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Trump / Musk (other than DOGE)

  • Thread starter Thread starter nycfan
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  • Politics 
I think we should monkey with the official government statistics like GDP because that will surely earn us the trust of the investor community. I mean, it's not as if North Korea and Cuba struggle to get investment funds. Oh.
 
Tesla is having a rough time in the European sales department. Across the continent, the story is the same: fewer Tesla sales, more competition and a CEO who keeps making headlines for all of the wrong reasons. The numbers don't lie—while Europe's overall EV sales are up, deliveries for Tesla are down hard, continuing the trend from a rather brutal January, and things don't look like they're letting up anytime soon.

Countries like Norway (which was once Tesla's Scandinavian stronghold) have seemingly lost the love for the American automaker. Sales there are down 48% year-over-year. That's roughly the same as the European-wide drop of 45.2% in January. Denmark and Sweden also saw year-over-year drops of more than 40% for February, while France saw a lesser 25% drop year-over-year according to data first reported by Electrek.

Despite European deliveries falling, Tesla's stock is still out-performing other automakers. Granted, share prices have fallen more than 38% since peaking in December 2024, but the real number to look at—Tesla's price-to-earnings ratio, which shows how much it's worth to how much it earns in profits—is still at a mind-boggling 86. Toyota, the next-highest car manufacturer, sits at a cool 9.01.


So what's happening here? How can Tesla be losing customers at an alarming rate while still be treated like the golden child of wall street?

The answer is a complicated paradox of duality, and its name is Elon Musk.
 
Since this omnibus thread seems so broad (maybe too much an overreaction to having too many similar but overlapping threads) that it is suffering a lot of cross-talk on various subjects, I’ve repurposed another older DOGE thread as a DOGE catch-all and will leave this one as a general Trump Admin catch-all.

nycfan

Politics Thread 'DOGE Catch-All'

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The lies are thick in this all cap screed.
 

Tesla for Sale: Buyer’s Remorse Sinks In for Elon Musk’s E.V.-Owning Critics​

The backlash against the electric vehicle company has intensified as the billionaire ally of President Trump exerts his power over the federal government.

www.nytimes.com

Tesla for Sale: Buyer’s Remorse Sinks In for Elon Musk’s E.V.-Owning Critics

The backlash against the electric vehicle company has intensified as the billionaire ally of President Trump exerts his power over the federal government.
www.nytimes.com www.nytimes.com

“… The buyer’s remorse is playing out at a volatile moment for Tesla, as stocks dropped by double digits in the last week, wiping out most of a post-election surge for Mr. Musk’s company. A recent report showed plummeting sales in Europe, and the company faces increased competition from other E.V. makers eating away at its market share. Recent protests outside Tesla showrooms in the United States and some notable cases of vehicle owners being harassed have also made headlines.

… Ms. Trebb, 54, a family therapist and a Democrat, said she had decided to trade in her Tesla for a gas-powered Mercedes, accepting $32,000 of the Tesla’s original $55,880 value, despite having only 10,000 miles on it. Her decision, she said, was cemented during a recent trip to the supermarket.

“Two weeks ago, I was called a Nazi,” she said, “in the parking lot at Kroger,” adding an expletive. “I came home and told my husband, ‘That’s it. I’m done.’”

… Most recently, monthly U.S. sales have seesawed between 50,000 and 60,000 after years of explosive growth. In 2024, Tesla reported the first annual-sales drop in its history.

…
Dr. Kumait Jaroje, 40, a Republican from Worcester, Mass., used his $113,000 gold Cybertruck to advertise his cosmetic medical practice in an eye-catching way, placing a decal with contact information on its side. But he recently began to experience so much backlash that he was forced to remove the information from his car.

“It got really, really bad after the inauguration,” Dr. Jaroje said.

An obscene bumper sticker with the word “Nazi” recently appeared on the truck while it was in his driveway. …”
 


“… The invitation specifically states that “Donald J. Trump is appearing at this event only as a featured speaker, and is not asking for funds or donations.” The event occurred at 7:00pm on March 1 and was listed on the president’s official schedule as the “MAGA INC. Candlelight Finance Dinner.”

This is the only event by that name on Trump’s official schedule since he took office. …”
 
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