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Reply to "Elon Musk is now going full MAGA "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is he purposely trying to tank TSLA stock? [b]I'd be sh#tting bricks if I was a TSLA shareholder.[/b] His customer base is not MAGA and he has no real product that would appeal to the MAGA base. [/quote] We are. And to be fair, Elon has always been a Republican, and I and others did not care. He lied in that tweet when he said he was a Democrat voter. He has now just become full MAGA, and that is not working well for me as a shareholder. I am trying to find my exit plan before he incurs more damage to the stock [/quote] What is his brand strategy with this maga stuff? It alienates huge swaths of the market. Why is he doing that to tesla?[/quote] I think because he knows TSLA is f#cked in the long-term. Every car maker is launching multiple EV vehicles in the next 18 months. All those vehicles will qualify for federal tax credits, while TSLA has already run thru its allotment of tax credits. So Elon needs to pivot to a new untapped market (MAGA supporters) for new sales. But I don't think it will work because red state MAGA's don't buy sedans or small crossovers. In sum, Tesla will go into secular decline as the big automakers pile into the market. I'm picking up some Ford stock because it's cheap right now and the Lightening F-150 is going to be a massive hit. [/quote]
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