Tesla sales crash continues in Europe, with Germany down 70%
One important facet that our American chums might not know, is that many people in Europe already felt that Teslas were ugly, hateful cars. They were the ultimate gadget for people on a company car scheme (big tax advantages used to exist for EVs).
I think there a lot of people who would tolerate being treated as a pompous arse because of their car, but wouldn't tolerate being made fun of. In the UK being a source of ridicule to your peers is the worst insult. Musk, and by extension his cars, are a laughing stock.
Markets still seem to be pricing Tesla as a company that has large growth potential. Anyone have a reasonable case to make here for this being true?
The market is currently valuing the stock based primarily on their robotaxi initiative and humanoid robots.
How is there not a massive shareholder lawsuit against Elon Musk right now. Clearly he and his fiduciary duty could not be more separate.
Why in the world did this get flagged? Seems incredible relevant to the HN crowd.
Tesla posts delivery numbers the day after quarter end and several weeks before earnings, so that's the one to really watch out for. If they don't post anything on April 1 or 2, you know something real is up.
In general, I think Musk really failed the marshmallow test - keeping on the sidelines and working through the existing system (for autonomy, spaceflight, etc) would have been more painful, but would have delivered greater returns long-term. Instead he decided to take a shortcut by buying a president and torching the regulatory system, and he'll succeed, but will that actually pay off? Self-driving Teslas will be allowed without any questions nation-wide, but will people get into them after what he's done? Will people let Teslabots into their house? I don't think the destroyed trust will make up for the lack of regulations.
Even finances aside, being the #1 oligarch doesn't always end well - just ask Jack Ma or Mikhail Khodorkovsky. He would have been safer under the old rule-of-law American system.
Wait for the tariffs to kick in a month.
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Pretty obvious outcome given the PR nightmare
To all of the people who were claiming that the US can do whatever it wants...
...I wonder if Musk and his shareholders don't care about money from us liberal, woke, left wing Europeans? I suppose that is noble, being willing to destroy your brand for your ideals, no matter how half-baked. For someone like Musk, who mostly acts like money is the one true god, this is a bit of a mixed up philosophy. Perhaps he is not quite as smart as he thinks he is.
I wonder how long before Trump throws him under a bus.
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