Let me explain it like you are a (very smart) 5 year old. Prices go up when more people want to buy something than sell it. They go down when more people want to sell than buy.
With Tesla, more people want to sell than buy for a multitude of reasons: cashing out on the 2020-2021 rally (20x), seeing it as over valued in 2022 or just seeing Elon not paying enough attention to Tesla.
With Meta, people are selling cause we’re in a recession and Ad spending goes down hard in recessions. Additionally, you have Mark burning money on the Metaverse which no one thinks is a good idea (he’s not selling anyone his vision on the metaverse but since he controls the company with more than 50% of the voting shares, he can do what ever he wants).
Long story short, investors have lost confidence in these stocks.
With Tesla, more people want to sell than buy for a multitude of reasons: cashing out on the 2020-2021 rally (20x), seeing it as over valued in 2022 or just seeing Elon not paying enough attention to Tesla.
With Meta, people are selling cause we’re in a recession and Ad spending goes down hard in recessions. Additionally, you have Mark burning money on the Metaverse which no one thinks is a good idea (he’s not selling anyone his vision on the metaverse but since he controls the company with more than 50% of the voting shares, he can do what ever he wants).
Long story short, investors have lost confidence in these stocks.