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   Paul Cantrell (inthehands@hachyderm.io)'s status on Saturday, 07-Jun-2025 01:38:22 JST Paul Cantrell

   • Laffy

   What’s really fascinating about this graph is that used Tesla prices started plummeting circa fall 2022, about the time Musk wrecked Twitter, 2.5 years •before• the #TeslaTakedown movement started.

   What’s killing Tesla? It’s not just the protests. The brand was already fundamental damaged. Protests simply gave coherence to a disgust that was •already• powerful and widespread.

   Musk is permanently radioactive. Institutional investors take note — and get out while you can.

   (ht to @GottaLaff for the link)
   https://bsky.app/profile/did:plc:z6rujpf4u56jfie7aqic2nfg/post/3lqxairloqc2n

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Saturday, 07-Jun-2025 01:49:26 JST Paul Cantrell

     in reply to

     • Alessandro Corazza

     A good counter-explanation from @alessandro, although it’s not entirely consistent with the data: if this were merely aging vehicles, we’d expect to see a slow, steady decline. But we don’t; we see a •very• sharp turnaround that coincides precisely with Musk’s fascism entering full public view, and not with any sort of sudden aging event in the vehicles.

     But yes, surely normal depreciation is a contributing factor as well.
     https://mstdn.ca/@alessandro/114637425697204963

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Saturday, 07-Jun-2025 01:54:16 JST Paul Cantrell

     in reply to

     Just to spell it out, because there are people who really do not get it yet:

     Even if the protests blow over (they won’t, but even if), even if Musk gets his filthy nose out of politics (he won’t, get real, but even if), even then, the public will still remember that Musk is a Nazi and the Tesla brand will still be toxic.

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Saturday, 07-Jun-2025 01:56:57 JST Paul Cantrell

     in reply to

     Sorry, investors, Tesla is simply not going to expand to be larger than •the entire rest of the auto industry• as your “buy” recommendations implicitly posit.

     If they make robotaxis, the public will see them as Nazi robotaxis. If they make robots that aren’t just demo smoke and mirrors, the public will see them as Nazi robots.

     Your money is in the Titanic of car brands. Get it out while you can.

   • Embed this notice
     mike bayer :python_logo: (zzzeek@hachyderm.io)'s status on Saturday, 07-Jun-2025 02:05:10 JST mike bayer :python_logo:

     in reply to

     @inthehands musk could step down as CEO. He could do a whole Travis Kalanick routine. Brands like Mercedes, Volkswagen heck even Ford survived their nazi / fascist roots .

     More simply I think if Musk could just stay out of the headlines and off X (this part is likely impossible as long as he's a drug addict), the public would move on (but I think a resign is what he'd need given who he is)

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Saturday, 07-Jun-2025 02:12:54 JST Paul Cantrell

     in reply to

     • Ben Thompson 🐕

     @jbenjamint
     That can explain the up but probably not the down; see here: https://hachyderm.io/@inthehands/114637498453224999

   • Embed this notice
     Ben Thompson 🐕 (jbenjamint@mastodon.scot)'s status on Saturday, 07-Jun-2025 02:12:55 JST Ben Thompson 🐕

     in reply to

     • Alessandro Corazza

     @inthehands @alessandro I think the spike upwards before the fall is due to high demand at a time of supply chain disruption during COVID.

     Same thing happened in the bike industry which I know better. Lots of disposable income (no one going on holiday), huge boom in demand (including used vehicles) at the time of supply disruptions, huge crash once supply caught up.

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Saturday, 07-Jun-2025 02:13:42 JST Paul Cantrell

     in reply to

     • craignicol
     • Laffy

     @craignicol @GottaLaff
     I’d say that’s probably reading the graph a bit too closely; there’s a lot of noise and a lot of factors here, and details that subtle are hard to tease out.

   • Embed this notice
     craignicol (craignicol@glasgow.social)'s status on Saturday, 07-Jun-2025 02:13:44 JST craignicol

     in reply to

     • Laffy

     @inthehands @GottaLaff harder to make out but is there also a increasing drop in late 2023 when the Cybertruck came out?

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Saturday, 07-Jun-2025 02:16:18 JST Paul Cantrell

     in reply to

     • mike bayer :python_logo:

     I know some of the money is thinking what @zzzeek says here. The trouble here is that Tesla is currently wildly, absurdly, comically overvalued wrt its fundamentals, and there are really only two rationalizations for that:

     (1) Musk is a brain genius who will innovate the company into magic unicorn fairyland of world domination.

     (2) Musk has Trump on a leash and will reap the benefits of kleptocratic plundering of the US Federal budget.

     Both of those explanation depend on Musk remaining at Tesla. If he leaves, there’s little reason for the P/E ratio not to correct to normal car company levels — which would mean a stock price drop of >90%.

     https://hachyderm.io/@zzzeek/114637505037473139

   • Embed this notice
     joui (maz@mastodon.online)'s status on Saturday, 07-Jun-2025 02:20:35 JST joui

     in reply to

     @inthehands #Edolf did not even pioneer nazi car manufacturing: VW/Porsche cf. KdF vehicle, Audi fka Horch, Ford etc. and these brands are still selling.

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Saturday, 07-Jun-2025 02:20:35 JST Paul Cantrell

     in reply to

     • joui

     @maz
     Yup, that’s what people keeping their money in Tesla are thinking. And if they think VW’s situation is the same as Tesla’s, I have some swampland they can invest in too.