"I went to a #TeslaTakedown protest near Philly yesterday to report on a grassroots revolution: thousands of Americans mad as hell at an unelected billionaire oligarchy - and unwilling to take it anymore
How taking down Tesla can save our democracy."
If Will Bunch wrote it, you should read it.©
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https://www.inquirer.com/opinion/commentary/tesla-protest-philadelphia-elon-musk-20250223.html
@GottaLaff Another front against Musk is to divest retirement portfolios of Tesla stock. I’m in the process of reallocating ESG mutual funds to Tesla-free ESG investments. It’s a significant hit to my retirement earnings, but I’d rather live with less $ in a free & open society than in an authoritarian one. Dump Tesla stocks if you have them.
@ArrowbearMoore @GottaLaff I’ve always disliked musk and Tesla. I would never buy that stock. I agree people should sell, sell, sell.
@ArrowbearMoore @GottaLaff most of what Elon owns is a high risk speculation bubble entirely fed by how often he makes headlines. Everything is way over earnings. People are waiting for other billionaires to try to buy him out, to want what he has, so little investors can cash out. But it is a bubble that has grown too big to buy.
You know it is a personality bubble because if Elon died tomorrow the stock would crash AND Tesla would be more likely to make profitable business decisions.
@Urban_Hermit @ArrowbearMoore @GottaLaff Tesla... meh... horrid old cars represented by a toxic owner. the whole Europe market has been lost in a month.
@pavsmith @ArrowbearMoore @GottaLaff agreed. They are quickly losing the technology race and world wide market share to Chinese car makers who are actually making cars which happen to be electric - not self driving robots, or personal taxis which will go collect fares while you are at work (unsupervised strangers in your car, yuck!), or mobile AI data centers, or whatever else Musk cribs from SciFy in the next quarter.
After naming a series of model cars "S" "E" "X" "Y" and forcing them to make a low resolution hatchback Pinto with a truck bed inside, out of the heaviest materials possible, he seems to have run out of ideas.
Since he micromanages and does not delegate anything he knows, to nurture and grow internal talent, and he fires people for taking the spot light with profitable ideas (like the entire charger team), it seems that Tesla engineering is now too timid to develop ideas on their own.
If it wasn't for some college kid in an investment bank somewhere who believes in speculative potential over actual yields, Musk would have crashed years ago and had a chance to developed real leadership and a personality with some perspective and humility.
@ArrowbearMoore @GottaLaff I had become leery of not just Tesla, but the whole magnificent seven in recent months, so my investment in the ETF known as ESGU is now just a tiny sliver and most of that money is happily parked in EUSB and TIP. I also bought into several sector funds - you can do about anything with ETFs nowadays!