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

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Comments

  • Registered Users, Registered Users 2 Posts: 566 ✭✭✭DrPsychia


    There was a time when I could seperate the man from the brand, but that time is no more. He has done irreparable damage to the brand. I will not buy another Tesla as long as he is in control of the company.

    Post edited by liamog on


  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    I don’t think you were ever going to buy another Tesla in fairness 😂

    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 9,729 ✭✭✭CMOTDibbler




  • Registered Users, Registered Users 2 Posts: 9,367 ✭✭✭Royale with Cheese


    Bought one last January, probably wouldn't do the same if I was buying now. He's gone from just crazy to dangerous in the past year, there's more choice now too. That said, anyone who wants to judge me for owning a Tesla can get fucked tbh.



  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    "That said, anyone who wants to judge me for owning a Tesla can get fucked tbh."

    ^^^^^

    That's it, in a nutshell.

    No car brand is clean, from VW, BMW, BYD, Nissan etc etc



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  • Registered Users, Registered Users 2 Posts: 34,358 ✭✭✭✭listermint


    Massive fight now to retain resale value , throwing stones around for no abject reasons.



  • Registered Users, Registered Users 2 Posts: 11,761 ✭✭✭✭Red Silurian


    Musk is runs 5 companies at my last count. Tesla is only 1 of those companies yet anytime you open up a news article about Musk he is only ever linked to just 1 of the companies he runs.

    When a news story about the Chinese government comes in it doesn't get linked to any of the many businesses owned by them. A story about Michael and Danny Healy Rae never mention their plant hire business. Yet an electric car company, none of the other companies he owns, has to be constantly linked to Musk

    There seems to be a coordinated attack by the media to consistently link Tesla and Musk in almost every news article we see, hear and read.

    I'd be very surprised if the oil industry has nothing to do with it

    I don't like the man, many don't, and the media is trying very hard to link him to EVs. This is an attack on EVs by the media by any other name



  • Registered Users, Registered Users 2 Posts: 9,367 ✭✭✭Royale with Cheese


    I've no interest in selling mine anytime before the warranty is up so its value makes little difference to me.



  • Registered Users, Registered Users 2 Posts: 36,381 ✭✭✭✭o1s1n
    Master of the Universe


    I suppose the issue being that Tesla and Elon are current events. Tesla is currently tied to meglomenical billionare bond villan who's trying (and succeeding) to meddle in current world politics. By buying a Tesla, you're supporting him, whether you mean to or not.

    Not sure if VM, BMW, BYD or Nissan are doing quite the same thing in today's world? (do correct me if I'm wrong)



  • Registered Users, Registered Users 2 Posts: 9,729 ✭✭✭CMOTDibbler


    I've taken you up on this before wrt VW. They were taken over and run by the Brits for a few years after the war and then handed over to the then German govt. Completely disconnected from its previous associations.

    But back on topic. Putting aside Musk's politics (if you can call it that), his involvement in the US government means that his attention is spread extremely thinly and since the Tesla board is made up almost entirely of his yes men, there's going to be less and less of his input there. Maybe that's a good thing - less Cybertruck, more proven sellers, but it could also lead to snap decisions that are poorly thought through (Cybertruck again).

    For me, the problem with Tesla has always been the drive to make them cheaper and quicker to produce (not bad things in themselves) which has led to quality issues, dangerous failures (Cybertruck accelerator pedal, autopilot) which have put Tesla at the top of the fatality list in the US.

    Musk's mercurial nature is another issue. You just never know what he's going to do next and some of his decisions have been questionable such as dropping the model 2, Cybertruck, indicator stalks (likely to reduce Euro NCAP rating) etc. There's also more than a suspicion that owners are effectively beta testing their cars based on the huge quantities of data that is uploaded to the mother ship.

    I just wouldn't trust one. Or him.



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  • Registered Users, Registered Users 2 Posts: 372 ✭✭pjdarcy


    As a leftie liberal snowflake I wouldn't be seen dead in a Tesla given Elon's political affiliations but maybe the Tesla market will shift from left wing to right wing voters. A confederate flag roof option might help sales in the U.S. 🙂



  • Registered Users, Registered Users 2 Posts: 11,761 ✭✭✭✭Red Silurian


    Not sure if VM, BMW, BYD or Nissan are doing quite the same thing in today's world? (do correct me if I'm wrong)

    VW - 10% owned by the state of Qatar. A country that famously held the soccer world cup in 2022. You might recall a lot of people died of suspicious circumstances while building the stadiums at the time? LGBT and women's rights being an ongoing issue in the oil exporting country

    BMW - While the 2 current owners seem to be quite the philanthropists, having a google for "The Silence of the Quandts" to see their family history might interest you. They have supported the CDU in Germany so politically involved as well

    BYD - Majority owned by Wang Chuanfu, a member of the communist party of China. Uighur Muslims.

