Toxic Tesla

Dancien

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That looks like he fell from a great distance and landed poorly. I am here for it.
 

Dakota Tebaldi

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Number of Tesla cars I have seen flying giant Fuck Biden flags: zero.

I think the Tesla crowd tends to be a bit more socially and ecologically conscious than the MAGAts. Not universally, of course, but generally.
I think that was true a few years ago. But I think any Tesla that's been bought in the last 2 to 3 years was likely not bought because the buyer cared about the environment. Cybertrucks in particular have only been bought by techbro Tesla-cultists.

As Musk has now, personally, effectively ended all US climate research there's little reason to believe he actually cares about or even "believes in" climate change, or ever did. He pretended to in order to sell his cars and once he lost the demographic that cares about climate change he stopped bothering to pretend.
 

detrius

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Not anymore. Now, to save America all MAGA must buy Tesla, so now they need them!
You're talking about MAGA.

They'll buy "cybertrucks", shoot up the chargers and then wonder why they can't charge their cars.
 

Free

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And the hits keep on blasting holes in the side of this sinking ship.

America's biggest bank is sounding the alarm on Tesla's historic value loss under Elon Musk.

As Forbes reports, JPMorgan said in a new note to clients that it's never seen anything quite like the massive value plummet at Tesla, which lost $127 billion in a single day this week as its CEO's politics become more toxic by the day.

"We struggle to think of anything analogous in the history of the automotive industry," JPMorgan analysts wrote, "in which a brand has lost so much value so quickly."
Led by automotive analyst Ryan Brinkman, the note updated the bank's forecast for first-quarter Tesla deliveries from 444,000 to 355,000 — a 20 percent drop that reflects the hundreds of billions of dollars Musk's electric vehicle company has lost in just a few months.

Driving the new analysis is the "acute" effect the boisterous CEO has had on the carmaker as he takes on a "more divisive new role in government" — which is financespeak, essentially, that Musk's politicking is utterly destroying Tesla.

"Mr. Musk's work with the Department of Government Efficiency has proven controversial domestically," Brinkman observed, per Business Insider's write-up, and "while as many members of the political right may be pleased as those on the left are displeased, the effect on Tesla sales seems nevertheless negative."

Seems nevertheless negative??? You're really pulling your punches here, Brinkman.
 

Innula Zenovka

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"Elon Musk has turned out to be an asshole. And I don't want to be driving a car built and designed by an asshole."

Click for brief video
 

Khamon

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So if the stock tanks before the banks force Musk to sell the shares he used to secure the Twitter loans, he'll not have the fake value in his portfolio, and he'll have to produce cash from other sources to pay the interest on the remaining loans. That will be good. Chancellor Lord Vought will let him fail at that point because they already don't need him any longer.
 

Innula Zenovka

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So if the stock tanks before the banks force Musk to sell the shares he used to secure the Twitter loans, he'll not have the fake value in his portfolio, and he'll have to produce cash from other sources to pay the interest on the remaining loans. That will be good. Chancellor Lord Vought will let him fail at that point because they already don't need him any longer.
I'm not so sure. According to Reuters, the major banks have now been able to sell almost all X's debt to long term fund managers. And I think I recently read somewhere that even if the value of his Tesla stock were wiped out completely, that would still leave Musk the richest man in the USA, somewhere ahead of Bezos.
 

Soen Eber

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I'm not so sure. According to Reuters, the major banks have now been able to sell almost all X's debt to long term fund managers. And I think I recently read somewhere that even if the value of his Tesla stock were wiped out completely, that would still leave Musk the richest man in the USA, somewhere ahead of Bezos.
Yes, but he's on a downward drug-and-hate-fueled spiral. It's going to be hard for any investor, vendor, business associate or whoever to trust him and their return on investment.