I think both the left and maga look foolish trying to claim hypocricy here. What's changed is the man. It only follows that political party fanboys would flip sides as he went from a guy claiming a desire to save humanity from climate change and make us interplanetary to save us from extinction - to a guy that... well, does other things.
Check out who started these ankle biting threads back when times were good - its you if you dont remember. Inflation rate hit 2.4% in September, topping expectations; jobless claims highest since August 2023 | Swamp Gas Forums August payrolls grew by a less-than-expected 142,000 | Swamp Gas Forums Dow futures collapsing | Swamp Gas Forums Unemployment up to 4.1% | Swamp Gas Forums Unemployment rate going up | Swamp Gas Forums Inflation remains hotter than expected, muddying path for Fed rate cuts | Swamp Gas Forums Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch | Swamp Gas Forums
Trump himself has quite a dilemma. One hand he has an obsessive irrational hatred of EVs while on the other hand his co-President and the principle financier of his political campaign and the campaigns of his supporters has a net worth in the billions attributable in good part to the sale of EVs. What's next for EVs as Trump aims to eliminate Biden-era incentives?
I don't think he himself has actually changed, just perceptions of him. I think he's always been a narcissistic psychopath. He's just playing to a different audience now.
Tesla is now below where it was on Election Day, down 45 percent. Sales in Europe are way down, leading to an overall company wide sales drop. He’s alienated his primary market (liberals), and conservatives are far less likely to buy EVs. And for all these groups, other options continue to grow. All this against a stock that was wildly overpriced on the promise of things like wide use self driving cars (which he has been promising since 2017), and now a big AI push that people are betting on. Something like a quarter of the TESLA stock price is in the actual current car line. So there is definitely lots more downside risk. The one thing I will say for Musk though is that he’s not money driven. I have watched a few documentaries on him, I don’t think he cares that much about how rich he is, and he’s always been willing to risk it for his next idea. When he started SpaceX, he used his own money, and was one more bad rocket test from basically being broke. But he had a vision and wanted to see it through. He bought Twitter and just paid cash, because that let him do exactly what he wanted to with it. He isn’t really a businessman but an inventor or visionary (he had several key things he wanted to tackle when starting out and has done them all), he seems to view money more as a manifestation of his intelligence and vision than something to be truly enjoyed, and the business side is boring for him anyway. So right now, given that he’s got his next “project”, I would bet that he is only a bit bothered by the downturn. Like him or hate him, he’s just wired differently.
What are you even talking about? I actually put real money on this “bet”. Bought leaps on Tesla at 300, 325 and 350. Invested mid 5 figures and when Tesla stock hits 500-600 in 2026 I will have made crazy money. I didn’t do it because I’m a muskite or whatever you said; I did it because my goal is to make money. The underlying sentiment and understanding of this company is completely wrong. I hope it goes to 175 near term because my bet will only get bigger.
The underlying sentiment and understanding of Tesla is why its stock is so overvalued in the first place. Everyone is overvaluing it for the same reasons you are.
99% of the investing public have no clue about Teslas business units or how it’s revenue projects out over the next 1, 3 or 5 years. Even analysts don’t agree and haven’t for a decade. We will see how “overvalued” it is as this plays out.
ev taxi fleet of self driving cars creating revenue for owners ---maybe one day, doubtful if ever just camera based AI - building something, has the entire database of the us government to feed it and likely giving it backdoor access to mos t gubnt systems that doge buried into. that is truly frightening but i think snatch is focused on the fleet of humanoid robots that is going to replace all those unreliable humans. that is the next big thing and may be a reality but china seems to be way ahead when I watch dexterity videos of different models. nothing a tariff can't fix as humanoid robots will be a matter of national security when we rely on them to fight our wars 2026 for humanoid rollouts for industry driven by AI?? could that be the bet? Buffett said to find industries you can build a moat around. of course boeing proved you can even screw that up by chasing the buck isntead of the next innovation spacex starlink humanoids who are the competitors? The moat is the financial resources it takes to compete in those markets. others are coming, none have the scale so without having to worry about being labeled a monopoly, he can simply price the majority of the competition into bankruptcy and buy their bones.
what happens when his carbon credit numbers from tesla production collapse? where will the buyers turn?
Elon's FAFO moment his here. I envision a liberal car buyer running around with a chainsaw talking about slashing Tesla's sales.
But Musk is a total flake. Why would anyone invest in someone who has been as erratic as Musk has been the last few years? He's the Trump of the business world. He keeps lying and making ridiculous promises and yet somehow he's never punished for it (until now, maybe).
I wonder how many NGO's are coordinating with terrorists to target Teslas. And whether they've received money from USAID. One burning Tesla can take out a dozen or more cars in a parking lot. If I had a Tesla dealership I'd bet my cars were most likely to burn where there are a high percentage of transgenders. Seattle, Portland, Austin, New Orleans, San Fran, Atlanta to name a few.
Nonsense. No one has an irrational hatred of EVs. Many, myself included will not be interested until the technology matures enough to make them feasible. What many people do have an irrational hatred of is the government using tax dollars for incentives, and for mandates that are not too far into the future. I welcome as many choices in the market, as possible. Let the market decide what they want and don’t want.
