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

eightieschewbaccy · 14-03-2025 12:36PM

«snip»

liamog · 14-03-2025 01:14PM

https://www.boards.ie/discussion/comment/123263577#Comment_123263577

I don't now how effective an EU tariff could be on US made Tesla's as there aren't many that are imported. Model Y and 3 production from Berlin would be immune.

I suppose in theory we could increase the tariff for Tesla made vehicles coming from China which would again have very limited impact as it would only apply to RHD Model 3s

drunkmonkey · 14-03-2025 01:26PM

https://www.boards.ie/discussion/comment/123263752#Comment_123263752

The way I took it was American owned, you’re correct they couldn’t go near the Berlin ones,

Are all the European Model 3s made in China? Didn’t realise that.

liamog · 14-03-2025 01:27PM

I think LHD Model 3s are made in Berlin. It's just the RHD ones that are imported from China.
I could well be wrong.

drunkmonkey · 14-03-2025 02:17PM

that makes sense. Can’t see tariffs happening then.

Larbre34 · 14-03-2025 02:30PM

«snip»

ted1 · 14-03-2025 03:14PM

https://www.boards.ie/discussion/comment/123263965#Comment_123263965

what a prick. He effectively holds the most senior position of the current administration.

Time for the EU to apply sanctions to Tesla and musk and ban X. It’s a terrorist propaganda machine

yagan · 14-03-2025 03:23PM

https://www.boards.ie/discussion/comment/123264136#Comment_123264136

Judging by Trump's first term he's as likely to be kicked to the kerb by Trump when he gets bored of Elon, or his grassroots maga loons want him gone.

liamog · 14-03-2025 03:35PM

https://www.boards.ie/discussion/comment/123264136#Comment_123264136

It's near impossible to target Tesla with tariffs due to their EU manufacturing.

Larbre34 · 14-03-2025 03:52PM

https://www.boards.ie/discussion/comment/123264220#Comment_123264220

One factory in left in Germany with 1,110 jobs, which would be far better off building tanks and missiles.

The big armourers all over Europe are crying out for capacity, not least in Germany itself where artillery and vehicle makera Rheinmetall are going to lease millions of square feet of mothballed Volkswagen plant.

The EU should skewer Tesla, without the marinade.

liamog · 14-03-2025 04:33PM

https://www.boards.ie/discussion/comment/123264278#Comment_123264278

I can't see it happening any time soon, the EU is responsible for tariffs and can move pretty quickly. Sanctions go through a different route, they first have to be proposed by the High Representative or a Member state, agreed by the CFSP Council and then adopted by a unanimous vote of the EU council.

Effectively that means any sanction targeted at Elon Musk to force him to divest his ownership in Tesla or cease operations in the EU can be vetoed by a single member state. Outside of the usual defenders of the oligarchs you'd probably also have a few member states that think sanctioning an individual without an illegal activity is too far.

drunkmonkey · 14-03-2025 05:22PM

https://www.boards.ie/discussion/comment/123264278#Comment_123264278

Isn’t that where they make the Convertibles, you’d think they’d need it with all hottest years on records been recorded.

yagan · 14-03-2025 05:25PM

What many here don't seem to get is that Trump's tariffs are mostly been felt by US denziens, and not the rest of the world which will continue trading with eachother. If Trump's tariffs put off US importers from buying Jameson there are still massive markets of rising consumer spending happening all around the world.

McGiver · 14-03-2025 07:03PM

Retired astronaut and veteran Captain Kelly says:
"I don't want to be driving a car built and designed by an asshole".

https://bsky.app/profile/captmarkkelly.bsky.social/post/3lkdxik5aw22e

sk8board · 14-03-2025 10:08PM

https://www.theguardian.com/technology/2025/mar/14/tesla-trump-trade-war-harm-car-companies-elon-musk-tariffs

this must be what tesla has to do these days to communicate with its CEO :)

edit: one more from the same paper today:

”Trump has met a force he cannot control: people’s ability to parade their anger and distaste through consumer choice”

https://www.theguardian.com/commentisfree/2025/mar/14/trump-musk-white-house-tesla-boycott

embraer170 · 14-03-2025 10:11PM

This is the latest from Musk, retweeting a post saying that Hitler didn’t murder millions of people, public sector employees did.

https://eu.usatoday.com/story/news/politics/2025/03/14/elon-musk-hitler-federal-workers/82402023007/

Hurrache · 14-03-2025 10:55PM

Senator, combat pilot and astronaut knows where it's at...

Arizona Senator Mark Kelly, a former Space Shuttle commander who used to work with Elon Musk’s SpaceX, has ditched his black Tesla Model S after publicly feuding with the world’s richest person in recent weeks.

“When I bought this thing, I didn’t think it was going to become a political issue. Every time I get in this car in the last 60 days or so, it reminds me of just how much damage Elon Musk and Donald Trump is doing to our country.

