Sales tank as investors get ready to decide whether to make Musk a trillionaire.
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After a great Q3, Tesla sees double-digit declines all over Europe
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I wish that my manager would give me a raise for watching Lord of the Rings clips on YouTube instead of doing my assigned work.
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Once you accept that TSLA is a meme stock and has little or no connection to profit earned by and long-term prospects of Tesla the company, then the answer becomes obvious. Yes, they will continue to shovel money at Musk, because if they don't, the meme collapses.
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Just what you look for, when deciding whether to throw a $1 trillion stock bonus at the leader of the company... massive drops in sales, that aren't just a one off, but a collapse in that's been continuing for months. At the same time, its competitors are looking at double digit increases in sales, for the same period.
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I finally replaced my elderly diesel car with an EV this year. Tesla wasn’t even under consideration due primarily to Musk’s fascist turn, and secondarily due to his increasingly incoherent management.
The Kia EV3 I got is pretty nice in my opinion!
The Kia EV3 I got is pretty nice in my opinion!
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I am sure the new AI Sun Blocker division will bring trillions in blackmail revenue
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I doubt even the violin playing Tardigrade is small enough for me in this case. /s
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Admittedly I don't really understand stocks, but I'm thinking that people need to keep actively buying Tesla stock, not just hold on to what they have, in order for it not to crater, right? If that's true, how much money do people have to spend on Tesla stock over the next month to keep this going?
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Simpsons Already Did It (well, only for Springfield)I am sure the new AI Sun Blocker division will bring trillions in blackmail revenue
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ColdWetDog
Ars Legatus Legionis
It seems like Musk speed read the first 50 pages of every SF book in the 1950's and 60's. And then remembered about a quarter of it....I am sure the new AI Sun Blocker division will bring trillions in blackmail revenue
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Everyone was pointing to Lisa taking over after Trump's first term, but it seems that it is more likely to happen after his second term. So I'm taking the Simpsons with a grain of salt here. /s
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There is still a car company beneath the meme stock. At this point, the responsible thing would be to spin out the car company (under a new name that is free of the Musk taint) and give it a chance to succeed.
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Apparently, the only thing he got from the Culture series was the funny ship names.
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Spoke with an investor at my company and his claim is that what Tesla really wants is for their OS to be the default in all electric vehicles. As I understood they want to be Microsoft Windows for cars.
I am not that particularly clued in how good their OS is but I find highly unlikely that they will accomplish that.
Edit: Clarification. The guy I spoke with had in mind Full Self-driving when making the remark. As in, he thinks that when Tesla achieves that they will sell it as part of a OS-bundle sort of thing.
I personally doubt that they will achieve that.
I am not that particularly clued in how good their OS is but I find highly unlikely that they will accomplish that.
Edit: Clarification. The guy I spoke with had in mind Full Self-driving when making the remark. As in, he thinks that when Tesla achieves that they will sell it as part of a OS-bundle sort of thing.
I personally doubt that they will achieve that.
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Seriously, has no one ever watched a James Bond movie? How is this guy not the bad guy?
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Didn't Mr Burns try something like this in the Simpsons?I am sure the new AI Sun Blocker division will bring trillions in blackmail revenue
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Exactly -- just look at the stock right now. No, it hasn't jumped (up 0.6% at the time of me writing this), but for any real company you'd expect it to be tanking right now.
Good news is good for $TSLA, bad news is good for $TSLA, should tell you something.
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Arguments by Tesla's hopelessly conflicted board about the importance of passing Musk's trillion-dollar compensation package come dangerously close to admitting that Musk's hype is Tesla's most valuable asset.
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Spending a trillion dollars to build "the Windows of cars" is such an egregiously bad plan.
Windows itself isn't that profitable, and it's a way more privileged piece of software in your life. You bank and talk to friends and watch movies on your computer. It's a channel for data and advertising unlike any other.
Your car... uh, when you don't already know the area, you sometimes ask it for where a gas station is? It knows where you work and where your home is? That's not exactly thrilling high-stakes information
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For good or for ill, Google already has that place. Most EVs and most new software dependent cars run on Google Automotive; Wikipedia has a long list. Even the newer Fords including the 2025 Mach-E. (Not to be confused with Android Auto the phone projection system.)
