Sales tank as investors get ready to decide whether to make Musk a trillionaire.
Tesla’s shareholders are ready to vote tomorrow on whether to give Elon Musk an even more vast slice of the company in an effort to keep him focused on selling electric vehicles. Currently, the trolling tycoon appears a little obsessed with the UK, a place he appears to conflate with Middle Earth, which investors may or may not take into account when making their decision. What they ought to take into account is how many cars Tesla sold last month.
Although Tesla only publishes quarterly sales figures and does not divide those up by region, slightly more granular data is available from some countries via monthly new car registrations. And the numbers for October, when compared year on year to the same month in 2024, should be alarming.
Yes, I’m sure giving him a gift of money for behaving how he currently is behaving will make him re-think his current behaviour and start behaving differently.
A journalist who is often a regular on a podcast I listen to has a theory on why Musk is seemingly obsessed with the UK - he’s up late (due to ketamine, although she doesn’t go as far as to say that explicitly), and people in the US are asleep so he’s got no tweets to react to. We’re awake here in the UK, though.