Elon Musk’s polarizing political actions since acquiring Twitter, later rebranded X, in 2022 dramatically hurt the automaker’s U.S. sales, underscoring how deeply its fortunes are intertwined with the billionaire’s persona.

The findings quantify for the first time how the political actions of the world’s wealthiest person – including his role in U.S. President Donald Trump’s administration – may have cost Tesla billions in lost vehicle sales while benefiting rival electric carmakers.

Tesla’s U.S. sales would have been between 67% and 83% higher, or about 1 million to 1.26 million additional vehicles, from October 2022 to April 2025, had it not been for what researchers call the “Musk partisan effect,” according to a working paper from the National Bureau of Economic Research by Yale University economists.

  • Taleya@aussie.zone
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    1 hour ago

    political views

    The guy’s a dipshit self serving wannabe fascist. Calling it politics is disingenuous.

    Yes, yes, i know technically correct, but i refuse to softly legitimise something that should have died out generation ago

  • Washedupcynic@lemmy.ca
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    3 hours ago

    A large portion of the people that bought or wanted to purchase EVs are going to be people intelligent enough to believe in climate change and at least wanted to make personal choices that would make less of an impact on the environment. People intelligent enough to understand climate change are probably also going to understand that Hitler, Nazis, and the holocaust were bad. The party that Elon supported denies and downplays climate change, along with a myriad of other scientific and socioeconomic reports. Logically, the average MAGAt was never going to be a Tesla customer, so firing off that Heil Hitler was never going to win the company new customers. That one Heil Hitler alienated him from much of his customer base at a time when Tesla no longer had a monopoly of the EV market. Plenty of people that were considering a Tesla probably pivoted to other manufacturers because of the Nazism. I’m sincerely enjoying watching him find out about the financial consequences of fucking around. I feel bad for the people that bought Teslas before he went full Nazi, because now they are stuck with a swasticar for the foreseeable future.

  • AA5B@lemmy.world
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    6 hours ago

    Sentiment toward Tesla improved somewhat as Musk pivoted the company towards robotaxis, self-driving technology and robots in human form.

    What are three things that don’t exist and don’t have a market?

    • jj4211@lemmy.world
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      2 hours ago

      Well, they exist, and there’s a theoretical market, but it’s just that Tesla isn’t particularly the leader in any except maybe personally owned self driving, but that’s mainly because Tesla’s willing to test in the streets while others are more traditionally conservative about the safety thing.

      Pre-unmasked Musk, Tesla might have done well as a self-fulfilling prophecy. Smart people wanted to work with a seemingly smart company, so it was a positive feedback loop.

      In the post-Twitter acquisition world, the shine has kind of come off around the concept of working for Musk, and more keenly so with the coverage of what sort of person he truly is.

      • AA5B@lemmy.world
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        2 hours ago

        Tesla has a huge advantage in scalability. If they can succeed, they will quickly scale out to the biggest.

        A lot of people believe Waymo is closer to achieving self-driving, since their pilots are more established, but they are not scalable. They’re not ready to mass produce vehicles nor can they do so at a cost that could be profitable

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      4 hours ago

      Robotaxis exist and have a market. Tesla just isn’t the one doing it.

      Waymo taxis are pretty common around me.

      • AA5B@lemmy.world
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        2 hours ago

        There are pilot programs from several vendors. Waymo May have the biggest but it’s unscalable. Tesla is growing and if they succeed will scale massively. There are several smaller ones

        But what they have in common is

        • all have shortcomings
        • None are generally available
        • each are individually approved for limited scope - there’s no legal framework to make them generally available
        • none are even on a path to a profitable business model
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    4 hours ago

    Of course it’s ‘politics’ and not how EVs in America are artificially expensive due to tariffs with China.

    The average person is a fucking moron and gets fleeced for it daily.

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      18 hours ago

      The fact that he was still given a position in the White House after he explicitly outed himself as a Nazi is really telling.

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        8 hours ago

        That was probably what tipped the scale over. So he’s african, but i think he’s one of the good ones it seems.

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        15 hours ago

        Technically, at least according to the court records and the admins defense, Elon Musk never had a real position.

        But yes, he spent way too fucking much time at the white house.

        • Dragonstaff@leminal.space
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          9 hours ago

          No, there are no “court records” that say that. If you want to believe this administration about it, that liquid falling in your face is only rain, don’t worry about it.

          • finitebanjo@lemmy.world
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            4 hours ago

            Idk why you’re getting so mad about semantics, I’m just saying that piece of shit Elon Musk never had a position and never will.

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    14 hours ago

    He had no choice. The feds were on his ass and his scams was going to unravel. Fucking twat.

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    15 hours ago

    And yet the stock broke a new record this week.

    Waiting for the other shoe to drop. I shorted it since i believed dropped sale would actually bring them back to earth. But clearly it has turned into some meme-stock.

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      4 hours ago

      The stock price and vehicle sales are not directly linked. Tesla is a meme stock. It’s a house of cards thy keep lying about

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      When he gets Farage elected it will get better for him (worse for us) and he can move on to the AfD

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      15 hours ago

      Perhaps it helps that their cars are still better than the competition.

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        Mechanically, they’re shockingly bad. I’ve spoken to mechanics that tell of some serious cost cutting when it comes to suspension and their attachments.

