They were always based on a blind cult of Elon Musk

Is Elon Musk the most important living person?

This It is the question that was read In some forums just a five years ago. The defense was its relevant role when lifting Space X, Starlink, Neurolink and, of course, Tesla.

If the electric car company has overcome its own death valley After 10 years, throwing losses has been, among other things, for the cult of the figure of Elon Musk and his promises.

To say that it has been exclusively for the latter would be too simplistic. The company showed that an electric car for day to day and practical on trips was possible. He moved with cunning When he went through difficult times but he has also chained promises that have not been fulfilledthey have arrived late or alone half.

That Tesla lost money for a long time but, at the same time, maintained the support of the shareholders is very blamed by Elon Musk. The product was almost revolutionary, with an interior that had not been seen until then in a car and everything A “Tesla Club” around the vehicle. Get “electric car” to be synonymous with “tesla” was built based on a own infrastructureof a vehicle that had no comparison in the market and a base of followers who blindly believed in the product.

All this caused Elon Musk to rise at the height of a pseudomesies that has remained so far. In 2010, Time It already included Musk among the 100 most relevant people of the year. In 2014, The confidential I already raised him to first place. In 2018, the astrophysicist Neil Degrasse Tyson, a reputed disseminator in the United States, compared his figure with Steve Jobs or Bill Gates and said he was “Inventing the future”. In 2021, Time yes he pointed to Musk as the most important person of the year

In a short time, the screws have changed and now Tesla’s actions have collapsed.

Or is it something that was already counted?

The most powerful man “not voted”

With those words they described in The Guardian To Elon Musk. 2024 had been the year in which the tycoon had managed to rise as one of the people who has the most power in the United States.

By Donald Trump, Musk does not have a political position in itself but directs an agency to which powers have been given to fire thousands of public officials if, simply, They do not respond an email. The Tesla CEO is applying the same dynamic in the structures of the State as already launched in its own companies, including layoffs that you have had to reverse subsequently.

A way of acting that has been accompanied by Nazi greeting During the power of Donald Trump, the Support for ultra -right -wing games as AFD in Germany or propose the dismantling of the International Space Stationamong other gestures and propositions.

The entire row of gestures, comments and decisions has caused the foreseeable citizen rejection. In Canada hundreds of thousands of signatures have been collected asking that The State withdraw the citizenship to Musk (He is the son of a Canadian citizen). In the United Kingdom, posters were hit against Tesla and its CEO with a clear “From 0 to 1939 in three seconds” referring to Musk’s Nazi greeting and the acceleration of their cars. In Germany it has been called the boycott projecting an image in Tesla gigafactoría of Berlin. In the United States they have been carried out Protests against dealerships And some owners have put an explained “Buy this before Elon went crazy”.

Musk’s image has plummeted, of course, for many of those who trusted that the company came to mark a before and after in the automobile industry. It is also easy to understand that it has improved among the voters of matches that They deny climate change or that, directly, They begin to disassemble the electric car recharge network.

But is there a direct correlation between the public image of Elon Musk and the fall in Tesla’s stock market?

The truth is that it is a difficult answer and we will have to wait several months to be able to give a conclusion more successful. It has also pointed out that The low sales of the company They punish Musk’s political positions but Tesla’s offer is at a key moment, replacing her Tesla Model and, The best -selling electric car in the world (and One of the best selling Adding all types of technologies), by an update that adds a more modern design.

Change, announced for monthsit is very likely that you have made potential buyers wait to know the new model. And to that we must add that, since it was announced, the new units will not begin to add in the sales list to the second quarter, when they begin to enroll. It will be then when you can see the real scope of the entire context in which we live now.

It is possible that part of the readjustment in The price of Tesla’s action (which started the year in $ 370 and already quotes at $ 280) has something to do with some numbers in 2024 that did not meet expectations but it is very likely that it has much more to do with an adjustment that had to arrive at some point.

There has always been talk of Tesla as Cult stock. This term refers to the actions that are based on the promises of the company or its leaders but do not have an economic basis that supports them. It is the perfect definition of how the company has maintained the blind confidence of investors for years despite its continued losses.

But to this we must add that the company’s actions They shot in 2020 and, later, last summer. Then analysts not justified, in the words of Bloomberg collected by Five daysthe reasons behind an excessive growth. Its price reached 90 times the value of its future benefits.

The promises of pricing of triggered shares have helped the value of the action be well above the real price. It has been spoken, for example, that The company’s value will reach 800,000 million dollars In 2029, auged by the Robotaxis service promised by Elon Musk last year.

That fired value made some analysts define it as “A meme action”given the high cost of it. We live an accelerated adjustment of it. Why is Elon Musk’s bad image dragging Tesla? For the bad sales results? Because, simply, the value of the action was completely fired? Time will say.

Photo | Google and Elon Musk in X

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