Tesla cars are on fire, and stocks are falling, but Musk is not to blame

Tesla cars are on fire, and stocks are falling, but Musk is not to blame In early October, Tesla published another loss-making report, after which Musk activated the topic of ending all wars in his 100 million Twitter account. He managed to temporarily shift the focus of the market from Tesla to geopolitical issues, but then the share price fell by only 5-8%, and the fall is already 50% from fresh highs.The reason for the global fall in stock assets is understandable - this is a reaction to the tightening of monetary policy, but only Tesla, almost alone, lost more than 30% in a month. So what's going on?The reason is the consequences of the recent hurricane Ian. It was formed almost on the day of the beginning of the active decline in stocks (NASDAQ: TSLA), but a day after the hurricane reached the US coast, a speculative drop of 15% began - and this was even before the publication of the report.The hurricane revealed a new problem in Tesla electric cars: after flooding with salt water, these engines are prone to spontaneous combustion, while such a fire is extremely difficult to extinguish, and it takes up to six hours to completely destroy the car. The flow of complaints from consumers is only growing.If this technological problem is not resolved as soon as possible, then the countries that consume the products of the scandalous company may impose a ban on the sale of electric vehicles in regions with a high probability of water disasters.We have to save the reputation of marketing methods.So Musk's tweets are quite relevant: the suspension of military conflicts gives a chance to resume supply chains and sales in problem regions. Elon also launched more provocative ideas online, such as selling perfumes with the smell of burnt hair, as if hinting that almost everything can burn - both hair and electric cars.But these attempts have not yet yielded financial results. In any case, we do not recommend opening new positions for Tesla yet.Profits to yall!