This is how the price of shares in Tesla has moved over the past year:
The price was $479 in December and now it is $240. It has halved, near as dammit.
Sanctions have been imposed on Musk. His whole gain from Trump has been wiped out.
You could not make this up.
There is also only one direction from here. It's:
Get down deeper and downDown down deeper and downDown down deeper and downGet down deeper and down
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As I understanding it Musk’s wealth has reduced from about $400 billion to about $300 billion.
It could halve again and again and again, but even one billion ought to be more than enough for anyone.
Agreed
I note you are using music more often now.
There was an American politician whose name I forget who said ‘I do’t care who writes the laws as long I can write the songs’ or something like that.
Maybe he had a point.
🙂
Andrew Fletcher of Saltoun – the most prominent anti-union politician in Scotland in the early 1700’s.
“If a man were permitted to make all the ballads, he need not care who should make the laws of a nation.”
It’s almost prescient of Mayer Amschel Rothschild’s later quote: “Let me issue and control a nation’s money and I care not who writes the laws.”
https://www.theguardian.com/technology/2024/dec/02/elon-musk-tesla-pay-package?CMP=share_btn_url
I’m no great fan of Musk …. But I do favour rational assessment… So let’s not laugh yet.
Graph shows Tesla’s share price back where it was in Nov 2024. I’m guessing (TBC) share vale of most car manufacturers haven’t changed much since Nov 2024. I strongly suspect the share price fall has a long way to go!
In addition European countries are now looking to alternatives to Starlink. EU was already looking for a European solution. Recent behaviour will have made the case.
But: Musk has won in other areas. About 28 federal cases are dropped/stalled…… It’s another short term win……..
If their power grab isn’t complete soon, they’ll be vulnerable to the backlash and reimposition of law.
So I reckon that graph doesn’t tell the half of it ….. Now that might be grounds for smiling ……
It is the inflexion that matters
Which is why I suppose he needs to steal all the other stuff he has been getting his hands on – tax cuts included.
By conventional measures Tesla is still massively over-valued.
While Trump is now shilling Teslas to MAGA, the issue they have is the MAGA fan-base are largely skeptical of electric vehicles and prefer conventional cars, and most of the more highly educated, environmentally conscious potential customers are very much against Trump’s ‘drill, baby, drill’ and unlikely to be positively swayed by that.
At some point they have to know their target customer base.
A rare spot of good news and something to laugh about in these ghastly times Richard.
Personally I cheer when I hear that another Space X rocket launch has failed, and I sincerely hope Tesla, along with every one of this ghastly man’s companies, goes bust sooner or later.
Perhaps I lack empathy for poor old Elon eh? Still, since he thinks empathy is the end of Western civilization he can’t complain can he?
I’d no more buy anything Musk has any financial interest in than I would buy anything that the whining tax dodger Dyson can make money from. ‘Clever’ men, but utter gits.
Unfortunately, that is USA taxpayers money being spread across the Caribbean, not Musk’s.
The FAA had stopped him doing any more tests until they had the rocket and other systems sorted out, but that went out the window when Trump got in.
Not only are they having to divert flights, but lumps of the rockets are landing close to the islands. It is only a matter of time before someone gets seriously injured or killed.
Shame, I was hoping Musk was losing money on his biggest toy yet project.
Those damned regulators like the FAA eh? Or ‘blockers’ as Starmer would put it. Can’t have tedious H&S cconcerns getting in the way of business can we?
Schadenfreude can be delightful sometimes. I was also intrigued by The Donald’s marketing plug for Tesla the other day and wondered how other American electric car manufacturers might feel about that.
Perhaps the other manufacturers might actually be pleased at Trump’s plug for Tesla. It moves them away from both men which perhaps is good for business.
JP Morgan target share price for Tesla is now $120. It makes you wonder is that the bottom? or could there be more downside? One does hope so.
$0 per share sounds good to me Mr Parr…………………….
The FT reports that Tesla have sent an unsigned letter to the White House warning that “US exporters were exposed to disproportionate impacts when other countries responded to US trade actions”.
The letter was unsigned because ” no one at the company wants to be fired for sending it”.
A source said” it’s a polite way to say that the bipolar tariff regime is screwing over Tesla”.
What a surprise.
It’s still up 48% over one year according to that chart!
Why the market got so excited about it in Nov/Dec is a mystery, especially as Trump was about to take office. It doubled in price.
Despite the sell-off, Tesla has a market cap of $754 billion. The PE ratio of 118 is way above the market average as well — currently 27.58.
https://www.multpl.com/s-p-500-pe-ratio
Still looks very overvalued, I suspect it could fall a lot further.
Musk and his politics is killing his brand. Twitter-X is a dog’s dinner, and Starlink may need all those US government contracts, as others are dropping it – especially the EU.
A draft of the EU’s White Paper on Defence advocates for the EU to fund solutions for Ukraine “that can be provided by EU-based commercial providers.”
Starlink has around 40,000 terminals operating in Ukraine, key to their ability to fight. The EU are looking for alternatives since Musk threatened to turn it off.
They should drop Starlink asap. Musk is a loose cannon, and like Trump cannot be trusted.
https://www.euractiv.com/section/tech/news/eu-should-fund-european-starlink-alternatives-for-ukraine-draft-commission-plan-suggests/
The trajectory is what matters
Not noticing the inflexion misses the point here.
You might like this from 2022:
https://www.independent.co.uk/news/world/americas/us-politics/trump-musk-twitter-rally-alaska-b2119710.html
From what I have seen Tesla the valuation seemed wildly out of line with existing car makers even before the recent hike.
Yes they have a ‘legacy’ technology but…….
Musk reminds me of Labour. Tesla’s chasing the MAGA custom now when his customers really are liberals in US and people who’d position themselves in the centre or left of the centre politically in the rest of the world, Labour’s chasing Reform vote by turning into Reform light and ends up surprised that Reform’s predicted to win Runcorn by-election – and not because Labour voters would vote Reform, but because Labour voters are saying they won’t vote at all. You do have to know who your customer base are – and both Musk and Labour are lost there completely.
Much to agreew with.
The Nazi salutes – Musk’s Ratner moment?
Tesla over valued. Musk using his Tesla stock to take out loans on Tesla, SpaceX and Twitter. Would be very interesting if Tesla lost enough value such that his loans were recalled and he had to cough up tens of billions.
He’d been on his own at that point with no help from Don the Con.
From the BBC website and reported elsewhere:
“Elon Musk’s electric carmaker Tesla has warned it and other US exporters could be harmed by countries retaliating to Donald Trump’s trade tariffs.
Mr Musk is a close ally of the US president and is leading efforts to reduce the size of the federal government.
But in an unsigned letter addressed to the US trade representative, Tesla said while it “supports” fair trade it was concerned US exporters were “exposed to disproportionate impacts” if other countries retaliated to tariffs.”
Those unforeseen consequences of trade wars! Well, unforeseen to Musk and Trump.
Worried much, Co-President Musk?
I hope so
I wonder how long it will take the Americans who voted for Trump to realise that in draining the swamp he has infested it with his own loan sharks?
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