Lucid is gunning for the other parts of all EVs to all be licensed from their IP, good luck with that Saudi Wealth Fund. Everyone wants to be Oracle and Larry Ellison.
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50-80% sales drops is about what I'd expect, given how much he seems to want to meddle in European politics where he's not wanted. It gives me more interest to see what their numbers look like in their next quarterly report now they don't have the subsidy expiration in the US to juice their sales.
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I am sure the new AI Sun Blocker division will bring trillions in blackmail revenue
Realistically, the growthist system will eat any headroom that technical solutions to climate change (geoengineering, nuclear power, etc) provide anyway. It's kind of how the system works.
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Musk Middle Earth Rogan interview comments: https://nitter.poast.org/daraobriain/status/1985343746615947685
As Mr O Briain says: "genuinely insane"
EDIT: Twitter link for those with strict settings which may block Nitter video playback:
View: https://x.com/daraobriain/status/1985343746615947685
As Mr O Briain says: "genuinely insane"
EDIT: Twitter link for those with strict settings which may block Nitter video playback:
View: https://x.com/daraobriain/status/1985343746615947685
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The meme bubble is already collapsing: the US EV incentive tax credit for buyers went away at the end of September, and China is making increasingly better and cheaper EVs with more sustainable battery technology. The EV credit was the only thing keeping their sales up in the US (aside from some political brand loyalty).
Tesla is yelling about its AI and waldo operated controlled demo robots. They haven't had any innovations in the past few years unless finding new ways stainless steel can rust in the past counts.
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Wasn't that the premise of the second (bad) Highlander movie?
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There just aren't enough mainstream car buyers who are that bothered about or engaged in politics to completely explain these drops.
Don't get me wrong, I'm sure it's a factor, but as someone UK based I'm confident in saying what's really killing Tesla here just as much is the Chinese competition have caught up with and in some ways surpassed their cars while selling them for significantly less money.
Even given that the Model 3 and Y have changed significantly under the skin over the years, they are seen as old designs by the general car buying public.
Don't get me wrong, I'm sure it's a factor, but as someone UK based I'm confident in saying what's really killing Tesla here just as much is the Chinese competition have caught up with and in some ways surpassed their cars while selling them for significantly less money.
Even given that the Model 3 and Y have changed significantly under the skin over the years, they are seen as old designs by the general car buying public.
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I originally invested in Tesla because of their world class technology and engineering, but cashed in when Musk started going off the rails. In recent years they have been rapidly overtaken by Kia, Hyundai and others in technology AND design to the point that even putting morality aside I'd never consider a Tesla these days.
If Musk wants to rebuild the value and sales he needs to step aside, not reinforce his dictatorship.
If Musk wants to rebuild the value and sales he needs to step aside, not reinforce his dictatorship.
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Turns out being a Nazi asshole has ramifications,
Tesla off the list due to Elon, GM off the list due to axing CarPlay to sell my data.
Tesla off the list due to Elon, GM off the list due to axing CarPlay to sell my data.
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Was going to post a longer reply but am having to vacate my nice Hobbit hole to defend the village against the thousand rapists that have just turned up.
1. Read the link.
2. Fuck Musk. Was trying to think of something more profound but… fuck Musk.
1. Read the link.
2. Fuck Musk. Was trying to think of something more profound but… fuck Musk.
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Musk changed the face of global politics with a 44 billion purchase, can you imagine the power he will have with a trillion? 44 Billion will really seem like "chump change".
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Electrek pointed out yesterday that even if Proposal 4, the one that would award Musk up to $1 trillion in stock, is defeated, Proposal 3, which restocks the employee compensation share reserve, is likely to pass. Proposal 3 includes 60 million shares for employees, but it also includes 208 million "special" shares for Musk worth around $90 billion at current trading rates that the Board can issue at its discretion.
Proposal 3 is important to pass because the Board emptied the share reserve to give Musk his last $26 billion bonus and employees either aren't getting anything or are getting vastly less without refilling it. Since many engineers and other skilled employees have stock as a major part of their compensation, it could result in them leaving in droves if it's not passed. It's a poison pill.
Proposal 3 is important to pass because the Board emptied the share reserve to give Musk his last $26 billion bonus and employees either aren't getting anything or are getting vastly less without refilling it. Since many engineers and other skilled employees have stock as a major part of their compensation, it could result in them leaving in droves if it's not passed. It's a poison pill.
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