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

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Comments

  • Registered Users, Registered Users 2 Posts: 5,458 ✭✭✭MojoMaker


    Cybertruck not on sale in Europe so I have no idea.

    Their Made-in-China and Made-in-Berlin Model 3s and Ys are bulletproof.

    Their California-built Model S cars are holding up really well and very desirable. Shame they dropped RHD to be honest.



  • Registered Users, Registered Users 2 Posts: 30,962 ✭✭✭✭Wanderer78


    i also admire the work that has occurred at tesla, theyve clearly employed some incredible folks, have radically changed the global car industry, and largely for the better, but musk is now an existential threat to the company, and could lead to its demise, and this could occur very quickly



  • Registered Users, Registered Users 2 Posts: 595 ✭✭✭JohnySwan


    I think you've summed up the feelings of most owners there, dislike him and all he stands for, the cars are great though. Other brands have caught up with and in fact overtaken Tesla now, this has allowed people like me to say " Fook this, I'm out " and move on to another brand.

    While that doesn't directly impact Musk immediately, it impacts long term, as I would've jumped into a new M3 next year or the year after, if it wasn't for the toxicity of the brand and his actions.

    As an aside, anyone targeting owners, calling for owners/their cars/property or employees of Tesla to be targeted need to dealt with. Disgusting behavior from so called liberals.



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


    Tesla white house auto mall

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



  • Registered Users, Registered Users 2 Posts: 11,339 ✭✭✭✭martingriff


    Unfortunately after there ad in front of the white house Tesla, Musk and Trump are now all linked in many minds



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  • Registered Users, Registered Users 2 Posts: 4,001 ✭✭✭sk8board


    the whole issue is that he’s not “just the CEO”

    his wealth is what generates the power he has - and his wealth is directly linked to Tesla’s success - therefore your Tesla purchase is contributing directly to the shareholder value and to his ability to use that wealth to generate influence and power, into the defacto unelected vice president of the most powerful office on the planet. He borrows against Tesla shares for a lot of things, Twitter etc, so a squeeze on the SP is why he had Trump be his sales guy. that wouldn’t have happened if musk wasn’t feeling some pressure.

    We can go further into why Musk has this well known view that pure democracy doesn’t actually work, and countries would be better served being run like a tech company, somewhere between a democracy and autocracy.



  • Registered Users, Registered Users 2 Posts: 3,738 ✭✭✭pah


    Well put, "he's just the CEO" and "what other brands are you avoiding because of the behaviors of the CEO" arguments do my head in.

    This really is unprecedented



  • Registered Users, Registered Users 2 Posts: 4,492 ✭✭✭McGiver


    The biggest issue I take with this appalling violent behaviour of the mob is that where were they for the last decades when the Big Oil (and OPEC) caused death, oil spills, wars, human suffering, pollution, climate change, and other disruption? Why didn't they set the Exxon "gas station" on fire?



  • Registered Users, Registered Users 2 Posts: 1,060 ✭✭✭purifol0


    Thanks to the FIAT currency inflation (particularly the US Dollar and Euro) and the shredding of many safegaurding regulations (repealing glass-steagal act under clinton) the stockmarket is now just a casino. And thus purchasing a Tesla has sod all effect on its actual value.

    To illustrate this point, Tesla stock has dropped 46% from the start of the year - scary right? Well its up on value from this time last year. And if you have a look what happened to its stock price in 2020 - well, you'll see that sales dont correlate to it AT ALL!

    Personally IDC about the stock price, I just want the cars to get a bit cheaper. Which they would have done if the EU hadn't tariffed them last year



  • Registered Users, Registered Users 2 Posts: 4,001 ✭✭✭sk8board


    Tesla cars, and the wider TSLA share price, are two separate things.

    The cars are great, but the value of musks wealth is in his TSLA shares, which is valued as a combination of selling 2 cars, plus the potential future value of many many other current/future projects.

    They need the car sales revenue to do the other stuff - that’s the connection between them.



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  • Registered Users, Registered Users 2 Posts: 1,060 ✭✭✭purifol0


    "musks wealth is in his TSLA shares"

    You have that backwards, Tesla shares are directly affected by Musk. When he backed the right horse in the election the share price rose to unprecedented heights, all while sales fell.



  • Registered Users, Registered Users 2 Posts: 5,656 ✭✭✭yagan




  • Registered Users, Registered Users 2 Posts: 5,458 ✭✭✭MojoMaker


    Irish Tesla buyers* couldn't give two figs about Musk or Trump @sk8board - that's the uncomfortable truth the hand-wringers don't seem to want to accept. perhaps in other countries they care more, just not in this one (bar some outliers). Tesla sales are up here because (a) they are great cars and desirable to potential EV owners, or maybe (b) we Irish are intrinsically selfish and couldn't give a hoot and feel we deserve to own one regardless.

    Maybe indeed, a blend.

    *Tesla buyers and Tesla owners are not necessarily the same thing. Lots of demand out there, and folks going quietly about their business of acquiring a new Tesla.



  • Registered Users, Registered Users 2 Posts: 10,605 ✭✭✭✭Dont be at yourself


    Tesla owner since 2020. Car is grand -- some shoddy build quality, but tech, design and performance are great. Rest of the industry are slowly catching up.

    I'm not a badge snob and didn't buy it to impress the neighbours. However I don't want to be associated with the twat or put money in his pocket, so I debadged the car with some dental floss, cancelled my premium subscription and will tether via my mobile for connectivity.



  • Registered Users, Registered Users 2 Posts: 4,001 ✭✭✭sk8board


    ‘sales are up’ doesn’t really mean anything in an Irish context, it’s an improvement from 400 to 500 cars. Their sales in Ireland are maybe 1% of the market and they are the 21dt largest selling car marque. also, EV sales were awful last year, so it’s not hard for sales to be ‘up’.

