Quote:NEW YORK (AP) — Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars.

Late Wednesday, the electric vehicle maker reported another quarter of lackluster financial results, with revenue dropping 12% and profit falling 16%. Many prospective buyers have been turned off by Musk’s foray into right-wing politics, and the competition has ramped up in key markets such as Europe and China.

Tesla faces the loss of the $7,500 EV tax credit and stands to make much less money from selling regulatory credits to other automakers after recent changes to federal tax law. President Donald Trump’s tariffs on countries including China and Mexico will also cost Tesla hundreds of millions of dollars, the company said on its earnings call.

https://apnews.com/article/tesla-musk-st...8a39bfa226

(July 24, 2025 at 1:19 pm)Thumpalumpacus Wrote:

Quote:NEW YORK (AP) — Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars.

Late Wednesday, the electric vehicle maker reported another quarter of lackluster financial results, with revenue dropping 12% and profit falling 16%. Many prospective buyers have been turned off by Musk’s foray into right-wing politics, and the competition has ramped up in key markets such as Europe and China.

Tesla faces the loss of the $7,500 EV tax credit and stands to make much less money from selling regulatory credits to other automakers after recent changes to federal tax law. President Donald Trump’s tariffs on countries including China and Mexico will also cost Tesla hundreds of millions of dollars, the company said on its earnings call.

https://apnews.com/article/tesla-musk-st...8a39bfa226

(Bold mine)

FAFO.

Boru

(July 24, 2025 at 1:42 pm)BrianSoddingBoru4 Wrote: (Bold mine)

FAFO.

Boru

Business 101: avoid controversy. Stupid putz.

(July 24, 2025 at 1:47 pm)Thumpalumpacus Wrote:

(July 24, 2025 at 1:42 pm)BrianSoddingBoru4 Wrote: (Bold mine)

FAFO.

Boru

Business 101: avoid controversy. Stupid putz.

Yup. The only thing investors hate more than uncertainty is controversy.

Boru

So simple and predictable too. Stay out of politics and everybody judges your product on its merits. Dive deep into politics and you turn off about 50% of them - regardless of what side you take. Such a no-brainer to not mix business with politics. It's a guaranteed loss.

(July 24, 2025 at 2:30 pm)AFTT47 Wrote: So simple and predictable too. Stay out of politics and everybody judges your product on its merits. Dive deep into politics and you turn off about 50% of them - regardless of what side you take. Such a no-brainer to not mix business with politics. It's a guaranteed loss.

I think the foray into politics was because people were beginning to judge his companies based on their merits.

(July 24, 2025 at 3:09 pm)Pat Mustard Wrote:

(July 24, 2025 at 2:30 pm)AFTT47 Wrote: So simple and predictable too. Stay out of politics and everybody judges your product on its merits. Dive deep into politics and you turn off about 50% of them - regardless of what side you take. Such a no-brainer to not mix business with politics. It's a guaranteed loss.

I think the foray into politics was because people were beginning to judge his companies based on their merits.

If you judge the company based on its merits, its stock would trade at half or less of what it does.

(July 24, 2025 at 3:09 pm)Pat Mustard Wrote:

(July 24, 2025 at 2:30 pm)AFTT47 Wrote: So simple and predictable too. Stay out of politics and everybody judges your product on its merits. Dive deep into politics and you turn off about 50% of them - regardless of what side you take. Such a no-brainer to not mix business with politics. It's a guaranteed loss.

I think the foray into politics was because people were beginning to judge his companies based on their merits.

OUCH! Yeah, verily.

(July 24, 2025 at 3:09 pm)Pat Mustard Wrote:

(July 24, 2025 at 2:30 pm)AFTT47 Wrote: So simple and predictable too. Stay out of politics and everybody judges your product on its merits. Dive deep into politics and you turn off about 50% of them - regardless of what side you take. Such a no-brainer to not mix business with politics. It's a guaranteed loss.

I think the foray into politics was because people were beginning to judge his companies based on their merits.

Apparently, it's because one of his kids started to transition. Admittedly, he was apparently always right-wing in private, but he became public once Vivian did.

(July 24, 2025 at 2:30 pm)AFTT47 Wrote: So simple and predictable too. Stay out of politics and everybody judges your product on its merits. Dive deep into politics and you turn off about 50% of them - regardless of what side you take. Such a no-brainer to not mix business with politics. It's a guaranteed loss.

It depends; and it seems like especially if you're diving into left-wing poltics (and I mean "left-wing" in the loosest way possible, because the right tends to not grasp differences in ideas like Stalinism and saying that maybe putting immigrants into what may as well be death camps is something we shouldn't do), it can work out pretty well for you. Even from the right, at least as long as the right-winger in question doesn't understand things like "if you buy something just to destroy it, they still have your money."