Elon Cleaning House

Tesla still makes the best EVs by far and still completely dominates the market.

Don't let this twitter debacle color your impression of Tesla or SpaceX. The latter two being two of the greatest success stories ever.

 

I respectfully disagree. For one thing Tesla fit and finish is and has always been terrible.

On the high end Tesla absolutely is inferior to the new EQS from Merc, BMW and to a lesser extent Audi. I was more in the middle of the market looking at the BMW i4 M50 (I eventually bought a gas powered version that fell into my lap with no waiting). The Tesla offering did not compete

on the lower end I understand that Kia and Hyundai have some really good looking and high performance cars as well

 

Fitnand finish have indeed been a struggle, but one that has been improving. The overall value prop of a Tesla still beats the comp and sales continue to reflect that. Others are just starting to meet range equality with Tesla.

Tesla's head start is still quite substantial. That gap will of course close over time, but by then, Tesla will rolling out millions a year (gonna hit 1m this year). Mercedes for example sells around 300k per year. Tesla's real comp will be other volume manufacturers and those are struggling to get purpose built EVs to market. S Korean manufacturers are doing the best here, I agree.

 

If you are trying to evaluate the impact of the Twitter purchase on Tesla's stock, why would you include tons of data from before Musk even started the process? He started the acquisition on April 14. The stock opened at 333.10 that day. It closed yesterday at 195.97. That is a 41% decline. Ford started at 15.31 and ended at 14.50. That is a 5% decline. GM started at 39.62 and ended at 41.12. That is a 6% increase. So if you held the other two car makers you mentioned from the date he started his acquisition, you would pretty much break even. If you held TSLA, you would lose 41%. From a stock that had been doing better.

Tesla has had no major event occur that could explain this gap other than Musk's acquisition.

 

DNC butting their heads against the wall so hard trying to convince people Twitter is finished. (after three weeks of new ownership)

 

Twitter app installs are up 21% since Musk's takeover, but a rival app Mastodon has had a 657% increase in app installs. Tumblr up by 96% in the US and 77% worldwide per SensorTower data. Shows where the real growth is and nowhere do we see Musk tweeting about that.

Long term, who knows, but we know how all of the conservatives crowed about moving to other social media sites after Trump was banned and they were fine with that, so I'm sure they back this too.

 

If the 21% number is accurate, that’s pretty remarkable in 3 weeks time, considering how many people already had Twitter.

 

Tesla's investors (and Board) are concerned about both Musk's collateralization of the Twitter acquisition loans with TSLA stock, as well as the distraction it has proven to be. Seems all he does now is tweet all day.

 

As do his detractors…

 

The gift that keeps giving. Elon fact checked by the company he owns. Too funny.

 

And another “verified” account. What a joke Twitter verification is. At least these trolls don’t crash stock prices.

 

^^^ I think that one might be real.

 

Last 2 years? How about the point of Elon's initial announcement he was purchasing twitter, at some point earlier this year, to Friday's close? Or over the last month with his questionable decisions. Also include dividends as Tesla doesn't pay any.

He wanted to buy it, realized it was a bad decision and attempted to back out. It was too late and now Tesla is also suffering because of it. We'll see where this goes, but so far, it's looking like a mistake to put it mildly.

Below discusses damage to his brand. I would also be concerned now what kind of loose cannon he is at the helm of Tesla.


"The biggest issue, however, seems to be brand damage caused by Musk’s activity at Twitter, including mass layoffs and questionable tweets such as one about conspiracy theories involving Paul Pelosi."

"Twitter is the straw that is breaking the camel’s back."

Tesla Stock Won't Stop Dropping. Here's How Low It Could Go. | Barron's (barrons.com)

Elon Musk says he is backing out of deal to buy Twitter (nbcnews.com)


Elon Musk tries for 3rd time to back out of Twitter deal (ny1.com)

 

It’s generally considered a bad idea to get in a Twitter fight with a U.S. senator with oversight of your company but Elon is a deeply immature, narcissistic tool who can’t help himself

Elon Musk Picks a Fight With the Wrong Senator

 

Yeah, it’s pretty neat the federal government is threatening private citizens over online banter. Wow.

 

Twitter should state accounts shouldn’t be taken serious. presenting tweets as gov individuals or companies can damage them. But agree, hopefully this gov official doesn’t use his political power to go after a company for personal reasons. Trump and desantis do this and use gov intervention into business.

 

If nothing else, ending the Adult Day Camp of twitter is satisfying to watch. And even with the layoffs, the app works exactly the same.