    EVs are the future and are a growing market - would Tesla’s Irish sales be up by more if it wasn’t for musk …

    as you said, most people aren’t on online forums complaining, but maybe they’re quietly going about buying something else



  • Registered Users, Registered Users 2 Posts: 24,259 ✭✭✭✭ted1


    he’s far more than the CEO, he is the largest shareholder holder.



  • Registered Users, Registered Users 2 Posts: 24,259 ✭✭✭✭ted1


    Are the sales actually up when compared to the EV market.
    have they gained or lost market share in the EV segment ?



  • Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭eightieschewbaccy


    I'd say that's yet to be seen... I'd imagine we could very much see drops as the year progresses. Heavy tariffs which target major Irish industries such as alcohol and pharmaceuticals aren't going to go down well with consumers. At the moment, Musk is about to be one of the causative factors for a recession and that association won't be lost on people.



  • Registered Users, Registered Users 2 Posts: 10,370 ✭✭✭✭Hurrache


    Well that's certainly a sweeping and untrue statement, not a single Tesla will be on our watchlist in my family when changing soon and it's all because of those two assholes, although Musk alone is more than enough to avoid the brand.



  • Registered Users, Registered Users 2 Posts: 888 ✭✭✭Zurbaran


    Same here. I bought one before the twitter takeover. Its very good other than wipers, noise, driver alert system that I can't turn off and something i should have bothered changing ages ago, the drivers floor mat. No deal breaker other than the owner.

    I won't be buying a new one again. I would consider second hand though.



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  • Registered Users, Registered Users 2 Posts: 5,458 ✭✭✭MojoMaker


    That's fair enough @Hurrache, as long as your principled stand extends to all aspects of Musk's domain, you have the high ground👍️



  • Registered Users, Registered Users 2 Posts: 10,370 ✭✭✭✭Hurrache


    So you're gone from saying Irish people aren't bothered to a bit of whataboutery, that's convenient for you.

    BTW, it's really simple to avoid anything in his domain without even having to think about it.



  • Registered Users, Registered Users 2 Posts: 5,458 ✭✭✭MojoMaker


    Including a vocal anti-Tesla poster on here who needs Twitter for the football results, or the BYD owner who regularly digs at Tesla owners while posting elsewhere about integrating Starlink broadband into his home.

    From this sub-forum alone it's clear Irish buyers represented here, in this little bubble at least, couldn't really care less. Couple of outliers sure, but the buying threads indicate a lot of silent purchasers pressing on regardless 🙆‍♂️



  • Registered Users, Registered Users 2 Posts: 213 ✭✭LastApacheInjun


    I dunno. Maybe we're just a bit slow at catching on here. I think Tesla sales are probably going to down here, probably starting late this year or next.

    I've had two people at work talk about upgrading to an EV car. Both have said they'd like to buy a Tesla because they're such nice looking cars, and are generally reliable. But over the past three months they've decided against it. Crucially - not because some principled stance against Musk (although they always mention that first) but how they think they will be perceived driving it around to their family or friend's houses. Tesla's are expensive, and up until now have been bought as a status symbol. If your brother-in-law says "oh, you bought a Tesla??" and wrinkles his nose, that kind of takes away the good of forking out a significant wad of cash for it. And even worse, what if someone stuck one of those stickers to it. You'd be marked out to everyone until you washed it off. That was actually their reasons when they got down to it.

    Even my brother, who's looking for a second hand EV car has decided against a Tesla because of the "perception". He knows the money isn't going to Elon Musk, but in his words "he doesn't want to be marked out as a pri*k". So new Tesla buyers are going to find that second hand value is going to drop as well.

    It is a pity, because they are lovely looking cars and generally well made.



  • Registered Users, Registered Users 2 Posts: 5,656 ✭✭✭yagan


    It was conscientious consumers who embraced EVs, only logical that that same conscientious would abhor Musks behaviour.



  • Registered Users, Registered Users 2 Posts: 9,365 ✭✭✭Royale with Cheese


    Nobody should be on Twitter anymore regardless of what you think of Musk, he absolutely ruined the platform after buying it.



  • Registered Users, Registered Users 2 Posts: 5,458 ✭✭✭MojoMaker


    Whatever would the neighbours think - such an Irish way of looking at the world.😅

    Tesla M3 is about the cheapest EV in its class though, no longer a stretch or a status symbol - for more than 18 months.

    "Crucially - not because some principled stance against Musk (although they always mention that first) but how they think they will be perceived driving it around to their family or friend's houses".

    I think this is closer to the real truth than our 'principled stand brethren' would admit. Fair play for saying it out loud 👍️



  • Registered Users, Registered Users 2 Posts: 5,656 ✭✭✭yagan




  • Registered Users, Registered Users 2 Posts: 1,060 ✭✭✭purifol0


    The tariffs are on all EVs coming into EU, which means less competition, which means we as customers won't get lower prices.



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  • Registered Users, Registered Users 2 Posts: 29,023 ✭✭✭✭drunkmonkey


    We might get lower priced Teslas, just looking around Europe we’re one of the most expensive country’s to buy one especially if you take out the grant. Just with Teslas own discounts a new m3 awd is 5k cheaper and m3 performance is 10k cheaper in Italy.

    Now the danger is the EU could decide to slap a tariff on Tesla as they’re American owned and wreck their European businesses, I was reading some expert from Germany earlier and he seemed to think Europe has proved we’re willing to not buy Tesla’s.
    Musk isn’t exactly one of their fans nor them of he.

    How would he really annoy them, deep discounts for us. It’s plausible.



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