←back to thread

Tesla deliveries down 43% in Europe while EVs are up 31%

(electrek.co)
188 points zfg | 6 comments | 25 Mar 25 13:11 UTC | HN request time: 0s | source | bottom
Show context
snapcaster ◴[25 Mar 25 13:16 UTC] No.43470829[source]▶
This is so weird, did he miscalculate how intense the backlash would be? or he truly doesn't care?
replies(22): >>43470855 #>>43470861 #>>43470867 #>>43470874 #>>43470876 #>>43470879 #>>43470883 #>>43470896 #>>43470914 #>>43470920 #>>43470931 #>>43470986 #>>43470993 #>>43471010 #>>43471051 #>>43471161 #>>43471431 #>>43471589 #>>43473279 #>>43473806 #>>43474158 #>>43476959 #
SecretDreams ◴[25 Mar 25 13:18 UTC] No.43470855[source]▶
Man has bigger ambitions. Teslas were just a stepping stone to whatever he's unleashing on the world now from the White House.

Or he's completely deranged and the drugs have irreversibly damaged his mind. Both scenarios, or some intersection therein, are plausible.

replies(4): >>43471032 #>>43471084 #>>43471466 #>>43473431 #
1. JumpCrisscross ◴[25 Mar 25 16:56 UTC] No.43473431[source]▶
> Man has bigger ambitions. Teslas were just a stepping stone

His Tesla stock is personally levered. I don't know at what point he gets margin called, but a sharp drawdown in Tesla's stock price could force him to sell stock in his crown jewel, SpaceX. (Or just extract money from it somehow. Either way, diminish it.)

replies(3): >>43474964 #>>43475237 #>>43475580 #
2. Gud ◴[25 Mar 25 19:34 UTC] No.43474964[source]▶
I would guess the irritated phone calls have already become angry phone calls, from his creditors.
3. s1artibartfast ◴[25 Mar 25 19:58 UTC] No.43475237[source]▶
I see this repeatedly stated, but have never seen it substantiated in detail. How much stock collateralized debt does he have? Is any of it tied to SpaceX?

He took on 13 billion of debt for Twitter, but it seems like dreaming to think this would be enough even if Tesla went bankrupt.

replies(1): >>43475453 #
4. JumpCrisscross ◴[25 Mar 25 20:17 UTC] No.43475453[source]▶
> How much stock collateralized debt does he have?

As of 2023 Musk had 238,441,261 "shares pledged as collateral to secure certain personal indebtedness [1].

I have not seen any great reporting around what prices he borrowed at (and thus when his margin calls may come).

> Is any of it tied to SpaceX?

Not directly. My point is if Tesla goes bankrupt he has to sell something to make good on those loans. (After, presumably, a year of court fights.) If Tesla is under there will be litigation around an xAI disposal. So that basically leaves Twitter and SpaceX, and one of those is more marketable than the other.

[1] https://ir.tesla.com/_flysystem/s3/sec/000119312523094075/d4...

replies(1): >>43476710 #
5. _DeadFred_ ◴[25 Mar 25 20:29 UTC] No.43475580[source]▶
Which is why X's investors re-valued X to $44bn recently even though just last September Fidelity valued it at $10bn. Seem to recall Trump's friends the Saudi's are big investors. Sure seems like billionaire deep state stuff when you get financially rewarded for your proximity to the prez.
6. s1artibartfast ◴[25 Mar 25 22:26 UTC] No.43476710{3}[source]▶
I realize you qualified your statement with words like could and diminish. My point is simply that people shouldn't get too excited about the possibility without real details about his debt or level of diversification.

I wish English had better language to distinguish possibility arising from limited observer information about the world versus possibility arising from uncertain future. I'm not saying you did it, but people tend to conflate the two.