Dear Ford, GM, and other car companies who otherwise make great cars but want to emulate Tesla’s stock price success:
Elon Musk has the largest reality distortion field in modern history. You cannot replicate it.
Sincerely,
Consumers
Daily Mail (3/2/22) reports: "Teslas are the least reliable electric cars because they develop more faults than any other brand, research reveals. Four in ten Tesla owners said they suffered at least one fault within 12 months and one in 20 said their car broke down or failed to start - the worst score for a fully electric brand. By comparison, just 6 percent of Kia e-Niro owners reported faults and only 1 percent reported a breakdown or failure to start. It was the best-scoring pure electric car and, starting at £32,895, costs around two times less than Tesla’s most expensive model...The findings were a blow for electric car makers, particularly for Tesla and its boss Elon Musk. Ginny Buckley, of advice website Electrifying.com, said: ‘There are some big-name car brands which have failed to overcome the challenges of developing software for electric cars.’"
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Like we said...
Wall Street Journal (3/3/22) reports: "Tesla Inc. TSLA -1.31% Chief Executive Elon Musk said he was open to the United Auto Workers union holding a vote about organizing labor at the company after long resisting such a move. 'Our real challenge is Bay Area has negative unemployment, so if we don’t treat and compensate our (awesome) people well, they have many other offers and will just leave!' Mr. Musk said via Twitter late Wednesday. 'I’d like hereby to invite UAW to hold a union vote at their convenience. Tesla will do nothing to stop them,' he said. The UAW had no immediate comment...Tesla’s lack of worker labor unionization has left the electric-vehicle maker as somewhat of an outcast as the Biden administration pushes to get Americans to embrace such vehicles. President Biden snubbed Tesla in an August White House meeting on electric vehicles with UAW officials and executives from Ford, GM and Stellantis, which count EVs as a fraction of their overall sales. In this week’s State of the Union address, Mr. Biden mentioned Ford Motor Co. and General Motors Co. for their investments in electric vehicles. Tesla, which produces more of those vehicles, wasn’t mentioned. Mr. Musk at times has taken aim at the president. 'Biden is a UAW sock puppet,' the Tesla boss tweeted in October, using an emoji to indicate socks. The billionaire in December also came out against a signature Biden administration legislative proposal, criticizing federal efforts meant to spur electric-vehicle adoption, including a bill that would boost incentives for buying battery-powered cars."
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"I could drive my current car to the moon for $29,936 (238,855 miles, 30mpg average, $3.76/gal national average) for less than it costs to buy a new EV"
– Patrick De Haan, GasBuddy
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