The tax credit yes. However, Hyundai has been reducing the price of the Ioniq 5 and 6 by $7,500 for months now.
Tesla stock price
- Thread starter R P
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What will contributing $45,000,000/month to a pro-Trump super-PAC buy Elon (besides a bigger tax-break) if Trump wins?
goaheadbackup
Member
Certainly NOT a conscience . . .
For Elon or Tesla?
Elon's the one putting up the massive bucks, so he, not Tesla, will be the one with Trump's ear (no pun intended). Of course, Tesla could then benefit if Elon makes the request. Perhaps he will ask for the elimination of IRA tax credits for any EV not made by Tesla. Those who don't like that plan will have to file lawsuits and take those lawsuits to the Supreme Court.
History shows Trump is especially cruel to those who work for him. Regardless Elon and I both make political donations:
Bob Wilson
ps. Reporting myself to the moderator.
R P
Well-Known Member
After Trump's speech last night, not sure how Elon Musk can reconcile his support for Trump. If Trump wins, EV mandates are gone, and sounds like we will be going backwards with the EV transition.
If Trump wins, Toyota could be a big winner, as long as they have their US plants.
If Trump wins, Toyota could be a big winner, as long as they have their US plants.
Elon also bought Twitter/X which remains all but unusable. Yes, the software is less bad but the cacophony remains deadening. Twitter/X was useless before but now I have to spend my time "blocking" the bovine fecal matter authors.
Elon often says, 'take away 10% until you have to add it back.' A simple, necessary rule that works. General Electric is a prime example when this led a fortune 50 company becoming a fortunate to survive.
Bob Wilson
R P
Well-Known Member
Well, it should help bring down inflation, at least for cars. And Tesla better have that new cheap EV ready.
I think the domestics will do OK with the revival of their gas guzzlers. They are going that way already, cutting EV production and plans for new EV plants.
Curious: https://www.theguardian.com/technol...nald-trump-donations-denial-super-pac-america
Looks like Wednesday will be a good day to buy TSLA. <SSSSHHHHUUUUSSSSHHHH!> Don't tell anyone,
Bob Wilson
Tesla CEO Elon Musk has denied reports that emerged last week that he was planning to donate $45m a month to a Super Pac focused on getting Trump elected.
On Tuesday, Musk appeared on Jordan Peterson’s show, where he said the claim was “simply not true”. “I am not donating $45m a month to Trump,” he said.
“Now what I have done is that I have created a Pac or Super Pac or whatever you want to call it,” he said. It is called the America Pac.”
After the Peterson interview, Musk replied on X to a clip from the interview saying, “Yeah”, and to another tweet referencing the reports saying, “Yeah, it’s ridiculous. I am making some donations to America PAC, but at a much lower level and the key values of the Pac are supporting a meritocracy & individual freedom. Republicans are mostly, but not entirely, on the side of merit & freedom”.
On Tuesday, Musk appeared on Jordan Peterson’s show, where he said the claim was “simply not true”. “I am not donating $45m a month to Trump,” he said.
“Now what I have done is that I have created a Pac or Super Pac or whatever you want to call it,” he said. It is called the America Pac.”
After the Peterson interview, Musk replied on X to a clip from the interview saying, “Yeah”, and to another tweet referencing the reports saying, “Yeah, it’s ridiculous. I am making some donations to America PAC, but at a much lower level and the key values of the Pac are supporting a meritocracy & individual freedom. Republicans are mostly, but not entirely, on the side of merit & freedom”.
Looks like Wednesday will be a good day to buy TSLA. <SSSSHHHHUUUUSSSSHHHH!> Don't tell anyone,
Bob Wilson
Bruce M.
Well-Known Member
Musk continues to be a delusional psychopath who will take his company down with him if the board and shareholders let him. It's not a question of if, it's a question of when.
Have you read the Elon Musk biography?
Bob Wilson
Bob Wilson
I am reading: https://www.sec.gov/Archives/edgar/data/1318605/000162828024032662/tsla-20240630.htm
Complaints about Elon reminds me of the old joke:
Bob Wilson
- Total assets: $112,832 m
- Total liabilities: $45,569 m
- Total revenues: $25,500 m
- Gross profit: $4,578 m
- Research and development: $1,074 m
- Net income: $1,494 m
- Total gross margin: 18.0%
Complaints about Elon reminds me of the old joke:
- My uncle thinks he is a chicken.
- Have you taken him to a psychologist?
- No, we need the eggs.
Bob Wilson
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Unfortunately, almost 20% of their automotive gross profit came from regulatory credits last quarter.
Is that a good thing for a guy who doesn't think he needs government help?
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R P
Well-Known Member
Musk has done a lot of things right with Tesla, incl cutting costs and reducing prices to move inventory. But I don't understand his seemingly tunnel vision focus on FSD and Robo Taxi. It should be about new products to replace the aging current fleet esp a new cheaper EV that the new buyers can afford.
Losing market share is inevitable with more competitors, but of more concern is losing sales. Prior comps to last year are not good. Not sure how much more room he has to cut costs, but eventually you run up against your hard fixed costs. And lowering prices also has its limits, as it will more quickly put your bottom line in the hole.
The stock will continue to have ups and downs in the next six months, but I don't see anything yet that will push it higher in the longer term.
Losing market share is inevitable with more competitors, but of more concern is losing sales. Prior comps to last year are not good. Not sure how much more room he has to cut costs, but eventually you run up against your hard fixed costs. And lowering prices also has its limits, as it will more quickly put your bottom line in the hole.
The stock will continue to have ups and downs in the next six months, but I don't see anything yet that will push it higher in the longer term.