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

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  • Registered Users, Registered Users 2 Posts: 22,026 ✭✭✭✭cnocbui




  • Registered Users, Registered Users 2 Posts: 8,009 ✭✭✭yagan


    Sales reportedly down 50% in China.



  • Registered Users, Registered Users 2 Posts: 4,814 ✭✭✭sk8board


    there’s honestly no need to be insulting. The post is in English - it refers to the Tesla share price. Look it up.

    As for the Tesla sales, they are the 21st top selling car brand in Ireland for Jan and Feb - a 30% movement off such small numbers isn’t unusual, it’s just statistics.

    I look at them rationally, you look at them as some sort of dawn of a new age.



  • Moderators, Motoring & Transport Moderators, Regional East Moderators, Paid Member Posts: 6,600 Mod ✭✭✭✭liamog


    I doubt many people would have predicted an increase in Irish EV market share for Tesla in the first two months of this year.



  • Registered Users, Registered Users 2 Posts: 15,934 ✭✭✭✭Red Silurian


    If you are referring to Tesla stock, you're wrong there as well, in February 2021 the share price was hovering about the $200-$250, yesterday it closed at $279.60, which is between 11% and 39% higher depending on what date in February you purchased stock. Ireland sales probably won't be too bad but almost every other European market will likely see sales drop significantly so I would expect the share price to collapse around April when EOQ results are in. Shares are a mugs game anyway

    I look at all EVs as being the dawn of a new age like most people in fairness.



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  • Registered Users, Registered Users 2 Posts: 15,934 ✭✭✭✭Red Silurian


    It happened with the model 3, sales of the older model were quite low in the run up to the highland launch. BMW/Polestar/VW would be much more expensive vehicles. The month of Xpeng's first deliveries will be an interesting one



  • Registered Users, Registered Users 2 Posts: 3,580 ✭✭✭JohnC.


    There's loads of news stories and videos of Cybertrucks, from an owners club, being booed and having stuff thrown at them in a pre-Mardi Gras parade in New Orleans. One of the infamous bulletproof windows was even broken by Mardi Gras beads.



  • Registered Users, Registered Users 2 Posts: 4,423 ✭✭✭Stallingrad


    Tesla fast becoming a pretty toxic brand courtesy of EM. Shareholders must go to bed each night praying for an intervention.



  • Registered Users, Registered Users 2 Posts: 14,372 ✭✭✭✭jimmycrackcorm


    What are you talking about - anyone can google the TEsla share price and see the actual drop in February.
    A month ago the price was $378 - down 28%

    image.png


  • Registered Users, Registered Users 2 Posts: 11,147 ✭✭✭✭MJohnston


    That poster was saying "since February 2021" so to be fair to them, that's not the comparison you're making.

    But to not be fair to them — the topic of this thread is "Is Musk hurting Tesla" and I'm not sure why you'd be making comparisons to 2021 in that case. He only went full nutjob in 2023 or so



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  • Registered Users, Registered Users 2 Posts: 8,009 ✭✭✭yagan


    Polestar taking advantage of discontent Tesla owners.

    https://insideevs.com/news/752184/polestar-3-tesla-lease-deal/

    Last week, Polestar announced a special $5,000 discount for Tesla drivers looking to lease the company's new Polestar 3 crossover. With that deal and another $15,000 of incentives to lessees, Tesla owners could get a $20,000 lease discount to become ex-Tesla owners. 

    On Friday, the brand's U.S. head of sales said in a LinkedIn post: "This week saw some of the highest order days for Polestar 3, and the response to our Tesla Conquest Offer has been incredible."



  • Registered Users, Registered Users 2 Posts: 4,814 ✭✭✭sk8board


    totally agree - I’m simply saying that the numbers are bordering on a statistical anomaly. It’s 400 M3’s and 120 Y’s, roughly, or to express it in marketshare it was 0.8% last year and 1.1% this year.

    changes in Tesla’s deliveries changes the growth or decline numbers disproportionately.

    The Feb Tesla numbers for China are particularly interesting in that they are built locally and don’t have delivery restrictions, while the overall market is booming it seems



  • Registered Users, Registered Users 2 Posts: 15,934 ✭✭✭✭Red Silurian


    I'll repeat your original comment below

    interesting aside - if you bought TSLA in Feb 2021, you’re currently down. It’s really been quite a rollercoaster.

    When you specified "Feb 2021" I presume you meant the month of February in the year 2021. Silly me

    I don't see that offer available here. Polestar 3 starts at €94.5k so a different market to Tesla I'd argue. Best not talk about the owner of Polestar either if you want people to change to your brand due to Musk

    I wonder are owners of other car companies praying that their CEOs don't go full nutjob, or would they even care



  • Registered Users, Registered Users 2 Posts: 11,147 ✭✭✭✭MJohnston


    Both can be right — TSLA price in February 2021 ranged from $292.34 to $233.33, and is currently trading around $272.04



  • Registered Users, Registered Users 2 Posts: 8,009 ✭✭✭yagan


    Tesla isn't an Ireland only car.

