What Musks nutso shenanigans are costing Tesla owners in one graph:

[Carnos Jax]

ztirffritz wrote:
He tried to re-negotiate the deal once he realized the scope of the fustercluck at Twitter. He could have fought it, but I think he decided it would take too long and drag too many people through the mud.

[quote=Carnos Jax]
[quote=ztirffritz]
I don't think so. It's only a mistake until everyone goes..."why didn't I think of that?"

The secret to financial success is to see the road to success while it's still a dirt path, not an 8-lane highway.

[quote=hal]
He may be smarter than you and me, but he has also made the most expensive mistake in recorded history.

Ztirfrittze, if it wasn’t a mistake, why did he try to back out of the deal? As a fellow Tesla investor, who hasn’t sold yet, I’d be curious as to your answer.
That’s an interesting take. It seemed very obvious to me that he realized it was all a mistake and wanted out. His excuse seemed very lame, I found it very hard to reconcile.

[Carnos Jax]

.

[Filliam H. Muffman]

Many of the companies he is involved with do better when he isn't paying attention to them.

[hal]

I think Musk took a very simpleton view of twitter. He figured that stock prices keep going up, he could just make an offer above market high enough that it couldn't be refused, but not so high that stock trends would make up the difference in a few months. THEN HE WOULD OWN TWITTER!!!!! And that's as far as he thought about it.

Some think he's playing 4D chess - I think he's being stupid. Time will tell. If he turns twitter around and sells it for a profit in a few years, I'll tip my hat to the asshole.

[jonny]

Lemon Drop wrote:
Today Barron's dropped its 12 month target price from $325 to $225, and moves like this often go with "we're just hoping it doesnt get worse" thinking.

They cited possible production curtailment, price cuts and incentives...negative pressure on short term company revenue.

Various polls have shown that people who lean left politically are far less likely to buy a Tesla now that Musk has revealed his hard right sentimemts.

If you look at a potential Tesla customer, isn't it more likely an environmentally conscious, well-educated person with money?

And brand image is very important when you drop that much on a luxury car. Tesla's brand cannot be separated from Elon Musk at least short term.

Maybe lots of right leaning people will line up to buy these cars, but that seems unlikely to me. I think he killed a number of his golden geese, at a time the company faces safety lawsuits and recalls.

You are describing me. I currently drive a Prius, on its last legs, and my next car will be an electric. I absolutely would have considered a Tesla an year ago because of the rave reviews. Now, it is at the bottom of my list because the company is Musk and musk is a bloviating MAGA idiot.

[srf1957]

The idea of investing is to sell at the top . It was way over valued . People live in fairyland . Stock is going up forever .

[ztirffritz]

I understand it. It's a fool's errand.

AllGold wrote:
[quote=ztirffritz]
The real question is why is Elon trying to drive TSLA lower? He's smarter than you or me. I think he's playing games with the media similar to the Orange Guy. I suspect that he's trying to finish screwing short sellers. Like REALLY screw short sellers.

I don't think you understand how short selling stock works.

[kj]

I think it's due to many things such as strong competition, lack of real updates (but news of an update to the 3 probably contributes), relentless attention to every perceived flaw, and probably his odd political behavior.
There are still good reasons to buy a Tesla, and since I want a car that does the job I'd still consider one. I'm worn out trying to find out whether I like the makers of everything I buy.

[ztirffritz]

He's not a MAGA idiot. I don't think he even likes Trump. He just doesn't want someone else to prevent him from hearing what Trump has to say, not that he has anything to say worth hearing. It's the principle of it. Twitter was so left leaning it was about to fall over. I don't like Trump or the MAGA crowd either, but our discourse has become so shaped by the platform in which it happens that people don't really communicate anymore. This forum is a rare exception where people generally tend to politely agree to disagree, discuss and then ignore. There are exceptions of course and occasionally a point is made that gets across to the other side.

jonny wrote:
[quote=Lemon Drop]
Today Barron's dropped its 12 month target price from $325 to $225, and moves like this often go with "we're just hoping it doesnt get worse" thinking.

They cited possible production curtailment, price cuts and incentives...negative pressure on short term company revenue.

Various polls have shown that people who lean left politically are far less likely to buy a Tesla now that Musk has revealed his hard right sentimemts.

If you look at a potential Tesla customer, isn't it more likely an environmentally conscious, well-educated person with money?

And brand image is very important when you drop that much on a luxury car. Tesla's brand cannot be separated from Elon Musk at least short term.

Maybe lots of right leaning people will line up to buy these cars, but that seems unlikely to me. I think he killed a number of his golden geese, at a time the company faces safety lawsuits and recalls.

You are describing me. I currently drive a Prius, on its last legs, and my next car will be an electric. I absolutely would have considered a Tesla an year ago because of the rave reviews. Now, it is at the bottom of my list because the company is Musk and musk is a bloviating MAGA idiot.

[chopper]

ztirffritz wrote:
The real question is why is Elon trying to drive TSLA lower? He's smarter than you or me. I think he's playing games with the media similar to the Orange Guy.

Like Paleozoic Joe hasn't played games.