Tesla's Troubled Times

 

The New York effing Times' Jack Ewing has an interesting look at the problems South Afrikaner fascist druggie Elon "Leon" Musk's Tesla business faces after his nuclear dust-up with the vengeful Malignant Fascist:

"Elon Musk’s bitter falling-out with President Trump could be costly for Tesla.

As long as he is persona non grata in the Trump administration, Mr. Musk, the chief executive of Tesla, will struggle to persuade Republicans not to gut climate policies worth billions of dollars to the electric car and battery company.

Mr. Musk may also lose sway over federal regulators who could make or break his plans to deploy driverless taxis, which he has described as the future of the company.

Tesla is already suffering steep declines in sales and profit. The company’s share price plummeted 14 percent on Thursday, its biggest one-day decline, after Mr. Musk and Mr. Trump began insulting each other on social media. The stock recovered somewhat Friday, rising nearly 4 percent, perhaps on hopes that the men would reach a truce or because investors thought the stock was now a bargain after the previous day’s drop. [snip]

.....the Trump administration and Republicans in Congress are also trying to kill regulations that are especially beneficial to Tesla. Those rules allow Tesla to sell clean air credits to other carmakers that fail to meet environmental standards.

During the first three months of the year, Tesla sold regulatory credits worth $595 million, which was more than the company’s net profit of $409 million. In other words, without the credits, Tesla would have lost money."  (our emphasis)

Besides continuing to take personal shots at Musk, there's a lot the MF could do beyond Tesla to get revenge.  That would largely be terminating contracts with the Federal Government, as he's threatened on social media, involving more than a dozen Federal agencies.  It could impact Musk's SpaceX, Starlink, Neurolink and AI businesses.  It's a target-rich environment waiting for man-child Musk to wade deeper into attacks on the spiteful MF (like his idea of creating a "third party" which might split off some MAGAts and tech bros).  It will be fun to watch as Musk's competitors jockey for competitive positions in those fields as the South Afrikaner's fortunes dim.