The ongoing X and Elon Musk Transgressions Thread

[Lanny_McDonald]

Musk is still a hero to some, especially the incel types which seem to call social media home, even here on CP. Treat people like fools and then allow a gross amount of disinformation to flow through your social media platform, which is okay from what a number of posters have stated. Never counter disinformation and just ignore ignorance. If you ignore it, it will magically go away. The freedom convoys, attacks on the capitol, and general #### show happening in Arizona are not directly related to the efficacy of unchallenged disinformation. They all just spontaneously happened on their own. Strategies in communications from the incel set that only continue to contribute to the erosion of what is left of actual rhetorical engagement in society. Long live Musk, amiright?

[Senator Clay Davis]

Well TSLA actually gained some of their losses back to end last week, but a brutal start to 2023, currently down 13%.

[JohnnyB]

Originally Posted by Senator Clay Davis

Well TSLA actually gained some of their losses back to end last week, but a brutal start to 2023, currently down 13%.

It's not great news for the market overall seeing TSLA dump, but I wouldn't be surprised to see a price around $55 before it bottoms this year.

[opendoor]

That explains why Tesla was desperately trying to get cars out the door by December 31st by offering incentives. They delivered 405K vs the 420K that was expected in Q4.

On the other hand, that's over 30% more than they did in Q4 2021 and in 2022 overall they delivered 40% more cars than in 2021. So they're still growing fast, but at a bit slower pace than in most other recent years.

[Fuzz]

Originally Posted by opendoor

That explains why Tesla was desperately trying to get cars out the door by December 31st by offering incentives. They delivered 405K vs the 420K that was expected in Q4.

On the other hand, that's over 30% more than they did in Q4 2021 and in 2022 overall they delivered 40% more cars than in 2021. So they're still growing fast, but at a bit slower pace than in most other recent years.

I suspect this might be the last great quarter of growth, and it slows a lot over the next year.

[opendoor]

Originally Posted by Fuzz

I suspect this might be the last great quarter of growth, and it slows a lot over the next year.

I think that's probably correct. It looks like their order backlog is dwindling and them raising their prices twice in 2022 might have given them to a short-term revenue boost, but was probably a poor long-term move in terms of sales.

[Coach]

I'm just throwing it out there that I think it's a miss not to title this thread:

Twitter Tweetering on Twansaction.

[Street Pharmacist]

Originally Posted by opendoor

That explains why Tesla was desperately trying to get cars out the door by December 31st by offering incentives. They delivered 405K vs the 420K that was expected in Q4.

On the other hand, that's over 30% more than they did in Q4 2021 and in 2022 overall they delivered 40% more cars than in 2021. So they're still growing fast, but at a bit slower pace than in most other recent years.

The bigger worry is the narrative is changing. Tesla is going from 100% supply constrained to demand constrained. With that comes much lower and more narrow future sales expectations. Hard to suggest 8M cats per year when they're hitting some demand sputtering at 1.4M unless they've got a much more models planned. The sub 30k car Elon has been teasing better be a real thing

[Erick Estrada]

Originally Posted by opendoor

I think that's probably correct. It looks like their order backlog is dwindling and them raising their prices twice in 2022 might have given them to a short-term revenue boost, but was probably a poor long-term move in terms of sales.

I would imagine that they will have to eventually drop their prices back closer to pre-pandemic pricing as their vehicles really shot up in cost. The RWD Model 3 is a full $10K USD higher than what was supposed to be a $35k EV at release.

[nfotiu]

Originally Posted by Erick Estrada

I would imagine that they will have to eventually drop their prices back closer to pre-pandemic pricing as their vehicles really shot up in cost. The RWD Model 3 is a full $10K USD higher than what was supposed to be a $35k EV at release.

They need to fix their image more than anything. I would have had Tesla high on my list of cars to look at when we get a new car, but wouldn't even consider it now. That's mostly because of the realization that they are being run by an unstable mad man who doesn't look like he really has a clue what he is doing. Buying an expensive new car (especially Tesla's EVs) requires some faith that the ecosystem is going to stay around, parts will continue to be made, and they'll hold their value somewhat. Musk has brought all of that into doubt, and there is no reason to believe in them as they as they stand now.

That's not even taking into account the distasteful political rabbit hole he has fallen into that is likely to offend a very large segment of potential EV customers.