What matters is doing the right thing. I don't wanna drive a car built and designed by an asshole.

I bought a Tesla because it was fast like a rocket ship. But now every time I drive it, I feel like a rolling billboard for a man dismantling our government and hurting people

https://www.bloomberg.com/news/articles/2025-03-14/after-elon-musk-calls-him-a-traitor-senator-mark-kelly-ditches-tesla

Megastreisand · 15-03-2025 09:16AM

https://electrek.co/2025/03/14/tesla-is-done-in-germany-94-say-they-wont-buy-a-tesla-car/

This showed up in my Google feed this morning. It's pretty difficult to get 94% of any sample to agree on anything but Elon seems to have achieved it in Germany at any rate.

I rent cars 6-8 times a year and usually go for evs as they tend to be much better value but I absolutely wouldn't even consider renting a Tesla now even though they're great cars- apart from the rain sensing wipers.

drunkmonkey · 15-03-2025 10:16AM

https://www.boards.ie/discussion/comment/123265255#Comment_123265255

Didn’t we hear from a poster the other day that Musk isn’t rescuing astronauts in space, his employees are. Same logic.

sk8board · 15-03-2025 10:47AM

people should be careful to think that ‘Tesla is dead’ and language like that.

Investors are capitalists, and there will be a point where the principles/views of the main shareholder affect the company to the point they have to act. As I keep saying, fiduciary duty is a real law, even if it’s being wholly ignored at Tesla :)

Who knows, in the distant future Tesla might be broken up into cars, solar, energy and AI/projects, or his stake sold to someone else for a big premium to make it look like a win for him, or the cars portion being spun out to someone else, and the world just keeps turning.

For sure Tesla isn’t going anywhere, nor should it, it’s a great business.

Have the solar sales been affected in the same way as the cars?

drunkmonkey · 15-03-2025 11:14AM

Don’t forget Optimus, forecasting up to 100,000 next year and 1 million the year after and upwards from there.
Have to hand it to him, Grok is one of the most useful things I’ve used, giving Ara a body will be mind blowing. She’s hasn’t been updated in a while so struggles a little with the concept but she’s already offered to cook me dinner and do some cleaning once we get her some limbs. The other half is on notice.😁

sk8board · 15-03-2025 11:54AM

cybertruck is on a full stop sell apparently, due to the glue failing.

https://electrek.co/2025/03/13/tesla-cybertruck-deliveries-are-on-hold-as-trims-are-flying-off-the-bulletproof-truck/

Dohnjoe · 15-03-2025 12:50PM

https://www.boards.ie/discussion/comment/123266245#Comment_123266245

That reminds me, let's ask Grok if Musk is hurting Tesla:

"Tesla’s global vehicle deliveries dropped 1% in 2024, from 1.81 million to 1.79 million, marking its first annual decline in over a decade. This dip coincided with Musk’s high-profile political involvement, including his support for Donald Trump and far-right movements in Europe, like Germany’s AfD party. In key markets, sales declines have been stark: a 59% drop in Germany and 63% in France in January 2025, alongside a 33% plunge in Australia for the same month compared to January 2024. Surveys and anecdotes tie some of this to Musk’s behavior—Brand Finance reported Tesla’s brand value fell 26% in a year, from $58.3 billion to $43 billion, partly attributing it to his “toxic politics.” In the UK, Electrifying.com found 59% of EV buyers were deterred by Musk, while in the US, Morning Consult noted a rise from 27% to 32% of buyers unwilling to consider Tesla between 2024 and 2025, linked to his political stances."

"Conclusion

Yes, Elon Musk is hurting Tesla as of March 15, 2025. The evidence of declining sales, stock value, and brand reputation outweighs the speculative benefits of his current influence, marking a shift from his earlier role as Tesla’s primary asset to a growing liability."

liamog · 15-03-2025 01:32PM

Mod Note: This thread is limited to discussing how he's impacting the automotive brand Tesla in the EV forum, not a place to discuss his latest tweets or the future of the X platform.

Whilst his public comments are a reason for an impact on Tesla, that does not make this the place to discuss the detail of them, do that in the CA thread.

eightieschewbaccy · 15-03-2025 09:29PM

JP Morgan pointing to the collapse of Tesla to be history making for any auto maker. The decline in sales are not viewed to be because of the new Model Y.

https://finance.yahoo.com/news/tesla-fall-grace-may-no-180054813.html

drunkmonkey · 15-03-2025 11:52PM

https://www.boards.ie/discussion/comment/123268147#Comment_123268147

JP is doubling down, some guys should just quit when they’re $2 billion in the hole.
Tesla looks fair value even cheap right now.

eightieschewbaccy · 16-03-2025 09:16AM

https://www.boards.ie/discussion/comment/123268577#Comment_123268577

They've been considered grossly overvalued for years and amount to a meme stock. Sales are still going down and I'm not sure how you're gonna explain that away when it continues to happen throughout the year.