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

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Comments

  • Registered Users, Registered Users 2 Posts: 9,727 ✭✭✭CMOTDibbler


    It's early days yet, but if the sales figures recorded so far continue into the year, the share price will inevitably fall. Even if just because dividends could be hurt. As I've said before, his income is directly related to Tesla shares and the share price - the current attempt to increase his shareholding is testament to this.

    Loss of tax revenue to the Chinese government arguably affects the Chinese people much more than the government and the current dictator in chief. Those individuals are completely insulated from any economic difficulties the country may suffer. It's not as though they're likely to be voted out on foot of it.



  • Registered Users, Registered Users 2 Posts: 55 ✭✭Saul Goodman 91


    How silly can one be. Letting a company CEO influence your purchasing decision.

    You do know that a certain Austrian was instrumental in the founding of the VW Group?

    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 70 ✭✭BlueUmbrella


    Many thanks, I appreciate being called silly, as I am sure everyone does 😁😂

    I am just doing due diligence in understanding what is out there to compete - Model Y Juniper may still be the best option, and if so, it will be the option that I go with.

    Yes, I was waiting to see how long before Hitler was mentioned, thanks.

    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 1,508 ✭✭✭September1


    I think that could make this boycott of sorts very successful one. Spreading such narration costs nothing to people who weren't in the market for Tesla car, yet it may be effective in dissuading those who are considering such purchase. I think people who are against recent Musk actions should be reinforcing this "Tesla customer → fascist" association in their social circles.



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


    Its already taking place. The sales figures speak for themselves.

    It would make sense to argue it has had no impact if it was 1 or 2 countries. But it's not.

    They'll say wait till next quarter... we've heard that for 3 straight quarters.

    The fundamentals are all of there. The well is poisoned. You simply do not get to vilify , deride and ignore your target customer and maintain a healthy sales return. They churn out and go to alternates of which there are now many.

    But you'll always have people who ignore reality no matter what the figures say.



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


    What's the endgame there? Get rid of Musk or just middle finger to Tesla?

    Tesla drivers don't get a vote on the CEO, it's up to the shareholders and they don't care one iota whether Elon is revered or reveiled as long as the share price keeps going up

    It's only when the share price is going down significantly that shareholders will take notice. Even still, a lot of institutional investors will regard a drop as temporary and just buy more shares for the same investment

    It'll need to get to the point where he's viewed as absolutely poisonous to the company and the share value

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



  • Moderators, Society & Culture Moderators Posts: 42,186 Mod ✭✭✭✭Gumbo


    New customers (or lack there of) will decide. Existing customers have already parted with their money, so they mean nothing in this regard.



  • Registered Users, Registered Users 2 Posts: 55 ✭✭Saul Goodman 91


    You do realise that Musk is the richest man in the world? You are only depriving yourself by not buying a Tesla. It's not going to affect him in any way.

    Post edited by liamog on


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


    Presuming like the boycott of south African goods by a small number of dunnes workers, is has wider ranging impact of sales of said products.

    I think the end game is fairly clear. Oust him from any positions of power. That's including CEO of companies.

    Fairly cut and dry. If the cars become unsellable as in people attach them consciously or subconsciously to 'bad' then it will and does have an impact.



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


    Entirely untrue.

    Existing customers make choices to buy again or not.

    Same applies to new customers. Perception .

    Note clearly doesn't impact all purchasers never has for any goods. It just has to impact enough.

    Enough to hit sales and renewals.



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  • Registered Users, Registered Users 2 Posts: 1,839 ✭✭✭Deagol


    And last I checked, Hitler no longer as an interest or say in how VW is run.

    OP, I applaud your stance - if everyone had some morals, individuals with none like that guy would have to think twice about their actions.

    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 55 ✭✭Saul Goodman 91


    No, but it was responsible for one of the worst corporate scandals in recent modern automobile history.

    Look at Ford as well. The Pinto explosions and Explorer rollovers killed hundreds and I don't think people boycotted the company for it.

    Post edited by liamog on


  • Moderators, Society & Culture Moderators Posts: 42,186 Mod ✭✭✭✭Gumbo


    If you applied our morals to car purchases nowadays, I think we’d be walking everywhere as you can’t buy a car now that doesn’t have a dodge CEO, dodgy origins or government dictatorship ownership, china etc

    So in other words, it’s your money, spend it on whatever car you like best and to hell what anyone else’s opinion is.

    Post edited by liamog on


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


    I'd definitely agree with the existing customer remark

    Tesla has always commanded excellent brand loyalty, plenty of well off families in the US with 2 or more Teslas

    There also the likes of Bjorn Nyland who's owned a string of them over the years and probably done as much to promote the brand as Musk himself

    Losing that customer loyalty would be a significant blow to the brand

    Other brands also have customer loyalty, but can also advertise so are able to attract new customers without word of mouth sales

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



  • Registered Users, Registered Users 2 Posts: 601 ✭✭✭JohnySwan


    Exactly, I was planning on upgrading to the refresh model or if not, potentially what would come next. Nothing to do with brand loyalty though, I just think for the money, they're are the best EV's out there.

    It's all rather unfortunate, especially for existing customers who should not be vilified, it's just a car and if you dig, you'll find that most brands are problematic in some way, it's just that Musk is all over the media.



