Musk made a fortune on climate credits. Trump is targeting them. Musk has said America is being “strangled to death” by regulations. But Tesla might not have survived without them. Compliance credits represent more than 32 percent of Tesla’s profits. Trump poses other threats to Tesla as well.
Source: mafco
7 Comments
Let them both have some good meltdown in 2025 for all of us to see.
This is like the chicken promoting the coyote. How long will this type of relationship last??
he will know firsthand whats coming, and he can liquidate his position for a pretty sum accordingly. he is not afraid, his profits are already astronomical, and he has spacex as well, that doesnt seem to go away anytime soon. he has x, and with that the power to decide fates of countries (for now) that is also worth a pretty penny. so no, i believe in his eyes, tesla was just a jumping board to true wealth, and it can go under any time. i mean for real: does anyone see how little they actually move forward? in the last 5 years all they could manage was 2 bare facelifts of the E and Y, a disastrous cybertruck that sells very poorly but bleeds money like a gutshot, a semi that was about as innovative as a morning fart. (no, packing the same tech in a bigger box is not innovation) tesla stays afloat on bitcoin, and the supercharger network, but not much more. and as legacy makers figure out ev-s, their position will get more pressured.
This could very well be written by Elon’s team itself. At this point, there is nothing that will be more effective at slowing the meteoric rise of Tesla’s competitors than removing all of these industry & buyer subsidies. Certainly not the actual results that are their vehicles…
The share price of Tesla and a lot of these companies are so far removed from the actual fundamentals it honestly doesn’t matter anymore. People will buy shares to gain influence and access.
Musk doesn’t care about Tesla. It served its purpose of elevating him to oligarch, which he sealed when he bought Twitter. He’s playing in the big sandbox now.
He’s not running any company spending his time in kholes paying people to play games for him.