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

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Comments

  • Registered Users, Registered Users 2 Posts: 1,472 ✭✭✭cannco253






  • This is the problem with building a brand around one personality.

    Some buyers won’t necessarily focus on Musk’s antics, but many will and particularly in the US where he’s engaging directly in politics and alienating a lot of would be Tesla customers.

    It’s also happening at a time when other manufacturers are rapidly catching up with Tesla as the EV market matures and expands and inevitably is becoming more competitive.

    Tesla is massively overvalued but I think he may well end up being the prick that bursts the bubble.



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    Yeah if we take the example of Steve Jobs, who seems an apt comparison, it's pretty obvious that Apple learned the hazards of having an outspoken CEO at the helm. Tim Cook by contrast doesn't seem to have a strong opinion about anything, or at least he's better at keeping quiet until he knows the winning side

    I dunno about Elon alienating potential customers, there does seem to be indications of excess stock in inventory but that could easily be attributed to inflation and interest rates rising.

    It's quite possible that there's a few customers turned off by Elon's antics but there's probably as many who put a reservation down, realised around delivery time that the numbers didn't add up and cancelled their order

    One thing I will say is that if Elon's plan was to make Tesla more appealing to conservative leaning buyers, and he's caused more liberal customers to ditch Tesla, then it seems to have been a fairly abject failure

    Post edited by Boards.ie: Mike on

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost





  • To place your brand in the middle of an American culture wars debate, and on the side that most of your most likely customers aren’t on is … well … at best a spectacular miscalculation.

    Tesla could have happily motored along without any fuss.

    I think the comparisons with Jobs are very limited. The only issue there was that the distinction between Jobs and Apple was becoming blurred, but he wasn’t a particularly controversial character in the public space and tended to be rather low key and private beyond his tech sector role. You certainly didn’t see him intervening in politics or making toxic public statements. I know there may have been internal politics and some people didn’t like him, but it was corporate tech sector internal clash of personalities stuff. It was nothing like this at all.



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    Well Jobs had a few moments, guy was apparently a total prick to work with. He seemed to learn to keep his mouth shut towards the end


    But Elon definitely seems to be trying to outdo everyone else. Here I was thinking it doesn't get crazier than the My Pillow guy 😂

    I absolutely agree that politics make for bad business. There's a reason almost every major brand tries to stay away from taking a strong stance on anything politically sensitive. At least until they've got a good handle on their customers views

    Post edited by Boards.ie: Mike on

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users, Registered Users 2 Posts: 4,820 ✭✭✭MojoMaker


    Well Jobs may have appeared milder in the public space, but put it into temporal context - where exactly was he going to shout in the mid-90s? A letter to the NY Times maybe?

    Also, these days, there are a lot more idiots available and ready to listen.





  • I think it’s easy for us in Ireland to see Tesla and Musk’s politics as two distinct things because they don’t really impact us. It’s just something happening over there and they’re just an EV brand.

    It’s very different if you’re in the US in the midst of almost unprecedented political and social turmoil and the CEO of a car brand is taking centre stage in all of that.

    You could easily see why a lot of Americans may find the brand suddenly becomes very tainted.

    You’re not going to see American conservative petrol heads suddenly start buying EVs just because of the CEO but you could easily see the toxicity of all this meaning someone picks up a less controversial brand.



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    I'm not sure about the more idiots statement, although I guess population growth would explain that.

    I do agree that stupidly is more accessible than ever 😫

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    True and I would say that in the past 5 years there's been a huge upswing in brands "picking sides"

    However they tend to try and walk a fine line and I feel that since Biden became president there's been a deliberate effort from many companies to be a bit more neutral

    Like they'll all generally agree on some things like climate change is bad, gender and racial equality is good. But there's fewer instances now of companies coming publicly supporting protesters unless it's to their obvious market benefit

    Post edited by Boards.ie: Mike on

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



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  • Registered Users, Registered Users 2 Posts: 13,503 ✭✭✭✭Mad_maxx


    What exactly has Musk said?



  • Registered Users, Registered Users 2 Posts: 794 ✭✭✭Zurbaran


    Have a look on twitter maybe? He talks loads of crap on there.

