Tesla Investors Voice Concern Over Elon Musk's Focus on Twitter

[Temeret]

Source: Wall Street Journal

The chorus of Tesla Inc. individual investors expressing misgivings that Chief Executive Elon Musk ‘s involvement with Twitter Inc. may be to the detriment of the electric-vehicle maker is getting louder, with the car company’s stock on track for its worst full-year performance.

“There is no TSLA CEO today,” Gary Black, managing partner of the Future Fund LLC, which owns roughly $50 million worth of Tesla, tweeted Monday.

Mr. Black voiced frustration after another sharp selloff in Tesla’s stock Monday. Shares in the world’s largest car company by market value fell more than 6% in Monday trading after a tumultuous weekend for Mr. Musk on Twitter, including the billionaire taking aim at the company’s former head of trust and safety; calling for the prosecution of top U.S. government medical adviser Anthony Fauci ; and criticizing people who offer their pronouns without being asked.

Mr. Black said, “The market voted today that the $TSLA brand has been negatively impacted by the Twitter drama. Where before EV buyers were proud to drive their Teslas to their friends or show off Teslas in their driveways, now the Twitter controversy is hurting Tesla’s brand equity.”

Read more: https://www.wsj.com/articles/tesla-investors-voice-concern-over-elon-musks-focus-on-twitter-11670948786

[dem4decades]

1. Fuck them, and the Tesla they rode in on. I hope Tesla and Twitter are worthless tomorrow.

[area51]

2. Who knew it could be so detrimental to the company

to have a man-child as CEO.

[VMA131Marine]

3. Tesla needs to oust Musk before it's too late

I wouldn’t even consider buying a Tesla at this point. Once the brand identity is gone it will take forever to get back, if it’s even possible.

[dalton99a]

4. Kick

https://archive.vn/XQlCB

[Submariner]

5. On our TVs in the 70s/80s

We watched the racist white minority apartheid government use the PW Botha method of freedom of speech, which was, we are the white ruling class and you are Black, so STFU or we will harass, beat and kill you, which they did DAILY FOR DECADES.

Elon’s racist parents brought him up in that caldron of hell, only to leave in 86/87 when it was apparent they were going to have to let Mandela go free, and revenge was in the offing, which coincided with our pro-apartheid Iran-Contra crooked president’s sleazy exit from office.

So consider his upbringing looking down his nose during his formative school years at EVERYONE not a privileged brat like himself, and that is how he sees us today imo.

[Roy Rolling]

6. Tesla stock

[progressoid]

9. Yikes.

[Yavin4]

13. Going out on a limb here

That's not a good chart.

[Enter stage left]

7. As of today, I'd invest in Yugo before I'd invest in Tesla. NT

[BOSSHOG]

8. Looking at the Mkt, I'd suggest Elon buy the Republican Party

Why should “Twitter drama” only apply to Tesla? Cmon Elon, man up.

[Ford_Prefect]

10. While Eloon's excesses have greatly accelerated the decline in Tesla stock value, revelations

regarding product build quality and long term reliability have also harmed Tesla's image as the new magic vehicle.

Musk's weirdly pathetic dream of perfecting Twitter hasn't helped either in terms of his focus on tweets rather than Tesla product development and quality control.

[SunSeeker]

11. Fuck Tesla. I'm really happy with my union made Ford Escape PHEV.

I drive in full EV mode around town, it's got a 37 mile EV range. When I want to hit the highway, I can go anywhere I want with my efficient hybrid engine, no range anxiety or looking for charging stations and waiting hours to charge.

On one recent trip from LA to SF, I stopped to get gas on the 5 Freeway in the Central Valley and next to the gas station was a Tesla charging station with 6 chargers. All 6 chargers had Teslas sitting there charging, and one guy was sitting there in his Tesla behind them waiting for one of the chargers to open up. I filled up in 5 minutes and was out there. None of the 7 Teslas had moved.

Between my electric driving and my hybrid engine driving, I average over 73 mpg. As a PHEV, the CA DMV gives me stickers that allow me to go in the carpool lanes without passengers. And I bought my brand new Escape in October of 2021 for around $30k right off the Ford lot, after deducting all the state and federal tax incentives. And my Escape SUV is spacious and normal looking, unlike that pregnant frog of a Model Y SUV that Elon sells for $66k.

And I have actual radio knobs, and ac knobs, I don't have to scroll through 5 screens on that stupid giant Tesla dash iPad just to turn down the fan.

[NNadir]

19. After considerable research on the subject, I have come to the conclusion that PHEVs are...

...the least noxious form of the automobile there is. No automobile is "clean," but PHEVs are the best option for people who must live in the car CULTure.

They require less cobalt than electric cars, slightly more than hybrids, and they have a large capacity for recovering waste energy. This is the key, recovering energy that is otherwise waste.

The drawback is that they require a lot of elements in the periodic table to build.

The cleanest possible vehicle is not commercially available, a diesel engine powered by the wonder fuel DME.

This said, no type of car is available that is sustainable.

I am waiting to receive a hybrid myself I have on order, rated at 51 MPG.

[littlemissmartypants]

12. The company logo looks like a onesie. Perfect for the man baby owner.

[SCantiGOP]

14. What's the worst PR nightmare possible?

That people are not proud to be known as a user of the brand. That is what he has done in a very short time.

[PSPS]

15. Does musk's presence really do anything that would improve tesla sales?

I realize that tesla buyers are mainly musk fan boyz and ostentatious status seekers so it would seem that all that musk contributes is being the supposed "brilliant" face of the company (i.e., personal appearances, etc.,) even though he merely bought into the company and had nothing at all to do with its development.

That would mean that musk's only value to the company is his public persona which has now been pretty well tarnished. In other words, I think he's a drag on the tesla brand now.

[flvegan]

16. Car and Driver EV of the year: Hyundai Ioniq5 Motor Trend SUV of the year, same.

No Tesla seemed to even be in the running on either. I'm not cheerleading the Ioniq5, even though I think it's brilliant (and it's sibling Kia EV6GT...have mercy) but something to think about Elon.

[SunSeeker]

23. Yup. And the 2023 Hyundai Ioniq 5 SUV starts at $41,450.

That is over $20k cheaper than Tesla's version of an SUV, the Model Y.

[quakerboy]

17. Tesla freed of musk

could really be something.

[SunSeeker]

24. Truth. Tesla was something before Musk bought it.

Musk didn't invent Tesla, he just capitalized on it.

[wolfie001]

18. I can't imagine anyone...

....with half a brain buying a Tesla and linking yourself to that born into Apartheid-privilege asshole. He wasn't the founder of Tesla; he bought the company. His daddy owned an emerald mine in Zambia. Shitty person from a shitty family.

[Danascot]

20. He's either mentally ill

or has major self-destructive impulses. He shouldn't be in charge of anything.

[Prairie_Seagull]

21. Direct action on the part of democrats appears to be working.

I will never buy a tesla now and I am beginning to look around. Fuck him and his acolytes. All these fuckers understand is the bottom line. Keep hitting maybe even kicking him in the wallet.

Fuck you, you fuckers. (quoting a friend)

[Prairie_Seagull]

22. By the way, I try to never say fuck before 9am.