    I'm going to put you on ignore for a while as I feel you're being pointlessly defensive about something that's beyond our control.



  • Registered Users, Registered Users 2 Posts: 15,934 ✭✭✭✭Red Silurian


    I'm just giving the facts as it relates to Ireland. But also it's important to note that any given CEO can go nuts like he is

    If you want my opinion I'd say the EOQ sales figures will crash and Tesla share price will drop in April as a result. Usually there's an annual shareholder meeting in June, this is an opportunity for the shareholders to fire him as CEO and de-toxify the brand. Will they take the opportunity? 50/50! Should they take it? Yes!



  • Registered Users, Registered Users 2 Posts: 4,814 ✭✭✭sk8board




  • Registered Users, Registered Users 2 Posts: 680 ✭✭✭DrPsychia


    Tesla’s sales fall 76% in Germany amid Musk’s electioneering

    It'll be interesting to see the markets reaction when it opens.



  • Registered Users, Registered Users 2 Posts: 680 ✭✭✭DrPsychia


    I hope I'm wrong, but I doubt the likes of Vanguard or Blackrock would want to endure unrelenting investigations and audits from the IRS, given Musks grip on the Oval Office.

    It's true that any CEO can become unhinged like Musk, however I can't think of a CEO of a car manufacturing company or multinational that it has happened to, and if it did, I have no doubt the respective board of directors or shareholders would act swiftly and decisively.

    The Tesla board is stacked with Musk's close associates. Vanguard and Blackrock along with a decent chunk of retail investors could vote to replace the current board with a hostile board who could get rid of Musk but it's a moonshot. I doubt Blackrock's Larry Fink, or the Vanguard CEO wants to be in the US presidents crosshairs. As far as I'm concerned, they're all psychopaths, and each of them is extremely dangerous in their own right.



  • Registered Users, Registered Users 2 Posts: 4,814 ✭✭✭sk8board


    bear in mind that the nature of ETF-like products means that everyone with a generic investment fund will own some TSLA in their portfolio, I know I certainly do.

    In other words, vanguard, blackrock etc don’t own Tesla out of some astute investment research necessarily - they own it because they have to.



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  • Registered Users, Registered Users 2 Posts: 8,009 ✭✭✭yagan


    February figures in for Germany.

    Just 1,429 of the US group's electric vehicles were registered in Europe's biggest auto market in February, down over 76 percent year-on-year, the KBA federal transport authority said.

    In February, a total of around 36,000 battery-powered vehicles were registered in Germany, around 31 percent more than in the same month last year.

    https://www.barrons.com/news/tesla-sales-in-germany-fall-76-in-february-9fb92a0d



  • Moderators, Motoring & Transport Moderators, Regional East Moderators, Paid Member Posts: 6,600 Mod ✭✭✭✭liamog


    There's a spread of products, if it's an Index ETF then it has to contains some Tesla stocks, if it's an actively managed ETF the portfolio manager can decide to pull a given stock from the fund. The likes of Vanguard and Blackrock offer multiple different products they may see pressure on their active funds to withdraw and not one to take a large hit on their indexed funds which will give them reasons to pressure the Tesla board.



  • Registered Users, Registered Users 2 Posts: 28,520 ✭✭✭✭drunkmonkey


    Apologize for what exactly? From chatting to the reps there's no shortage of orders on the books and there only growing.

    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 455 ✭✭Soc_Alt


    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 28,520 ✭✭✭✭drunkmonkey


    have you tried ordering one, I have. Loads of Y’s sold, was a que when I was in the showroom. Not sure about the 3 but I was advised a month or two today when enquiring.
    I wouldn’t get too concerned about what it appears Germany or France are doing from news reports as it’s probably not what’s happening.

    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 9,830 ✭✭✭CMOTDibbler


    So you're saying that the sales figures from Germany are made up?

    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 28,520 ✭✭✭✭drunkmonkey


    No I believe them to be correct, context is missing though, there’s a model changeover for their most popular car, if you put a deposit down today in Germany for a Y you can possibly have one in June.
    That’s not a collapse in sales it’s a backlog in production from so many orders.
    The news want you to believe it’s because of an everyone hates Elon mentality, that’s simple not true. It’s propaganda.

    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 1,127 ✭✭✭JOL1


    100%. context is important to factor in. Model Y has been the world's best selling car and with a well announced refresh, it is not surprising that peoeple will hold off ordering. With the new Model Y now announced changing over the production lines (4 worldide plants) from the old to the new will have an impact on production. I do believe that there will be some negative impact as a result of Elon but context is important before concluding anything

    Post edited by liamog on


  • Registered Users, Registered Users 2 Posts: 8,147 ✭✭✭MojoMaker


    Also, the average Irish citizen couldn't care less what Musk or Trump do or don't do, and have no interest in virtue signalling by boycotting a brand.

    Post edited by liamog on


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  • Registered Users, Registered Users 2 Posts: 15,934 ✭✭✭✭Red Silurian


    Tesla stock the last month, still very high but falling I think would be the best way to describe it

    image.png

    For comparison Ford and VW, both much lower but also more stable

    image.png image.png


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