    Nissan - Former CEO, Carlos Ghosn, was convicted due to financial irregularities but you rarely see his name associated with Nissan unless you go digging



  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    Resale value effects all cars and only matters if you're selling.

    If you are not, then its irrelevant. Its not an asset, you don't need liquidity in your car for anything other than selling and buying again.

    We will see the same resale value dropping on all cars in the next year from all brands as normal and in line with the Tesla. Tesla are not special, they will follow the depreciation curve like any other car and seem to be doing so already.



  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    Well, since you mention VW. Their current crop of CEOs seem to be still living in the past. only 5 years ago, they were still making Hitler gaffes internally, so not "Completely disconnected from its previous associations."

    image.png


  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    I can still separate him from Tesla, he is not Tesla and Tesla is not him to me, at the moment.

    some very recent world events from the companies you mention here :

    https://www.bbc.com/news/articles/c8xj9jp57r2o

    https://www.theguardian.com/business/article/2024/sep/03/martin-winterkorn-ex-volkswagen-boss-at-heart-of-dieselgate-scandal-appears-in-court-for-first-time

    Nissan corruption, fraud etc, no point me throwing google links to everything.

    Like i said in my post, no car manufacturer is clean.



  • Moderators, Category Moderators, Arts Moderators, Sports Moderators Posts: 52,256 CMod ✭✭✭✭magicbastarder


    why would tesla think musk is hurting them? it's phenomenal news for them that musk is one of trump's right hand men. until he does something to make trump think he's disloyal…



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


    Then they can all feck off, whether it be for benefiting from slave/indentured labour in Xinjiang or flooding the roads with crossover slop.

    See how easy that was?



  • Registered Users, Registered Users 2 Posts: 24,261 ✭✭✭✭ted1


    I get the feeling that Musk is done with Tesla. He’s bored and not to involved.
    He’d no interest in convincing the Don to keep incentives and stop dishing EVs

    Mudk is focused on loosing government money into SpaceX for Moon and Mars landings. They’ve already weaponised StarlinX, via Starshield.



  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    it may help Tesla if he steps away.

    Last week, Europe's biggest Pension Fund sold their €571m stake in Tesla. Ethical reasons or maybe they know something we dont?

    If i had Tesla stock, id be considering cashing in, but i aint a FA so could be completely wrong!



  • Registered Users, Registered Users 2 Posts: 9,729 ✭✭✭CMOTDibbler


    Really stretching here. He's gone three years. But if you think those kinds of expressions/gestures should warrant expulsion from the company…



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  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    Well it takes time. VW Dieselgate CEO only went on trial in September, nearly 10 years after the scandal.

    You might read my other posts where I've stated that Musk gone may actually benefit Tesla Car Company. I don't like nor dislike him, I just don't care tbh. I couldn't care if he was CEO or if they booted him out. I like the cars, that's it, I also like BYD cars, BMW cars, VW cars and many others.

    I just don't care about Musks platfoms, X, Space stuff, robots or politics and don't let it live rent free in my head.

    Will he hurt Tesla is the question, and that's been floated since the start of this thread, and the answer is still currently no, based on sales figures. That may change going forward but we shall see.



  • Registered Users, Registered Users 2 Posts: 9,729 ✭✭✭CMOTDibbler


    Based on 2024 sales figures Tesla were down 10% in Europe (EV sales overall down 5.9%).

    All models down in the US (M3 most significant at 17.4%) where other marques were showing strong growth.

    Whether that's specifically down to Musk or some other factor is hard to tell. Some saying that it's because models are getting tired (not true for M3 though) or maybe because there's far more competition now.



  • Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 8,262 Mod ✭✭✭✭liamog


    It's Tesla shareholders who do the calculus, is Elon Musk delivering value as a CEO? If his extra company activities mean he doesn't have enough focus on running the company, and his reputation causes too much impact to sales then they pull the plug. We're starting to see investors exit their position siting him as the reason, but I don't think we're anywhere near that point yet.

    I think sales numbers are impacted, especially now as there are more alternatives available, I also believe there's a high degree of pearl clutching by people who were never going to buy one in the first place. There are people who have spent years telling people why they wouldn't buy a Tesla, surely that's a decision you make and then move on, you don't need to keep sharing new reasons why you don't want to.

    Recently I've been reducing the amount of time I use Twitter/X. It's not because of my views on its owner, it's because the product has gotten a lot worse, the alternatives are now better. If Tesla vehicles fail to keep up with market people will move to alternatives. I think it's the actions of Tom Zhu and Franz von Holzhausen that will dictate whether that happens.

