Coinbase stock price hits a new low, market cap falls below Dogecoin, tune in for Elon Musk's "Securities 101"

The stock price of Coinbase hit a new low yesterday, with a market value of less than 8 billion US dollars. Tesla's stock price is also in a similar situation. Why are tech stocks constantly declining? Perhaps we can refer to Ma's investment consultancy's securities analysis 101.

Lesson in Stock Analysis from Ma Investment Consulting

Another stock with poor performance is Tesla. Tesla's (TSLA) stock has dropped by over 60% this year (402 → 137). Besides overall economic reasons, Elon Musk's significant Tesla stock sales and recent Twitter controversies are key factors affecting the price.

Renowned investment advisor Ross Gerber suggested on Twitter that Musk should communicate with the market to reflect Tesla's intrinsic value in its stock price. These suggestions include improving media relations, Musk focusing on being Tesla's CEO, and communicating reasons for stock sales to the market.

Elon Musk responded to these suggestions with sarcasm:

Although it may be sour, Ma Investment Consulting may be right, especially when facing high-risk factors in cryptocurrencies or related stocks. The rise in risk-free interest rates could lead to even greater declines.

Go back and read your old Securities Analysis 101 textbook

— Elon Musk (@elonmusk) December 20, 2022