Source is below. Just wanted to see what you guys think?
From the article:
Musk is fully steeped in the VC-to-forum-poster hype cycle outlined above, so I have to believe he knows that eventually valuations can get so high—not based on actual product success but on the psychology of wannabe exponential growth investors—that shareholder demands end up steering the company more than he’d like, especially since he takes obsessive control over the company's image, operations, and stock price.
So I would not be surprised that in a moment of clarity, he decided to tank the stock because high prices and high expectations from stans were setting him up for more long term scrutiny than him being in trouble with the SEC short term. And maybe then the Tesla price stabilizes again with lower expectations as he continues to try to build a profitable car company in the midst of a global economic collapse, which is hard enough without a bunch of Bless You Stonks God reply guys and r/WallStreetBets bros battering your mentions for months by begging you to save them from economic ruin by doubling their Tesla investment in the next three weeks.