Hmm...Truth Social AND Tesla?

[momta]

Both companies' stocks are plunging. It's almost as if people don't like investing in companies run by raging lunatic assholes.

[Tommy Carcetti]

1. At least Tesla has the potential to provide a serviceable product.

Which is sadly undermined by the fact that a douche canoe bought the company out and tied its legacy to his own.

Truth Social, on the other hand, is just Good Value Twitter with only one single prominent poster.

[Arthur_Frain]

2. A large part of Tesla's woes right now have to do with the cyber truck.

You can only spin so much in this world where everyone has a camera in their pocket. That launch will go down as one of the shittiest in history, and the final product is just a raging dumpster fire.

I haven’t seen one video of a happy cyber truck buyer.

Pretty sure the truth social thing is designed to do this, it’s just a money laundering machine for Saudi and Russian interests, they’ll prop it up long enough to ensure tfg is thoroughly owned should the unimaginable actually happen.

[tinrobot]

5. It's not just the Cybertruck, sales are slowing for all of their models

One big reason those sales have slowed is because of Elon's reputation:

Would-be Tesla buyers snub company as Musk's reputation dips
https://www.reuters.com/business/autos-transportation/would-be-tesla-buyers-snub-company-musks-reputation-dips-2024-04-01/

Add in that Tesla is opening it's Supercharger network to all vehicles and there's not many reasons left to buy a Tesla over the competition.

When normal looking EV trucks from Ford, GM, or Rivian can also charge anywhere, why buy a Cybertruck?

[Initech]

7. I've seen a couple of Cybertrucks on the road.

Without a doubt, one of the stupidest looking cars I've ever seen.

[FHRRK]

14. Kind of crazy

They don’t look bad ass so it isn’t like you are going to pull over some of the Dodge Ram crowd.

It just gives off a strange vibe. All I look for is spots on the steel when I see one.

Some guy in my neighborhood runs his pool cleaning business out of one, no signage/decals to promote his business, just strange to sink that kind of money into a truck and not use it to advertise your business.

[Quanto Magnus]

16. I compare it to

drawing of cars and trucks I did when I was in elementary school.

[William Seger]

21. Yours were probably nicer, unless you did all your drawing with a ruler

[Arthur_Frain]

32. This was my first impression.

Who knew I was Shelby in first grade?

[William Seger]

19. If you think they're ugly now, wait until you see them in a year or two

... stained and rusted.

[Wonder Why]

23. It's so ugly, that if it fell into a sinkhole, you could pump ugly for a week!

[Martin68]

10. I had planned to buy a Tesla for my next car, but I've changed my mind. Musk is way too erratic to trust.

[Initech]

17. Thankfully there's plenty of alternatives now!

Honda, Cadillac, Chevrolet, Kia, Hyundai, Subaru, Toyota, Volvo, just to name a few! I'm personally looking at the Hyundai Ioniq for my next car, but I'll probably go with the Accord Hybrid.

[paleotn]

20. The other driver in Tesla's downfall

The big guys with their uber deep pockets are fully in the EV marketplace

[mockmonkey]

29. Battery replacement

Hyundai Ioniq. If you should happen to run over some large road debris and damage the battery/shield a new battery is alleged to be $60,000 (Canadian dollars) to replace it. Insurance writes it off. Other brands also have really high replacement costs.

?si=lvV_xQSEXy7bY_UX

[brush]

30. Is "truth social" just another pump and dump operation?

Some made quick and dirty profit on the first offering?

[Arthur_Frain]

33. I think that's what it was always set up to be.

Like the student loans were basically legalized usury, we are now watching real time money laundering here in late stage capitalism.

[RussBLib]

3. Added

It's almost as if people don't like investing in companies run by raging lunatic assholes WHO LOVES NAZI'S.

https://russblib.blogspot.com/?m=1

[Blue Owl]

4. Shackle 'em together and let 'em both sink into oblivion

[AKwannabe]

6. Recd kicked to

Concur

[usonian]

8. Tesla sales are slumping (down 8.5 percent?) and the piggy bank to shore up twitler is shrinking.

General decline in electrics (novelty effect is down, people seem to prefer hybrids).
Quality issues (or the lack thereof) are coming to the forefront. Expect more as the cars age.

and yes, bonehead management.
Alienate (vilify) half the available market when trying to create an "everything app" like WeChat with access to your money accounts.

fElon would like to make us all batteries, as in The Matrix, but perhaps that's how his cars will end up.
Batteries for solar systems when the cars just fall apart.
more

[IronLionZion]

9. They are both super geniuses

the rest of us are just not clever enough for them.

[Martin68]

11. They are both clearly sociopathic.

[Warpy]

12. Musk would do well to be working on the next generation of batteries

because the lithium ion batteries are too subject to damage and catch on fire when they get damaged. Since Teslas don't have battery ejection features, the whole car gets toasted when one battery fails.

The stock has consistently outperformed predicions, so this might be some long delayed profit taking. Investors are a thick skinned lot, so I don't think this is a vote of no confidence in Musk.

It might be a combination of these two things. I know Tesla owners love their cars when they're not on fire, so that's not the problem.

[tinrobot]

22. There are already safer batteries being made.

Tesla and few manufacturers are switching cars over to LFP batteries. That's lithium with cheap iron rather than pricier metals like manganese and cobalt.

They're cheaper to make and a little bit heavier, but a LOT safer. Very little fire risk. Plus they're so robust they'll outlast the car.

[kimbutgar]

13. Just yesterday I heard someone else tell me they'd never buy a Tesla because of the muskrat

I brought a hybrid last November and a friend asked me why I didn’t get a Tesla? I told her about muskrat and how my neighbors electric bill after buying one went from $150 a month to $700. The infrastructure is just not completely in place yet to sustain electric vehicles.

[Gore1FL]

15. NASDAQ:DJT is up about 5% today as I type this. nt

[KPN]

25. My guess: Someone is or someones are trying to buoy it up.

Putin, MBS, RW billionaires?

[Baitball Blogger]

18. Welp. It looks like we don't have to wait for the election to see how people think about the Trump-MAGA brand.

[Renew Deal]

24. It's all about money

They knew about the lunatic thing when they bought in.

[RandySF]

26. DJT is up nearly 7% from yesterday.

[lapfog_1]

27. Tesla's sales are slumping because China EV makers are cutting prices.

In a classic repeat of Beta Max v. VHS.

VHS won. Beta was better but more expensive.

Plus the early adopters of EV already HAVE EVs. The rest of us can't afford then at Tesla prices. So we wait on getting a cheaper alternative and a build out of the needed infrastructure to support them. Plus there are too many stories of the damn things catching fire.

[lapfog_1]

28. Tesla is the Beta Max of VCRs

In a classic repeat of Beta Max v. VHS.

VHS won. Beta was better but more expensive.

Plus the early adopters of EV already HAVE EVs. The rest of us can't afford them at Tesla prices. So we wait on getting a cheaper alternative and a build out of the needed infrastructure to support them. Plus there are too many stories of the damn things catching fire.

[rickford66]

31. The trucks will end up in Batman movies

[former9thward]

34. And thousands of other stocks.

Did you notice the market has lost nearly 1000 points in the last two days?

[Joinfortmill]

35. Both companies suck