Is Elon Musk hurting Tesla? (Mod Note Post #1)

Nickindublin

https://www.boards.ie/discussion/comment/123492339#Comment_123492339

Its like a Turkey voting for Xmas.

prawnsambo

https://www.boards.ie/discussion/comment/123493062#Comment_123493062

Not sure why it's the most suitable? Isn't the major factor in owning an EV the ability to install a charger? And the areas with the most lack in that regard are big cities with limited or no off street parking in many areas.

Commuting distances are generally not large outside Dublin whereas there can be great distances from the dormitory counties like Wicklow, Meath and Kildare. Round trip commutes of >100km are routine.

I would have considered financial considerations would be (up to now) much more a factor than commuting distance or suitability (whatever that means). Dublin and surrounding counties being more affluent.

MightyMunster

https://www.boards.ie/discussion/comment/123493062#Comment_123493062

VW EVs are also more concentrated in the places you listed.

Rural Ireland is much more suitable for EVs as people are more likely to have their own driveways. Wake up every morning with enough range to get to the other side of the island.

DrPsychia

https://www.boards.ie/discussion/comment/123493062#Comment_123493062

It's also a matter of income and affordability. Incomes and Disposable incomes are significantly higher in Dublin than the rest of the country. Dublin has a lot of tech and financial services companies and a lot of people working in those sectors in my experience are more likely to be 'early adopters' or are more receptive to Teslas/EVs. So when your colleague buys one, then another colleague and so on, they're talking about how nice they are to drive, low running costs etc.

sk8board

https://www.boards.ie/discussion/comment/123493247#Comment_123493247

sorry, I was referring to ICE cars, as in, a car brand that’s not EV-only can easily be sold countrywide, without a geographic or usage concern.

Tesla have a big suitability issue if you’re not in Dublin, if you talk to people rurally. The lack of showroom network is a big part of that.

Have you ever noticed how many Corolla saloons there are in rural Ireland? 😄

sk8board

That might make sense in theory, except the sales numbers say that it’s exactly the opposite, and countryside dwellers have almost no interest in EVs, with 25% of EV sales (and only 10% of Tesla’s) across 21 rural counties.

Sticking to the topic, Tesla have a sales network problem of course, which might explain the gap in rural sales.

sk8board

https://www.boards.ie/discussion/comment/123493597#Comment_123493597

Theres very little data to back up that claim when you include where the debt is, alongside the income, disposable or otherwise.

As for the Tech Bro stuff, it’s pretty clear for years that people with little interest in cars, but an interest in tech, will tend worsted’s Tesla - but that also means that rural dwelling farmers or people towing horses wouldn’t have an EV option to buy even if they wanted to.

I think you’re being a bit blinkered if you think there isn’t money to buy a medium family car outside of the Pale in the same % numbers as inside it.

MightyMunster

https://www.boards.ie/discussion/comment/123494153#Comment_123494153

It's an EV issue in general, VW in your example are at nearly 75% of their EVs being sold in the counties you listed vs around 60% of overall sales.

Not as high a disparity as Tesla probably due to a wider dealer network, wider range of cars a huge fleet on the road available for trading up and their own bank which means they're really just leasing the cars

prawnsambo

https://www.boards.ie/discussion/comment/123494185#Comment_123494185

Might that have something to do with population density? I'd expect those rural counties to be around 25% of the population.

eightieschewbaccy

https://www.theguardian.com/us-news/2025/may/30/elon-musk-trump-drug-use

Musk's drug use getting a bit more attention. Apparently he's damaged his bladder from the amount of ketamine he takes... If this was a musician, it would be going towards a rock bottom point tbh.

toolshead

what drug issue?

https://bsky.app/profile/maks23.bsky.social/post/3lqhg5ywacc22

SchrodingersCat

https://www.boards.ie/discussion/comment/123464002#Comment_123464002

Over what time period are the Tesla shares up? It’s meaningless to make the statement “Stock price is up” without stating a time period.

Let’s take your sample in the world where Tesla sales are actually up this quarter compared to the same quarter last year: Ireland. By what, 5%?

In comparison, EV sales are up by 26% in this country.

5% is worrying in comparison.

Tesla need a CEO who will spend their full time with the company and not spend their days trying their hand at politics and amplifying eejits like Nigel Farage and Enoch Burke.

eightieschewbaccy

Also Tesla stock prices are plummeting today due to Trump. Musk and Trump have fallen out which could make the meme stock position far more precarious. So he's basically hit himself on all sides.

sk8board

it’s a (potentially) fascinating turnaround in someone’s fortunes in just 48 hours.

He’ll get nothing from the US government in this Trump term without a pretty serious act of contrition - and lets be clear, both the republicans and democrats will be looking for Musks financial backing, so a truce isn’t beyond reason.

