+- MacResource (https://forums.macresource.com)
+-- Forum: My Category (https://forums.macresource.com/forumdisplay.php?fid=1)
+--- Forum: 'Friendly' Political Ranting (https://forums.macresource.com/forumdisplay.php?fid=6)
+--- Thread: Tesla down 30% in the past month (/showthread.php?tid=294808)
Pages:
1
2
Tesla down 30% in the past month - Ombligo - 03-07-2025
Tesla stock is falling as fast as a Starship. The carmaker's stock has fallen 30% in the last month. That is 4x the overall NASDAQ loss in the same time period (-7.75%). The timeframe seems to coincide with Elon Musk joining the Trump cabal in dismantling democracy.
Re: Tesla down 30% in the past month - Carnos Jax - 03-07-2025
Running the wrong way on the football field. That’s what hubris and ego will do to you.
Re: Tesla down 30% in the past month - Carnos Jax - 03-07-2025
Almost 40% if you go back to the inauguration.
Re: Tesla down 30% in the past month - pdq - 03-07-2025
…and honestly, if Elmo left the administration today, Tesla will still be f’ed in Europe markets and among many/most Teslas buyers in the US going forward. People don’t just forget about this level of malevolent behavior.
Maybe red state hicks will buy them.
:RollingEyesSmiley5:
Re: Tesla down 30% in the past month - sekker - 03-07-2025
pdq wrote:
…and honestly, if Elmo left the administration today, Tesla will still be f’ed in Europe markets and among many/most Teslas buyers in the US going forward. People don’t just forget about this level of malevolent behavior.
Maybe red state hicks will buy them.
:RollingEyesSmiley5:
Yes. My Better Half absolutely adores her Tesla. But for the first time, she recently offered that she is just not a fan of 'that owner.'
We took a risk getting that car, our first full EV. If we were in the same situation today, we would NOT make the same jump with a Tesla.
Re: Tesla down 30% in the past month - pdq - 03-07-2025
Tesla, Inc. (TSLA): Jim Cramer Warns – ‘Liberals Aren’t Buying Their Cars!’
Actually, a lot of people aren’t buying their cars, including most of Europe.
On the other hand, you can rarely go wrong betting against Jim Cramer’s advice.
Edit - Stocks go up; stocks go down:
Rarely so quickly as ^ this, though.
But Elmo shouldn't feel too bad. I saw the following on the Yahoo Finance page today - see, you have to click on it (and then, presumably, give them something) to unlock the names of these stocks with "strong buy" analyst recommendations:
They appear to be bargain-priced today...or maybe it's just a sign o' the times?
Re: Tesla down 30% in the past month - kj - 03-07-2025
The only hope for Tesla is if Elon totally disassociates himself from the company. No way he does that.
Re: Tesla down 30% in the past month - Tiangou - 03-07-2025
Note that this drop hit the post-election bump.
If you use the pre-election price as a baseline, the stock hasn't really taken a significant hit.
Wanna make a real statement, the stock needs to drop another hundred points.
Re: Tesla down 30% in the past month - numbered - 03-07-2025
Tesla, Inc. (TSLA): Jim Cramer Warns – ‘Liberals Aren’t Buying Their Cars!’
fwiw, less than 50% of American adults will EVER buy a new vehicle. Socioeconomically, only about 25% consider new vehicles to be a possibility.
Among that group, the more novelty oriented (that is, the most willing to do 'something new') is way overindexed as Democratic. It is not just 'enviromental' as a value. It is willingness to change (the psychographic term is 'open-mindedness'). It is not just 'liberals' in this camp, but it sure leans that way. EVs are a little more accepted now, but at least half of the potential market for new TSLA vehicles is now off the table.
And I saw this morning that TSLA is offering financing deals.
Re: Tesla down 30% in the past month - JoeH - 03-07-2025
True, many may never buy a new car. In fact my preference is for buying a recent model used car. But the same factors keeping people from buying Tesla new are also keeping them from buying one used. That decreases the market value of used Tesla's and further influence buyers of new ones to look for lower prices.