4 ms·

Just curious, what kind of Elon scandal do you think could move the needle at this point? Anyone capable and willing to observe his behavior has probably alread

by lukev 2y ago

Just curious, what kind of Elon scandal do you think could move the needle at this point? Anyone capable and willing to observe his behavior has probably already acted on it. What lines are left to cross?

hedora 2y ago
He could fall out of favor with Trump, or the market could conclude that Tesla’s being sacrificed at the altar in exchange for pork barrel spending on spacex and twitter.
happymellon 2y ago
The needle has moved. https://www.thestreet.com/video/tesla-loses-1-trillion-status-as-shares-tank https://www.thestreet.com/video/tesla-loses-1-trillion-statu... Stock is dropping, sales are falling, Elon is losing money with his antics. [Edit] I'm showing a 25% drop in Tesla stock vales over this month. If Tesla is a significant part of the USA economy, then that has to be pretty painful. [/Edit] It may not be obvious to you, but the protests are emboldening people. https://electrek.co/2025/02/24/tesla-protests-gain-momentu-while-the-hate-is-spreading-tesla-owners/ https://electrek.co/2025/02/24/tesla-protests-gain-momentu-w... Not sure where you are, but here in the UK sales might not have dropped as much as other European countries but there are definitely less Tesla's around, and the conversation is towards other EV makers because people don't want to fund him.
- dumbledoren 2y ago
  Except all the stocks are crashing. Not just Tesla.
  - happymellon 2y ago
    IBM hasn't. Apple hasn't. Meta is still up on the month. What are "all stocks"?
    - dumbledoren 2y ago
      And by today they are...
      - happymellon 2y ago
        IBM is still up on the month, and the 3 month. Apple is still up on the month and the 3 month. Apple may have dropped a bit, and I note that IBM still haven't dropped at all, but Tesla are down 25% on the month and down 15% on the 3 month. Tesla are still performing far worse than anyone else by a wide margin by being below their previous position. Unless by everyone crashing you mean up?
        dumbledoren 2y ago
        "Still up" means 'holding', and that confirms my argument. And you pulled only 2 stocks out of that many you mentioned at the start. No worries, they will likely take a nose dive in the coming months.
- ben_w 2y ago
  > [Edit] I'm showing a 25% drop in Tesla stock vales over this month. If Tesla is a significant part of the USA economy, then that has to be pretty painful. [/Edit] Yes, but also that only takes the price back to early November, i.e. undoes the bubble from people thinking Trump affiliation would help. Even after that, on the basis of the P/E ratio, I wouldn't be surprised by the share price dropping 90% from today, i.e. hovering around a price of $29/share. That needle may yet move, but it's too soon to tell. I'd expect Musk to have an explict falling out with Trump first, not merely the current state of Trump having no interest in supporting EVs.
  - happymellon 2y ago
    Then I misunderstood. I still expect further knocks if there are more protests, people believe it's making an impact (even if it's not) with the claims of closing stores. And if the sabotage continues, then that would be an additional cost to Tesla to replace. I know I would feel skittish about holding stocks of a company that has a CEO who is actively reducing the size of their market. And that's all separate from the potential Trump/Musk fallout. It could get very messy.
    - ben_w 2y ago
      > And that's all separate from the potential Trump/Musk fallout. It could get very messy. Indeed. The domestic fallout for being seen as Trump's enforcer, means the next Democrat government in the US will likely find ways to terminate most or all SpaceX contracts. Well, unless Musk has a public falling out with Trump first. But even then, he's already too much of a chaos monkey to be trusted with security clearence for anything (including by Trump, but Trump hasn't noticed that yet). The international fallout for being seen by international governments… best not to speculate, but there's no fundamental upper bound when it comes to actions by governments who consider him to be a threat to their interests.
wodenokoto 2y ago
I think it is a good point, but the guy can still get a heart attack.
deleted 2y ago
[deleted]
Spooky23 2y ago
The markets haven’t digested the real state of affairs at the company. Tesla is worth $30/share. It’s valued based on the Elon cult of personality. That’s already weakening — two years ago my previous post would have been brigaded into oblivion by Elon fans. He’s the henchman of the most powerful man in earth at the moment, who’s infamous for betraying his henchman. There’s no bottom - literally anything could happen at any time.

