r/politics • u/Quirkie The Netherlands • Mar 06 '25

Soft Paywall Elon Musk Suddenly Doesn’t Want Credit for Disastrous DOGE Cuts - Musk is warning Republicans to stop blaming DOGE for the cuts.

https://newrepublic.com/post/192415/elon-musk-warns-republicans-doge-job-cuts
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u/GR1ZZLYBEARZ Mar 06 '25

Tesla stock has defied all laws of economics, thuganomics, metaphysics and psychology. It was due for a fundamental tumble based on its business a long time ago. The rise of the “Turd Reich” has accelerated reality.

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u/CherryHaterade Mar 07 '25

It was a bubble that a lot of people have looked at as a bubble for a while, And its meme status (and early returns mythology) have been ongoing mostly to the sheen of his image and the paper growth. But one thing GME holders have learned, is that the degree to which retail can or does support any single market market entity doesn't start to compare to institutional support in many contexts.

One things for certain though, is that Tesla bean counters will have a lot of work in front of them for the next quarterly call, because if they can't make it look good or at least palatable to market makers, because otherwise it'll really just be a game of which market maker dumps their position first. And then from there it'll be the degree to which it can withstand the renewed and regrouped short interest.

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u/GR1ZZLYBEARZ Mar 07 '25

Unprofitable for 17 years, until they turned a profit in 2020. They “made” $721M, but received $14.7B in government subsidies lol

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u/GrumblyData3684 29d ago

Granted Tesla 5-8 years ago was on a much different trajectory. I think looking back Cybertruck and the FSD debacle will be seen as when their culture shifted.

Cybertruck was a meme’ish vanity project and FSD has been a mess.

Hope is not a strategy, but that is their whole business model. Get it in the road and hope we can fix it later.

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u/GR1ZZLYBEARZ 29d ago

How about the never delivered roadster and semi truck? Self driving that didn’t kill people? It’s kind of crazy honestly.

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u/GrumblyData3684 29d ago

yup, I'm an electrical engineer so its a very easy to have somewhat mixed feelings on the overall accomplishments of his companies and impact on their industries. I've followed his companies for years because its in my wheelhouse.

You can't argue that the engineers at SpaceX and Tesla haven't done some really impressive work. They just have a boss who makes outlandish promises and doesn't respect sound engineering judgment.

Especially with Space X & Falcon 9 - which is undeniably a workhorse. Starship is a vanity project that is hitting a wall.

Personally I am leaning towards a combination of Testosterone Replacement therapy and Ketamine for his behavior. I know a lot of people never payed attention to him or his companies before - but those who have have seen the change in culture.

As my grandfather told me, "One awww shit wipes out a whole lot of attaboys"