Pinno718
Regular
I'll eat my hat if it isn't illegal.
In a perfect world, Trump gets ousted and he and all his sycophants end up in court for years.
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I'll eat my hat if it isn't illegal.
In a perfect world, Trump gets ousted and he and all his sycophants end up in court for years.
Rusty Nails
Country Member
Aiui Tesla counts sales as cars delivered, so these cars were ordered some months ago. It would be interesting to see numbers of orders made, particularly as the dislike of Musk has ramped up recently.
I doubt whether the forecasts of doom for Tesla are as permanent as they are being made out. People are fickle. But it will still hurt the company.
CXRAndy
Über Member
People overall don't care about Elon Musks politics.
They know Tesla make an excellent product, backed up with the best supercharger network.
In a few weeks everyone will have moved on
Rusty Nails
Country Member
Who are people overall? Clearly some do care.
It is clear that the drop in sales is due in large part to attitudes all around the world to the man's very public involvement in politics. Not just in the US but he cannot stop sticking his nose in the politics of other countries based on very little knowledge other than via his X platform.
Many will have moved on but some damage has been and will be done.
Dorset Boy
New Member
Clearly as the graph I posted earlier shows, people do care. Hence the plummeting sales of Teslas across European countries
CXRAndy
Über Member
I don't think it will last, the hysteria will die away. Things will return to normal, life will go on.
In the meantime, what a plonker, literally caught in the act, now arrested, with a felony charge looming
View: https://x.com/niccruzpatane/status/1907651457706308083?t=r9pROX8Vy6vyFjQFgpzHzA&s=19
Blazing Saddles
New Member
Does anyone bother to watch these inane videos that our resident Karoline Leavitt keeps posting in response to any bad news for Tesla?
I am guessing no….
I am guessing no….
classic33
Me
AndyRM
Elder Goth
stowie
Well-Known Member
I will certainly give you the supercharger network argument, although with open superchargers and improving charging networks the gap (which was huge) is starting to narrow. Plus most people with EVs use home charging since public charging is way overpriced.
The Tesla being an excellent product - it was certainly differentiated 5+ years ago. I have driven a few Tesla models. They are good. Some are very good. They drive well. Their ADAS features are class leading for the price (although other manufacturers are catching up fast). Even now the build quality is just OK. The design is starting to look dated even on facelift models. They seem to be slow with new models just at a time that competition is becoming fierce and they need an edge. Cybertruck seems to have been a poor decision both inside the US and outside.
The politics may not matter to many, but the brand image for cars absolutely does. A colleague recently bought a Tesla. Even he calls it the Swasticar and he is no bleeding heart liberal. He bought it as a second car because the price discount deals and financing was simply incredible. Tesla can't rely on discounting and low finance deals in the longer term, a firesale isn't a long term strategy. Plenty of brands have lost their edge for more inane reasons than Tesla and gone from hero to zero.
Even this isn't really the key problem for Tesla. Their core issue is that they have a company valuation at 132 p/e trailing and about 100 forecast. This is huge - even those at the forefront of technology hype waves like AI are significantly lower. Most of this rests on Musk. He has a reputation for taking companies and increasing company value manyfold. The high P/E will assume Musk will do the same with Tesla - namely in autonomous driving and something around robotics (although what with robotics seems vague for everyone). For this valuation Musk needs investors to believe in Musk, which they seem to have shown a great inclination to do in recent years despite missed deadlines and very lacklustre delivery of promises. If this belief wanes, then Tesla could see serious stock price falls as people might start to wonder why Tesla is different to other similar companies trading at single digit P/E.
Tesla is at a critical point in their company history. China has the technology, scale and will to dominate their market. Even European manufacturers seem to have found their mojo in EV to some extent with very funky and "cool" cars being developed for mid priced vehicles and the German companies moving to concentrate on high end luxury (a visit to my local BMW showroom demonstrated no car on the showroom floor below £70k). Tesla cars are a good product, but they need to accelerate their innovation and keep their perception of technology leader precisely at the point that their founder who is bound closely to their brand image is busy being very weird and divisive.
Xipe Totec
Something nasty in the woodshed
So it's the very same pearl-clutching Wokies, deserting Tesla in droves after Musk outs himself as Incel Hitler - but who simultaneously just don't care about 'his politics', and go trundling obliviously around in their Exploding FashMobiles with nary a care in the world?
It's Schrödinger's Lefty, isn't it?
Pinno718
Regular
So it's the very same pearl-clutching Wokies, deserting Tesla in droves after Musk outs himself as Incel Hitler - but who simultaneously just don't care about 'his politics', and go trundling obliviously around in their Exploding FashMobiles with nary a care in the world?
It's Schrödinger's Lefty, isn't it?
Schrödinger's cat is dead.
Pinno718
Regular
We don't really know do we?
I mean, the Tesla share price has always been over inflated. Musk announced x, y and z and every time he announced the launch of a new product the share price would bounce upwards - despite the fact that often (and in the case if the roadster MK2), these new products were/are universally late. So even without material outcome, Musk had the ability to create future prosperity. A very odd reaction in any market.
Until the Tesla share price actually reflects Tesla's worth, we really have no idea what the true value is.
The Tesla brand is now toxic to many. Brand image matters to consumers and the brand is tainted forever. The Musk salute is indelible. It cannot be deleted. His association with the far right before was not in the public eye and now it's glaring and toxic. (Redneck reps. don't buy electric cars; V8 pick up trucks are best for enlarging one's ding a ling and carrying XM7's, metaphorically speaking). Tesla's market share is slipping rapidly. Sales are down (bar loss leader/cash generator sales/back orders). There's no new models on the horizon. Even without his political diversion, Tesla is facing stiff competition and this means any future models/software packages) will all be playing catch up, whereas before, the brand was leading. Musk's golden touch has been completely shattered. Failing to deliver matters now whereas before, the innovation created sufficient hype - material or not.
What makes me giggle is that tariffs (Musk's bes' frien') will affect sales and profits at a time when Tesla is struggling. The US economy is not looking good either so US sales will fall even further. Global market downturn will not promote sales of what is now an overpriced EV that no longer represents VFM.
The Giga plants in China and in Germany could quickly become obsolete. The Chinese Giga plant was built on borrowed money.
Not even British Leyland can match Tesla's fall.
We won't know until Tesla shares hit a steady point of value. What is that point? At what point does the share value, assets and sales no longer service the debt?
(At eoy 2024, $13bn). Any companies health, whatever it's size can be simply be judged on the Litmus cash flow.
Asleep yet?
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CXRAndy
Über Member
Only to the deranged. Have you seen the level of humans that are protesting outside dealers.
They are of no concern, probably can't afford to buy a Tesla
They're hilarious to watch 😂
CXRAndy
Über Member
Certainly tragic. The fella just for a moment lost his mind.
He will plenty of time to reflect on the fine, felony conviction.
