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Tesla sales tank in Europe as stock drops 40% in a month

Richard Packer

Gold Member
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Mr Reasonable

Completely Unreasonable
Isn’t getting a Tesla going woke? Could’ve sworn that was the direction the wind was blowing last year

"woke" hasn't meant anything in particular for years. Some people are probably calling flavours of ice cream they don't like "too woke"

Edit, for example, here's someone using it who clearly thinks it's just an insult:

 
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Punished Miku

Human Rights Subscription Service


The Nazi who sells cars to Israel ???

But what happened to the narrative???

Oh, maybe the narrative was total bullshit propaganda???

More government subsidy. Wonder if Israel is buying those with US aid money too? The only reason any of his companies exist; free billions in handouts from public funding. I for one am shocked. Perfect guy to cut into your grandma's ability to buy groceries and medicine after they are too old to work, and call that waste. Old people can die in poverty but at least the government will have some sick Teslas. Old people living is a fucking waste, buy a Tesla. Just push an old person into the road next time you see them and make it quick. Not like you'd lose sleep over it.

I am curious though. What do you call it when someone takes a government position and then immediately starts leveraging those connections to personally enrich himself while in office? Abuse? Genuine question. Is there actually anything he could do that you would consider abuse of his position or corruption? Anything?
 
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StreetsofBeige

Gold Member
More government subsidy. Wonder if Israel is buying those with US aid money too? The only reason any of his companies exist; free billions in handouts from public funding. I for one am shocked. Perfect guy to cut into your grandma's ability to buy groceries and medicine after they are too old to work, and call that waste. Old people can die in poverty but at least the government will have some sick Teslas. Old people living is a fucking waste, buy a Tesla. Just push an old person into the road next time you see them and make it quick. Not like you'd lose sleep over it.
Tesla got lucky being perceived as a tech company with gigantic valuations. At one time, I think Tesla was worth more than all car companies combined at $500/share or whatever it was at. Any losses they incurred for years can be easily covered selling some shares. If this company was more modestly priced at share value and market cap to Ford who has always been a steady performer that even pays a dividend, Tesla wouldnt exist today.
 
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Punished Miku

Human Rights Subscription Service
Sure, totally. I didnt vote for the guy. Guess we should be seeing a congressional investigation any second now. Barely even been 2 months so all the same people are there. Keep fighting corruption.

You agree that is also what Musk is doing right? White House ad in the lawn with the president right as his personal wealth is dipping. Government contract the next day with the only ally we haven't cut off aid for. Starlink contracts fast tracked illegally. Armored Tesla contract pushed through for US department of defense for $400 million. All while illegally cutting our most sensitive programs and illegally firing thousands of people. You agree right? Surely you must. Like, obviously. Right?
 
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ADiTAR

ידע זה כוח
You agree that is also what Musk is doing right? White House ad in the lawn with the president right as his personal wealth is dipping. Government contract the next day with the only ally we haven't cut off aid for. Starlink contracts fast tracked illegally. Armored Tesla contract pushed through for US department of defense for $400 million. All while illegally cutting our most sensitive programs and illegally firing thousands of people. You agree right? Surely you must. Like, obviously. Right?
I def don't get what's going on, and it does feel very off in every way.

I don't know if he's illegally firing people, there's a lot of government waste and prob fraud. Not sure if he's the one to stop it.
 

StreetsofBeige

Gold Member
I def don't get what's going on, and it does feel very off in every way.

I don't know if he's illegally firing people, there's a lot of government waste and prob fraud. Not sure if he's the one to stop it.
Trump and Musk are simply going scorched earth on everything from tariffs to firing people. And if it has to be rescinded that's ok. Nobody is expecting to bat 1.000. But if they can bat .500 it's better than batting zero.

There's so much gov waste (in any country I bet) it's laughable what's been uncovered in only 2 months.

The best one lately is there's a multi year contract for a company to water 8 plants at the pentagon or somewhere. Price of contract: $50,000. Musk cancelled it and said people at the building will water it themselves.

