General Discussion

erronis

(18,147 posts) Fri Jan 3, 2025, 02:45 PM Jan 3

Tesla Is Cooked - Unless Donald Trump gives the company lots of government subsidies -- The American Prospect

https://prospect.org/infrastructure/transportation/2025-01-03-tesla-is-cooked/

The vast majority of Elon Musk’s wealth consists of his large stake in the EV manufacturer Tesla. When Tesla’s stock price nearly doubled following the election, his wealth, at least on paper, soared to over $400 billion.

But that spike plainly has nothing to do with Tesla’s business fundamentals, which are increasingly shaky—and its future prospects are even worse. The company’s best-selling models are extremely old by auto market standards, other automakers are putting up stiff competition—Chinese ones in particular are poised to massacre Tesla in the developing world—its only new model in half a decade is a flop, and Musk’s right-wing antics are poisoning its sleek, environmentalist brand.

Absent more assistance from the incoming Trump administration, on its current track Tesla will be an also-ran in the global EV market within a decade.

The Financial Times reports that after years of very fast growth, in 2024 Tesla’s sales fell slightly for the first time since 2011. It is still the largest EV seller in the world, but only by a tiny margin—China’s BYD, which saw a huge increase year on year, sold 1.76 million EVs, against Tesla’s 1.79 million.

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24 replies

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Tesla Is Cooked - Unless Donald Trump gives the company lots of government subsidies -- The American Prospect (Original Post) erronis Jan 3 OP

No Democrat should give a penny to Elon Musk dalton99a Jan 3 #1

Hell no!!! Initech Jan 3 #5

Yeah sure, I've heard that said for years Polybius Jan 3 #2

Especially since Musk's side-kick trump could impose extreme tariffs on imported EVs. erronis Jan 3 #3

The real crux will come when people recognize that EVs actually do not offer... NNadir Jan 3 #4

One of the reasons Darwins_Retriever Jan 3 #11

Was is the weasel word here jmowreader Jan 3 #7

I chose the 2024 Model 3 this past May Polybius Jan 3 #12

That sounds dangerous honestly EdmondDantes_ Jan 3 #18

Not at all Polybius Jan 4 #23

The lack of turn signal stalk is probably my biggest concern fescuerescue Jan 3 #19

I thought that too Polybius Jan 4 #24

Unless? nini Jan 3 #6

He's going to be even wealthier womanofthehills Jan 3 #10

And when 'he' wants to stop all of your activities, a simple OFF command to his devices. erronis Jan 3 #20

I hope we see some more affordable and ultra efficient EV's from anyone other than Tesla. . CentralMass Jan 3 #8

China is making these right now. We'll see if they can make it to the US market. erronis Jan 3 #9

Tesla isn't just a car company awesomerwb1 Jan 3 #13

Naturally, some of those trillions will trickle on down........... erronis Jan 3 #21

Want to remind everyone... GM, Ford and Stellantis are VERY MUCH against cheap Chinese imports. WarGamer Jan 3 #14

In the '60's, they were very much against cheap European imports, like VW. JustABozoOnThisBus Jan 3 #15

Gosh, that would give him a strong motive to suck up to the presidential candidate tanyev Jan 3 #16

Musk bros out in force BannonsLiver Jan 3 #17

This message was self-deleted by its author CentralMass Jan 3 #22

dalton99a

(87,173 posts)

1. No Democrat should give a penny to Elon Musk

Reply to erronis (Original post)

Fri Jan 3, 2025, 02:47 PM

Jan 3

Initech

(104,070 posts)

5. Hell no!!!

Reply to dalton99a (Reply #1)

Fri Jan 3, 2025, 03:52 PM

Jan 3

I'm not in the market for a new car but even if I was, Tesla would be last on my list.

Polybius

(19,385 posts)

2. Yeah sure, I've heard that said for years

Reply to erronis (Original post)

Fri Jan 3, 2025, 02:48 PM

Jan 3

The Model Y was the world's best selling car, and stocks keep going up. I don't think they are going away anytime soon.

erronis

(18,147 posts)

3. Especially since Musk's side-kick trump could impose extreme tariffs on imported EVs.

Reply to Polybius (Reply #2)

Fri Jan 3, 2025, 02:51 PM

Jan 3

Oh, the possibilities!

NNadir

(35,291 posts)

4. The real crux will come when people recognize that EVs actually do not offer...

Reply to erronis (Reply #3)

Fri Jan 3, 2025, 03:50 PM

Jan 3

...any real environmental advantage since they are dependent on primary energy sources and supplies of materials that are not sustainable.

As the case with all issues in energy and the environment, the issue with sustainability is both the source of primary energy and material. Handwaving and shell games only make things worse.

Darwins_Retriever

(949 posts)

11. One of the reasons

Reply to erronis (Reply #3)

Fri Jan 3, 2025, 04:18 PM

Jan 3

Musk has wedged himself in the Trump assault on Democracy

jmowreader

(51,982 posts)

7. Was is the weasel word here

Reply to Polybius (Reply #2)

Fri Jan 3, 2025, 04:04 PM

Jan 3

The biggest problem Tesla has right now: the first Model Y he ever sold and the one that’ll show up on a truck in front of your house if you buy one today are pretty much exactly alike, except that the first ones were white and the new ones are gray. Compare that to, say, a Toyota Corolla where they’ve completely restyled the car several times over its marketing lifespan. He’s going to have to release new models of his cars if he doesn’t want his customers going somewhere else for their next car.

Polybius

(19,385 posts)

12. I chose the 2024 Model 3 this past May

Reply to jmowreader (Reply #7)

Fri Jan 3, 2025, 04:31 PM

Jan 3

It had a huge makeover, and love the elimination of all stalks (turn signals, parking/drive, etc.). Supposedly, the 2025 Model Y is stalkless as well.

EdmondDantes_

(305 posts)

18. That sounds dangerous honestly

Reply to Polybius (Reply #12)

Fri Jan 3, 2025, 06:14 PM

Jan 3

Doing away with tangible buttons and knobs makes it harder to operate a vehicle. It's annoying on a device when I am not driving, but in a car I need to be able to adjust things without moving my eyes.

Polybius

(19,385 posts)

23. Not at all

Reply to EdmondDantes_ (Reply #18)

Sat Jan 4, 2025, 12:02 AM

Jan 4

It's a lot easier when the turn signals are on the wheel. Your left hand is right there. I don't move my eyes.

fescuerescue

(4,475 posts)

19. The lack of turn signal stalk is probably my biggest concern

Reply to Polybius (Reply #12)

Fri Jan 3, 2025, 06:40 PM

Jan 3

with the design.

I've rented Tesla's lots of times and I don't think I would want to drive one that is stalkless.

(politics aside)

Polybius

(19,385 posts)

24. I thought that too

Reply to fescuerescue (Reply #19)

Sat Jan 4, 2025, 12:03 AM

Jan 4

Now I never wanna go back.

nini

(16,777 posts)

6. Unless?

Reply to erronis (Original post)

Fri Jan 3, 2025, 03:56 PM

Jan 3

Musk will get his companies funded by taxpayers. No doubt.

womanofthehills

(9,549 posts)

10. He's going to be even wealthier

Reply to nini (Reply #6)

Fri Jan 3, 2025, 04:18 PM

Jan 3

Because soon ( late Jan) will be able to do all your banking on Twitter. In the next few yrs you will be able to buy a $20 thousand dollar robot to walk your dog and clean your house. Maybe the robot will be driven to the store by a Tesla & buy your groceries- come home and cook and serve your dinner. Then run your bath and wash your back.