Everything Money
It's a common phenomenon in the finance world that news narratives often follow stock price movement. Let's take the example of META. When the stock was trading at around $90, the news was filled with skepticism about the company's ability to monetize its platforms and concerns about regulatory scrutiny. However, now that the stock is trading at over $450, the narrative has drastically changed. The news is now filled with praise for the company's innovation and its potential for future growth.
The same pattern can be seen with Tesla. The news often criticises Elon Musk for being distracted with his other ventures or his Twitter antics. However, it's important to note that Musk has always been involved in multiple ventures and has always been an active Twitter user. The narrative that he is "distracted" only seems to surface when Tesla's stock is down. This suggests that the news is not necessarily a reflection of reality, but rather a reflection of stock price movements.