Summary
A suspect vandalized and set fire to Teslas at a Las Vegas Collision Center early Tuesday in what police call a “targeted attack.”
The assailant, dressed in black, shot at five vehicles, torched two, and left an undetonated Molotov cocktail. They also spray-painted “Resist” on the building.
Authorities have not confirmed a political motive but noted Elon Musk’s ties to Trump. The FBI is investigating, warning that such acts are federal crimes.
Tesla has faced backlash amid Musk’s government role and far-right politics.
It raises the price they have to pay thousands of other teslas, and if it happens enough, insurance will drop them. Insurance companies don’t want to pay out, and they will pull coverage when it becomes too expensive for them to insure.
I just came across this relevant article this morning.
Be that as it may, you’re not going to get me to even tacitly endorse arson. Sorry not sorry.
I’m prefacing this clearly; I’m not endorsing anything here.
The current regime is restricting healthcare, trying to legislate people out of existence, and straight up disappearing people. Suffragettes torched and bombed.
That’s great.
Nobody cares if you gasp at the sight of protest outside of the designated protest area . Just like nobody cares if you disapprove of a picket line blocking a road because how dare they.
Like what is the end goal here put Tesla out of business? Does anyone believe this would hurt Elon? Say Tesla went bankrupt, so now Elon musk would be worth $230 billion instead of $330 billion. He would live his life exactly the same but now thousands of normal people are underwater on their cars. How is this “winning”?
What am I missing here?
TSLA market cap $766B. That’s a nice loss, if it could be achieved.
Besides, what you’re missing is quite obvious: the only thing that musk understands is fear. Make your own inferences.
You understand that he only ownes 10 or 15% of Tesla. The majority of that is probably held by index funds and other peoples 401ks. So again normal people would loose a lot of money.
If Tesla went bankrupt it would literally be a drop in the bucket for Musk. Also what would he fear? He can pay for his own boat or literal island and security. Saying people should go after musk vs go after anyone who drives a Tesla is very different.
I don’t give a fuck how much he owns. The point is to hose all the fat fucks and to brand him as toxic. And to familiarize those assholes with urgent dread.
This does not accomplish any of that though
Musk’s purchase of Twitter was backed by Tesla stock. If the stock tanks enough, that bill comes due.
No it doesn’t that not how it works ugh…
We’re in this whole mess because people don’t think through their words and actions. Anyone advocating blindly going after anyone with a Tesla then you’re really no better then Musk.
On that note do I have the answers on how to fix this mess, no, but I know it’s not this.
That is how it works in this case. Musk took loans backed by the value of his TSLA holding as collateral in order to fund his part of the twitter purchase. Value of TSLA drops enough, those loans get called.
https://www.nasdaq.com/articles/elon-musk-faces-margin-call-on-loan-used-to-purchase-twitter
https://www.theverge.com/2022/5/25/23141940/elon-musk-tesla-twitter-margin-loan-buyout-deal
I don’t know if we have enough visibility into how much he’s currently margined to know when he’s at risk of getting called again, but it doesn’t seem realistic to think that he’s not currently margined.
Old articles the deal has been refinanced a few times now. His expose is much lower now. Though yes two years ago this would have been correct.
Thank you for actually taking time to think out a response with relevant sources and not just name calling. This seems to be more rare than it should be. I wish more people were like that.
Spoken like a true Enlightened Centrist.
Based on what? That I don’t want to burn random people’s cars? Yep you got me. Good one dude!
Basically people pissed off and need an outlet for that but can’t see the forest for the trees. 🤷♂️