It’ll be hard to sell EVs in America’s without the incentives that Trumps bill removes, and impossible to send anything to space, never mind Mars, without NASA strict approval.

That said, the US have no other options for manned space travel to the ISS (alternatives are still years away, and they won’t buy seats from the Russians) , so they’ll keep using SpaceX for sure, irrespective of what Musk said last night.

magicbastarder

15% share drop yesterday. should have bought; usual pattern seems to be they rally again the next morning and regain the losses.

sk8board

https://www.boards.ie/discussion/comment/123519397#Comment_123519397

doesn’t seem like a very solid investment thesis tbh.

That said, Tesla is a pure momentum play. It’s not possible to do any rational valuation/analysis on it.

You believe in elons vision, or you don’t own the shares. Pretty simple.

All the meme cryptos, doge etc dropping hard too, along with anything Trump related - DJT, the Trump and Melanie memecoins, News Max shares etc etc - it’s one big dumpster fire overnight 🔥

magicbastarder

doesn’t seem like a very solid investment thesis tbh.

i should have been clearer that i was joking.

sk8board

https://www.boards.ie/discussion/comment/123519424#Comment_123519424

you just need to believe harder in those appreciating assets on the driveway 😀

michael-henry-mcivor

Musk out of the Trump orbit-

Musk ets at dawn now-

eightieschewbaccy

https://www.boards.ie/discussion/comment/123519413#Comment_123519413

Yep, that relationship collapsing really could throw a lot of things into motion. On top of that, the more serious investors will be far less likely to take a risk on a meme stock with the risk of Musk ending up under investigation etc.

pah

This fallout was a ticking time bomb all along. It's absolutely glorious to watch.

Red Silurian

https://www.boards.ie/discussion/comment/123519612#Comment_123519612

I saw this coming from a mile away, 2 overly heated personalities were never going to work… I can also see them kissing and making up in a few weeks time

liamog

https://www.boards.ie/discussion/comment/123519668#Comment_123519668

In shocking news tariffs have been announced on vehicles produced in Mexico, the tariffs will be applied to all territories owned by Mexico before the Texan revolution. This co incidentally means that the Tesla manufacturing plants in Austin, Fremont and Nevada all are now affected by the the enhanced tariffs, when asked for comment the presidents office said, ah, we must of used a really old map, we'll get round to fixing it soon but right now we've more important priorities due to the Gatorade Lucozade war. Tesla's stock price went up 1700% on the news surprising the market.

// end sarcasm

Detritus70

https://www.boards.ie/discussion/comment/123492325#Comment_123492325

It's so blatant, isn't it? We're living in an age where truth and facts have become meaningless. I suspect that a lot of people have actually given up on higher brain functions and they are just glued to the drivel that Trump and Musk spout, because they are empty shells devoid of all but the most base motivations.
Whoever believes any of Musk's drivel either has been dipping into the Ketamine too much or they are paid to praise The Leader. Or they are merely the new breed of stock market jockeys who have abandoned all human decency in the search for profit at all costs. I'm beginning to view people like that as not fully human.

Red Silurian

https://www.boards.ie/discussion/comment/123519711#Comment_123519711

Speaking of market surprises, $100bn wiped off Teslas value this morning over the Musk/Trump fallout. It's been steadily falling this year on the back of their friendship and declining sales

Damned if you do and damned if you don't it seems

prawnsambo

https://www.boards.ie/discussion/comment/123519758#Comment_123519758

I think it's more likely the binary thinking that has affected politics and spread to other areas. You're either on my team or against my team is the thinking. And certainly Musk cultivates this as does Trump.

It absolves the holder of any need to think. Must be tough for them right now with the two protagonists duking it out in public.

magicbastarder

steve bannon is openly talking again about the idea of investigating musk with a view to deporting him as an illegal alien.

prawnsambo

https://www.boards.ie/discussion/comment/123519788#Comment_123519788

There is some doubt as to whether or not he made himself ineligible due to a gap somewhere between different visas he had. He admits there's a "gray area" there.

the_amazing_raisin

https://www.boards.ie/discussion/comment/123519826#Comment_123519826

The current administration has been quite happy to (illegally) deport green card holders who have permanent residence

I don't think they're going to let the legality of anything hold them back from a deportation order

I don't see that happening however, Elon is still very rich and influential and that gives him a lot of political influence. Both parties will happily cost up to him to get the donations flowing

Best case scenario that I could see would be him going and creating his own party only to split the MAGA vote in the midterms and basically hand the Dems both houses

eightieschewbaccy

https://www.boards.ie/discussion/comment/123519764#Comment_123519764

In fairness, Musk thinks he's Machiavelli and ended up tying himself up too much in Trump. The likes of Bezos etc have made sure to remain largely separate which has insulated their businesses. Meanwhile Musk has played to all this ****.