Musk’s Lurch To Eco Fascism
December 6, 2022
Just Gobsmacking with each new day. Is there no corporate board that can do an intervention?
Two things can be true at the same time.
Tesla can be a company that has done a lot of good things and pushed forward some great technology.
AND the CEO that we thought was Tony Stark is actually Dr. Doom.
It’s true.
December 7, 2022 at 6:09 am
I dont understand that a man who post such nonsen still is accepted by shareholders as CEO of big companies. He must be out of his mind. He should be send to a institution for medical treatment. he must be completly overworked.
December 7, 2022 at 11:16 am
Nonsense doesn’t matter.
Share price does.
As long as investors associate Tesla and SpaceX success with Musk, he’s good.
People who want to invest in the EV sector in general don’t have a way to separate out the EV production from the ICE production numbers at legacy car makers. I believe that if GM or VW could split out the part of those companies working on EVs, those spinoffs would suck a lot of investment out of TSLA.
December 9, 2022 at 8:15 am
interesting thought
December 9, 2022 at 8:35 am
…. I use the word interesting due to my own ignorance of “Market” realities.
I would love to see a direct investment into EVs other than Tesla.
Is the ICE industry so committed to EVs that they would also risk the drain
from their current core product stock? Would that be an issue as well?
Or are the sales of Other-than-Tesla the only way to impact the Musk factor?
December 9, 2022 at 2:05 pm
This is a classic question. When new tech comes along it threatens old product lines. Sometimes the old-timers in the company don’t see the writing on the wall, and you end up with Kodak unprepared for near-complete disappearance of the camera film market, once their cash cow.
The S-curve works in the opposite direction for old popular product lines. While the old company management balks at spending income from the old product line on the new product line (“Which is only 1% of the market!”), they don’t realize they can’t keep the market as a whole from making the transition away from their old moneymakers. As one tech founder told me “If you don’t eat your own lunch, somebody else will do it for you.”
I think even the fanbois are starting to see that there’s a difference between Musk and the Tesla product, and real investors have no company loyalty whatsoever. Also, Tesla’s market over-valuation sticks out like a sore thumb to other automakers, and they’re motivated to grab that EV (and battery) investment money for themselves.