If Musk and gang can find such blatant silly crap in 2 months, just imagine what the tally will be after 4 years. Its insane how nobody cares at gov too. No company in the world would do such a stupid contract unless there was obvious code of conduct/bribery shenanigans going on. At least the key difference is a company is private and only has so much money. And people get paid more and bonuses the better the company does. Gov is taxpayer money, unlimited printing money, unlimited debt, so nobody ever gives a shit.
 
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Punished Miku

Human Rights Subscription Service
Trump and Musk are simply going scorched earth on everything from tariffs to firing people. And if it has to be rescinded that's ok. Nobody is expecting to bat 1.000. But if they can bat .500 it's better than batting zero.

There's so much gov waste (in any country I bet) it's laughable what's been uncovered in only 2 months.

The best one lately is there's a multi year contract for a company to water 8 plants at the pentagon or somewhere. Price of contract: $50,000. Musk cancelled it and said people at the building will water it themselves.

If Musk and gang can find such blatant silly crap in 2 months, just imagine what the tally will be after 4 years. Its insane how nobody care at gov too. No company in the world would do such a stupid contract unless there was obvious code of conduct/bribery shenanigans going on.
Just gotta find 8 thousand gardening crews to cut and he can cover the cost of having the government give him $400 million for armored Teslas. 7,999 to go and we can break even.

He could also pay back the 36 billion he already received with interest. He has it.
 
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ADiTAR

ידע זה כוח
Just gotta find 8 thousand gardening crews to cut and he can cover the cost of having the government give him $400 million for armored Teslas. 7,999 to go and we can break even.

He could also pay back the 36 billion he already received with interest. He has it.
but doesn't he also in contract with NASA who don't have his tech for rockets?

And I honestly don't really care if it's Tesla getting the deals, because the previous admin prob gave other companies similar deals. Don't be naive in thinking Trump and Musk are the first ones doing this, Biden also road a GE car I think and gave contracts. They all do it.

I get it all seem sketchy, but government is now days. Everything is fucking corrupt. My only concern is does it get good to people. And we'll see.
 

StreetsofBeige

Gold Member
but doesn't he also in contract with NASA who don't have his tech for rockets?

And I honestly don't really care if it's Tesla getting the deals, because the previous admin prob gave other companies similar deals. Don't be naive in thinking Trump and Musk are the first ones doing this, Biden also road a GE car I think and gave contracts. They all do it.

I get it all seem sketchy, but government is now days. Everything is fucking corrupt. My only concern is does it get good to people. And we'll see.
Musk has had federal contracts for years. It's not like these armored teslas is the first deal ever with the US.

What people dont like is Trump and gang finding lots of wasteful spend in only 2 months and showing the public how stupid these costly deals have been going on forever. Most people would agree that cutting back on dumb spend is a good thing to do. It's just a matter of people putting in time to dig into the weeds and uncover stupidity.

But some people who dont like Trump will always go against what he does. And some people will always trend to the grab bag side of the spectrum and if some people or businesses can scam the gov (or person or business) for buckets of money it's all good.
 

Atrus

Gold Member
If Musk and gang can find such blatant silly crap in 2 months, just imagine what the tally will be after 4 years. Its insane how nobody cares at gov too. No company in the world would do such a stupid contract unless there was obvious code of conduct/bribery shenanigans going on. At least the key difference is a company is private and only has so much money. And people get paid more and bonuses the better the company does. Gov is taxpayer money, unlimited printing money, unlimited debt, so nobody ever gives a shit.

This is actually the wrong way to go about saving money and building wealth. Materiality should come into play when addressing risks and spending time on low hanging fruit is just a costly distraction because time is money. If a professional comes to your table with something the security guard could conclude, then you aren’t getting professional work.

Playing rat catcher is also a small part of the story because the best recommendations are the ones that prevent losses before they occur, so the majority of the time would focus on strengthening the regulations, controls and oversight; the very thing politicians include as “red tape” be cause it holds their spending accountable.

Unfortunately, real work is less of an entertaining performance than wielding chainsaws and trying to impress people about $1,300 coffee cups on a multi-trillion dollar organization.
 

