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> This narrative is flawed for a few reasons. Firstly, the stock market crash affected all companies, not just TSLA. TSLA has been absolutely hammered above an
by davewritescode 4y ago
> This narrative is flawed for a few reasons. Firstly, the stock market crash affected all companies, not just TSLA.
TSLA has been absolutely hammered above and beyond most other stocks. There's not many companies that are down 70% off their highs and at this point TSLA has lost more than bitcoin, an asset that's currently in the middle of the biggest financial scandal since Bernie Madoff.
> Second, there's no evidence to suggest that Musk wants to "own the Libs" or that Democrats have actually stopped buying Tesla cars
He's publicly thrown his weight behind Republican candidates and said Democrats were bad. He's let Donald Trump back on twitter and re-platformed lots of ultra right wing folks including people who stormed the capital.
Most CEOs quietly donate to the party/candidates of their choice. Some do it very quietly with PACs that don't even require disclosure. Openly advocating for specific candidates is a recipe for disaster as a major corporate leader.
> He is simply in favor of free speech.
I agree, free speech is great. Now explain how this isn't a PR disaster for Tesla?
> Third, even if Musk was actually trying to "own the Libs" and it was affecting Tesla sales, any decrease in TSLA purchases by Democrats could be balanced out by an increase in purchases by Republicans.
Read the damn article. Tesla ownership is a lot more prevalent in rich, liberal communities. The exact communities he's alienating. This should surprise absolutely nobody. Instead of taking sides in political slap fights, Musk needs to put his ego aside, shut the fuck up and take money from anyone who wants to drive a Tesla.
People buy cars for a lot of reasons but one of this big reasons people buy expensive cars is because they feel it makes some sort of statement to the world about who they are.
The statement a Tesla made 2 years ago was "I'm a forward thinking environmentalist" whereas today it says "I support Elon Musk".
- olalonde 4y ago> TSLA has been absolutely hammered above and beyond most other stocks. It also pumped above and beyond other stocks and analysts were calling it a bubble stock way before Musk bought Twitter. > He's publicly thrown his weight behind Republican candidates and said Democrats were bad. I didn't know that. Do you have a source? > Read the damn article. Tesla ownership is a lot more prevalent in rich, liberal communities. The exact communities he's alienating. I did. What I meant was that this could flip. Tesla ownership could now become high in rich, Republican communities instead of rich, Democrat communities. I believe Democrats are slightly wealthier on average but I don't think the gap is that significant. > The statement a Tesla made 2 years ago was "I'm a forward thinking environmentalist" whereas today it says "I support Elon Musk". It's kind of sad that people think like that but I guess it's probably true.