They need to take some drastic action or they are going to fall into a death spiral.

[JohnnyB]

Originally Posted by nfotiu

They need to fix their image more than anything. I would have had Tesla high on my list of cars to look at when we get a new car, but wouldn't even consider it now. That's mostly because of the realization that they are being run by an unstable mad man who doesn't look like he really has a clue what he is doing. Buying an expensive new car (especially Tesla's EVs) requires some faith that the ecosystem is going to stay around, parts will continue to be made, and they'll hold their value somewhat. Musk has brought all of that into doubt, and there is no reason to believe in them as they as they stand now.

That's not even taking into account the distasteful political rabbit hole he has fallen into that is likely to offend a very large segment of potential EV customers.

They need to take some drastic action or they are going to fall into a death spiral.

I don't think they're close to a death spiral. They're just leading the market down as we go into a recession following a bubble in which growth stocks got pumped to wild valuations and for which they were the poster child. That doesn't mean they're headed for bankruptcy or acquisition. Share price =/= business. I wouldn't be surprised to see Musk turfed as CEO at some point, but they're not likely to die as a company, and they could well be a good buy again coming out the other side of the recession.

[timun]

Originally Posted by Coach

I'm just throwing it out there that I think it's a miss not to title this thread:

Twitter Tweetering on Twansaction.

That's honestly what the thread title looks like at a quick glance, and how I read in my head.

[Locke]

Originally Posted by nfotiu

They need to fix their image more than anything. I would have had Tesla high on my list of cars to look at when we get a new car, but wouldn't even consider it now. That's mostly because of the realization that they are being run by an unstable mad man who doesn't look like he really has a clue what he is doing. Buying an expensive new car (especially Tesla's EVs) requires some faith that the ecosystem is going to stay around, parts will continue to be made, and they'll hold their value somewhat. Musk has brought all of that into doubt, and there is no reason to believe in them as they as they stand now.

That's not even taking into account the distasteful political rabbit hole he has fallen into that is likely to offend a very large segment of potential EV customers.

They need to take some drastic action or they are going to fall into a death spiral.

Yeah, especially because their competitive advantage is rapidly eroding. The majors are catching up and they're going to be able to produce and maintain EVs better and faster and its going to happen real soon.

[nfotiu]

Originally Posted by JohnnyB

I don't think they're close to a death spiral. They're just leading the market down as we go into a recession following a bubble in which growth stocks got pumped to wild valuations and for which they were the poster child. That doesn't mean they're headed for bankruptcy or acquisition. Share price =/= business. I wouldn't be surprised to see Musk turfed as CEO at some point, but they're not likely to die as a company, and they could well be a good buy again coming out the other side of the recession.

All those things are putting downward pressure on their stock for sure. But combine that with their customers and potential customers turning on them, there is not an easy way out. Without customers, you aren't going to have investors betting on their future. Without investors betting on their future, they aren't going to have any attractive new products... and so on.

They have a Musk problem, and who knows what he had to do to finance his Twitter transaction. Is Tesla's plummeting stock and Twitter being run into the ground going to have his financers calling loans or suing him? If he has to drain more of his Tesla stock, that's going to be a problem for Tesla.

Musk seems to be digging in and digging a bigger hole with every move, and it's hard to see a way out of this mess for Musk. Tesla needs to find a way to ditch him if they even can.

[RedHot25]

https://twitter.com/user/status/1610425963870814208

[Locke]

Originally Posted by RedHot25

https://twitter.com/user/status/1610425963870814208

I hope his landlord is Pearl...

NSFW!

Language

[afc wimbledon]

Originally Posted by RedHot25

https://twitter.com/user/status/1610425963870814208

Is it me or is this maybe more important than it seems, how can a 44 billion market cap company not get its crap together to pay the rent? I mean it either tells you the organization is in so much chaos no one knows who's responsible for paying the rent or its broke, either way it's a terrible look for a pair of companies who's stock price is in freefall.

[Mr.Coffee]

why do billionaires never pay their bills? it's pathetic. they should be jailed.

[Yoho]

It’s far from surprising hiccups and crossed wires can occur in a transition from one owner to the next.

If this was the one year anniversary it might be a something burger.

[Locke]

Originally Posted by Mr.Coffee

why do billionaires never pay their bills? it's pathetic. they should be jailed.

Ironic application of the concept of a Debtor's Prison...