MHh
2022-12-28

I think Musk confuses freedom of speech and responsible speech. He frequently goes back on his promises and doesn't mean what he says- I think to him, that is the meaning offreedom.


That aside, I think more pain will come. Recession looks inevitable and inflation is still high. Higher rates also make it more expensive to get a loan to buy a car. Consumers are generally very price sensitive to big ticket items and I do not see why buying EVs should be an exception. I have always been of the view that EVs will be the future but this is a competitive space. Other EV makers are rising up to close the gap and at the end of the day, it is not just novelty to consumers. The model, function, price are just some of the many factors that consumers will consider before making the purchase. I wouldn't be surprised if the Chinese government also offer subsidies to encourage their people to adopt EVs and heavier subsidies be given if the car is from a local company. 


Macro factors and market sentiment are against Musk. I think people are tired of his ego and his distraction with Twitter. The Musk-factor is now working against him. If he sells more shares despite saying he wouldn't, I think this might be the last straw for many and the share price will drop again...

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Comments

  • Oldhead
    2022-12-28
    Oldhead
    Don't believe what the "politicians" say.
    • MHh
      [LOL] not sure what plans he has
  • Shan_shine
    2022-12-28
    Shan_shine
    Tesla rose and fell with him
    • MHh
      Unfortunately i believe due to his ego
  • Trainman
    2022-12-28
    Trainman
    roti prata
  • LMSunshine
    2022-12-28
    LMSunshine
    Thanks for sharing🥰
    • MHh
      [Grin][Tongue]
  • Svengers19
    2022-12-28
    Svengers19
    Thanks for sharing
  • An Long
    2022-12-28
    An Long
    [smile] [smile]
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