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Tesla stock has been particularly hammered. Ontario apparently cancelled a Starlink contract and Italy is considering to do so as well. Musk’s political antics

Tesla stock has been particularly hammered. Ontario apparently cancelled a Starlink contract and Italy is considering to do so as well. Musk’s political antics are affecting his businesses.

JumpCrisscross 2y ago
The fact that Canada, Mexico, China and the EU haven’t banned Tesla imports yet is remarkable. I’d expect that plus additional registration charges on premium vehicles, especially Cybertrucks, within a year if this continues.
- ChocolateGod 2y ago
  > The fact that Canada, Mexico, China and the EU haven’t banned Tesla imports yet is remarkable. Why do they need to? They can just apply tariffs and let the consumer do it without the political baggage.
  - JumpCrisscross 2y ago
    > Why do they need to? Messaging and frankly national security.
    - skippyboxedhero 2y ago
      So the EU needs to hit back for "national security" reasons against the country which has subsidised their security to the tune of tens of trillions. ...yep, makes perfect sense.
      - insane_dreamer 2y ago
        fight fire with fire
      - rurp 2y ago
        Nobody was even considering it a few months ago. I wonder if anything has changed regarding EU security recently?
      - JumpCrisscross 2y ago
        > the EU needs to hit back for "national security" reasons against the country which has subsidised their security to the tune of tens of trillions The loyalists argued the same in the American Revolution. (You’re also falsely conflating Musk and America.)
- bparsons 2y ago
  They don't have to. Sales are falling off a cliff in all those places.
  - mattmaroon 2y ago
    Yeah, I think Tesla would be in approximately the same position if Elon never jumped into the political fray. Their market cap has been beyond ludicrous for years. Any slowdown in sales was due to crater the stock. The Cybertruck is a turd, driverless cabs seem still not that close. The early adopters all have EVs and sales growth as a whole has plateaued. Other automakers have greatly improved their offerings, and Tesla's vehicle quality and fit-and-finish have both remained poor. The EV tax credits are probably going away soon. One doesn't have to tip the scales against them at the moment.
__loam 2y ago
[flagged]
boo-ga-ga 2y ago
But he continues doing what he started. Considering the fact that he is very smart and definitely hungry for absolute power, you can think about his true goal. If he is ready to risk that much of his worth, it means that the potential win for him will bring so much more.
- BenFranklin100 2y ago
  You mistake IQ for judgement. They are related but distinct.
  - gadders 2y ago
    This site is living proof of that.
- mullingitover 2y ago
  > Considering the fact that he is very smart Is he though? Plenty of people start out smart and then melt their brains in one way or another. Musk really seems like he's going down the same road. Smarts aren't a permanent state of being, they're a temporary blessing, and if you're lucky they're slowly replaced with wisdom as you age. Musk doesn't seem to be getting the late-life migration to wisdom. Wise elders generally focus on a legacy that benefits their community, they don't spout slurs and pay people to make them look like they're good at video games.
- eli_gottlieb 2y ago
  Or he's misestimating his potential wins because he's on tons of drugs and they're giving him delusions of grandeur.
  - spacemadness 2y ago
    This seems like the closest thing to an Occam’s razor take to me. If all his companies crash and burn from his unhinged behavior, he’s not going to be useful to other billionaires or as powerful regardless. The fact so much of his wealth is in Tesla, a company that relies on climate conscious consumers, and he throws around nazi salutes in a heavily watched and historical event makes no sense at all. Meanwhile the administration is dismantling anything that would help EVs. It’s not 5D chess, sorry. I wonder what Tesla engineers and others inside the company think about all this.
nickvec 2y ago
> Musk's political antics are affecting his businesses. The scary part is that he doesn't care. Money is no longer his motive.
- stvltvs 2y ago
  It's called "fuck _me_ money", and it's one reason billionaires shouldn't exist. https://www.reddit.com/r/AdamCarolla/comments/5jfeoz/whats_the_difference_between_fuck_me_money_and/ https://www.reddit.com/r/AdamCarolla/comments/5jfeoz/whats_t...
BenFranklin100 2y ago
-2? I see DOGE/Musk fanbois frequent Hacker News.

