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Tesla protests gain momentum while the hate is dividing Tesla owners
- croes 2y agoMusk has SpaceX, he doesn’t care about Tesla
- cinntaile 2y agoI don,'t know what you base this on? Most of his wealth is in Tesla.
- AtlasBarfed 2y agoBook wealth is in Tesla. SpaceX is private but represents a large amount of inherent wealth that he could borrow against. SpaceX will be hard to disentangle from Musk. The sad fact is that it needs to be torn down as well. Musk has already started this in the last week with the war of words with the ISS astronauts and the cancellation of the NASA next gen rockets. He also is saber rattling the Ukrainians with Starlink service dismissal. This highlights to world governments that a Starlink competitor is a top security priority. Sure Musk gets four years to tear apart NASA, but that will have a lot of consequences. I predict that Bezos's rocket companies and others will start to get substantial support from EU and japanese and other funding sources. Musk may in theory become radioactive enough that SpaceX loses private and world government contracts that it gets seriously crunched even with preferential treatment from the Trump administration. If I were the EU, I would drop billions of dollars to pick off as many SpaceX rocket engineers as possible and relocate them to the EU and have them recreate SpaceX rockets in a european company. Kick off the inevitable economic cold war between the EU and USA. Heck, you can relocate them to Vancouver, I'm sure Canada would play ball at this point. I was a starlink customer practically from day one, and I'm cancelling my service this month. It's sad.
- Gud 2y agoElon Musk has borrowed a lot of money with Tesla stock as collateral. If Tesla tanks, he is in deep trouble.
- ryandrake 2y agoThere is no conceivable universe where Musk will ever be "in deep trouble," as in: a normal person struggling to make rent. It's hard to even visualize the size of "hundreds of billions." Even if he suddenly lost 99.99% of his wealth, he'd still be worth almost $40M, which is generational wealth for at least a few generations.
- Gud 2y agoIt’s not about losing 99.9% of his wealth, conceivably, he could end up billions under water. It has happened before. Ivar Krüger, then the worlds richest man, ended up dead by suicide. https://en.m.wikipedia.org/wiki/Ivar_Kreuger https://en.m.wikipedia.org/wiki/Ivar_Kreuger
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- SlightlyLeftPad 2y agoThe amount of long term damage that is actively being inflicted to the scientific research community alone because of Elon’s crusade all but guarantees that I will never buy another Tesla. The one I have is a great car but I don’t want to be targeted by extremist groups on any side and I don’t want to financially support the economic and social collapse of my country. Elon and thus Tesla is rightfully being labeled as an enabler. If their board agrees, they’ll do the right thing and choose a new CEO. I’m still a strong supporter of EVs but I’m frustrated that EV owners still pay at least as much for electricity and registration as ICE cars pay for gas (in California). Hybrids still make more financial sense in California.
- hintywinty 2y ago[flagged]
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- nobankai 2y agoUsed ICE is still cheaper in the US, doubly so when you don't have charging subsidies. Not to mention the variety of Chinese EVs available to the international market. Aftermarket prices are hitting a desperate low for a very, very good reason.
- hintywinty 2y ago.
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- BillSaysThis 2y agoWe have one story https://news.ycombinator.com/item?id=43175023 https://news.ycombinator.com/item?id=43175023 about a startup promising to identify factory workers giving, by management definition, less than 100% and yet CEOs can run multiple companies, take board seats, and oversee the American government. Of course the last one of those is so far adding huge value to all the others…
- georgemcbay 2y ago> yet CEOs can run multiple companies, take board seats, and oversee the American government ...don't forget also playing Path of Exile 2 80 hours a week... kinda funny that even after that came out and everyone had a laugh nobody really asked if maybe his real contributions on the business side of things are just as illusionary as his gaming accomplishments. He seems to have a default assumption himself that if left unchecked each IC in his companies and the federal government aren't providing value commiserate with their compensation... and these days when it comes to people involved in politics I just assume based on accumulated evidence that every accusation is a confession.
- Ancalagon 2y agojust a magnified and more common trend of managers taking credit for the actual work done by their subordinates
- ryandrake 2y agoIt's very interesting who's allowed to do what... - CEO running multiple companies: "Genius! Superstar! Incredible!" - Working class guy working multiple jobs: "Hard worker! Hustler! Lifting his family out of poverty!" - Office worker with more than one full-time job: "Overemployed! Fraud! Double-dipping!"
- johnnyanmac 2y agoYeah. They don't care what you do outside of work until you're salaried. But that goes away too once you're paid to "supervise" instead of work. It's a weird valley.
