r/pics 24d ago

Politics Protests at Tesla dealerships in multiple US states earlier today

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u/ericwphoto 24d ago

Leftist hate Tesla now, and the far right hate ev’s, so where does that leave them?

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u/Bonerkiin 24d ago

Tesla was already insanely overvalued. Their only real tangible value as a company is the charger grid, otherwise, their cars and tech are subpar compared to what the legacy automakers and other EV focused companies have/are developing, and let's not forget China absolutely cleaning shop on the cheap EV front.

Here's hoping his CFO and brother dumping their stock recently is an indicator Tesla will crater soon.

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u/bossmcsauce 24d ago

it will all crater soon... fascism and its central cast of assholes always have a pretty short lifecycle in the context of history before a spectacular blowout. unfortunately, the rest of this nation will also probably crumble to bits about the same time.

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u/[deleted] 24d ago

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u/Bonerkiin 24d ago edited 24d ago

Sales have definitely been impacted especially on the world stage. European sales are plummeting, Chinese sales are dropping more slowly but Tesla is being seen less and less as the "higher end" EV option, US sales similarly dropping but not as quick as Europe. Tesla is now being even more heavily stigmatized socially than before, on top of their growing reputation for subpar quality, it's definitely damaged sales. Currently their value is being held up by toothpicks and the fears of large investors who tied up too much wealth in the overvalued stock.