Elon Musk started a price war that Tesla can't win

[Chicks]

Tesla investor Ross Gerber says he's been dumping the stock because no one wants the company's cars or robots
https://markets.businessinsider.com/...-gerber-2024-8

[bobabode]

Originally Posted by Chicks

Tesla investor Ross Gerber says he's been dumping the stock because no one wants the company's cars or robots
https://markets.businessinsider.com/...-gerber-2024-8

There should be a ripe secondary market for all those used Tezlas in ruby red states like Florida, Alabama, Miss., and Texas? Oh, that's right. One needs to plug them in and those conservatives just hate those commie electric cars. Maybe send them to Putinland?

[finnbow]

Originally Posted by bobabode

There should be a ripe secondary market for all those used Tezlas in ruby red states like Florida, Alabama, Miss., and Texas? Oh, that's right. One needs to plug them in and those conservatives just hate those commie electric cars. Maybe send them to Putinland?

Indeed.

[Oerets]

We spied one in the wild a couple of weeks back. Looked like a home built concoction by a shade tree mechanic.

Never would of thought it was a truck rather something out of a sci fi movie like Tron.

Saying it was ugly is giving it a complement IMHO.

[finnbow]

Originally Posted by Oerets

We spied one in the wild a couple of weeks back. Looked like a home built concoction by a shade tree mechanic.

Never would of thought it was a truck rather something out of a sci fi movie like Tron.

Saying it was ugly is giving it a complement IMHO.

It's so ugly that it makes the old AMC Pacer look good. Moreover, it has had all sorts of quality issues. IOW, it makes up for being ugly by being bad quality too.

[donquixote99]

BTW, it turns out the Cybertruck's 'shatterproof' windows are easily peeled open by a burglar....
https://www.yahoo.com/tech/burglar-d...131144647.html

[finnbow]

Elon Musk’s financial headaches at X may be catching up to him—and Tesla bulls are worrying that could spell bad news for the carmaker’s investors.

Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover. And that might mean Musk sells Tesla stock to raise the money—hurting anyone who holds the carmaker’s shares.

“I would be expecting something between $1 and $2 billion in stock,” said Bradford Ferguson, president and chief investment officer of asset manager Halter Ferguson Financial, in comments posted to YouTube on Wednesday. This alone could cause the stock to lose between 5% and 10% of its value. “It’s a massive hole they need to plug.”

https://fortune.com/2024/08/15/elon-...ford-ferguson/

[Rajoo]

And just this weekend, we decided to trade our Tesla in for new small SUV (for my wife).

[Rajoo]

Hollywood Can’t Ditch Its Teslas Fast Enough: “They’re Destroying Their Leases and Walking Away”

As the brand expanded, Southern California — long at the forefront of vehicular trends — became one of its largest markets. “When you’re in Hollywood, driving around the studios, that’s pretty much all you see,” says Ed Kim, president and chief analyst of Auto Pacific, a SoCal-based mobility research firm. “It’s Teslas everywhere.”

“Rejection of Tesla recently spiked and continues among Democrats. They want nothing to do with Tesla,” says Alexander Edwards, president of Strategic Vision, a Southern California-based consultancy that conducts hundreds of thousands of in-depth psychographic surveys with new car buyers annually. “And there are no hidden Republicans that are buying these. That just doesn’t exist.”

https://www.hollywoodreporter.com/li...sk-1236007945/

[donquixote99]

Technofacism is as disgusting as any other kind. Musk has to crash a lot to erode his money power, but the current trend suggests he just might do it.