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Burning Teslas is stupid and wasteful. All this does is get Elon a free check from the insurance company.
Protesting and stigmatizing buying a Tesla works better.
Nothing is free with insurance, they just add it to your future bills.
Fuck being "wasteful". It makes consumers think twice about buying one, which is the actual intended consequence.
Elope doesn't care about the insurance payout on a handful of undelivered units. Theres been like <30 cars burnt so far. Manufacturers lose hundreds of vehicles to random damage and acts of god every year.
But the brand damage and resulting tens of thousands of lost sales caused by consumers seeing this and thinking "I may be a target if I buy this car".... THAT makes a dent in the bottom line, and is market pressure working as intended.
Also can impact the insurance rates - https://www.newsweek.com/tesla-insurance-costs-could-surge-amid-anti-elon-musk-vandalism-2044675
Maybe if you are are someone who expects change to just magically "appear" and for the system to simply correct itself so that they can go back to consuming.
Protest without the ultimate threat of force behind it is a parade.
Steal them and strip them for their batteries and parts instead.
I’ve never heard it worded this way, before, but it sums up something that has been bothering me about modern protests: they are parades.
Protest is supposed to be disruptive
Eventually, it might make Teslas uninsurable.
No, it bring attention to him being a shitbag. Burn them all down.
If this keeps up, no insurance company will insure Teslas anymore. I'm fairly sure the prices for that have already gone up and will continue to do so. It's a high-risk asset now.
Elon doesn't get anything. Well unless the troglodyte having his Tesla just burned down goes out and buys another in hopes this one won't combust or see him on the wrong side of a mob.
Exactly. If they weren't going to sell, and signs are pointing that they aren't, then the vandalizing is just giving them money via insurance as stated.
And leave the people alone that already had Tesla's prior to Musk going mask-off. They were trying to be part of the solution (moving to EVs) and there's no reason to harass/attack/vandalize them.
But definitely point and laugh at anyone going out and buying a Tesla now.
It raises the price they have to pay thousands of other teslas, and if it happens enough, insurance will drop them. Insurance companies don't want to pay out, and they will pull coverage when it becomes too expensive for them to insure.
I just came across this relevant article this morning.
Absolutely. Insurance companies are in the business of not paying insurance claims. They're not in the business of just wantonly giving out money. If they pay out to a client often enough, they drop that client. It's even worse for the insurance companies, cause the cars haven't even depreciated in value yet, they're still on the lot and unsold. Their retail value is set, and every swasitruck that burns, is another $100k payout. Insurance companies will only pay out so many times before their risk assessment team says it's not worth it.
And once you're dropped from one company cause you're a high risk, every other insurance provider raises their rates for you, or they refuse because they don't want the loss.
Burn enough swastikars and there's no insurance, and that's when you start to literally burn his money.
Be that as it may, you're not going to get me to even tacitly endorse arson. Sorry not sorry.
I'm prefacing this clearly; I'm not endorsing anything here.
The current regime is restricting healthcare, trying to legislate people out of existence, and straight up disappearing people. Suffragettes torched and bombed.
That's great.
Nobody cares if you gasp at the sight of protest outside of the designated protest area . Just like nobody cares if you disapprove of a picket line blocking a road because how dare they.
Like what is the end goal here put Tesla out of business? Does anyone believe this would hurt Elon? Say Tesla went bankrupt, so now Elon musk would be worth $230 billion instead of $330 billion. He would live his life exactly the same but now thousands of normal people are underwater on their cars. How is this "winning"?
What am I missing here?
TSLA market cap $766B. That’s a nice loss, if it could be achieved.
Besides, what you’re missing is quite obvious: the only thing that musk understands is fear. Make your own inferences.
You understand that he only ownes 10 or 15% of Tesla. The majority of that is probably held by index funds and other peoples 401ks. So again normal people would loose a lot of money.
If Tesla went bankrupt it would literally be a drop in the bucket for Musk. Also what would he fear? He can pay for his own boat or literal island and security. Saying people should go after musk vs go after anyone who drives a Tesla is very different.
$TSLA is a huge, bloated bubble filled with nothing but hype. If they were treated by the market as just a regular old car company (like Ford [$F] or General Motors [$GM]), their market cap would be a tiny fraction of what it is currently. Their market cap at the closing bell today is $724 billion, with a stock price of $224 per share. Compare that to Ford (which has more than twice Tesla's yearly global sales figures) with a market cap of $39.4 billion and a stock price of $10 / share. Or to GMC (which has sales figures about 60% higher than Tesla's) at a market cap of $48.4 billion and a stock price of $49 / share.
If Tesla's stock was valued based on their actual business instead of investor hype driven by mind-boggling adoration for their CEO, their market cap would probably be around $20 billion, which with their current number of outstanding shares, would put the price at around $6.20 per share.
Ok, so you might throw out the fact that Tesla also sells batteries and has their hands in AI and other things. Those are all very small parts of their overall yearly business, but the market is also based on future expectations. Let's say that a fair price for their stock would be maybe $10 / share. $12 at the absolute most.
It's at $224 per share today. In December of last year, it hit a high of $480.
$TSLA is the modern version of the Dutch tulip market in the 1630s. Its perceived value bears absolutely zero resemblance to its actual value. You're worried about investors losing their shirts on this, but this shit has been vaporware from the beginning. Anybody who based their investment strategy around Tesla's stock has been playing roulette. Am I supposed to feel bad about them losing because they bet on black instead of red?