Tesla stock has been particularly hammered. Ontario apparently cancelled a Starlink contract and Italy is considering to do so as well. Musk’s political antics are affecting his businesses.

JumpCrisscross 2y ago

The fact that Canada, Mexico, China and the EU haven’t banned Tesla imports yet is remarkable. I’d expect that plus additional registration charges on premium vehicles, especially Cybertrucks, within a year if this continues.

ChocolateGod 2y ago
> The fact that Canada, Mexico, China and the EU haven’t banned Tesla imports yet is remarkable. Why do they need to? They can just apply tariffs and let the consumer do it without the political baggage.
- JumpCrisscross 2y ago
  > Why do they need to? Messaging and frankly national security.
  - skippyboxedhero 2y ago
    So the EU needs to hit back for "national security" reasons against the country which has subsidised their security to the tune of tens of trillions. ...yep, makes perfect sense.
    - insane_dreamer 2y ago
      fight fire with fire
    - rurp 2y ago
      Nobody was even considering it a few months ago. I wonder if anything has changed regarding EU security recently?
    - JumpCrisscross 2y ago
      > the EU needs to hit back for "national security" reasons against the country which has subsidised their security to the tune of tens of trillions The loyalists argued the same in the American Revolution. (You’re also falsely conflating Musk and America.)
bparsons 2y ago
They don't have to. Sales are falling off a cliff in all those places.
- mattmaroon 2y ago
  Yeah, I think Tesla would be in approximately the same position if Elon never jumped into the political fray. Their market cap has been beyond ludicrous for years. Any slowdown in sales was due to crater the stock. The Cybertruck is a turd, driverless cabs seem still not that close. The early adopters all have EVs and sales growth as a whole has plateaued. Other automakers have greatly improved their offerings, and Tesla's vehicle quality and fit-and-finish have both remained poor. The EV tax credits are probably going away soon. One doesn't have to tip the scales against them at the moment.

__loam 2y ago

[flagged]

boo-ga-ga 2y ago

But he continues doing what he started. Considering the fact that he is very smart and definitely hungry for absolute power, you can think about his true goal. If he is ready to risk that much of his worth, it means that the potential win for him will bring so much more.

BenFranklin100 2y ago
You mistake IQ for judgement. They are related but distinct.
- gadders 2y ago
  This site is living proof of that.
mullingitover 2y ago
> Considering the fact that he is very smart Is he though? Plenty of people start out smart and then melt their brains in one way or another. Musk really seems like he's going down the same road. Smarts aren't a permanent state of being, they're a temporary blessing, and if you're lucky they're slowly replaced with wisdom as you age. Musk doesn't seem to be getting the late-life migration to wisdom. Wise elders generally focus on a legacy that benefits their community, they don't spout slurs and pay people to make them look like they're good at video games.
eli_gottlieb 2y ago
Or he's misestimating his potential wins because he's on tons of drugs and they're giving him delusions of grandeur.
- spacemadness 2y ago
  This seems like the closest thing to an Occam’s razor take to me. If all his companies crash and burn from his unhinged behavior, he’s not going to be useful to other billionaires or as powerful regardless. The fact so much of his wealth is in Tesla, a company that relies on climate conscious consumers, and he throws around nazi salutes in a heavily watched and historical event makes no sense at all. Meanwhile the administration is dismantling anything that would help EVs. It’s not 5D chess, sorry. I wonder what Tesla engineers and others inside the company think about all this.

nickvec 2y ago

> Musk's political antics are affecting his businesses. The scary part is that he doesn't care. Money is no longer his motive.

stvltvs 2y ago
It's called "fuck _me_ money", and it's one reason billionaires shouldn't exist. https://www.reddit.com/r/AdamCarolla/comments/5jfeoz/whats_the_difference_between_fuck_me_money_and/ https://www.reddit.com/r/AdamCarolla/comments/5jfeoz/whats_t...

BenFranklin100 2y ago

-2? I see DOGE/Musk fanbois frequent Hacker News.