by lukev 2y ago

hedora 2y ago

He could fall out of favor with Trump, or the market could conclude that Tesla’s being sacrificed at the altar in exchange for pork barrel spending on spacex and twitter.

happymellon 2y ago

The needle has moved. https://www.thestreet.com/video/tesla-loses-1-trillion-status-as-shares-tank https://www.thestreet.com/video/tesla-loses-1-trillion-statu... Stock is dropping, sales are falling, Elon is losing money with his antics. [Edit] I'm showing a 25% drop in Tesla stock vales over this month. If Tesla is a significant part of the USA economy, then that has to be pretty painful. [/Edit] It may not be obvious to you, but the protests are emboldening people. https://electrek.co/2025/02/24/tesla-protests-gain-momentu-while-the-hate-is-spreading-tesla-owners/ https://electrek.co/2025/02/24/tesla-protests-gain-momentu-w... Not sure where you are, but here in the UK sales might not have dropped as much as other European countries but there are definitely less Tesla's around, and the conversation is towards other EV makers because people don't want to fund him.

dumbledoren 2y ago
Except all the stocks are crashing. Not just Tesla.
- happymellon 2y ago
  IBM hasn't. Apple hasn't. Meta is still up on the month. What are "all stocks"?
  - dumbledoren 2y ago
    And by today they are...
    - happymellon 2y ago
      IBM is still up on the month, and the 3 month. Apple is still up on the month and the 3 month. Apple may have dropped a bit, and I note that IBM still haven't dropped at all, but Tesla are down 25% on the month and down 15% on the 3 month. Tesla are still performing far worse than anyone else by a wide margin by being below their previous position. Unless by everyone crashing you mean up?
      - dumbledoren 2y ago
        "Still up" means 'holding', and that confirms my argument. And you pulled only 2 stocks out of that many you mentioned at the start. No worries, they will likely take a nose dive in the coming months.
ben_w 2y ago
> [Edit] I'm showing a 25% drop in Tesla stock vales over this month. If Tesla is a significant part of the USA economy, then that has to be pretty painful. [/Edit] Yes, but also that only takes the price back to early November, i.e. undoes the bubble from people thinking Trump affiliation would help. Even after that, on the basis of the P/E ratio, I wouldn't be surprised by the share price dropping 90% from today, i.e. hovering around a price of $29/share. That needle may yet move, but it's too soon to tell. I'd expect Musk to have an explict falling out with Trump first, not merely the current state of Trump having no interest in supporting EVs.
- happymellon 2y ago
  Then I misunderstood. I still expect further knocks if there are more protests, people believe it's making an impact (even if it's not) with the claims of closing stores. And if the sabotage continues, then that would be an additional cost to Tesla to replace. I know I would feel skittish about holding stocks of a company that has a CEO who is actively reducing the size of their market. And that's all separate from the potential Trump/Musk fallout. It could get very messy.
  - ben_w 2y ago
    > And that's all separate from the potential Trump/Musk fallout. It could get very messy. Indeed. The domestic fallout for being seen as Trump's enforcer, means the next Democrat government in the US will likely find ways to terminate most or all SpaceX contracts. Well, unless Musk has a public falling out with Trump first. But even then, he's already too much of a chaos monkey to be trusted with security clearence for anything (including by Trump, but Trump hasn't noticed that yet). The international fallout for being seen by international governments… best not to speculate, but there's no fundamental upper bound when it comes to actions by governments who consider him to be a threat to their interests.

wodenokoto 2y ago

I think it is a good point, but the guy can still get a heart attack.

deleted 2y ago

[deleted]

Spooky23 2y ago

The markets haven’t digested the real state of affairs at the company. Tesla is worth $30/share. It’s valued based on the Elon cult of personality. That’s already weakening — two years ago my previous post would have been brigaded into oblivion by Elon fans. He’s the henchman of the most powerful man in earth at the moment, who’s infamous for betraying his henchman. There’s no bottom - literally anything could happen at any time.