Technology

They might finally develop the affordable, mass market car that Musk has been claiming is in the works for years, instead of idiotic and expensive passion projects like the cybertruck.

I've got coworkers who literally think Elon is humanity's savior. This came up today (shared a pic of a tesla w/ a bumper sticker that said "I bought this before we knew Elon was crazy..." and they IMMEDIATELY started gargling his metaphorical balls).

There's a tiny sliver of market that represents the overlapped portion of 1) hopeless rednecks, and 2) people interested in owning an electric vehicle... that's Tesla's target customer. It's gonna saturate in a hurry, but it's also a cult-like following of cash cows eager to be milked. My money's on Tesla's performance steadying out and maintaining a not-great but not-bad-enough-to-tank-the-company level of financial success.

Depends on what you mean by "recover". It might recover in the sense that the entire company won't go bankrupt and will find a sustainable way to continue existing, but it will never recover to the current stock worth. Tesla has been grossly overvalued as whatever huge potential it had has been squandered. The stock will drop regardless of what Tesla does and it's highly unlikely it will ever reach such worth ever again.

It’s not just his image. He’s an awful manager and has made some atrocious decision in the last few years affecting Tesla employees, customers and shareholders… even people who don’t buy teslas due to the unsafe FSD. He’s made Tesla a financial and physical danger to the public.

Unfortunately this is gonna bite NASA due to them handing the lander mission to Musk and his bogus claims, and in that case there won't be many competitors ready to pick up the slack

looking for untainted brands.

I wish them good luck for the hunt

It's the fault of those 9% he fired, so everything is fine now.

/S

Yet another CEO of a luxury item company that thought fame made him untouchable finds out that running your mouth off will turn people off from buying something they don’t actually need. If you sell a product favored by progressive and left leaning individuals and go on right wing rants you’re gonna have problems. That, and massively under-delivering on promised car features.

*I figure at the price point Tesla cars are they are indeed a luxury item. It’s a luxury to be able to afford them and afford the statement an owner makes by buying one (early adopter, environmental, whatever) There’s plenty of ICE cars, hybrids, or PHEV that are cheaper, more reliable, and have better service availability.

It's weird, because in many ways he could've been viewed as a champion of the left. He owns one of the largest brands in "sustainable" travel, owns a space company, and has money to burn.

I think he probably had a mental breakdown a few years ago, and that what we've seen is from him is basically untreated mental illness, exacerbated by being pals with the likes of Rogan and Chappelle, two guys that can handle fame and not give a fuck.

But things could've been very different if he weren't such a cunt.

Also, the resale values are…not good.

I wonder if there was ever an entry-level model to begin with. It's been on the cards for about a decade, and many people have looked at Tesla saying "wow, a good electric car, I'll definitely get one once they're affordable".

Yeah. Especially considering EVs were generally going to be more appealing to younger people as new technology that demonstrates care for the environment and future

No, never short Tesla. The market can remain irrational longer than you can remain solvent.

I would have thought the same thing but the after hours ticker has the stock up damn near $20 which is just insane to me.