ProtoByte

Weeb Underling
IRS staff aren't a drain on any spending. They are how we get the money for all spending, and they only can collect what is already legally supposed to be collected.
Most of the big private companies are probably still overstaffed despite laying off 10s of thousands. The IRS has almost 85k employees. If you seriously think that they're working anywhere near efficiency, I have a bridge in Brooklyn for sale.

Simplifying the tax code is a legislative project.
And key to the conversation around taxes. Pretending like these things exist in a vacuum (conveniently unless it's legislation being passed through congress with a title relating to A and content relating to Z1-U90) is ridiculous.

How do you catch all the people skimping out on their taxes by slashing the IRS?
People skimping out on taxes is the least of the problem. 1 trillion dollars is being spent on debt interest, and the deficit is still at most of 2 trillion. Hate to say it bud, no amount of black market activity, offshore tax havens (which is called "evasion", but it's literally allowed by law, just have to spend a lot of money on accountants and lawyers to do it) is going to solve 3 trillion dollars every year on the year. If it did, even partially, the current mentality in government would just be to just take it as permission to spend and print more.
 

Rentahamster

Rodent Whores
People skimping out on taxes is the least of the problem. 1 trillion dollars is being spent on debt interest, and the deficit is still at most of 2 trillion. Hate to say it bud, no amount of black market activity, offshore tax havens (which is called "evasion", but it's literally allowed by law, just have to spend a lot of money on accountants and lawyers to do it) is going to solve 3 trillion dollars every year on the year. If it did, even partially, the current mentality in government would just be to just take it as permission to spend and print more.

So your solution is to cut the IRS, whose budget is $16 billion (in 2023), which makes up a grand total of 0.26% (16 billion divided by 6.13 trillion times 100) of the federal budget? Whose job it is to collect the very same revenue you need to reduce the deficit and debt?
 

Ozriel

M$FT


The Nazi who sells cars to Israel ???

But what happened to the narrative???

Oh, maybe the narrative was total bullshit propaganda???


Netanyahu will do anything to keep his buddies happy.

Dude backstabbed Zelensky at the UN just last week. and Zelensky is a Jew who has stood in support of Israel at every opportunity after October 7th!

But this is quite the interesting trend. Waiting for Viktor Orban and Putin to announce similar Tesla orders so you can also jubilate
 
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Mr Reasonable

Completely Unreasonable
The best one lately is there's a multi year contract for a company to water 8 plants at the pentagon or somewhere. Price of contract: $50,000. Musk cancelled it and said people at the building will water it themselves.
I can't believe that isn't coming up when I Google, it sounds ridiculous!

All of Musk's efficiency drive is, I would bet, about trying to flatter his ego and find a job that sort of fits with what he thinks his image could be. A business brained genius who gets shit done. It's like when He very publicly took the $44Bn company Twitter and made it a much more efficient company by firing everyone. And it is better now. That drive made the $44Bn, sorry there's a mistake there, that drive made the $12.5Bn company much more efficient. It's obvious why the president might want his help. Looking at the US stock market, it would appear they have similar ideas about how this should work.

I genuinely can't work out if the total insanity coming out of the white house is just that, or if it's an incredible game of 4d chess that is being played. Fans of Trump and Musk will no doubt realise that the chaos comes as a torrent, so much and so fast that the news can't actually keep up. Is that the plan?

Who's going to pose the question about the taxation that favours the richest and punishes the poorest when that was a story weeks ago?

Trump is turning Gaza into a beachfront resort complete with an insane promo video with dancing bearded ladies, He's blaming Zelenski live on TV for not just ending a conflict by giving his country to Russia, he's starting trade wars with the country's nearest neighbours, he's doing a press conference at the White House to promote Tesla with Elon Musk (and his living prop, his son) as a response to the public falling out of love with Musk and his companies. Who knows what he'll be up to by the end of Friday?

All the accusations of sleaze, cronyism, back door dealing barely have time to register because though they gave another $400m to Elon, nobody is talking about that because he's swinging a silver chainsaw around and making a noise a bit like: "arrrhhhh" and trying to convince you he saved $50k on plant watering.
 