- henglihong-js 2y ago[dead]
- drawkward 2y ago[flagged]
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- qwerpy 2y ago> Anyone who buys a Tesla from this point forward is marking themselves. My 75 year old father bought a Tesla last week. What is he marked with exactly?
- drawkward 2y ago[flagged]
- qwerpy 2y ago*According to a very vocal minority of people excessively active on social media.
- fzeroracer 2y agoYou don't have to even be excessively online. My mother who has been disconnecting herself from the internet thanks to how awful places like FB have become thinks Elon Musk is a asshole. If you don't see the wave coming then you're in a bubble disconnected from how your average person is increasingly seeing Tesla.
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- immibis 2y ago*According to base reality
- johnnyanmac 2y agoJust be careful. Some people are literally marking (graffiti) new teslas. Cybertrucks are the bigger targets, though.
- jonnycomputer 2y agoObjectively, Musk is hurting Tesla's brand with a broad swath of consumers.
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- j_timberlake 2y agoI'm sure the stockholders will take a strong stance and replace him as CEO... when he eventually loses favor with the White House. Until then, the brand nose-dives. The dark humor part is, it's the car owners who are going to suffer most. Stockholders and executives probably already sold enough stock to land on a soft pile of money.
- bamboozled 2y agoHe will never be replaced as the CEO IMO. His cult like following is why the share price is what it is. It's unusual but it was only valued so highly because of him. The shareholders would rather see the company bankrupt than lose his "value add". They believe he will turn it all around, maybe he will? The only question that remains is whether or not his brand is still salvageable. I'm leaning towards "no", he has taken things really far now. People are pretty fickle. But he is doing some really extreme things and I think it's going to be hard to walk back. Personally I think the emperor has no clothes but let's see. Based on what China has been doing with EVs, I'm even questioning the narrative that he actually had much to do with kicking off the EV revolution, or whether or not it was going to happen regardless. I think it's the later. China was already going to be the dominant player and was already moving in the EV direction because their dependence on foreign oil wasn't to their benefit.
- alephnerd 2y ago> I'm even questioning the narrative that he actually had much to do with kicking off the EV revolution I detest Musk, but Tesla was/is one of CATL's largest customers. Without Tesla, the capital to jumpstart the EV Battery industry within China wouldn't truly exist.
- gunian 2y ago[flagged]
- malshe 2y agoIn today's news Tesla sales dropped 45% in Europe in January while overall electric cars sales were up 37%. TSLA was down 8% just today. https://www.reuters.com/business/autos-transportation/teslas-market-value-tumbles-below-1-trillion-its-europe-sales-slump-2025-02-25/ https://www.reuters.com/business/autos-transportation/teslas...
- AtlasBarfed 2y agoSo it's actually a 60% market share drop when you consider the growth of market share of EVs. Beyond politics, this is simply an exercise in CEO malpractice. Brands and the marketing around them are extremely important to large long-term companies like TSLA presumably is. In car companies, as its been explained to me, branding is even more important because a consistent positive attachment of existing car owners to the brand is critically important for the biggest source of a car company's customers: the existing ones. A car is daily used item, a piece of a consumer's ego, a large scale purchase that almost everyone has emotional not just rational investment. Tesla the car company probably had two fundamental archetypes as purchasers: a techno-geek gee-whiz buyer, and a left-leaning pro-environmental buyer. It's hard to figure out what proportion is which, but let's just say it is at least 50% pro-environment. Your customers are basically your brand. And the Tesla brand has completely destroyed the pro-environmental crowd. And not just vaguely turned them off. It has angrily reversed them. Tesla has no marketing department, or very little. It does little advertising. It relied on passionate owners, and of the two archetypes, the techno-gee-whiz is the less passionate, because they are always looking for the next best thing. The pro-environment crowd was the most emotionally invested, because Tesla represented one of the few hopes for improving the environment over the ICE / petroleum iron grip on transportation. But that emotional investment didn't turn to indifference. It turned to betrayal and anger. In Europe, you have compounded this with anti-American sentiment and creepy pro-Russian propangada parroting as well as fascist politics meddling. On top of all this, Tesla is fundamentally an urban brand. Charging infrastructure sucks in rural areas and driving distances are higher, so urban/suburban drivers buy them, which aligns with the progressive/Democratic buyer profile. So with the vast anger towards Musk, a driver of a Tesla gets a daily emotional rebuff, from both Musk's daily headlines, to covert looks of dismissal, to overt