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Trump turns on Time after new cover shows Musk sitting behind his Resolute desk
(www.independent.co.uk)
this post was submitted on 07 Feb 2025
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Elon is filthy rich though. There is a difference.
He’s rich so far, but he really seems to be alienating his consumer customer base. If he keeps this up, his car company could crash as fast as it grew, and maybe his other customers will start reacting
He's worth over $400 billion. He could literally set warehouses full of cash on fire and not notice.
He owns stock currently worth a ridiculous amount. It’s worth so much that tanking Twitter was no big deal, and of course buying a government position is cheap.
But that stock is tied to the value off a small number of companies, especially Tesla. If people stopped buying their products because of that ceo, that’s going to take a couple hundred billion off the top. Yes, that does seem to be happening in Europe. Meanwhile Chinese companies are eating their lunch in most of the world and the us is apparently going back to some smog filled dark medieval time
It’s unfortunate that their cars and other products are still compelling, still have features unmatched by any competitors
And of course there’s spacex, and other companies, not yet impacted.
I am just SO glad that I never bought one of his cars.
https://finance.yahoo.com/news/tesla-cfo-board-members-offload-142507093.html
https://www.bloomberg.com/news/articles/2025-02-07/tesla-shares-set-for-worst-week-since-election-as-sales-plunge?sref=Hhue1scO
I totally agree with your take other than that their cars are anything special at this point - what features are unmatched by competitors? Yes they were innovative at the time but they currently don't lead in efficiency, range, charging, ride quality, interior quality, and FSD was/is an absolute grift.