Musk’s Twitter Debacle Spreads to Tesla – Who could have predicted this?

Filed in National by on December 15, 2022

People in the market for a $60,000 battery-powered MAGA hat should wait a few more months when the price drops another $10k or so. Take a look at this chart comparing the cost of a used Tesla to other luxury car brands. The decline in the car’s value could be attributed to a number of things, including the increasing availability of cheaper, better alternative electric vehicle options, but it’s also reasonable to assume that Musk’s trashed reputation as a stable and innovation leader is a reason.

Cargurus.com

At this point, the only way Tesla can boost the price of its car is by adding a coal-rolling feature.

Via BoingBoing

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Jason330 is a deep cover double agent working for the GOP. Don't tell anybody.

Comments (3)

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  1. jason330 says:

    Tesla Stock Dropping Like A Rock

    Tesla’s value is down more than 52% since the Twitter buyout was approved on April 25, while the S&P 500 is only off 5.5%. And Tesla stock is off 29% since the deal closed on Oct. 27, much worse than the S&P 500’s 6.6% gain in that time. Shares are down again Wednesday, by 3.4% to 155.38.

    That’s shredding a jaw-dropping amount of wealth for Tesla investors. The value of Tesla is down $339 billion from the Twitter deal’s approval and $206 billion from the close.

    https://www.investors.com/etfs-and-funds/sectors/tesla-stock-investors-lose-132-5-billion-from-musks-twitter-fiasco/

  2. puck says:

    Tesla features are aimed at a small super elite group of early adopters and noveau riches. Tesla lacks a marketing organization that values new features that appeal to the mass market. That’s why EVs from the traditional automakers will win the war in the long run.

  3. Paul says:

    My Nissan Leaf is the third I’ve leased since 2016. It works smoothly and reliably. The electronics added this year more than make up for the 2019 model’s deficits. It is difficult to imagine how I could be more pleased.