        New cars (3 years) can essentially fall apart at the wheels.

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          7 hours ago

          The three people I know with Teslurs had to have the car replaced under the 48 month lease. That’s why these cars are practically free used after warranty. They now shit parts and entire frames out using a Gigapress.

          Tesla was a tech company making cars. It’s like buying a car from MicroSoft.

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          Yeah, the weight + acceleration + mechanics quality combo isn’t great especially if you accelerate like a race driver. Which most new owners will for awhile certainly.

          I got some of those parts replaced in warranty just recently. Interesting to see if the same problems will come back.

          It’s possible that my opinion on this changes when warranty expires and we’ll see how the car really does long term. But so far it’s so much better than any competitor car we’ve tried that it’s not even close.

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    16 hours ago

    Tesla after losing one million ev sales after the actions of the CEO: here’s 56 billion and you know what? We’re going to give another trillion in pay package to the CEO

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    15 hours ago

    The cybertruck is also a piece of shit from an engineering standpoint, tbh.

    A big plastic body with steel plates glued on? Collects water in the carwash? What could go wrong?

    • SaveTheTuaHawk@lemmy.ca
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      7 hours ago

      A big plastic body with steel plates glued on?

      Not just any glue, thermal adhesive. Hot glue. Everyone knows hot glue arts and crafts last forever.

    • betanumerus@lemmy.ca
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      8 hours ago

      Tesla Giga presses are for the largest aluminum castings in the world. That part is pretty clever.

  • DarkFuture@lemmy.world
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    1 day ago

    Elon Musk’s politics Nazism cost his firm Tesla more than one million EV sales

    Fixed it.

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    It should have cost him all the Tesla sales. The fact that it didn’t is creepy and scary

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      As a consequence, he’s the richest person in the world and Tesla is a 1.5 Trillion dollar company. It has TEN times the P/E of companies like apple, microsoft, and google. More than 5x Nvidia, even.

      Why do we live in a world that rewards the worst shit? I mean even Trump is a real billionaire now.

    • vga@sopuli.xyz
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      It could be a happy thought, that most people aren’t part of the terminally online meme culture. That they have real concerns instead of bullshit imagined ones.

  • rumba@lemmy.zip
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    I love Electric cars and Sattelite internet and Spaceships.

    WTF has this asshole made all the things I love awful and unacceptable.

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      These guys actually made me realize satellite grids are not a good idea, they’re in places they’re not supposed to be and use lights that weren’t authorized, meaning about 1/3 of ground-based telescope exposures are being ruined right now. Negative externalities abound.

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        1 day ago

        How about horizon pollution, I can see those shitty things with my own eyes.

        How about the huge increase in risk of a Kessler effect?

        How about that for most people this won’t even be necessary as most people don’t need low latency satellite internet? I’m sorry if you’re on a boat in the middle of the ocean and have to deal with a high ping while playing fortnite or something but your low ping is not worth the downsides

        • AA5B@lemmy.world
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          Kessler syndrome is not a big deal here. These particular satellites are so low they would self-deorbit after like 5 years. That’s an argument that more should be at such a low altitude. Let them collide, and drop out of the sky

          You also forgot all those rural people that still don’t have another way to get internet. Yes they should have an option

        • SaveTheTuaHawk@lemmy.ca
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          7 hours ago

          How about the huge increase in risk of a Kessler effect?

          bah… get outta here with science…he shot up a car just as a stunt.

        • localhost001@lemmy.world
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          Or destroying the ozone layer.

          Up to 4-5 Starlink satellites now burn up in Earth’s atmosphere daily, releasing aluminum oxide particles that catalyze ozone destruction. Each 250kg satellite releases about 30 kg of aluminum oxide when it burns up, forming nanoparticles that persist in the stratosphere for 20–30 years, continuously damaging the ozone layer. With plans for up to 42,000 Starlink satellites (plus thousands more from other companies) all on 5-year replacement cycles, annual reentries could exceed 8,000 by the 2030s, adding 360 metric tons of aluminum oxide per year, 640% above natural levels.

          The Montreal Protocol, which successfully phased out CFCs and enabled ozone recovery, does not cover aluminum oxide pollution from satellites. The FCC currently categorizes satellites as “extraterritorial activities” exempt from National Environmental Policy Act review, meaning no environmental assessment is required before launch approval. By the time the full impacts appear in the 2040s–2050s, the damage could be irreversible.

        • StinkyFingerItchyBum@lemmy.ca
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          Their orbit is too low for Kessler syndrome. If every starlink blew up today, it would only take a few years for all the debris to fall to earth. It’s the higher geosynchronous orbit you gotta worry about.

      • rumba@lemmy.zip
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        round-based telescope exposures are being ruined right now. Negative externalities abound.

        I can’t help but think we could have done it with a reasonable number of sats. we put so many up it was like it was just a flex to make spacex profitable

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      1 day ago

      I feel the exact same way about Thiel and “Things Named After Lord of the Rings.”

      It’s so endlessly infuriating watching billionaires actively turn things we care about against us.

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    Customer base most likely to hate nazis: people who buy EVs.

    Customer base most likely to love nazis: people who buy trucks that get 2 mpg.

    Guess the pedo genius found that math problem a little too difficult.