Musk made a fortune on climate credits. Trump is targeting them. Musk has said America is being “strangled to death” by regulations. But Tesla might not have survived without them. Compliance credits represent more than 32 percent of Tesla’s profits. Trump poses other threats to Tesla as well.
Musk made a fortune on climate credits. Trump is targeting them.
by mafco
20 comments
Let them both have some good meltdown in 2025 for all of us to see.
This is like the chicken promoting the coyote. How long will this type of relationship last??
he will know firsthand whats coming, and he can liquidate his position for a pretty sum accordingly. he is not afraid, his profits are already astronomical, and he has spacex as well, that doesnt seem to go away anytime soon. he has x, and with that the power to decide fates of countries (for now) that is also worth a pretty penny. so no, i believe in his eyes, tesla was just a jumping board to true wealth, and it can go under any time. i mean for real: does anyone see how little they actually move forward? in the last 5 years all they could manage was 2 bare facelifts of the E and Y, a disastrous cybertruck that sells very poorly but bleeds money like a gutshot, a semi that was about as innovative as a morning fart. (no, packing the same tech in a bigger box is not innovation) tesla stays afloat on bitcoin, and the supercharger network, but not much more. and as legacy makers figure out ev-s, their position will get more pressured.
This could very well be written by Elon’s team itself. At this point, there is nothing that will be more effective at slowing the meteoric rise of Tesla’s competitors than removing all of these industry & buyer subsidies. Certainly not the actual results that are their vehicles…
The share price of Tesla and a lot of these companies are so far removed from the actual fundamentals it honestly doesn’t matter anymore. People will buy shares to gain influence and access.
Musk doesn’t care about Tesla. It served its purpose of elevating him to oligarch, which he sealed when he bought Twitter. He’s playing in the big sandbox now.
He’s not running any company spending his time in kholes paying people to play games for him.
Tesla is dead – he’s depending on SpaceX to keep him going – hopefully Bezos can get it together with Blue Origin and trash Elon – never thought I’d be rooting for Bezos but strange times are here
He has to do what daddy vlad tells him to do so running Tesla and twitter into the ground is of no concern.
Tesla isn’t valued based on a fundamental basis though right. It’s valued based on the premise that the guy running it runs the President. You know what I mean? It’s not a matter of math, it’s a matter of geopolitics.
Tesla could lose $10b tomorrow and people still think that Trump is a Musk asset who will bail it out. We’re dealing with behavioural finance, not quantitative finance here.
I think he definitely knows that and that’s the angle he’s playing on it. It’s not “real” wealth as much as it’s “perceived” wealth.
Ivar Kreuger comes to mind as the closest historical comparison.
Tesla would have been just fine without them, but when there is free money being handed out by corrupt politicians, you change your business plan.
It’s almost like they’re all full of shit.
Musk owns just about 10% of the company.
Why do the other equity owners still accept him as CEO? He is not delivering anymore since quite a while.
Rules for thee, not for me. Kleptocracy in action.
aka “I got my free handouts, fuck everyone else”
rancid piece of shit needs to be flung into the sun.
This seems to be missing the big picture. The largest players love regulations, because they are too onerous for the little guys.
Likewise for the subsidies and credits, Tesla is large enough to survive without them, but if they are all cut now while the American manufacturers haven’t made their electric segments grow but have invested a lot (too much) in it based on those incentives, they’ll all drown.
Musk is all the things he says he is against.
https://www.sec.gov/Archives/edgar/data/1318605/000162828024043486/tsla-20240930.htm#i417260255b1045dfaa0256ee58161010_16
**Regulatory credits are less than 3% of Tesla’s revenue**
Nine Months Ended September 30 , 2024 2023
Revenues
Automotive sales $ 53,821 $ 57,879
Automotive regulatory credits $2,071 $1,357
Automotive leasing $1,380 $1,620
Total automotive revenues $57,272 $60,856
Energy generation and storage $7,025 $4,597
Services and other $7,686 $6,153
Total revenues $71,983 $71,606
That’s the most current: Whole of year 2024 (as opposed to 9months) will be due in a few weeks but it’s not widely diverging from 2023)
https://ir.tesla.com/#quarterly-disclosure
Let Tesla die
America has the strongest economy in the world so whatever regulation we have is not strangling it. We need serious reform but these people don’t have specific serious proposals. They just want more pollution and get the US to buy fucking bitcoin si they can make more money.
Comments are closed.