Luckily the party is probably on its way to being over. It’s not like Elon decreasing his public presence with the president will make sales suddenly rebound.

What everyone here is also missing is that it’s 71% profit loss with tax credits which means they saw this loss coming and scrambled to cash in some stuff so it didn’t look as bad. Without that, they would have reported a decent loss like they will next quarter.

And fundamentally how would they fix their current issue? They could distance from elon but that would be a slow burn. They can’t make new cars. Can’t discount their cars much. They can’t do much of anything except lose more money.

I think because the intention is to hurt the animal by definition and produces no useful biproduct. But that’s my guess.

I think that type of speculation is acceptable usually but their self driving tech hasn’t significantly improved in a while and has been out for years, so those expectations should be mostly priced in by now.

You add that to their falling sales figures and the fact that they spent crazy money developing cyber truck and have had multiple recalls on it already, the stock is completely out to lunch. Usually they’re somewhat in touch with reality. Like Apple is a bit out to lunch but its movement is still news-based somewhat. Not the case with Tesla, they’re not out to lunch they’re out till next year in Tahiti

No they don’t think it will hold that value, yes they think that musk is helping enhance it (and I agree), no they don’t think his actions as CEO are helping their core fundamentals, and quite possibly his last actions were years ago unless you count him being at their press events as work.

This isn’t unique to Tesla btw, they’re just the largest example. Nvidia is also right behind them.

Why? Shareholders do not care about the health of the company so long as its stock price is high. And Teslas stock price is not based on any fundamental principle of investing.

Their market cap, or the total value of all their shares, is currently worth more than the next 30 largest auto manufacturers COMBINED.

Let me put it this way: Every single car sold in the United States this year could be made by Tesla and they still wouldn’t even be close to being worth what they are right now based on company fundamentals. Thats how insane this is. Shareholders of the company couldn’t be happier and yet their company is declining in sales and killing off its customer base. Absolutely insane.

Benefit of the doubt would be to say it absolutely didn’t happen since proof doesn’t exist now. I didn’t say that.

Even more reason to not be taking your VIPs anywhere near the active landing path

This is possibly not a real thing that happened.

Of all the news agencies I looked into that tried to verify this story, they all came up empty handed. Even snipes did a dive in on it and found nothing

So yeah look at all the comments posted here jumping to conclusions.

The CHIPS act passed in the US does help with this. Instead of reinventing the wheel, we’re trying to move some of their manufacturing over here. Which is desirable anyways because it puts them beyond Chinas reach.

Still that process will take a decade so no luck anytime soon