    The stock has been way overpriced compared to other brands so I’m not surprised it dropped but he certainly brought it forward and will take the blame even though it was him and his spoofing that made it go unrealistically high in the first place.



  • Moderators, Society & Culture Moderators Posts: 40,027 Mod ✭✭✭✭Gumbo


    What if you don’t do Twitter, like 90% of the civilized world?



  • Registered Users, Registered Users 2 Posts: 1,999 ✭✭✭Jizique


    Don't tell Musk, he thinks the world hangs on his utterances



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users, Registered Users 2 Posts: 12,505 ✭✭✭✭DrPhilG


    The fact that people are making decisions as big as what car to buy because of the CEO's political leanings sums up what's going wrong with society.


    Yes its a free world, by all means decide however you wish. But it all feeds back to the obsessive political polarisation of everything.


    If someone leans left, they're not automatically a loony leftie communist. If they lean right they're not automatically a Trump loving gun toting Nazi.


    People here being shocked to see the political leanings of others on this thread? Wise up. Respect others decisions. Not everyone you disagree with politically is a bad person, in fact 99.99% of them are no different from you in general life.


    Elon Musk is a loose cannon and a bit of a weirdo. But he's a million miles away from doing anything to make me disown his brand. I hope to own a Tesla someday, just don't have the finances yet.



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  • Registered Users, Registered Users 2 Posts: 13,503 ✭✭✭✭Mad_maxx


    If Musk was ousted as Tesla CEO, wouldn’t surprise me if the stock rebounded sharply, the big money knows it’s a winning story long term



  • Moderators, Society & Culture Moderators Posts: 40,027 Mod ✭✭✭✭Gumbo


    I don’t seek out the news. But the news you do hear in the back ground is about him banning users from an online social platform.

    Back in real life that means nothing to me.

    Firing employees with massive pay offs. I do wish that was me though.

    Stock price drops don’t affect me. I dabbled with them in Revolut for fun but glad I sold before the split and bought the car so I suppose I have to thank him for that.

    I just couldn’t be bothered with what he does or says to be perfectly honest. I don’t follow him, I’m not hanging on his every update 🤷‍♂️



  • Registered Users Posts: 2,066 ✭✭✭HerrKuehn


    He is definitely damaging Tesla with his actions/views on Twitter. The main reason being, a lot (not all) of the customers for EV will be liberal/left. The car a person drives is making a certain statement to the world about their views and beliefs, probably more than any other consumer item. I think a lot of people will not want to be associated with Musk/Tesla. I wouldn't be happy with his behavior if I was a a Tesla investor. His job is to maximise shareholder value and I think his actions are having the opposite effect.



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    Well like I said there's other aspects than sales where Elon seems to be causing pain for Tesla

    Offloading a whole load of shares and seemingly being AWOL from his job is definitely hurting investors

    The other side is attracting talent, given Elon recently sent an ultimatum to Twitter staff to either be prepared for "hardcore" work hours to get out. And given Tesla is pretty notorious for being a tough work environment, you could see a case where younger engineers coming out of college who have a choice of employers staying away from Tesla.

    Sharing your employer's political views definitely isn't a requirement for applying for a job, but if you strongly disagree with them then you're probably less likely to give extra effort than what your job requires, which Elon's businesses seem to depend on

    Particularly since there's a bunch of other companies manufacturing EVs and components now, prospective employees have options now

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users, Registered Users 2 Posts: 18,303 ✭✭✭✭Dohnjoe


    He's overseen a 50% drop in his stock in the last 3 months, many CEOs would be replaced over something like that. Then there's the fact that he's CEO of multiple companies. Then there are his increasingly bizarre antics and online tantrums.

    The whole package is very worrying from an investor perspective.



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  • Registered Users Posts: 500 ✭✭✭PaulJoseph22


    Cool, nothing cool about anything associated with that dangerous egomaniac.



  • Registered Users Posts: 500 ✭✭✭PaulJoseph22


    Exactly, one would sooner drive a Dacia Duster.



  • Registered Users, Registered Users 2 Posts: 1,351 ✭✭✭80sDiesel


    I am thinking he bought Twitter for his amusement.

    Dont forget he believes we are in a simulation. Basically humans would evolve to create multiple simulations unless they destroyed themselves. So either we are in a simulation or in base reality.

