The final chapter of Tesla isn't about innovation. It's about the hubris of a white supremacist who thinks he rules the world. The brand that once promised to save the planet is now a study in how fast one ketamine-addled man-child can drive a company off a cliff.

https://www.theindex.media/nobody-wants-a-nazi-electric-car/

Nobody Wants a Nazi Electric Car

Musk chased right-wing approval, but the only thing he got was declining sales and a dying brand.

The Index.

@Daojoan one caveat: more than 70% of the Tesla shareholders decided (twice!) to award the poor excuse of a person they still have as CEO an extraordinary award of over 50 billion twice because of the “extraordinary leadership qualities” that might have been otherwise lost… that’s on them*.

*those who voted for it both times. However, it seems both votes are considered illegal due to the relationship between Musk and the majority if stakeholders. See, for instance, https://abcnews.go.com/Business/judge-rejected-elon-musks-50-billion-tesla-pay/story?id=116403271

2025-01-30: Edited to clarify that not all shareholders voted for it. In the end, the vote happened twice, and both times has been considered illegal because of the way it was negotiated.

Why a judge rejected Elon Musk's $50 billion Tesla pay package

The compensation package would have made Musk the highest-paid executive ever.

ABC News
@juandesant @Daojoan Not all of them voted in support of that
@skalden @juandesant @Daojoan Yeah, well majority rules, baby. So did they divest afterward? If not, fuck em.
@billOfEarth42 @juandesant @Daojoan No, not the one I think about. The Norwegian Oil Fund (a Norwegian government agency for reinvesting the income from oil taxes), is a big shareholder in Tesla. They voted against the Musk wage package. But did not divest because of this. There is an ongoing debate, though. And some communication between Musk and the director of the fund is made public: https://borsen-dagbladet-no.translate.goog/nyheter/de-hemmelige-musk-meldingene/82589341?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp (Fun fact: The fund is presently worth 3 to 4 times more than Musk.)
Oljefondet og Elon Musk De hemmelige Musk-meldingene

Hemmelig SMS avslører: Verdens rikeste mann, Elon Musk, ba oljefondets sjef Nicolai Tangen om å gjøre opp for seg.

borsen.no
@juandesant @Daojoan the whole Tesla stock itself has been declared "divorced from reality" by some career stock market investors, as its ups and downs don't generally coincide with how the company is doing.

@jhooper @juandesant @Daojoan Just today after reporting TSLA missed earnings expectations, stock went down at market close, and then shot up 4% in aftermarket.

Makes no sense and smells like manipulation.

@ShrikeTron @juandesant @Daojoan manipulation or fanboyism.

@jhooper @juandesant @Daojoan It's back down again to match market close values now that the wider market is open.

Completely that fanboyism and/or manipulation.

@Daojoan yeah, seen people wanting to ditch theor #Swasticar|s ASAP!

  • I wounder when dealerships start sueing #Musk for the losses of people and espechally businesses cancelling orders and flooding the market with cheap, barely driven #Tesla|s...

@kkarhan @Daojoan
There’s a #Tesla dealership under construction in #Vancouver 🇨🇦 with graffiti on the walls already before his Nazi salute

As tariffs get threatened I don’t imagine the place will be making a lot of Canadian sales

Seriously wonder if they’ll complete the project 🚧

@AccordionBruce @kkarhan @Daojoan I’m sure it will be making bank. Lots of cybertrucks menacing ours streets already. We have to remember that even though the man is a fiend, he has millions of fans and millions more are indifferent, and the car is competitively priced.

@villasbc @AccordionBruce @Daojoan only competitive due to #Tariffs banning cheaper & better alternatives.

The #WankPanzer gladly isn't legal in the #EU due to lack of #CrashCompatiility with #Pedestrian|s #Cyclist|s as demanded by EC vehicle class M1 whilst simultaneously failing the criteria for any other class [i.e. M1G for offroad cars!]...

@villasbc @AccordionBruce @kkarhan @Daojoan

They supposedly had 2M pre-orders at one point for the Cybertruck. With the massive price increase and loss of a lot of the hyped features a lot of those were never acted on.

