I watched some kid from MorningStar on Bloomberg last night discussing the call with Elmo in Tesla’s economic future. He repeatedly said that everything was fine, that Elon often has several balls in the air at one time so he is spending time in the government’s not a big deal, and it doesn’t look like any downside to being in politics in Germany and America.
WTF? Tesla’s brand recognition is so unfavorable that people are showing their hatred of Tesla in Elmo by attacking cars and showrooms. I think German sales were down about 50%. My God, while those among Trump supporters who can afford one will buy one, the progressive and Democrats will largely refuse to buy a Tesla chest based on DOGE.
To have someone on TV who is supposed to be an economic sophisticate tell you that Elmo’s work on DOGE and his support of far right candidates in Germany is a nothing burger makes me seriously doubt everything that’s coming out of economic journalism today.