    As weird as it sounds most people dont know that gravity is just time curving into space yet they experience it all their lives.

    It's an interesting logical thought but the point being he is amusing himself . What , in his mind or reality, does he have to lose.

    And he kinda has a point. It's not as if we get a second go at life or whatever reality he believes in

    A man is rich in proportion to the number of things which he can afford to let alone.



  • Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 8,086 Mod ✭✭✭✭liamog




  • Registered Users, Registered Users 2 Posts: 1,149 ✭✭✭spakman




  • Moderators, Society & Culture Moderators Posts: 40,027 Mod ✭✭✭✭Gumbo


    I was quoted in a post. It’s polite to reply.

    If you want just yes men to post in the tread fair enough. Yes ok.



  • Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 8,086 Mod ✭✭✭✭liamog


    It's not a new phenomenon for people to make purchasing decision based on the perceived ethics of a brand. Choosing to give your money to a particular company is one of the few ways the average person gets to impact a brands direction. What's relatively unusual in Tesla's case is how much the brand is tied to Elon Musk. He has chosen to make himself front and centre of the brand in ways that other automotive CEO's don't.





  • It's even more of a concern when you consider that EVs are primarily bought on the basis of a environmental considerations, which means you're dealing with a cohort of very ethically motivated consumers.

    Yeah, he moved EVs to a somewhat more mainstream position and made them suddenly seem 'cooler' but that isn't enough to retain market share if you're starting to do all the things that are likely to really annoy that kind of consumer, which is exactly what he is doing.

    I mean, this is heading to a point where it's like trying to selling solar panels under the Trump brand or something. It's just doesn't work.

    He's too politically charged and he is very much the ambassador for the brand. So, his politics in most people's minds are now Tesla's politics. His statements are Tesla's statements.

    I honestly think Tesla needs to ditch him, distance themselves from his politics and ranting and just move on.



  • Registered Users, Registered Users 2 Posts: 29,779 ✭✭✭✭AndrewJRenko


    To get back to the main topic, seeing as Tesla lost $25 billion of value in the last 24 hours and Musk is arguing on Twitter with his biggest Tesla investor, it is safe to say that Musk is hurting Tesla.




  • Registered Users, Registered Users 2 Posts: 5,862 ✭✭✭creedp


    I might be particularly nieve or completely out of touch but I bought an EV purely on financial grounds with environmental considerations being a nice secondary benefit. Maybe you're right though that the majority of EV buyers are motivated primarily on environmental / ethical gounds and if so financial incentivation policies are a complete waste of scarce public resources.

    Post edited by Boards.ie: Mike on


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  • Registered Users, Registered Users 2 Posts: 5,862 ✭✭✭creedp


    Given all the palaver surrounding the ethics of awarding the World Cup to Qatar one would expect a significant backlash against Hyundai / KIA from the ethically minded EV buyers. Somehow I think in reality they will wrestle with their conscience and continue to support the brands with gusto.



  • Registered Users Posts: 186 ✭✭Fantana2


    With the steep decline in share value is Musk in danger of a margin call on his Tesla stock which he used for the Twitter deal?

    6.96kwp South facing



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    I think he sold it all for cash, so he's in no danger. He did take a bunch of loans to buy Twitter but they're leveraged against Twitter itself, so Musk is protected if he can't repay them


    He sold some more Tesla stock recently to finance the loan repayments, after saying he wouldn't. There was talk of him using the stock as security for another loan but I guess that fell through, probably when the bank's looked at his current finances and laughed at him

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    Well it depends on how strongly the buyer feels about the issue at hand, and how much buying choices they have


    For example it's easy enough for me to boycott Heineken for sponsoring the world cup because I don't like drinking bottled p!ss anyway

    There's not so much choice when it comes to buying an EV, so I imagine as you say a lot of customers will continue their purchase

    There might however be a few customers who were on the fence between a Kia and a VW or Ford and decide they'll go with one of the latter brands based on the world cup sponsorship. I doubt sales will suffer as a result, EVs are still in high demand and every customer switching brands is easily replaced

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users, Registered Users 2 Posts: 5,862 ✭✭✭creedp


    Personally I quite like Heineken.. does that mean I like to drink bottled p1ss?