That's a lot and totally irrelevant. Who here is arguing Tesla isn't over valued? Not me.
My point was that do you have a pension, 401k or some retirement funds? They you are partially invested in Tesla. Will you lose your shirt, no. Would Tesla going to 0 hurt you more then Musk, probably.
Also dude Tesla releases financial statements. You can read them to find out exactly how it's valued. That's the point of them! All public companies do. Stop copying pasting from random website its not helpful nor did it add anything. Also Dutch tulip theory is a horrible comparison.... Like what....
I'm thinking you guys live in an echo chamber.
Well, first of all, I didn't copy paste shit. Secondly, I think the Dutch tulip theory is a completely apt way to describe something whose price is so completely disproportionate to its actual value. Thirdly, I have been tracking this shit for years, now, and I know a little bit about what I'm talking about.
I understand that a lot of people have tesla in their portfolios, either directly or through index funds. That doesn't change any tiny bit of the point that I was making, which is that the stock is 100% based on hype alone. Stocks based on hype are not reliable - just look at $GME. So whining about the stock going down because people are mad at Elon and torching a few cars is fucking dumb. The stock could go down because of a rumor, or because Elon says something stupid at a convention, or because of any number of things. It's vapor.
Okay well your numbers are wrong based on the financial reporting. They do hold physical assets, land, machinery, buildings etc and that alone would value them higher than 12 bucks for starters.
Second, if you're confident in your theory short the stock and report back in a year how that went. Then you can show youre correct irrefutably. Based on what you're saying you will be rich.
Bro... do you think that Ford and GMC don't own land, machinery, buildings, etc? That's part of the fucking valuation.
And christ - the market is completely irrational. It valued a piece of shit like $TSLA at $480, for fuck's sake. No telling what the fuck is going to happen in a year. Your supposition that the market will do what it's "supposed" to do to poorly valued stocks indicates that you don't have a whole lot of experience staring that particular beast in the mouth.
I don't think you understand how valuations work. Also it looks like you don't read your own comments? Maybe you're a bot?
The market behaves like it should over the long run. How do you think so many people are able to make soo much money. The thing is Tesla is a highly valued stock. Like most other stocks with high PE ratios they have the potential to make a lot of money in the future. So people are taking a calculated risk. Investors aren't basing their valuations off keyboard warriors in their mom's basement. Read the financials and see why people value it higher than Ford and gmc. It's in there. Do I personally agree no but others do. This same basic fact pattern applies to all companies.
Based your theory above you should never invest in the market as there is no rhyme or reason why anything happens? Let me guess you're one of those people who sits home all day blaming everyone else cause they have no job or money? You do you brooo
My guy. Jesus. Just stop. Please don't tell me that you think that Tesla, a car company with a bit more than a third of the global assets of Ford, and with less than half their yearly sales, should have a market cap 18 times higher than them. You're embarrassing yourself.
Tesla's valuation, in a rational market, would (like most other stocks) be in line with their industry. You take the assets, subtract the liabilities, and multiply by an industry-specific value to represent their potential for long-term growth. For Ford, that value (PE ratio) is 6.90. For GMC, it's 7.73. Since Tesla has far fewer global assets than Ford and GMC (~$122 bn for TSLA, $285 bn for F, and $280 bn for GMC), it would be generous to give them a PE ratio of 7, even with them being involved in industries other than auto manufacturing. Let's say 6.5 would be a reasonable PE.
6.5 times their $7 bn in earnings in 2024 would be a market cap of $45.5 bn, which is almost 16 times lower than their market cap in December of last year.
By any rational metric, TSLA is a bloated piece of shit. The fact that you think otherwise either means that you don't know what you're doing, or you're an idiot.
Hey do me a favor let me know where I said Tesla was properly valued? I'll wait... *Hint you won't. Please read the words.
Again another long rant totally irrelevant and opinion based. Arguing against a point I never made. You're welcome to your opinion that's fine man. I'll be hanging out over here in reality. Take a deep breath go outside touch some grass.
I don’t give a fuck how much he owns. The point is to hose all the fat fucks and to brand him as toxic. And to familiarize those assholes with urgent dread.
This does not accomplish any of that though
Musk's purchase of Twitter was backed by Tesla stock. If the stock tanks enough, that bill comes due.
No it doesn't that not how it works ugh..
We're in this whole mess because people don't think through their words and actions. Anyone advocating blindly going after anyone with a Tesla then you're really no better then Musk.
On that note do I have the answers on how to fix this mess, no, but I know it's not this.
Spoken like a true Enlightened Centrist.
Based on what? That I don't want to burn random people's cars? Yep you got me. Good one dude!
That is how it works in this case. Musk took loans backed by the value of his TSLA holding as collateral in order to fund his part of the twitter purchase. Value of TSLA drops enough, those loans get called.
https://www.nasdaq.com/articles/elon-musk-faces-margin-call-on-loan-used-to-purchase-twitter
https://www.theverge.com/2022/5/25/23141940/elon-musk-tesla-twitter-margin-loan-buyout-deal
I don't know if we have enough visibility into how much he's currently margined to know when he's at risk of getting called again, but it doesn't seem realistic to think that he's not currently margined.
Old articles the deal has been refinanced a few times now. His expose is much lower now. Though yes two years ago this would have been correct.
Thank you for actually taking time to think out a response with relevant sources and not just name calling. This seems to be more rare than it should be. I wish more people were like that.
Basically people pissed off and need an outlet for that but can't see the forest for the trees. 🤷♂️