Tesla lumped Cybertruck sales in with the ancient and slow selling Model S and Model X, so we don't have exact numbers, but the estimate is between 30k and 50k trucks sold in 2024, with lots still sitting in inventory. The consensus is closer to 30k.

That's about how many of the aging F150 Lightnings Ford moved. With Ram and GM showing up with credible alternatives this year, I'm pretty sure we're going to see CT sales slide further.

The tell for me is they went from 4 models (S, 3, X, Y) to 5 and still sold fewer vehicles for the year. That should never be the case.

Wishful thinking unfortunately as his closeness to a corrupt fascist government (two if you include China) means Tesla will weather the bad vibe storms.
@johnleonard China wants to favor their own car companies, and Musk’s fan base may keep the cyber trucks rolling for a while, but not enough for real growth. Maybe some post-musk ceo could save it (see: ford, Volkswagen).

@Daojoan
> Elon Musk could have redefined transportation, reshaped cities, and written the future.

When? How? By killing high-speed rail? By making a much worse metro substitute? By faking battery replacement instead of charging.

Edit, correction: he did not kill HS-rail, just managed to stall it. How it will end up under Trump is the question now.

@benroyce

@Daojoan What I also find really sad is how Musk tarnished Nikola Tesla name / legacy. #NicolaTesla

@Daojoan "Hyundai and Kia are capturing environmentally conscious buyers with sleek, affordable EVs unburdened by political baggage. "

I am loving my Ioniq 6 more every day. Supposedly getting my NACS adapter in Q12025.

@Daojoan
OTOH, Chinese car maker BYD saw its sales jump more than 41% in 2024, year-on-year, to a total of 4.27 million vehicles, which includes EV and hybrid cars. EV sales were at 1.76 million, close to the number for Tesla (1.79 million). BYD sells 90% of its cars in China.

President Biden imposed tariffs of 100% on electric vehicles from China in May 2024.

https://www.bbc.com/news/articles/c36edjp1l9ko

Tesla sales stall as China's BYD closes in

Tesla's ranking as the world's top electric vehicle seller is threatened after sales fell last year.

@Daojoan Well, there was one woman in Arizona in the news this week who was seemingly rather upset at constantly being flipped off in her CyberTruck while she was out doing what she perceived was a net positive for the common good. But yeah, no, I don’t want no #swastikar.
@Daojoan There’s an awful lot of excuses made in this article for a board of directors who did absolutely nothing to rein in their CEO.
@genecowan @Daojoan Musk filled the Tesla board with sycophants, as the judge who threw out his ridiculous USD50b pay package pointed out.
@Daojoan I don’t get it, if Tesla is making $25.71 billion in revenue, how can they afford to pay $50 billion to Elmo?
Russian Oligarchs’ Investments in Elon Musk’s X Raise Questions About Potential Putin Connections

Venture capital investor 8VC is drawing criticism for ties to Denis Aven and Jack Moszkowicz, the sons of Russian oligarchs The post Russian Oligarchs...

Yahoo News
@Daojoan I can only imagine the regret many owners are feeling now that his truth has been revealed
@Daojoan Tesla always had some serious baggage and drawbacks. Requiring customers to sign an NDA for warranty service should have been a huge red flag to any rational buyer.
@Daojoan There's been a Tesla car purchase surge over the past few years in my Australian capital city. There's a ridiculous number of them around. I imagine it's mostly indifference, and people who believe themselves to be "not political"?
@katstwrt @Daojoan That was before Musk's Nazi salute, even buyers that aren't on Xitter/weren't paying attention can't ignore his Nazism now

@Daojoan Good Job everyone! Keep going, METATH!

(Make Every Tesla A Trash Heap)

@Daojoan very petulant tantrum you put to pen

Is this therapy and a cathartic experience for you or did you think there's a serious analysis here?

"Everyone to the right of me is a white supremacist!" Isn't as compelling anymore

Do better

@Daojoan I never realized how much his logo looks like an IUD
@Daojoan I mean who's most likely to buy a planet saving electric car? The left leaning liberal or a drill baby drill right winger who already has an oversized V8 pickup truck?
@rejzor @Daojoan dude is barking up the wrong tree

@Daojoan Tesla stock is down 7% in the last month.

A good start!

@Daojoan @AkaSci While sullying the memory of a genius inventor in the process :(