Tesla is facing stiff competition everywhere around the globe, they haven't launched a successful new product in over half a decade, they post some of the worst results they have ever had, and somehow their stock went up today?
How much can longer can this reality distortion field hold?
This is a poor piece written by someone who does not like Musk (or who is shorting Tesla) and as a consequence has written a piece more like Fox News than The Atlantic.
For example:
"a boss who’s made the brand so toxic that people would rather go to his dealerships to wave angry signs than to buy cars."
What evidence does the author have that the people waving the signs would have bought Teslas?
Consider the international market. Many Americans may not think much about the Trump administration's threats to annex Greenland or Canada. I assure you that residents of the EU and Canada do. Musk is seen as being in lockstep with Trump on these issues, and Tesla sales have taken a steep plunge in Canada and the Europe this year. It's more than can be explained by Tesla not releasing new models recently.
This isn't irrational hatred, as some are clearly trying to paint it. Why support someone who is part of an administration that's threatening your country with economic ruin or outright invasion? It's not as if there is no competition in the EV sector, nor does Tesla have a reputation for unmatched value, safety, or quality. People who choose alternatives to Tesla are giving up nothing and gaining peace of mind.
As a person who owns two Teslas (and has no plans to get rid of them) I don't think the author is saying that these protestors were potential customers, I think he's saying that the brand has been impacted negatively by them, and that potential customers are starting to look at the alternatives. (Even I am noticing how nice some of the new GM and Kia and Ford and BMW electric cars look).
"I don't think the author is saying that these protestors were potential customers"
Yes he is.
He wrote ( and I quoted above ):
"people would rather go to his dealerships to wave angry signs than to buy cars."
Yes, of course the brand has been impacted negatively.
Which Musk must have seen coming.
I think he wants to be right, not popular. To a level bordering on mental illness, and wholly unsuited to someone leading a company that needs to attract customers.
It would be a problem even if he was right. And on many things, he is not.
I own two Teslas as well and was waiting on new Y to upgrade, not happening right now as my wife would divorce me that same day I went to pick it up :)
Musk successfully alienated his customer base (rich liberals) to the point that I do not believe the company will survive this unless he leaves... and of course he cannot leave because Tesla is a meme stock now, if he left the stock would tank (only he can sell fantasies like robotaxis and robots etc to justify triple-digit P/E ratio...)
Musk has to leave for Tesla to have a shot at a future. There's an ever-shrinking cadre of "investors" willing to buy Musk's "promises" in lieu of delivered results. That's unsustainable. Get rid of Musk and absolutely their stock price is going to "tank", or I should say re-adjust to what it should have been all along.
Part of sending Musk on his way would involve Tesla owning up to what they are: an EV auto company with massive vertical integration on the charging side that allows their customers to charge at home, off-grid, and during their travels.
Robotaxis and robots are a distraction from their core competency, and in my mind, makes their stock less valuable.
that’s exactly it… and Musk’s margin calls would kick in hard if Tesla stock starts going where it should be. This is a pickle they are both in, can’t move on from each other and can’t stay together
Tesla is facing stiff competition everywhere around the globe, they haven't launched a successful new product in over half a decade, they post some of the worst results they have ever had, and somehow their stock went up today?
How much can longer can this reality distortion field hold?
The stock would go up today if the market price reflected that they expected the news to be worse.
(The price may still reflect a reality distortion field, though. But remember, the market can stay irrational longer than you can stay solvent.)
I think the jump is on the news that Musk is going to be spending more time as CEO again... which seems like limited relief at best at this point.
It seems like Tesla has gone from being a hype-based stock to being a hopium-based stock.
The hope is that if Musk is spending more time at Tesla, he can hype it more effectively?
https://archive.is/bK2OU
This is a poor piece written by someone who does not like Musk (or who is shorting Tesla) and as a consequence has written a piece more like Fox News than The Atlantic.
For example: "a boss who’s made the brand so toxic that people would rather go to his dealerships to wave angry signs than to buy cars."
What evidence does the author have that the people waving the signs would have bought Teslas?
Ob.: Yes, Musk has gone mad.
Their own shareholder report literally ascribes poor sales to the political climate Musk has created.
Yes.
Consider the international market. Many Americans may not think much about the Trump administration's threats to annex Greenland or Canada. I assure you that residents of the EU and Canada do. Musk is seen as being in lockstep with Trump on these issues, and Tesla sales have taken a steep plunge in Canada and the Europe this year. It's more than can be explained by Tesla not releasing new models recently.
This isn't irrational hatred, as some are clearly trying to paint it. Why support someone who is part of an administration that's threatening your country with economic ruin or outright invasion? It's not as if there is no competition in the EV sector, nor does Tesla have a reputation for unmatched value, safety, or quality. People who choose alternatives to Tesla are giving up nothing and gaining peace of mind.
Agreed.
As a person who owns two Teslas (and has no plans to get rid of them) I don't think the author is saying that these protestors were potential customers, I think he's saying that the brand has been impacted negatively by them, and that potential customers are starting to look at the alternatives. (Even I am noticing how nice some of the new GM and Kia and Ford and BMW electric cars look).
"I don't think the author is saying that these protestors were potential customers"
Yes he is. He wrote ( and I quoted above ): "people would rather go to his dealerships to wave angry signs than to buy cars."
Yes, of course the brand has been impacted negatively. Which Musk must have seen coming.
I think he wants to be right, not popular. To a level bordering on mental illness, and wholly unsuited to someone leading a company that needs to attract customers.
It would be a problem even if he was right. And on many things, he is not.
I own two Teslas as well and was waiting on new Y to upgrade, not happening right now as my wife would divorce me that same day I went to pick it up :)
Musk successfully alienated his customer base (rich liberals) to the point that I do not believe the company will survive this unless he leaves... and of course he cannot leave because Tesla is a meme stock now, if he left the stock would tank (only he can sell fantasies like robotaxis and robots etc to justify triple-digit P/E ratio...)
Musk has to leave for Tesla to have a shot at a future. There's an ever-shrinking cadre of "investors" willing to buy Musk's "promises" in lieu of delivered results. That's unsustainable. Get rid of Musk and absolutely their stock price is going to "tank", or I should say re-adjust to what it should have been all along.
Part of sending Musk on his way would involve Tesla owning up to what they are: an EV auto company with massive vertical integration on the charging side that allows their customers to charge at home, off-grid, and during their travels.
Robotaxis and robots are a distraction from their core competency, and in my mind, makes their stock less valuable.
But their valuation was based on those distractions, not on being "an EV auto company..."
that’s exactly it… and Musk’s margin calls would kick in hard if Tesla stock starts going where it should be. This is a pickle they are both in, can’t move on from each other and can’t stay together