    I agree with you though that it's very easy for people to be passionate about supporting a worthy cause when it doesn't negatively impact on them. There's a lot of that on social media lately. In fact constantly expressing concern on so many worthy causes is probably a significant contributor to environmental damage.



  • Registered Users Posts: 1,986 ✭✭✭PeadarCo


    The problem for Tesla is not necessarily consumers but potentially that Musk is potenially driving away critical staff. Musk has come out with some anti vax tweets recently and generally appears to be promoting anti scientific views. In the short term this will have no impact but in the medium to long term will drive away critical staff to competitor's.

    Given Teslas crazy public valuation over the last few years it needs some sort of technology that will put it leaps and bounds ahead of other manufacturers. Every other major car manufacturer has invested in electric cars/hybrids and as long as they make even ok cars when compared to Tesla they will compete.

    To make the advances Tesla needs to make to even remotely justify the hype around it/historic share price, its essential that Tesla recruit the best staff possible. If you are a top researcher/scientist why join a company that's lead by a person who will trash other top scientists/researchers abet in a different field. It raises the question would he turn on Tesla staff if something he didn't like was discovered? Why not join another company where you don't have to deal with that risk. That's before you look at the very public staff layoffs at Twitter. It doesn't exactly encourage in demand staff to join unless you pay a significant premium(Again costing Tesla)

    Again none of what I've said above will impact Tesla in the short term only medium and long term if Musk remains in charge.



  • Registered Users, Registered Users 2 Posts: 14,275 ✭✭✭✭josip


    Well whatever about continuing as CEO of Tesla, if he keeps his word he won't be CEO of Twitter much longer.




  • Registered Users, Registered Users 2 Posts: 12,505 ✭✭✭✭DrPhilG


    58% now with less than an hour to run.


    100% guarantee he already has someone lined up for the job and this was just a way of making himself look like a good guy by stepping aside as per the wishes of the people.


    If the poll had gone the other way he'd have kept going another month or so and then done it anyway.



  • Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 8,086 Mod ✭✭✭✭liamog


    I don't think it changes much, as the lead owner he will still be in charger of the direction of Twitter. I do think he should step down as CEO, purely so that he can focus on running Tesla and SpaceX. I don't think his style of leadership is compatible with running Twitter which is operating under a consent decree from the FTC and will be subject to the upcoming digital single market rules in the EU.



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  • Posts: 0 [Deleted User]


    I had a twitter account until earlier this week but as I never used it I just decided to close it because, as you say, it's just monumental waste of time following adults bickering to each other. Now I have only LinkedIn remaining of the usual suspects. Let's hope some looney doesn't take over that next. Great if Musk will hand over the Twitter baton to somebody else, it's about time in my opinion. Somebody should just remove the phone from him and ask him to run Tesla/SpaceX instead.

    Henry Ford used to say something like any publicity is good publicity but I'm not buying that. Still wouldn't stop me getting another Tesla if they stay competitive. Based you your experiences in VW thermal management and software Tesla will continue to be the golden standard in EV tech where you just drive to places without having to double guess what the car is doing to accomplish it. As long as it stays that way people will continue buying regardless of the CEO.



  • Registered Users, Registered Users 2 Posts: 24,507 ✭✭✭✭Larbre34


    I don't think his leadership is compatible with Tesla or Space X either at this stage. He is clearly somewhat unhinged and completely distracted from doing any one thing fully and correctly.

    In fact, Tesla's largest individual shareholder, of 23 million shares, Leo Koguan, has called for him to go before he drives "high flying Tesla into a penny stock". And this guy was once his biggest cheerleader.



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    I got the impression that he doesn't really run SpaceX anymore despite being CEO

    I agree with others that he should probably take a step back and set direction rather than getting into the nitty gritty details on several major enterprises in different sectors

    But I guess that's how he likes to roll, he obviously enjoys the chaos around him and isn't afraid of controversy.

    He can do what he wants as far as I'm concerned but I feel for the staff at his various companies who are likely rolling their eyes at his antics

    It's worth keeping in mind that a lot of Tesla staff, particularly senior leaders, often receive stock as part of their compensation.

