit

bad news that elon musk still has to get

babysat on twitter but apparently that's

not that big of a deal and yeah elon

musk got ruled against in that he was

probably misleading when he suggested

funding secured which does open the

potential for you know future

shareholder liability uh through these

lawsuits but to me the fact that the

market okay this is the big thing for

you to consider the fact that the market

is now seeing that we're 50 of the way

to a recession with a negative gdp print

and the qqq

is bouncing off the zero percent

fibonacci we're actually up one percent

and the spy is up almost eight tenths of

a percent on the day we get this

information that we could be in the

midst of a recession right now

and the market's up

that's the sign that stuff's priced in

already that's a sign of the markets

like yeah

yeah that makes sense

yeah

all right make sense

hello

like

i don't know if i opened up a chart and

i'm like where do i want to buy do i

want to buy during a recession do i want

to buy during massive fear or do i want

to buy when everybody's euphoric i'd

rather buy when people are fearful and

that is exactly exactly why you should

check out the programs on building your

wealth link down below including those

for real estate investing and joining me

in those private live streams so i can

answer your questions directly check

that out using the coupon code back to

the moon link down below because i think

we're getting ready to go back to the

moon and stay tuned for projects that i

want to buy the dip on heavy potentially

even we'll see what happens with tesla

on rebound but i was even thinking about

diversifying a little bit from tesla

into some of these other opportunities

because i think the numbers are just too

good not to be looking at certain buying

opportunities right now anyway thanks so

much for watching we'll see in the next

one goodbye