Is Elon Musk in Trouble?

[pigface]

No.

 

[TX-Beau]

Canada’s Constitutional Monarchy

Canada is a constitutional monarchy. The Monarch (the King or Queen) is the Head of State, whose powers are defined by the Constitution and constitutional conventions. These responsibilities are carried out by the Governor General (the Monarch’s representative in Canada).

learn.parl.ca

No. In no way does Charlie control anything in Canada.

 

[KaraBulut]

"$30 million spent on an election and all I got was a cheesehead hat."

 

[johaninsc]

 

[KaraBulut]

Tesla was up $12-15/share (prior to close), in spite of pessimistic outlook from market analysts.

https://www.investing.com/news/stock-market-news/hsbcs-new-price-target-sees-50-downside-risk-in-tesla-stock-3951358

HSBC’s new price target sees 50% downside risk in Tesla stock

HSBC has slashed its price target for Tesla (NASDAQ: TSLA) stock to $130 from a previous target of $165, driven by weak fundamentals and increasing competition for the electric vehicle (EV) giant.

The new target implies a downside risk of approximately 50% from the last closing price of $272.06 on March 26.

The bank maintained a “Reduce” rating.

Tesla’s fundamentals have been under pressure for some time. HSBC pointed out that the company’s strategy of cutting list prices, particularly in December 2022, alienated European fleet buyers, who account for around 60% of the new car market.

Furthermore, aging models and limited driving assistance features have posed challenges in China. The refreshed Model 3, launched in Q4 2023, provided only a temporary sales boost, and while the new Model Y may offer some relief, it is unlikely to reverse the longer-term trend.

 

[KaraBulut]

More bad news...

Tesla sales plunge after Elon Musk backlash

The car maker's sales slide has been attributed to competition and controversy around its boss.

www.bbc.com

Tesla sales have plummeted to their lowest level in three years after a backlash against its boss Elon Musk.

The electric car maker delivered almost 337,000 electric vehicles in the first three months of 2025, a 13% drop from a year ago.

Tesla shares tumbled in early trading on Wednesday after the release of the low sales numbers.

The cars face increasing competition from Chinese firm BYD, but experts believe Musk's controversial role in the Trump administration has had an effect too.

 

[opinterph]

Tesla was up $12-15/share (prior to close)

That may relate to Musk's pending departure from DOGE and the corresponding prospect that the brand might cease being such a lightning rod for citizen backlash.

Trump Tells Inner Circle That Musk Will Leave Soon (Politico; April 2, 2025)

 

[KaraBulut]

That may relate to Musk's pending departure from DOGE and the corresponding prospect that the brand might cease being such a lightning rod for citizen backlash.

Trump Tells Inner Circle That Musk Will Leave Soon (Politico; April 2, 2025)

Honestly, I'm puzzled by what has been going on with the stock the past few days. Tesla has been one of the biggest movers the past few days. Since mid-March someone has been buying up shares.


Trump did his little tariffamegaddon today after the markets closed so that there wouldn't be a stock ticker in the lower right hand corner of the screen. Futures are down 10%. Tesla is in that 10% expected drop.

 

[rareboy]

Honestly, I'm puzzled by what has been going on with the stock the past few days. Tesla has been one of the biggest movers the past few days. Since mid-March someone has been buying up shares.
View attachment 3001617

Trump did his little tariffamegaddon today after the markets closed so that there wouldn't be a stock ticker in the lower right hand corner of the screen. Futures are down 10%. Tesla is in that 10% expected drop.

View attachment 3001596

There are lots of Billionaires with deep pockets to keep the price propped up.

What will be hard to disguise though are the underlying financials if sales don't totally turn around.

 

[fabulouslyghetto]

"$30 million spent on an election and all I got was a cheesehead hat."

he should've brought the chainsaw.

 

[KaraBulut]

he should've brought the chainsaw.

Or at least a cheese grater.

 

[KaraBulut]

Tesla share holders lost $50 billion today. Elon Musk lost $6.4 billion today.

 

[rareboy]

Well that's some good news at least...although again, only paper loss and doesn't explain who is propping up the shares with all the bad news for teSSla

 

[KaraBulut]

We're getting close to the pre-election low:

Tesla share holders are $90 billion poorer today. That's $11 billion off Elon's wealth. In just two days, Elon has lost $17 billion in shareholder value.

 

[rareboy]

 

[pigface]

 

[Alistair]

 

[cityboy-stl]

Clever. An attorney in St. Louis has filed paperwork for a ballot initiative to kick Tesla out of Missouri using the republican playbook.
Watch the hypocrite republicans fascists get all faux outraged shouting against what they used to support.

To Kick Tesla Out Of Missouri, Crafty Lawyer Turns To GOP Playbook | St. Louis Magazine

A St. Louis attorney has a plan to kick Tesla out of Missouri—using a playbook inspired by Gov. Mike Kehoe and previously backed by Sen. Eric Schmitt.

www.stlmag.com

A St. Louis attorney has a plan to kick Tesla out of Missouri—using a playbook inspired by Gov. Mike Kehoe and previously backed by Sen. Eric Schmitt.
Brad Ketcher, ... has filed paperwork for a state ballot initiative to ban Tesla’s longstanding business model, which bypasses independent auto dealers to sell directly to consumers.
Eleven years ago, both Kehoe and Schmitt, then state senators, voted for legislation to do the same thing.

 

[rareboy]

 

[rareboy]

Meanwhile...in the background. Musk literally making out like a bandit.

Elon Musk inking multibillion-dollar Pentagon deal amid DOGE cuts

Musk's SpaceX will reportedly help the U.S. Space Force send sensitive satellites into space.

www.newsweek.com

The projected contract values are approximately $5.92 billion for SpaceX, $5.37 billion for United Launch Services, and $2.39 billion for Blue Origin.

The deal will help Space Force send its most sensitive satellites into orbit.