The CEO is absent, the stock is plummeting, and the brand is toxic. Tesla’s future looks grim.Tesla stock plunged 15 percent on Monday, its steepest drop in five years. The price is down over 50 percent since its December highs. Tesla owners, disgusted with Elon Musk’s slash-and-burn tactics for the Trump administration, are selling their vehicles at a big loss. And Tesla showrooms across the country are becoming magnets for large crowds of protesters who want to see the company fail spectacularly.But at least Musk can still count on one guy to have his back.“I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” President Donald Trump wrote on Truth Social on Monday. “Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???”But it will probably take more than a Cybertruck in the presidential motorcade to make Tesla great again. It will take an actual commitment to more affordable electric vehicles. It will take a more serious and safer approach to driverless cars. And it may take a change of leadership to get the company back on track. Let’s run down the company’s problems.
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72 sats \ 1 reply \ @BlokchainB 12 Mar
I think they will be okay. Besides cars Tesla has other ideas at play. It might be some pain over the next few years but overall I think they come out on the other end okay.
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58 sats \ 0 replies \ @justin_shocknet 12 Mar
Megapack maximalism
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120 sats \ 0 replies \ @NovaRift 12 Mar
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74 sats \ 1 reply \ @justin_shocknet 12 Mar
Nothing more bullish for a company than being hated by the worst people
Bad reviews from bad people are good reviews
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17 sats \ 0 replies \ @0xbitcoiner OP 12 Mar
😂🤣 contrarian logic. liked it
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122 sats \ 0 replies \ @SimpleStacker 12 Mar
This is probably like the right wing version of "get woke go broke"
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0 sats \ 1 reply \ @Satosora 12 Mar
From what l read, tesla stock isnt exactly based on their sales.
So it is an inflated price based on the personality and whims of the CEO.
Of course it would crash eventually, have you seen the swings of the CEOs mood?
Even if it settles at a lower stock price, it wont do anything to the business because the business still sells good cars.
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0 sats \ 0 replies \ @0xbitcoiner OP 12 Mar
I don’t follow any stocks, I just go by whatever comes out in the news.
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