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ProtoByte

Weeb Underling
So your solution is to cut the IRS, whose budget is $16 billion (in 2023), which makes up a grand total of 0.26% (16 billion divided by 6.13 trillion times 100) of the federal budget? Whose job it is to collect the very same revenue you need to reduce the deficit and debt?
I didn't say cut the IRS completely, I said slash in response to Miku suggesting they should be TRIPLED in headcount. More important than that is simplifying the tax code. More important than that is getting spending under control.
 

a'la mode

Member
I def don't get what's going on, and it does feel very off in every way.

I don't know if he's illegally firing people, there's a lot of government waste and prob fraud. Not sure if he's the one to stop it.

They say "draining the swamp", but the pumps are in reverse. Trust what you see, not what you are being told.

Most of the time reality is exactly as dumb as it seems to be - people really just don't have the capacity, intelligence or otherwise, to play 4d chess like they do in television dramas.
 
Musk is actively taking over other government functions with his companies ”for efficiency”, selling his ugly cars to the government and people still believe he is doing this for people?

And his rockets get government funding for christs sake. :D
 
No, Ukrain has not voted once for Israel since and before Oct 7th.
Really?
 

ADiTAR

ידע זה כוח
Ukraine has abstained from voting in every single UN vote against Israeli interests in the past few years.

Abstention is pretty much tacit support, as these things go.

Zelensky himself has repeatedly stuck his neck out and made verbal statements siding with Israel.

Wrong. And abstention is not support or yes. I was wrong, MisterFalcon, you found one yes vote, that's wonderful.

Let's get to the topic at hand.
 
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Punished Miku

Human Rights Subscription Service
I don't know if he's illegally firing people
"The judge ordered six federal agencies - the departments of Defense, Veterans Affairs, Agriculture, Energy, Interior and Treasury to reinstate recently hired or promoted probationary employees who were terminated by the Trump administration. [...] lacked the authority to order the firings and did so unlawfully. [...] also said the Trump administration tried to circumvent protections for federal workers by falsely claiming the reason for their termination was their 'performance.' "

A second judge agreed in a separate case in Maryland yesterday. And there's more court cases as well. The question now is whether they comply with rulings from the judges, or just try and ignore the rule of law because they don't have an army. That's where we're at.

In case you don't believe the last part, that's well documented as well.



"Judges aren't allowed to control the executive's legitimate power."
- JD Vance, 02/10/25

You may remember from junior high civics class that judges are allowed to do that. We have 3 equal branches of government for that exact reason.

And just to make it even clearer, when you start ignoring laws we're literally at the political violence stage. It means there's no law, and it's might makes right. Dictator vs revolution. Literally.
 
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Toons

Member

Wrong. And abstention is not support or yes. I was wrong, MisterFalcon, you found one yes vote, that's wonderful.

Let's get to the topic at hand.

Biden said "Putin cannot remain in power" while he was in office.

Trump tried to tell us that Ukraine started this war after we all watched Russia waltz in and start blowing things up. Elon Musk rescinded Starlink aid to Ukranian soldiers even before Trump was in office.

Bidens gone, and who you have now are two people willing to sell out an invaded nation to the invaders, and openly pissing off long time allies like bullish idiots. Maybe think about what kind of precedent is being set here.

Elon doesnt give a rats ass about israel.
 

AJUMP23

Parody of actual AJUMP23
Let me get this straight - highest elected public official of the land simping for a private business is normal? You don't see a problem with that?

Biden drove a Jeep Wrangler around the lawn of the whitehouse. Ford won't like what Trump did, but he should probably have Ford and Chevy come and buy those too.
 

Mr Reasonable

Completely Unreasonable
Let me get this straight - highest elected public official of the land simping for a private business is normal? You don't see a problem with that?
I absolutely do see the problem with it. Here's me directly addressing the capitol car dealership:


But in the post you quoted, what I'd done there is pointed out that Elon Musk is apparently using the same strategy in the government as he used with Twitter, a disastrous strategy that saw the value of the company fall through the floor.

I was doing a bit of a joke when I said the president would want help from him, since most people might pause and ask if he's really able to improve efficiency without massive economic damage being a possible outcome.
 
