The whole internet seems happy about the "people" burning Teslas in protest. I am pretty sure they were all insured and given the terrible sales figures... please guess who is benefitting the most of that burning?
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Vehicles so shit even the manufacturer doesn't want them
While the Texas Plate 'HAIT 88' seems like it's fake, I feel that is implied by driving a Cyber Truck. He didn't need to go through the trouble paying extra for that.
My wife and I are in the market for a 3rd car because our oldest is driving to community college most days, leaving us down to one car between us. She wants an EV, so we've been shopping the local used lots. They all have DOZENS of Teslas, and they're very eager to sell them.
Definitely sucks for the people who thought they were doing the right thing by going electric and ended up driving Swasticars.
I know there's an argument that those folks should have known what they were in for by the time the Cybertruck in 2023, but some people just don't pay much attention to current events.
I drive a Subaru and couldn't tell you who the CEO is, although in retrospect perhaps I should have done more research before buying. But even without looking I can guess that it's some shitty billionaire who donated heavily to both the GOP and DNC. Subaru itself has a history that involves... Being a Japanese manufacturer during WW2.
You could also look at the Nazi Henry Ford and all of those gigantic pickup trucks clogging the US while also buying fossil fuels. It helps that Henry Ford is long dead, but are they really that much better than Cybertrucks?
I mean morally. Objectively, Cybertrucks are just badly designed and manufactured vehicles but that's separate from my point. Although if I may also rant- we already know that he used the Boring company to purposely sabotage high-speed rail projects in the US. We know that he bought Twitter not to make it profitable, but to gain power over social media. When you look at Tesla- the QC issues, the labor relations issues, the missed deadlines, the proprietary charging connector, the complete mess of a car the Cybertruck is, and how he is now very actively supporting a president who seems to be trying to destroy EV's and prop up fossil fuels... Was Elon EVER actually trying to push EV's, or was he actively trying to sabotage them? I know this is borderline conspiratorial thinking, but a lot of his madness seems to make a lot more sense in that context.
Maybe but it is up 17% right now. Are investors really this stupid?
This relates to the "zigzagging spikyness" you often see with the stock market. Each time a stock falls, many people are going to ask themselves "Hey, do I think that other people are wrong about this property being worthless? Maybe this is a good chance to buy, before they bounce back."
There's a mental appeal to the middle, it's just a question of what the correct "middle" is. That's also why many investors were cautioning people against selling during Trump's week-long tariffs (of course, if you believe the USA is on its last legs, that may be a good idea). You're probably seeing those purchases from those that feel the Tesla Takedowns will run out of steam, which is why it's important to keep them up.