The world is fleeing Tesla because Musk is now so toxic.
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This is the transcript:
If you want to have a laugh right now, and there aren't many to be had in the world at this moment, then have a look at Tesla's share price.
Tesla is of course, owned by Elon Musk.
Last December, soon after Donald Trump was elected, but before he got into office, the share price of Tesla had reached $480.
Now it's $240.
Musk's time in the US government has halved the value of Tesla and therefore massively harmed Musk's own wealth.
Why is that? Because people have seen how bad Musk is at management.
People have seen how he's trying to destroy the USA by destroying its government.
They hate his cars as a result.
They're not buying them as a consequence, not just in the USA, but around the world.
This is now a toxic brand.
The days of Tesla are over, and the only way they'll get back into any right shape is by getting rid of Musk.
The same as the only way that the USA will ever get back into right shape is by getting rid of Musk.
That share price is going down, down, down, down, down, and there's nowhere else for it to go.
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[…] morning's video is, I admit, an experiment. The theme has already been addressed on this blog, as many readers […]
Its valuation is still a huge multiple of the revenues. It always was a bet on the future with FSD technology. After nearing 10 years of broken promises with that and companies like BYD apparently making faster progress to catch up, the market domination of autonomous vehicles that was the promise behind the share price seems doubtful.
Aside from Musk making the brand toxic, the value proposition is also shot.
Agreed
Best news I’ve had in weeks.
Happy days.
The potential customers have said the reason is that the cars don’t make economic sense without the subsidies, and those with personal driveways and company benefits have pretty much filled their available niche with purchases already.
It’s pretty hard to sell green for long journeys to people buying with their own money.
The reasons given by AI for the drop are Sales Decline in Europe, Market Conditions, Trade War Concerns and Wall Street Downgrade. These overlap.
But seriously, the way markets work is that if the most horrible but legal person on the planet was selling the right product at the right price then people would still buy it. How do you think Scrooge got rich?
What’s amusing about this comment is that it shows that the Musk bot farm is working.
This got posted four times, simultaneously, under four different names and email addresses, but one url.
So Musk the destroyer can’t even run a bot farm properly!
It’s quite funny really.
How did Scrooge get rich? Seriously. This is some form of argument? Firstly it was a work of fiction. Secondly he was a miser – which is nothing to do with how successful his business was. As I recall, he was a money lender and debt trader, dealing in the financial indebtedness and misery of others. And third he may have been financially rich but he was poor in everything that matters. Until he realised the vacuousness of that existence, and reformed his ways.
Very good
Just a pity that in the UK we don’t see anywhere near the falling out of love with Tesla that we do elsewhere. Perhaps Musk has more admirers here? Certainly NOBODY who bought a Tesla to be ‘green’ can anymore think that buying one achieves that aim, given the person Musk supports (currently trying to give Trump another 100 million dollars for his PAC) is totally anti green anything or sustainability anything. So, all those right on people who had more money than sense when looking for an electric car – given Tesla are way more expensive than something from Toyota, for example – have really got egg on their face now. Quite amusing really, given how much ‘virtue signalling’ owning a Tesla was all about. Not so ‘virtuous’ when the bloke who owns the company goes round giving Nazi salutes!
Much to agree with
Oh Richard! The short is truly excellent, pithy, direct, absolutely spot on 🙂
I read elswhere that UK is different to other car markets as 60% of cars are leased and the leasing companies place their orders two or three months in advance. That’s why Tesla sales in January and march have not fallen as has happened in other countries
Interesting….
So where’s the shareholder revolt? Where’s the disgruntled senior executives coup or buy out?
Why is nobody within Tesla nor the investors doing anything?