Tesla Stock Plummets 50% Since December

Discussion in 'Politics' started by insider trading, Mar 12, 2025.

  1. :D:D:D:D:D


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    #121     Mar 25, 2025
    Atlantic likes this.
  2. wrbtrader

    wrbtrader

    TSLA has had growing earnings for awhile now until this year (hit the hardest Europe). It will be interesting to see how the crazy sales hit they've been slammed by in Europe has an impact of their upcoming April earnings report.

    If it's a bad earnings report and Trump begins a campaign of trying to get Americans to buy Tesla to compensate for Europeans not wanting to buy Tesla because of U.S. government policies and negative rhetoric towards Europe...

    Musk will become worried about actions by the board of Tesla.

    wrbtrader
     
    #122     Mar 25, 2025
    insider trading likes this.
  3. Tuxan

    Tuxan

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    #123     Mar 26, 2025
    insider trading likes this.
  4. Tuxan

    Tuxan

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    #124     Mar 26, 2025
    insider trading and gwb-trading like this.
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    #125     Mar 26, 2025
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    #126     Mar 26, 2025
  7. https://www.politico.com/news/2025/03/26/new-york-lawmakers-target-tesla-00252361

    New York lawmakers target Tesla

    A Democratic legislator introduced a bill to stop Tesla from selling in-person to consumers in the state.


    ALBANY, New York — An upstate New York lawmaker who’s said she’s “disgusted” with Elon Musk is targeting Tesla’s operations.

    State Sen. Pat Fahy, an Albany Democrat who’s championed electric vehicles, introduced a bill Wednesday that would yank permits for Tesla’s five in-person sales locations in New York. Other electric vehicle makers would also be allowed to compete for the permits under the legislation.

    “No matter what we do, we’ve got to take this from Elon Musk,” Fahy said. “He’s part of an effort to go backwards.”

    Musk’s close association with President Donald Trump as he spearheads an aggressive, fast-moving effort to shrink the federal workforce has become an issue for Tesla in Democratic states.

    Musk, the world’s richest man, funded Trump’s reelection campaign and was tasked by the president to lead the Department of Government Efficiency to slash government spending. He’s pushed for DOGE employees to gain unprecedented access to government information, spurring legal challenges. Musk is also the face of mass firings of probationary federal workers.

    Lawmakers and advocates have been pressuring pension funds to divest from Tesla and protesting at Tesla showrooms as a way to show their antipathy toward Musk. Tesla’s vehicles have become targets of arson and vandalism as well.

    Trump has cheered Musk and purchased a Tesla in a made-for-TV event on the White House lawn earlier this month, even as sales of Tesla’s vehicles have dropped dramatically.

    Tesla still sells more electric vehicles in the U.S. and New York than any other manufacturer. The company eschews the traditional dealership model of selling cars through third parties via franchise agreements. Instead, Tesla sells directly to consumers.

    In many states, auto franchise laws limit this approach. In New York, Tesla was allowed to continue operating five locations to sell directly to consumers under a deal with brokers in 2014. The state’s powerful auto dealers want to completely ban Tesla’s model.

    The deal in New York also shut out new electric vehicle makers such as Rivian and Lucid, which prefer the direct sales model.

    Fahy in previous years championed legislation to fully lift restrictions on direct sales by EV makers. That would have benefited Tesla and other EV makers. Fahy said she wanted to see electric vehicle sales take off to cut emissions in New York and help achieve the state’s climate goals.

    But associating with Musk through the Tesla brand has become politically toxic for Democratic lawmakers.

    The Musk factor played a role in declining support for a bill to allow direct sales in Connecticut. A measure to end Tesla’s ability to sell to consumers was introduced in Washington state along with one to allow other EV manufacturers to set up shop, but neither is expected to move forward this year.

    Fahy’s proposal would still cap the number of direct sales locations for EV manufacturers at five, but would prohibit Tesla from continuing to operate after July 2026.

    Assemblymember Bobby Carroll, a New York City Democrat, plans to propose ending direct sales altogether. He said he wants to close the “Tesla loophole.”

    “We should never have done this for Elon Musk in the first place,” Carroll said.

    He said he supports the franchise model because it prevents billionaires from gaining more wealth and power.

    “It allows for small businesspeople to be actors in this market,” Carroll said. “They’re not perfect, but they are clearly significantly better than the alternative. If we allowed the expansion of direct sales, what would happen is two or three people would control so much.”

    Fahy said she’d work with Carroll because the priority is to end Tesla’s — and by extension Musk’s — advantage in the state.

    “The bottom line is, Tesla has lost their right to promote these when they’re part of an administration that wants to go backwards,” Fahy said. “Elon Musk was handed a privilege here.”
     
    #127     Mar 27, 2025
    Tuxan likes this.
  8. DeSantis targetted Disney because Disney didnt like DeSantis politics and Desantis went all dickless threatening Disney and going after them.... and all the maga fucks here though it was grand..

    Lets use that same intensity and take down Tesla! Its legal according to the GOP amirite?

    States should pass laws silencing Tesla until Musk stops what he is doing.
     
    #128     Mar 27, 2025

  9. Every blue state should be doing this.
     
    #129     Mar 27, 2025
    Tuxan likes this.
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    #130     Apr 2, 2025