Erratic megalomaniac and crashing car and truck mogul Elon Musk might want to take back some of that $45 million / month pledge to a PAC supporting the Malignant Loser (something he now denies doing). Second quarter earnings for his Tesla company fell 7% year on year from last year, prompting an 8% drop in Tesla shares. From CNBC:
"Tesla shares dropped more than 8% in premarket trading in the U.S. after the electric car maker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.
Elon Musk's electric vehicle firm reported that automotive revenue declined 7% year on year in the June quarter to $19.9 billion while its adjusted earnings margin also fell.
The company has been forced to slash prices globally and offer discounts and incentives amid slowing sales and rising competition, especially in China — one of its key markets. [snip]
Tesla remains the top seller of electric vehicles in the U.S. by far, but is losing market share to a growing number of rivals due in part to its aging lineup of sedans and SUVs and the impact of Musk's incendiary and political commentary." (our emphasis)
Musk's arrogant, toxic persona and far-right neo-fascist views are no doubt turning off legions of potential buyers, in addition to the autopilot bugs in some models. Our advice to the Malignant Loser: if you ever get a check from Musk, cash it quickly before he changes his unstable mind.
(photo: Earth to Elon, you're losing it)
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