confrontation, mocking, and danger of vandalism. So, is there some massive pool of conservative voters ready to enthusiastically buy Teslas? The Cybertruck has been fundamentally rejected by the pickup crowd, and angry young men of that segment are the youth movement of the far-right Republican party. The rest are change-resistant older people, or the miniscule numbers of the wealthy. The weak response of many Tesla owners is to blame the people as wrongfully blaming Tesla for Musk's actions, which is just a ridiculous notion. CEO does Sieg Heils on national TV. CEO gets money and fame from Tesla. CEO is STILL CEO of Tesla after Sieg Heils. Those Sieg Heils should be immediate termination grounds for Musk, and a forced selloff in any functioning democracy. There is ample evidence of Twitter dogwhistles and his public statements in support of AfD that there is no "roman salute" or "he's just autistic" that can be argued with a straight face. Public Sieg Heils are not trolling, they are a fundamental offense on democracy. Fascism's very purpose is to contravene democratic principles to gain authoritarian control, and not a benevolent dictatorship. The path of fascism explicitly uses appeals to the darkest side of humanity, and so the authoritarianism will be of the very evil sort, and that comes from a philosophically moral relativist. On top of that, Musk has hitched himself to a trade warring administration, which will doom Tesla in China, either from indirect edicts from the CCP to not buy Teslas, to outright seizing of their factories and assets if/when the Taiwan saber rattling and cold war expands. And I could detail a dozen other CEO failures: Cybertruck bust. Semi misexecution. Solar is a joke. Should have acquires a struggling ICE company (like Nissan) for stock swap funny money to gain platforms/engineeers/production capacity. Only basically make two models of mass market cars. Only has one brand and doesn't have other branding levels. Failure of battery day execution/no novel drivetrain or battery technology. Failed to become the premier EV infrastructure provider (and has joined to a administration that will drop the funding). Should have introduced PHEVs in a separate company to apply battery production to more cars. Should have lines in ebikes, power tools, yard tools, anything that is battery-electric. Should have industrial applications and drivetrains. Should actually show up to work.
- prododev 2y ago[flagged]
- dehrmann 2y agoI'm surprised how many people overlooked the "pedo guy" incident.
- drawkward 2y ago[flagged]
- Gud 2y agoStill, it was the canary in the coal mine. I was a big Elon fan boy until that whole incident. I had even invested some money in TSLA and made a small fortune. However, that changed my mind completely about him. Clearly just another bully.
- unsignedint 2y agoPersonally, this isn't about Tesla—sorry for the slight tangent. I never considered Tesla, but not because of Elon Musk; rather, EVs simply don’t work for me. I’ve always tried to separate the person from the service they operate (e.g., not judging art by the artist). For what it’s worth, I’ve acknowledged Musk’s accomplishments. Yes, some of the things he has said are deeply disturbing and indefensible, but I’ve generally tried to maintain that separation. However, his collusion with the administration to actively make people's lives miserable—without proper oversight, due process, or accountability—has been a breaking point for me. The blatant conflict of interest has led me to significantly reduce my activity on X. This creates a dilemma, as many of the people I interact with are in Japan, where X remains extremely popular since the Twitter era. Most of them are unlikely to migrate elsewhere simply because they aren’t directly affected by his political actions. The situation might be different for Tesla owners, but I’m not sure they were necessarily “overlooking” his statements. People have varying levels of tolerance when it comes to "canceling" products due to the actions of their owners.
- 1970-01-01 2y agoElon's biggest concern for Tesla isn't their stock price. He has an outstanding record of surviving the hits. He can't change a free market, but he also won't be scared until TSLA falls below 100. Protests tend to fizzle and die after the social influencers (online news) moves onto something else. Therefore, its a very, very long way to go before the protesting hits him where it actually counts.
- Gud 2y agoElons financial engineering works until it doesn't. It wouldn't be the first time the worlds richest mans house of cards comes crumbling down due to over confidence and over exposure. https://en.wikipedia.org/wiki/Ivar_Kreuger https://en.wikipedia.org/wiki/Ivar_Kreuger
- johnnyanmac 2y ago>Protests tend to fizzle and die after the social influencers (online news) moves onto something else. it's a good thing Elon is addicted to the limelight and won't let them move on. Makes his eventual downfall faster. > its a very, very long way to go before the protesting hits him where it actually counts. What counts if not the one thing he brags about. I'm sure the first blow to his ego is no longer being the richest person on the planet. Well, 2nd blow. Getting ratio'd on his own platform was probably the first stone cast.
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