Tesla's stock is crashing this week, down 17%, 30% in a month, about $700 billion gone!!! It's no longer a trillion dollar company. People are getting fed up with Musk's far right political activities. Tesla stock holders are rebelling. They've turned the tables on Musk demanding he list 5 things he did for Tesla this week. This is in response to Musk demanding the same from federal employees or they will be fired. My guess it could be Elon himself taking out massive amounts to invest in new projects thanks to his alliance with Trump.
The bigger they are, the harder they fall. Perhaps it is starting to sink in, that since his angular truck has been banned from registration in the UK, the rest of western Europe will follow. As for his other bright ideas, he should follow my advice to Donald Trump and buy a large bottle of gobstoppers before he announces them. If all this is not bad enough, due to his tyres that shred in less than 8,000 miles, we have now needed to restrict fishing in coastal waters. Via the sewage the tyres all end up in the English Channel, so we end up eating synthetic rubber fish. Perhaps I could suggest building a few plastic submarines. He could end up joining Stockton Rush.
First time I saw a Tesla, it was on the side of the road, on fire! Now I cringe when I see a cybertruck, dangerous death traps that lose their resale value more rapidly than any other vehicle sold. Except maybe for the Corvair, which was unsafe at any speed according to experts.
Same ... 1st Tesla I saw was on the side of the freeway, burning as it was entangled with a 2nd tesla. A local Doctor driving one and a family of 4 the other. The Doctor survived, the family didn't.
Tesla dropped another 15% just today! I reckon that's more than 200 billion in a day. The Dow was also down 700 points while the NASDAQ lost more than $1 trillion today too! Way to go Elon and Trump, making the Stock Market Great Again!
Tesla was already inflated for a long time based more on marketing and Musk cult than anything, and then overinflated even more when Trump got elected, so some correction would probably happen anyway sooner or later. But with sales drastically falling, at least in Europe, the dowtrend will probably continue beyond that.
If I were on Tesla's board, Musk would be thrown out. Shareholders are getting hammered for his political bullshit. Again, it's more crazy rich people not giving a shit about the working people who actually pay taxes.
Let's hope they have a better chance than the miracle fuel cells....whose patents got eaten up by big oil...
Elon's lies and false promises and undelivered products and features and Tesla investment frauds are second only to all his SpaceX frauds. He is the biggest fucking dishonest crook on the planet. Musk and Trump are both pathological liars. That this rotten con artist was put it charge of government efficiency is the sickest saddest joke on the planet. There are no words to describe the levels of disgraceful evil lying hypocrisy of the Trump administration. There are no words to describe what kind of sick brain dead fucking tools fall for their endless lies.
States heading for recession. How is the fuckwit in the White House going to sell that to the gullible and sycophants.