Toxic Tesla

Jopsy Pendragon

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I agree with this sentiment, though like Jopsy pointed out, there are probably a lot of false flag operations going on. I wouldn't put it past MAGAs torching Teslas to try to make us look bad.
I'm only half sarcastic. Were things reversed, the entire MAGAmedia empire would be parrot-screeching "False Flag!' 'Crisis Actors!', 'Agent Provocateurs!' 24/7 for the next month. Given how often they resort to that, and their projection/"Every Accusation is a Confession" track record, it stands to reason that there's better than even odds they deliberately inflicted this on themselves to make us look bad. They're so desperate to demonize us for anything tangible that they've had to resort to making shit up and deliberately misinterpreting shit over and over for years.
 

Soen Eber

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Pheffgh, a 10% share drop is just a market correction, considering they've never made a profit it should be at 10% of it's current value. If we can't be realistic we're just comitting a crime to truth like they do every time they open their mouths.
 

Innula Zenovka

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According to the Financial Times,

“Tesla had a very strong brand value and Elon has managed to totally destroy it,” said Per Lekander, managing partner of $1.5bn hedge fund Clean Energy Transition, who first went short on Tesla several years ago. “[Musk] is on the wrong side of his buyership. It’s not people with cowboy boots who buy Teslas.”

JPMorgan last week lowered its end-of-year Tesla target price to $120 from $135, writing in a note: “We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly.” Shares closed at $238.01 on Monday.
ETA


Elon Musk’s vast stake in Tesla is no longer his most valuable asset as the electric car company continues to endure a sharp stock market sell-off.

Musk’s stake in SpaceX, his private rockets and satellites business, is now the billionaire tycoon’s largest asset for the first time in five years, according to Forbes, which still pegs his net worth at $323bn – more than anyone else in the world.


His SpaceX stake is worth an estimated $147bn, about $20bn more than his shares in Tesla after the carmaker’s shares halved since December.
 
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Looks like some of the board are...bored with Musk's antics and Tesla's deflation of their investment portfolio.

As Tesla's shares continue their monthslong slump, even its executives and board members are starting to jump ship.

As ABC News reports, four top officers at the company offloaded over $100 million in shares since early last month — suggesting that even insiders see troubling days ahead for the Elon Musk-run company.
 

Bartholomew Gallacher

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Well, that's the problem when your public figurehead starts to turn into a right extremist asshole: it ruins your image as a brand totally and globally.

And your new friends, the MAGAists, are still having too much fun driving their ICE pickup trucks, they hate your shit.
 

Casey Pelous

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Looks like some of the board are...bored with Musk's antics and Tesla's deflation of their investment portfolio.

I can't remember the name of the hypothesis, but it has to do with the cyclical nature of investors' risk tolerance/aversion. When things are pretty stable, risk tolerance increases. Indeed, due to the insatiable demand for higher financial performance, it's no longer risk "tolerance" but risk "demand." At the high point, you get ridiculous overvaluations like Tesla's. Tesla gives every indication of being on the verge of digging a huge, very public smoking hole. When it does, risk aversion will take over, which will affect large chunks of the stock market.

Since Elmo seems to be setting up the biggest heist in history for himself, Tesla's collapse is probably, to him, unfortunate but acceptable collateral damage.
 

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Oops.

Tesla’s (TSLA) accounting practices are raising red flags as a new report from the Financial Times shows that $1.4 billion is missing.

Many Tesla shorts and detractors have questioned Tesla’s accounting for years, but they have never gained much traction – until now.

Today, the Financial Times has released a new report pointing to a $1.4 billion gap in assets:

Compare Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that money was spent on, and $1.4bn appears to have gone astray.

The article points out that Tesla reports having spent $6.3 billion on “purchases of property and equipment excluding finance leases, net of sales” in the second half of 2024, while property, plant, and equipment rose by only $4.9 billion in that period.
In my brief experiences working for a public company, one thing taken very seriously is making sure the financing is fully accounted for.
 

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Innula Zenovka

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Khamon

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He straight up said choose between government work and CEO; quit one or the other.
 

Jopsy Pendragon

The White House Felon is serving Putin, not us.
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