🚨 Musk’s $97.4B OpenAI Bid: What It Means for Tesla (Hint: It’s Not Good) 🚨
Will TSLA stock suffer a deja vu like it did during Twitter acquisition?
Elon Musk is making headlines yet again—this time with a staggering $97.4 billion bid to take a controlling stake in OpenAI. While this might sound like a bold move for the future of AI, Tesla investors should be watching closely… because the last time Musk made a major acquisition (hello, Twitter), TSLA stock took a brutal nosedive.
Déjà Vu: Tesla’s Twitter Nightmare
Remember late 2022 when Musk bought Twitter? He offloaded billions in Tesla shares to finance the deal, and the stock crashed nearly 65% in just a few months as investors worried about his split focus. From 360 to 108!
Now, history could be repeating itself.
If Musk needs to raise cash for this OpenAI bid, where’s that money going to come from? Likely from more Tesla stock sales—meaning more downward pressure on TSLA.
The Bigger Problem: Where’s Musk’s Focus?
As if a $97.4B AI takeover wasn’t enough, Musk’s obsession with X and DOGE has also raised concerns. While Tesla fights off competition and struggles to regain momentum, Musk seems more engaged with politics and social media battles.
Tesla just broke a key support level at $360 a level that signaled a breakout last October and had held for months. Investors are already on edge, and now with Musk distracted by OpenAI, X, and DOGE, the risk of further downside is growing fast.
Is Tesla About to Take Another Hit?
Musk’s leadership has always been Tesla’s biggest asset—but also its biggest risk. If this OpenAI bid moves forward, Tesla investors could be in for a repeat of the Twitter crash.
I alerted the short on TSLA via 375 puts last week for around $4 and these hit $14.
Today I alerted a small chase size short on 330p for $2.10 on hearing this news. Let’s see if we get a slide overnight.
What do you think? Is Tesla in trouble, or is this just another Musk sideshow? Drop your thoughts below.