Investors may see Tesla as a 'house of cards' after watching Elon Musk sow chaos at Twitter: CNBC

[catbyte]

Brad Reed
November 23, 2022

Venture capitalist Bradley Tusk argued on Wednesday that Elon Musk's chaotic tenure as CEO of Twitter could soon spill over to his other businesses.

In particular, he said that a Musk failure at Twitter could have dire consequences for electric car manufacturer Tesla.

"Tesla's market cap a few days ago was $564 billion, General Motors is $56 billion," he said. "General Motors sold... 22.2 million cars last year, Tesla sold around 900,000. So a lot of Tesla's value is based on hype, it's based on, sort of, promise and potential. But it's based on this belief that Elon Musk can't fail."

Tusk went on to say that failure at Twitter could burst this bubble for Musk and could cause investors to question is business acumen at other ventures.

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Link to tweet

Full article

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Hope springs eternal.

[getagrip_already]

1. wonder? lol....

sales have to be falling like a rock. redstoners won't buy an ev and progressives really dislike him. I don't know anyone who thinks tesla's are the cool car to own right now.

Once sales publically slump, the stock will deflate.

[targetpractice]

3. MAGA folks are the Tesla market now...

Who else wants one? Nobody... They aren't cool anymore.

MAGA folks must be twisted up in a Gordian knot of logic to justify why they suddenly want to buy a battery powered car. Oh.. I forgot... They have no actual principles.

Elon Musk made engineers spend time and money to put a "fart" feature into every Tesla... The driver can press a feature on the navigation panel that makes a passenger's seat vibrate while the speaker plays a fart sound. Essentially, an expensive whoopie cushion.. He's been juvenile from the get-go. There were always signs.

[dalton99a]

10. +1. Great engineering:

[targetpractice]

19. There is precisely only one situation where I found this feature amusing...

When Katie Sackhoff and Tricia Helfer (my fave actresses from Battlestar Galactica) use it...

https://youtube.com/shorts/HJ489OHQhJc

[Trenzalore]

21. A MAGA friend's father

Bless the guy, I spent a lot of time at his house with my friends when I was growing up posts anti-electric car memes and pro Elon Musk memes all day.

The MAGA crowd aren't buying electric cars. One a majority can't afford a Tesla, two they are conditioned to think it is socialism so no matter how much they like Musk they won't do it.

[catbyte]

6. Great point.

He's alienating the very people who are buying his cars and I can't see the Trump-loving assholes that drive these things around ever buying a Tesla. Elon is just another Emperor With No Clothes.

[Hugh_Lebowski]

2. This really is a time to make very specific investments if you ask me ...

Mainly this one, which has got to be golden right about now:

[Irish_Dem]

4. And movie rights to the Musk Shit Show.

[dalton99a]

5. Friends don't let friends give money to Elon Musk and his racist corporation

[Irish_Dem]

7. Can you imagine being an investor or a bank holding loans to Musk companies?

Yikes.

[Irish_Dem]

8. Money to Musk is now a donation, not an investment.

[bucolic_frolic]

9. Every major car company will have an EV at some point

and they can pay their bills with legacy fossil fuel vehicles. Prices for EVs will fall. Tesla is a sitting duck.

[Deminpenn]

11. What happens if NASA decides not to contract with SpaceX any more?

The government contracts are where Musk's real money is made. SpaceX has compeititors in the public-private rocket business to whom NASA can turn.

[DBoon]

13. If Musk's erratic behavior affects SpaceX's delivery

Boeing will pounce

[Deminpenn]

14. Will NASA even want to wait for Musk's erratic behavior to

affect SpaceX?

If I was a civil servant working at NASA or any of its related commands, I'd be making the case for or even making contingency plans right now.

[DBoon]

12. luxury brands live by their public reputation

Once Tesla loses its reputation, it is gone.

There are perfectly good EVs on the market for much less.

Established luxury brands are producing EVs

Tesla's days are numbered

[catbyte]

15. Speaking of luxury brands,

Maybe they can make a new "Back to the Future" movie using a Tesla instead of a Delorean.

[DBoon]

16. maybe in 30 years they will re-do "My Mother the Car" with a Tesla

and if you don't remember that stinker of a TV show from the 1960s, good for you!

[catbyte]

17. Sadly, I do.

[EYESORE 9001]

18. I wish I could forget it

[catbyte]

23. I always wondered if Ann Sothern had to pay her mortgage or something for her to

agree to star in that gas bomb.

[Trenzalore]

20. There is no justification for Tesla's stock valuation

Frankly, all the other automakers are catching up or caught up with electric vehicles.

It is going to fall and fall hard and when it does it will be glorious.

[tinrobot]

22. For the $44 billion he overspent on Twitter, he could have bought a number of car companies.

Rivian - $28 billion
Hyundai - $29 billion
Kia - $19 billion
Ferrari - $39 billion
Honda - $43 billion

More here : https://jalopnik.com/15-automakers-elon-musk-could-have-bought-instead-of-tw-1849797847