Musk in the White House

[hmp10]

It’s almost as if some here think that politics is a clean game. I mean the idea of ‘one hand washes the other’ is not a new concept in politics, the corporate world or private life. I absolutely agree with some here that Musk’s motivation has little or nothing to do with squashing Lucid. He’s a bigger thinker than that.

Big thinking and petty hangups are not mutually exclusive. Winston Churchill, for example, was notorious for personal spats.

 

[Genghis]

Is there a laughing and crying at the same time emoji?

No but this exists

 

[Lucken]

Big thinking and petty hangups are not mutually exclusive. Winston Churchill, for example, was notorious for personal spats.

Yes, but I don’t subscribe to the idea that his move has anything to do with petty hangups. I know it’s impossible for some here to believe the possibility that he actually wants to do some good.

 

[MJAir23TheGoat]

Yes, but I don’t subscribe to the idea that his move has anything to do with petty hangups. I know it’s impossible for some here to believe the possibility that he actually wants to do some good.

EM = Smartest guy in the room. They never should’ve kept him out of the summit

 

[DBV]

You do realize the Lucid Air stopped getting a $7500 credit anyway as of Jan 1, 2023, right?

Not for leasing.

 

[hmp10]

Yes, but I don’t subscribe to the idea that his move has anything to do with petty hangups. I know it’s impossible for some here to believe the possibility that he actually wants to do some good.

I'm sure his motives are very far-reaching. However, that doesn't preclude a side game here and there along the way for sport or spite. Don't forget that Musk wanted the money to take Tesla private that instead went to Lucid to build its factory and get Lucid to market. And the whole episode reflected very unflatteringly on Musk in the press, something an ego such as his takes very seriously.

I have worked directly for one of the most powerful Wall Street players, for a 13-Emmy-winning entertainment executive, and for the Chairman and CEO of what was once the world's most valuable conglomerate. Great professional accomplishments are often -- almost invariably, in fact -- accompanied by ego-driven petty strife and the occasional urge for a well-planted smack down that have a lot more to do with character traits and being human than with anything an analysis of objective factors would suggest. And Musk's history is littered with such petty strife in things as bizarre as going after a cave rescuer who was getting a lot of favorable press for heroics. It's just part of the picture.

 

[tonybot]

Not for leasing.

Yes, still passed on if you lease.

 

[momo3605]

Getting rid of the $7500 rebate affects other EV manufacturers way more than Tesla. Tesla actually has decent profit margins. The cheapest Model 3 they sell doesn't even qualify for the federal rebate, and it still sells well at $38k.

Other EV manufacturers in the sub $60k market i.e. Kia, Ford, Honda, GM, etc... rely on the $7500 to compete with Tesla since they are all losing lots of money on EVs.

Lucid and Rivian are on the more expensive side of the spectrum and are already priced out of the rebates anyway. I don't expect them to be affected significantly. (Yes they do qualify with leasing, but that's not a big deal imo), you can always raise the residual to reduce the lease cost.

 

[Samo23]

I'm sure his motives are very far-reaching. However, that doesn't preclude a side game here and there along the way for sport or spite. Don't forget that Musk wanted the money to take Tesla private that instead went to Lucid to build its factory and get Lucid to market. And the whole episode reflected very unflatteringly on Musk in the press, something an ego such as his takes very seriously.

I have worked directly for one of the most powerful Wall Street players, for a 13-Emmy-winning entertainment executive, and for the Chairman and CEO of what was once the world's most valuable conglomerate. Great professional accomplishments are often -- almost invariably, in fact -- accompanied by ego-driven petty strife and the occasional urge for a well-planted smack down that have a lot more to do with character traits and being human than with anything an analysis of objective factors would suggest. And Musk's history is littered with such petty strife in things as bizarre as going after a cave rescuer who was getting a lot of favorable press for heroics. It's just part of the picture.

.....nailed it. Would go after a cave diver but..... not Lucid? Lol.

 

[par11768]

I don't believe the EV tax credit affects Tesla as much as other car manufacturers. Telsa's biggest revenue generator is selling carbon tax credits. My assumption will be a repeal of the EV Tax credit while leaving the Carbon Credit intact. Ultimately it could slow Tesla's sales of EVs, but it doesn't hurt them nearly as bad as everyone else. Tesla got everyone onto NACS so whether we like it or not, we're going to use the Tesla eco-system.

Please read the Tesla annual report. Their revenues were close to $100 billion last year with just $1.8 billion in carbon tax credits - so less than 2% on a revenue basis . This year it will be slightly higher, so 3% of revenues? On a revenue basis, its minimal. Owning both cars, the Tesla ecosystem is great. The chargers work, are plentiful and plug and play. Moving to this ecosystem will accelerate the deployment of EVs.