Tesla stock suffers even further collapse.

'Owning the libs' is going soooo well. Not only has Musk's actions cost him value on Twitter, its now cost him many times the total value of Twitter because the reputational damage has been so contagious that his day job has been crippled by the side-hustle. The reason why Musk was the richest man in the world was because of the value of Tesla stock. That value was predicated on future earnings based on markets betting that Tesla was set to become the market leader in electronic cars. This bet was based on the reputation of Musk as a genius innovator CEO. Not only is he distracted from the day job, but people have come to the painful realisatiobthat Musk's genius is well below his prior aptitude for self-promotion. The emperor has no clothes. 😂

This page is a permanent link to the reply below and its nested replies. See all post replies »

supersnipe · 61-69, M

Have you seen what the 'Which?' people think of Tesla? Where they end up in the reliability charts? It didn't matter quite so much before everyone else was getting into EVs....

Burnley123 · 41-45, M

@supersnipe No. Please explan.

supersnipe · 61-69, M

@Burnley123 they come out near the bottom. One of the problems is that there are things on Teslas which don't really need to be there and which go wrong. That holds true for a lot of modern cars which rely on computing, the door handles and things like that playing up. Teslas seem to be badly affected by electronic glitches.

Ynotisay · M

@supersnipe You're right. Other companies are producing better, smarter and less expensive options. My partner's son regrets his decision to buy a Tesla. Like a lot of people I think he was rightly enamored with newer technologies but the long term hasn't turned out to be positive for him. There's also a really strong proprietary nature that is limiting. I'm not seeing a really solid future for Tesla. Big long term future for EV's in general is strong though. The writing is on the wall.

Burnley123 · 41-45, M

@Ynotisay @supersnipe I think a huge problem for Musk is that the prediction that Tesla would be a market leader in the next big thing was staggeringly overwrought. Other car companies are investing in electric cars, AI and all the other mod-cons. Of course, they are and they have money and good engineers. The Tesla myth was based on the idea of Musk and Steve Jobs of this new wave He isn't and Tesla is just one player in a competitive market. Musk does have more engineering smarts than other CEOs but that only gets you so far, especially when you have been exposed as a man-child troll who fucks up your other pet project based on sheer vanity.

LordShadowfire · 46-50, M

@Burnley123 @Ynotisay What I find interesting are the fires. When a Tesla catches fire, as they do sometimes when sitting there in your garage, it may not be possible to put it out, or it may catch fire again later. Elon has done his best to hush that up.