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  • A North American sales collapse

    From JAB@21:1/5 to All on Wed Feb 12 15:13:51 2025
    American sales figures are still trickling in, but Tesla has cause to
    worry in its home market too. In California, a left-leaning state with
    the largest EV market in the nation, Tesla sales fell 8 percent in the
    fourth quarter of 2024.

    A North American sales collapse would be a disaster for Tesla
    shareholders, starting with Musk himself, who owns around 13 percent
    of the company. "Musk's stake in Tesla is partly pledged for loans
    that he depends on for cash," Niedermeyer said. If the value of his
    Tesla stock falls, lenders could force Musk to sell additional shares.
    Many Tesla investors (and his fan base) may see that as a vote of no
    confidence in the company's future, prompting them to sell
    shares--triggering a full-on Wall Street rout, with Tesla's stock
    crashing in value.

    What does this mean for people outraged by Musk's recent behavior?
    Take it out on Tesla by boycotting the company. Any further dip in
    Tesla sales would amplify growing calls for Musk's ouster as CEO.
    Whatever time Musk spends doing damage control is time not spent
    dismantling federal agencies or elevating Europe's far right. If you
    were considering buying a Tesla, don't. If you're renting a car,
    choose another brand. And if you own a Tesla, sell it. Yes, that would
    help: A deluge of used Teslas would lower their resale value, further depressing the new-car sales that the company depends upon.

    https://slate.com/business/2025/02/elon-musk-tesla-stock-valuation-consumer-boycott.html

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Retrograde@21:1/5 to JAB on Thu Feb 13 04:02:50 2025
    On 2025-02-12, JAB <[email protected]d> wrote:
    American sales figures are still trickling in, but Tesla has cause to
    worry in its home market too. In California, a left-leaning state with
    the largest EV market in the nation, Tesla sales fell 8 percent in the
    fourth quarter of 2024.

    Great news! Thanks for the good laugh. Teslas are Nazimobiles, and Cyberweenies deserve to self-immolate.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From D@21:1/5 to JAB on Thu Feb 13 21:47:05 2025
    On Wed, 12 Feb 2025, JAB wrote:

    American sales figures are still trickling in, but Tesla has cause to
    worry in its home market too. In California, a left-leaning state with
    the largest EV market in the nation, Tesla sales fell 8 percent in the
    fourth quarter of 2024.

    That's nothing. If this result is repeated several quarters in a row, it
    is worrying!

    Personally, I would never buy an electric at this point in time. A
    gasoline drive car is better for the environment, cheaper and better.

    Teslas are also surveillance machines, which I am against. The problem is
    that most likely, all new cars are equally bad. =(

    A North American sales collapse would be a disaster for Tesla
    shareholders, starting with Musk himself, who owns around 13 percent
    of the company. "Musk's stake in Tesla is partly pledged for loans
    that he depends on for cash," Niedermeyer said. If the value of his
    Tesla stock falls, lenders could force Musk to sell additional shares.
    Many Tesla investors (and his fan base) may see that as a vote of no confidence in the company's future, prompting them to sell
    shares--triggering a full-on Wall Street rout, with Tesla's stock
    crashing in value.

    What does this mean for people outraged by Musk's recent behavior?
    Take it out on Tesla by boycotting the company. Any further dip in
    Tesla sales would amplify growing calls for Musk's ouster as CEO.
    Whatever time Musk spends doing damage control is time not spent
    dismantling federal agencies or elevating Europe's far right. If you
    were considering buying a Tesla, don't. If you're renting a car,
    choose another brand. And if you own a Tesla, sell it. Yes, that would
    help: A deluge of used Teslas would lower their resale value, further depressing the new-car sales that the company depends upon.

    https://slate.com/business/2025/02/elon-musk-tesla-stock-valuation-consumer-boycott.html


    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to [email protected] on Thu Feb 13 15:41:53 2025
    On Thu, 13 Feb 2025 21:47:05 +0100, D <[email protected]> wrote:

    If this result is repeated several quarters in a row, it
    is worrying!

    Did you see this post I made? If consumers ditch Tesla's vehicles,
    this won't amount to much. I hope the Canadians ditch Tesla.


    The State Department said it was planning to buy $400 million worth of
    armored Teslas this year. https://www.businessinsider.com/state-department-buy-400-million-worth-armored-teslas-2025-2

    I wonder if Elon will eliminate this wasteful spending?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From D@21:1/5 to JAB on Fri Feb 14 09:58:52 2025
    On Thu, 13 Feb 2025, JAB wrote:

    On Thu, 13 Feb 2025 21:47:05 +0100, D <[email protected]> wrote:

    If this result is repeated several quarters in a row, it
    is worrying!

    Did you see this post I made? If consumers ditch Tesla's vehicles,
    this won't amount to much. I hope the Canadians ditch Tesla.


    The State Department said it was planning to buy $400 million worth of armored Teslas this year. https://www.businessinsider.com/state-department-buy-400-million-worth-armored-teslas-2025-2

    I wonder if Elon will eliminate this wasteful spending?

    Well, there's no other option? I we democratically have voted for armored teslas, then we have to respect the result of the election. After all,
    there are no other companies producing armored teslas, so this is entirely democratic! ;)

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)