Commerce Secretary Lutnick Hawking Tesla Stock

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why are other car companies not protesting this? So tired of the silence. Why aren’t universities banding together? Law firms banding together? Honestly, a couple of years ago I thought the corporations would save us because they’d listen to their customers, like DEI.

Keep up the resistance and stop buying from them.

Because they all receive bailouts from the federal govt and no one wants to antagonize Trump. Everyone is rolling over and playing dead.

Trump can't hurt everyone if they all ban together.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why are other car companies not protesting this? So tired of the silence. Why aren’t universities banding together? Law firms banding together? Honestly, a couple of years ago I thought the corporations would save us because they’d listen to their customers, like DEI.

Keep up the resistance and stop buying from them.

Because they all receive bailouts from the federal govt and no one wants to antagonize Trump. Everyone is rolling over and playing dead.

Well this kills our livelihood in the end.

[Anonymous]

I bought the stock short.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lutnick is just laying the ground work to give Elon and Tesla a huge bailout.

Dunno. Don’t think the political climate will allow that. Even MAGA hates Musk at this point.

Hilarious.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lutnick is just laying the ground work to give Elon and Tesla a huge bailout.

This. We taxpayers will pay (like we have already) for the poor business acumen of Elon Musk. And there is news now that Tesla cooks its books to the tune of 1.4 bn missing dollars.

Something funky is going on with Tesla's books, at least according to a new report released by the Financial Times on Wednesday. That's never a phrase you want to hear about a publicly traded company, especially one with a tanking stock price and a board whose members are dumping shares at an alarming rate.

According to the report, Tesla spent $6.3 billion in capital expenditures in the last six months of 2024. However, the gross value of its assets only increased by $4.9 billion—that leaves $1.4 billion unaccounted for with no public explanation from Tesla about where that money went. All said and done, accounting and finance experts agree: something isn't adding up.

Well, well. Looks like the Financial Times doesn't understand finance math.
They have issued an apology for their inaccurate reporting....

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lutnick is just laying the ground work to give Elon and Tesla a huge bailout.

This. We taxpayers will pay (like we have already) for the poor business acumen of Elon Musk. And there is news now that Tesla cooks its books to the tune of 1.4 bn missing dollars.

Something funky is going on with Tesla's books, at least according to a new report released by the Financial Times on Wednesday. That's never a phrase you want to hear about a publicly traded company, especially one with a tanking stock price and a board whose members are dumping shares at an alarming rate.

According to the report, Tesla spent $6.3 billion in capital expenditures in the last six months of 2024. However, the gross value of its assets only increased by $4.9 billion—that leaves $1.4 billion unaccounted for with no public explanation from Tesla about where that money went. All said and done, accounting and finance experts agree: something isn't adding up.

Well, well. Looks like the Financial Times doesn't understand finance math.
They have issued an apology for their inaccurate reporting....

I wonder who threatened them with what.

Anyway, Tesla still can’t even move the refreshed model Y. They can’t meme the stock forever, I wouldn’t think.

https://electrek.co/2025/03/25/tesla-can-deliver-new-model-y-order-today-us-low-demand-refresh/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lutnick goes on Fox and urges viewers to buy Tesla stock as it will never be this cheap again. I don’t have any words except how dire Elon’s circumstances must be that he is resorting to this sort of nonsense.

Didn't President Biden give $12B in grants and loans to the Big 3 and their suppliers to retrofit their plants to manufacture electric vehicles and other advanced vehicles?

You are off by an order of magnitude.

And it was spread across a wide variety of companies and suppliers

https://www.pbs.org/newshour/politics/biden-administration-awards-1-7-billion-in-grants-for-electric-vehicle-manufacturing-in-eight-states

I will say it’s unclear to me why Biden excluded Tesla from the EV summit. Can a sane person explain what happened there?

Tesla was excluded because they'd already been producing EVs for years (and had received massive tax benefits from doing so). Biden was trying to encourage a more widespread manufacturing base.

They were excluded because they aren’t unionized

+1. I also understood this to be the explanation.