I hope you're right... Right now I'm seeing the film I talked about for about a year. People bought Tesla because they are great cars and fulfill a environmental goal, best of all worlds. But Elon's antics, which have reached epic cringe, have turned off Europeans (and some Americans) who are now on an anti billionaire fascist bandwagon. Elon's managed to piss off unions, governments, leftist and centrist political parties by openly supporting far right parties. He has no idea what's coming to him, and shareholders are in for a rough time. Expect generalized vandalism against Tesla vehicles, stores and factories throughout Europe. Unless you own a lockable garage and never park in a city, your car will be keyed and no one will care. The only upside I can hope for is safeguarding some profits from higher margins on lower sales, significant sales in Energy business and a significant role out of Robotaxis in Austin. As far as I'm concerned, I will unload 100% of my holding at the next high, whenever that is. Unless Elon resigns from the CEO role (he can hold on to another one) I'm done. I didn't become a shareholder to defend his politics. He's done too much damage to the brand while Korean and Chinese vehicles are reaching equivalent quality at a lower price point without blasting The Internationale all day long.
Pretty sure he knew (knows) the stock would take a hit with all the DOGE stuff. I don't know what the catalyst will be to push it back up, but it reversed 2.5% today. Odds are, the algo's will just burn the shorts again. Near term. That said, the real game hasn't started yet ("The higher it goes the higher it goes") so I suspect it will go lower, but at some point it will commence again. It always does.
An arrest was made yesterday on a man that is suspected for putting fire on (at least) 2 Teslas in Gothenburg on Thurday. Another 3 Teslas were also burned in that city the same day. Tesla owners here in Sweden are generally at risk of being harrassed lately after the heil, e.g. people drive up next to them on the motorway and do Hitler impressions.
https://finance.yahoo.com/news/tsla-shares-fall-european-registrations-155451807.html TSLA Shares Fall as European Registrations Plunge Over 50% https://www.nytimes.com/2025/02/25/business/china-tesla-self-driving-musk.html Tesla Moves One Step Closer to Self-Driving Cars in China Mr. Musk has been working to convince regulators to roll out full self-driving approval. But, as Mr. Musk recently described it to investors, Tesla is stuck between Chinese regulations that prevent it from taking data out of the country to train driving models and American authorities that will not let it train its self-driving systems in China. rolled my covered calls to 300 exp year-end, the premium received is a model 3.-
Why Tesla's stock has given up nearly all of its Trump election gains Tesla shares are down nearly 40% from hitting an all-time high in December, as a slowdown in sales and Musk's political moves are seen as hurting the stock. https://finance.yahoo.com/news/why-...ll-of-its-trump-election-gains-134617725.html
Tesla sales drop 76% in Germany YoY in February: https://www.barrons.com/news/tesla-sales-in-germany-fall-76-in-february-9fb92a0d Wholly predictable of course but just funny, Elon most certainly hasn't acted in the interest of other shareholders.
Yes, Musk has surpassed himself, something he is entitled to do as long as he isn't Tesla CEO. What's unconscionable is that the BoD hasn't fired him for his negative impact on the company. What's puzzling is that whale shareholders haven't launched a lawsuit to get him evicted.
The Musk premium to the share price gotta be preserved above all else for as long as possible. "Just an EV maker" Tesla no way justifies the valuation.
Tesla's valuation has nothing to do with Musk any longer. In fact, its value in sinking because of him. Tesla stopped being just an EV maker 8-10 years ago. Its valuation reflects its energy business, upcoming semi EVs, FSD and Bots.
Those who took profit at $488 must be laughing every day and night for the past few weeks. It is unlikely TSLA can reach that level again unless it can come up with some innovative products.