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


    Not all over the media...

    Leading a charge into everyone's tax payer information and into social security and government personal data. Bit of a difference than saying mean things on the net and generally commanding media attention. He's a single handed vicious attack into people's work ,social and personal lives. I'm not even sure how this wouldn't or couldn't command a massive boycott. What if he gets his wish and starts more of the same in Germany and the UK. Where does it stop ?

    Impact on the brand?? If one can't draw conclusions in this time at this moment. I just don't know where they are consuming their information from. He's a significant and implicit danger to European stability.



  • Registered Users, Registered Users 2 Posts: 1,289 ✭✭✭spakman


    Fair play OP, I wouldn't go near a Tesla now. Musk is a horrible person and a danger to god knows how many.

    Some tesla fans are of the "see no evil, hear no evil, speak no evil" mindset.

    Post edited by liamog on


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


    Based on the graph below of TSLA share prices vs S&P500, the conclusion is that there's apparently money in being a prick

    Screenshot_2025-02-18-19-42-45-84_3aea4af51f236e4932235fdada7d1643.jpg

    I don't disagree that the man is an arsehole and should be chucked in the looney bin, but there's apparently enough people who believe in him that they're willing to bet on him

    It'll take a lot of pain to shift that sentiment, so any idea of him being ousted in the short term is just wishful thinking

    I think his biggest threat is the MAGA camp he's signed up with. Despite being a Trump supporter, there's pretty deep ideological differences between him and MAGA supporters. On top of that him and Trump are both narcissists who can't bear any slight against them

    At some point there'll be a falling out and the consequences will be pretty severe. Could see Tesla and SpaceX getting appropriated by the US government for example

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



  • Registered Users, Registered Users 2 Posts: 70 ✭✭BlueUmbrella


    Yes, I do have access to the Internet and occasionally even watch the news. Appreciate the advice.

    Post edited by liamog on


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


    Share prices has been nonsense for about 7 years with the company tbh. None of it makes sense zero. Nothing on paper makes sense for the company. If it was a barbers on the main street of any regional town in Ireland the locals would call it a front.

    Artificially inflated fixed investors controlled by some of the most dubious sovereign wealth funds... 👀



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  • Registered Users, Registered Users 2 Posts: 9,727 ✭✭✭CMOTDibbler


    The big jump is from when Trump won the election and Musk's clear involvement there. The interesting thing is the fall since then.



  • Registered Users, Registered Users 2 Posts: 5,471 ✭✭✭MojoMaker


    Don't forget the current extreme growth in Irish pensions is driven largely by tech stocks, and by Tesla and Nvidia in particular. Any downward trend there could be quite negative for ordinary citizens here trying to make the most of a future retirement nest egg, regardless of how one feels about a brand or an individual.

    Most Irish pensions are also not directly manageable by the pension holder, if such a person wished to take a principled stand for example.



  • Registered Users, Registered Users 2 Posts: 4,112 ✭✭✭wassie


    Im surprised they havent made a movie about Carlos Ghosn's great escape - some craic even if he was a shyster.

    Post edited by liamog on


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


    Which sovereign wealth funds would they be? The largest wealth fund with ownership in Tesla is owned by the Norwegian Government, they aren't exactly on my list of dubious investors.



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


    The thing about funds like the S&P Top Tech is that they're supposed to be a somewhat agnostic of any one company

    As long as the market continues to grow then the funds will grow as well. Additionally, most people make monthly contributions which insulates you somewhat from short term drops, when the price is low you just buy more shares

    The big question is whether a drop in Tesla share price would be enough to drag the whole market down

    It could, but I also don't see a general regression to pre internet days, so it would be more of a market correction

    As regards pension funds, many of them include ESG funds, which are supposed to exclude companies that have a negative impact on society. It'll be interesting to see where Tesla and the tech companies in general start to fall on that in the next few years

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



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


    Those damn Norwegians using their petro kroner to invest in clean energy, ev grants and public transportation 😂

    Actually a lot of Musk's current fanbase would probably consider that evil 🤔

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



  • Registered Users, Registered Users 2 Posts: 1,386 ✭✭✭80sDiesel


    It will always be a matter of eternal confusion to me why Elon ,with the Roman salute ,drew so much ire and yet going hand in hand with alleged war criminal Bibi into the US Congress didn't.

    As a former tee shirt wearing ,Cybertruck deposit holder, I will never own a Tesla and will always be cautious of owners of recently bought Tesla's.

    .

    Post edited by 80sDiesel on

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



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


    Ownership is via the likes of Blackrock and the other money fronts.

    Everything that's going on in the US today is a decade in the making including positioning Musk to own his platform to launch negative attacks against established government.

    Huge purchases of tesla stock were made by blackrock and vanguard which are a slush fund for various investors that don't want to make direct investments in the months prior to the twitter acquisition. Why ? Elon leveraged his shares to purchase twitter.

    Its share price doesn't make sense unless it's part of a wider investment in him and his actions. There's been a plan it's only ever been about opportunity.



  • Registered Users, Registered Users 2 Posts: 601 ✭✭✭JohnySwan


    Can you elaborate on "will always be cautious of owners of recently bought Tesla's"?



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  • Registered Users, Registered Users 2 Posts: 5,140 ✭✭✭Comhrá




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