Is Elon Musk in Trouble?

[rareboy]

 

[Dargelos]

They both love money and they both love power but they will never have any concept of the kind of love that we know.
Which is the kind of poverty that no amount of dollars will ever make up for.

 

[rareboy]

Hopefully Musk will be in the bunker with Trump at the end and can show him how devoted he is to him.

 

[KaraBulut]

Hopefully Musk will be in the bunker with Trump at the end and can show him how devoted he is to him.

Musk appears to be on a suicide mission to destroy himself and his businesses.

https://www.bloomberg.com/news/articles/2025-02-07/tesla-shares-set-for-worst-week-since-election-as-sales-plunge

Tesla’s sales plummet across Europe

Registrations in Germany fall 59% amid consumer backlash against Elon Musk’s political activism

www.ft.com

Tesla’s European Sales Drop in January After Musk Disrupts Politics There

The U.S. electric car company’s sales are sliding across Europe, amid what many see as interference in local affairs by Tesla’s chief executive, Elon Musk.

www.nytimes.com

Tesla sales fall 60% in Germany as owner Elon Musk continues to back far right AfD—'nobody wants to be associated with it'

The Tesla boss's behavior is "extremely damaging" said Ferdinand Dudenhoeffer, director of the Center Automotive Research Institute in Germany.

fortune.com

 

[rareboy]

The only thing propping up Tesla stock at the moment must be some bizarre fantasy that him being in control of the US treasury will yield results in the auto market...bizarre when you think that TrumpCo. is all about gas guzzlers and drill baby drill. Someone explain this to me like I am 12.

I realize that Tesla at this point is literally counting on Asia (China) for its market...but Xi owes nothing to Musk or Tesla.

I still say that Musk and Tesla are as likely to trigger the market crash and recession/depression as any sector (Crypto anyone?).

 

[rareboy]

 

[rareboy]

 

[Dargelos]

A lot of taxi drivers live near us, and many of them have bought a Tesla. Their choice of car is based on the total cost of ownership, which is affected by the price obtained when they sell after three years or so.
Since the used prices for Tesla are hurtling downward, the TCO goes way up and these cars have suddenly become a poor investment.
So it's back to their old value for money favourite, Skoda. What was never in fashion cannot fall out of fashion.

 

[KaraBulut]

A lot of taxi drivers live near us, and many of them have bought a Tesla. Their choice of car is based on the total cost of ownership, which is affected by the price obtained when they sell after three years or so.

Not sure how it is there but in the US, even relatively minor accidents in Teslas result in the insurance company totaling the vehicle. It is cheaper to buy a new Tesla than it is to repair one.

 

[Dargelos]

Not sure how it is there but in the US, even relatively minor accidents in Teslas result in the insurance company totaling the vehicle. It is cheaper to buy a new Tesla than it is to repair one.

If you get repairs done by the authorised dealer then that will be true. We are lucky enough to still have back street garages that do repairs at an honest price. But the insurer may want to only give business to the main dealer (kickbacks?) So it can be cheaper to pay for the job yourself.

 

[KaraBulut]

If you get repairs done by the authorised dealer then that will be true. We are lucky enough to still have back street garages that do repairs at an honest price. But the insurer may want to only give business to the main dealer (kickbacks?) So it can be cheaper to pay for the job yourself.

The way it works in the US is that the insurance adjuster comes up with an estimate. Body work on a Tesla in the US can run up to $20K. I've heard quotes over $1K for windshield replacement.

And apparently, it's not just the US:

 

[rareboy]

All the places Elon's Muskrats have stuck thier dirty dicks into the operating systems of US departments and agencies so far.

 

[Dargelos]

So you don't tell the loss adjuster, you just get it fixed yourself. But then what are we paying insurance for? It's a legal requirement but apart from the liability component, the rest is daylight robbery.
Just noticed, you cant buy Skoda in the States, parent company VW prefers to promote the main brand, better margins.

 

[TX-Beau]

So you don't tell the loss adjuster, you just get it fixed yourself. But then what are we paying insurance for? It's a legal requirement but apart from the liability component, the rest is daylight robbery.
Just noticed, you cant buy Skoda in the States, parent company VW prefers to promote the main brand, better margins.

The insurance company looks at your car and decides. You can get repairs done wherever you want up to the number they came up with, beyond which is on you. They have preferential shops they like to use, but to get you to use them they will offer perks, like full guarantees on the work, or free rental cars. If you want you can just ignore the adjuster and get it fixed on your own.

Liability coverage is mandated, but just liability. Those are the cheapest plans and that will cover the other driver/property, but you are on your own.

 

[KaraBulut]

Connecting the dots:

https://www.washingtonpost.com/business/2025/02/08/doge-musk-goals/

Billionaire Elon Musk’s blitzkrieg on Washington has brought into focus his vision for a dramatically smaller and weaker government, as he and a coterie of aides move to control, automate — and substantially diminish — hundreds if not thousands of public functions.

In less than three weeks, Musk’s U.S. DOGE Service has followed the same playbook at one federal agency after another: Install loyalists in leadership. Hoover up internal data, including the sensitive and the classified. Gain control of the flow of funds. And push hard — by means legal or otherwise — to eliminate jobs and programs not ideologically aligned with Trump administration goals.

That push has been especially fierce at GSA, where DOGE staffers are telling managers that they plan to automate a majority of jobs, according to a person familiar with the situation.

“The end goal is replacing the human workforce with machines,” said a U.S. official closely watching DOGE activity. “Everything that can be machine-automated will be. And the technocrats will replace the bureaucrats.”

Meanwhile, White House officials have begun preparing budget documents that seek to cut some agencies and departments by as much as 60 percent, according to two other people familiar with the matter, who spoke on the condition of anonymity to reflect internal deliberations. It’s unclear whether Trump will feel compelled to ask Congress to approve those cuts. Though the Constitution specifically invests spending power in Congress, Musk and Trump budget chief Russell Vought have argued they should have authority to slash spending unilaterally.

 

[TX-Beau]

Connecting the dots:

https://www.washingtonpost.com/business/2025/02/08/doge-musk-goals/

Tesla hit 350 today. Apparently, he believes in small corporations as well. How many billions is that lost in stock valuer just this month? It has to be some kind of record.

 

[rareboy]

Problem is the 5year

Google Search

 

[Alistair]

 

[rareboy]

Europe’s largest pension fund just dumped all its Tesla stock.

Every company invested in Elon should take the hint and do the same.

 

[TX-Beau]

328.50

It's like watching a Tesla on autopilot slam into a parked truck.