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0 pointshappymellon1y ago0 comments

The needle has moved.

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-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.

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ben_w1y 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.

happymellonOP1y 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_w1y 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.

dumbledoren1y ago

Except all the stocks are crashing. Not just Tesla.

happymellonOP1y ago

IBM hasn't.

Apple hasn't.

Meta is still up on the month.

What are "all stocks"?

dumbledoren1y ago

And by today they are...

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0 pointshappymellon1y ago0 comments

The needle has moved.

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-w...

0 comments

ben_w1y 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.

happymellonOP1y 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 that's all separate from the potential Trump/Musk fallout. It could get very messy.

ben_w1y 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).

dumbledoren1y ago

Except all the stocks are crashing. Not just Tesla.

happymellonOP1y ago

IBM hasn't.

Apple hasn't.

Meta is still up on the month.

What are "all stocks"?

dumbledoren1y ago

And by today they are...

1 more reply

j / k navigate · click thread line to collapse