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Venom Snake

Member
Biden said "Putin cannot remain in power" while he was in office.

Trump tried to tell us that Ukraine started this war after we all watched Russia waltz in and start blowing things up. Elon Musk rescinded Starlink aid to Ukranian soldiers even before Trump was in office.

Bidens gone, and who you have now are two people willing to sell out an invaded nation to the invaders, and openly pissing off long time allies like bullish idiots. Maybe think about what kind of precedent is being set here.

Elon doesnt give a rats ass about israel.

I hope this doesn't become a trend: one invades neighboring countries, the other offers "peace" in exchange for resources and the rest can either fuck off or be blackmailed.
 

AJUMP23

Parody of actual AJUMP23
And Henry Ford was sitting next to him too.
IF it was someone the left liked and was a liberal president they wouldn't care and the right would be up in arms about it. It is all performative outrage for the most part.

I want to shrink the size of government, so I hope we get that out of all of this. Reduce government by 50% across the board. Defense too.
 

Punished Miku

Human Rights Subscription Service
In the media absolutely.
It's just not true. There are real life, measurable material impacts that people are upset about. You can agree or disagree but suggesting people are faking being outraged is absolutely absurd. Domestic terrorism is starting to slowly simmer. Social security staff and offices are being shuttered. Tens of thousands of people have been fired, illegally. Thousands of poor and vulnerable people have already lost health care with Medicaid cuts. Evilore highlighted a veteran that's likely to die because his clinical cancer trials just got shut off abruptly, illegally. The stock market is tanking more every day. What are you even talking about? Do you think Canada and Greenland are performatively outraged? Or Germany? Or Poland?
 
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Mr Reasonable

Completely Unreasonable
IF it was someone the left liked and was a liberal president they wouldn't care and the right would be up in arms about it. It is all performative outrage for the most part..
I don't think it is in this case, and I'm being 100% honest. For a start, I think there's no problem whatsoever in a president being seen in a car made by a US based company. Here in the UK, it made the news when the Prime Minister stopped using a UK manufactured car a couple of years ago, which had always been the case before. It's just sensible to give local firms the seal of approval / to not slight them by using an import or whatever, imo.

I also don't think it'd be such a big deal for the US government to use Teslas, if they met the criteria needed.

This isn't the same thing though, Trump was literally standing there with a price list in his hand. It wasn't just an endorsement, it was a salesman at work!

As for Musk, I think any government that handed over so much power to someone who is so erratic, and has some real questions over his motivations for taking a role in government would get pushback, from all sides. I think it's unrealistic to try and divide people into two sides, the left and the right. There'll be loads of people you'd consider on the right who think that Musk and Trump are terrible for the country and will be despairing at the self inflicted harm being done as witnessed on the stock market, the international tensions and the questions over their loyalty to other states.
 

Ozriel

M$FT
IF it was someone the left liked and was a liberal president they wouldn't care and the right would be up in arms about it. It is all performative outrage for the most part.

I want to shrink the size of government, so I hope we get that out of all of this. Reduce government by 50% across the board. Defense too.

“If this grandmother had a penis she’d be a grandfather”

It’s bloody lazy to make it a ‘right vs left’ thing when it should be reasonable people being against shit that doesn’t make sense.

You’re other there watching Musk shit on US allies and burn decades of U.S. influence and soft power projects just for sound bites and you’re going “it’s just those damn leftists”

Why are some of you like this?
 

Rentahamster

Rodent Whores
I didn't say cut the IRS completely,
I know you didn't, nor did I imply you did intend to cut the IRS completely. I gave you the numbers with the implication that the total expenditure of the IRS is not even one percent of the total budget. Relative to how important the IRS is, that looks like a good deal. You said "slash". What is your ideal slashing number?

I said slash in response to Miku suggesting they should be TRIPLED in headcount.
Uh, so what? Slash the IRS means slash the IRS regardless of what Miku said.

More important than that is simplifying the tax code. More important than that is getting spending under control.
You're not getting spending under control by making cuts to less than one percent of the federal budget and reducing our nation's capacity to collect revenue.
 
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