    Generally if you see the CEO seemingly deliberately working to hurt your salary then you might not be inclined to give your best effort, might even be pushed to work elsewhere

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Posts: 21,179 ✭✭✭✭ [Deleted User]


    Oh yeah I have linkedin but don't regard that as social media even though it's turned into that now but I don't take the bait, but it's exactly the kind of nonsense on linkedin that big tech love. It's gone extremely intolerable and unprofessional people expressing thoughts and opinions and politicising a so called professional platform. It's gone to the dogs altogether and I would hope that if someone else took it over they would forbid people posting anything other than jobs. I have thought about deleting linkedin too but will keep it for another while until I find out whether or not it may effect my ability to apply for jobs in the future.

    But seriously the mental effects of social media can't be good, in fact I think this has been well proven by now, this level of toxic exposure especially over years is bound to have an effect on People, I've failed to see the good in social media and feel it would be far better if People pick up real hobbies and not giving big tech more control over their lives but, until then, I do hope musk succeeds in creating a platform where everyone has a voice and hope that the E.U does not force twitter to continue the extreme censorship and only allow one political view/agenda to take over, this is wrong but typical of tyrants and we should stand up to tyrants.



  • Registered Users, Registered Users 2 Posts: 28,493 ✭✭✭✭TitianGerm


    I don't think it's a coincidence that he was at the WC final on Sunday night with a few of the Saudi and Quarti investors and then on Monday he opens the poll.

    My guess is he's been told to step down or they'll remove him. The poll is his way of saving face.



  • Registered Users, Registered Users 2 Posts: 6,510 ✭✭✭Oafley Jones


    He’s stayed well away from SpaceX for years. Gwynne Shotwell is the reason SpaceX is a success



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  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    Oh I'd believe it, but he is the CEO on paper at least, so he gets all the credit 🙄

    I heard somewhere that a lot of the execs in Tesla and SpaceX spend their time managing Musk and trying to stop him from torching the companies with some mad idea or making some bizarre promise to customers they can't possibly keep


    Dunno how much truth their is but given the attrition rate of senior managers in Tesla he seems like a pretty horrible person to work for

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users Posts: 230 ✭✭Water2626262


    The facts are whether you agree with them or not is that tying the brand to maga / anti vax sentiments is toxic to a large share of its demographic.

    The world is more divisive as a lot of people feel the stakes are high whether it’s climate change, inequality or threats to democracy.

    Elons pettiness and desperation online does not instil confidence. Starlink is one of many examples. He provided it to Ukrainians at the start of the invasion and got great press in doing so. He then later made appeasement comments to his followers and got a resounding backlash from many including Ukrainian government officials. His response was to threaten to pull the whole service. You can’t trust someone who operates like that. He could radically change the software or operating agreement on Tesla vehicles at a whim.

    I think there still will be strong demand for EVS and Tesla will ride that wave but I don’t think you can deny this behaviour is damaging. Especially with the competition rapidly catching up.

    If he hadn’t such a thirst for approval online I reckon Tesla would be doing a lot better.

    That being said I don’t think he’s different from his competitors, they just keep the mask on. Elon is mask off and repulsive to a lot of people.



  • Posts: 21,179 ✭✭✭✭ [Deleted User]


    I've seen some horrible bosses in my day so I don't think it makes Musk any worse than any of those, In fact I'm sure he's better than at least 2 of my old bosses who were right sons of bitches.



  • Registered Users, Registered Users 2 Posts: 12,142 ✭✭✭✭the_amazing_raisin


    I agree that Elon probably isn't worse than your average CEO, although lately he seems to be a bit more off the rails than usual.

    I'm pretty sure any well staffed PR department has someone who briefs the CEO on exactly what to say and doesn't let them on social media unsupervised

    Elon on the other hand take a slightly more hands on approach and we all get to experience the results

    I'll confess I've been having a good laugh at his antics, but frankly I don't care about what happens on Twitter

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Posts: 21,179 ✭✭✭✭ [Deleted User]


    "The world is more divisive as a lot of people feel the stakes are high whether it’s climate change, inequality or threats to democracy."

    Social media has caused a lot of People to get involved in stuff they wouldn't if it were not for social media, spreading ideologies that go against everything normal. I've seen and heard things the last year or two that have really shocked me and I know if it were not for social media it wouldn't be.

    All social media has done as far as I can see is cause massive division.



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