Tesla shareholders are worried about the brand. Elon Musk’s purchase of Twitter has a negative impact. If the Elon wanted to reassure them, he stressed them out more than anything else….
Since Elon Musk bought Twitter, “Twitter’s valuation has dropped by 40%” and even edged down by 70% at the end of December.
These declines are directly related to the purchase of Twitter. But why? A lot of layoffs, technical problems… Elon Musk’s management of the small blue bird application is strongly criticized. This highly politicized social network directly influenced Tesla. But the owner does not seem to be affected by this situation.
Tesla shareholders dissatisfied
In a call to shareholders, where the car manufacturer’s financial results were announced, they explained that they were very concerned: Since Elon began exercising political influence, the Morning Consult and YouGov surveys show that the popularity of the Tesla brand has declined in 2022 and is divided along partisan lines. Such infringement of the mark may have an impact on the application. Does Tesla track the evolution of the brand’s popularity, and how do we mitigate any potential damage?”
Twitter, an indispensable for Tesla ?
But to justify it, Elon Musk said, “Let me check my Twitter account. I have 127 million followers and it keeps growing. That suggests I’m reasonably popular. I may not be popular with some people, but for the majority of people, my subscriber numbers speak for themselves. I have perhaps the most interactions in the world, probably on Twitter.”
But to justify it, Elon Musk said, “Let me check my Twitter account. I have 127 million followers and it keeps growing. That suggests I’m reasonably popular. I may not be popular with some people, but for the majority of people, my subscriber numbers speak for themselves. I have perhaps the most interactions in the world, probably on Twitter.”
To excuse his actions, Elon Musk tried to explain the positive effects of Twitter on Tesla. “I think Twitter is an incredible tool to create demand for Tesla.”
No real response was provided, Elon Musk continued to deviate on other topics.
Tesla still as reliable ?
If the brand loses the rating, the vehicles do not lose in qualities. The Tesla Model 3 and Model Y, the best electric cars of 2022, are extremely reliable. New, these vehicles are available for sale from €49,000. Large Range, Performance or Propulsion, several models are accessible for several types of driving. If you ever want to test these famous vehicles, Movo Car Rental offers them for rent. Electric car rental agency in the South of France, from 150 € you can drive these vehicles a day, or much more.
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