So "X" - nothing to see here. Elon's in control - Part XXX **Threadbans in OP**

A fatwah has certainly been issued against Elon Musk by "the left". Hilarious stuff altogether.

Hopefully in a few years all this divisive rhetoric will be a thing of the past that we can look back and chuckle at.

Damn woke stock market.

Musk has sold 40bn worth of Tesla stock over the last year. Most of those sales were well off Teslas highs.

Obviously there is more than one factor in Teslas stock decline (75% drop in a year). The CEO is one factor though.

Ford & GM have dropped about 50%.

The S&P has dropped about 25% in the same time frame.

Yes, the whole stock market, particularly tech is on a downward trend this last year. However, Tesla is really tanking.

The S&P 500 index is down 20% YTD.

Tesla is down 72% YTD.

The twitter debacle, tesla shares overpriced, China production issues, competition from the other big car companies, all contributing.

The Tela semi has also failed to live up to expectations Musk promised it would not only replace regular trucks but would be more cost-effective than trains. As it turns out, none of that was true and Renault beat Tesla and everyone else to the market.

The Tesla share price has been due a major price correction for years now. At one point I think it was valued more than every other major car manufacturer combined. A lot of this valuation was due to Musk and the faith people had in him. That faith has obviously been shaken.

The valuation was built on the assumption Tesla would dominate the electric car space similar to Ford in the 1910/20s. However for all the hype about Teslas technology every other manufacturer produces electric vehicles. Tesla may still produce better vehicles than the competition but the competition only needs to produce vehicles that are good enough. Tesla is not going to out produce and undercut the competition similar to what Ford did a hundred years ago even under optimistic scenarios.

On top of that to make the advances Teslas historic valuation demands you need the best people you can get. Musks very public firing of staff is going to put those people off joining Tesla/increase the price Tesla needs to pay the staff. Those staff will go to competitor's instead. The Twitter thread about the Tesla truck seems to mirror Musks approach to Twitter itself ie ignore people who understand the industry.

Musks antics at Twitter has brought forward the correction of Teslas share price but at the same time Tesla always had a share price that was difficult to justify based on what they did.

From a Sky News article referencing an email Musk sent to all Tesla staff this evening, referencing the stock collapse.

Unfortunately, he is talking rubbish, as is his recent form.

Right now, Tesla is making cars of the most appalling build quality, using 10 to 12 year old chassis tech and IT.

I have driven most of the EV products from Tesla's main competitors; BMW, Mercedes, Audi, Volvo-Polestar. The very bad news for Tesla, is that apart from a few pointless party tricks, the competition are ALL better. They are built better, they are customer supported better and their continuous development is guaranteed, because we are talking about legendary makers, who can do it right.

Even worse news for Tesla, is that brands who aren't even competing in their price band, are making more attractive EV solutions than Tesla themselves, and more will be launched in 2023 than ever before.

So we've established that Tesla is a disappointment and a failure in many areas (truck and lorries) and its investors are in the horrors.

I don't think it'll be the most valuable company in the World, I think it will either be taken over by another maker soon, or go bankrupt within 2 years.

And so will Elon.

When your CEO's best argument is "I believe....", you know you're in big trouble.

It won't be as fast, which matters little in the real world, but it will be unquestionably better built and enjoy far superior customer support.

A few other of Elon's nightmares that will appear soon.

America's own Lucid Air, far better than a Tesla Model S in every way.

Lexus RZ, the best built cars of all...

Polestar 3, cooler and better than a Model Y

Volvo EX90, better than a Model X

Mercedes Smart small crossover SUV. Euro chic with global ambitions.

And those are just 5 of about 40 global launches, not including Models that just recently arrived like the BMW i7 and iX1