    I think the biggest risk Tesla face is experienced employees exiting the organisation because they don't want to be associated with Elon.



  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    More competition is my opinion.

    EV's are very like mobile phones nowadays, no manufacturer has anything substantially better than the other. Its coming down to style, preferences and of course, if you have a grievance with the CEO. While Tesla were down 10% year on year in the US, they still outsold the others by multiples of 3:1.

    1. Tesla: 633,762
    2. GM: 112,897 (including Chevy, Cadillac and GMC models)
    3. Ford: 97,865
    4. Hyundai: 61,727
    5. Kia: 56,099
    6. Rivian: 51,442
    7. Honda: 33,017
    8. Nissan: 31,024
    9. Mercedes-Benz: 28,154
    10. Audi: 23,152

    1. Tesla Model Y: 372,613
    2. Tesla Model 3: 189,903
    3. Ford Mustang Mach-E: 51,745
    4. Hyundai Ioniq 5: 44,400
    5. Tesla Cybertruck: 38,965
    6. Ford F-150 Lightning: 33,510
    7. Honda Prologue: 33,017
    8. Chevy Equinox: 28,874
    9. Cadillac Lyriq: 28,402
    10. Rivian R1S: 26,934

    In Europe, they are down nearly 30% depending on what month etc you pick, November 2024 V 2023 for example.

    But as you say, all EV sales are down, it cant be all the CEO's faults. Consumer confidence, Government agendas and the oushing of EV's didnt help, FUD online, lack of fact checking and now the socials will go into freefall, i suspect Facebook will follow in X's shoes now with the fact check going, they are cess pools.



  • Registered Users, Registered Users 2 Posts: 9,729 ✭✭✭CMOTDibbler


    Yeah, my view too. You could probably throw in some of the other factors as contributory, but it's a completely different landscape from even three years ago.

    And this dovetails with what I said further above about his lack of involvement. Without direction, the fleet may become even more tired and stale and push people away. I was never fond of the look of them bar the model S which I thought was a gorgeous car. Even if you do like them, the ubiquity would start to get to you. From a distance, I doubt the average punter would know the difference between a MY or a M3. Even with the refresh of the M3.

    The share price is propped up by his involvement with Trump. That's a dangerous situation to be in. All it would take is a falling out (not without its precedents) and it could collapse. Even a lack of growth could be fatal.



  • Registered Users, Registered Users 2 Posts: 13,001 ✭✭✭✭the_amazing_raisin


    Tesla and Twitter are the 2 businesses he owns that most people would recognise and interact with

    They're also very SEO friendly keywords which drive clicks (and revenue) on a news site

    I'm not sure it's a conspiracy from the oil industry so much as just news sites chasing clicks

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



  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    I'm not a politics person, but my outside limited opinion is that Musk and Trump will clash at some stage. They are not suited together IMO.



  • Registered Users, Registered Users 2 Posts: 11,761 ✭✭✭✭Red Silurian


    Guarantee you the oil industry is all over this. They've been running and hiding and trying to attack from the edges for years now



  • Registered Users, Registered Users 2 Posts: 13,001 ✭✭✭✭the_amazing_raisin


    I think at this stage Tesla is a money printer for Elon to finance his other endeavours

    In this case he has to maintain the share price at a certain amount. As with many tech companies the share price versus the value of the product delivered doesn't necessarily correlate, so his job in Tesla is to drive hype rather than actually do anything useful

    As others have said, maybe that's a good thing overall

    Regarding other social networks, I think there's a steady trend away from the traditional networks anyway. There's been a long running drive from them to increase revenue by forcing more ads in front of the user and generally making the service worse

    I've recently made the switch away from Google because of the river of sponsored ads and AI generated SEO garbage

    I think people are also starting to see social networks as just an endless stream of trends and influencers (plus ads) rather than a way to connect with people. TikTok in particular basically just started out as an influencer platform and skipped any meaningfully positive phase

    I'm tempted to give Mastadon a try but I'm also wondering why I should bother. I closed out my social media accounts years ago because I wasn't getting anything useful from them so why restart the habit?

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



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  • Moderators, Society & Culture Moderators Posts: 42,191 Mod ✭✭✭✭Gumbo


    "I closed out my social media accounts years ago because I wasn't getting anything useful from them so why restart the habit?"

    ^^^^This.

    I have no Tik Toc or X.

    LinkedIn is business so no correlation to the Socials, and even that is beginning to feel like an ad platform.

    I have a FB account purely to stay in certain private groups that are exclusively used for organising events, Gym, hunting competitions etc



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