“2022 saw
a lot of shareholder wealth destruction for Tesla,” the conversation began on CNBC last week, with added emphasis to get the point across.
“It’s hard to say if it could go any further down; it’s been a horrible season for Tesla,” the analyst pointed out with an extra dose of intensity.
Many have pointed out that the reporting on the company in recent months has increased both in its fervor and in its negativity. In fact, some think the media at large has seemed breathlessly gleeful, almost gloating about the recent decline of their once-prized Tesla.
The great Rush Limbaugh used to say that liberalism was the religion of the Left. He believed that, for its adherents, the ideology trumps all, including God, family, country, relationships and careers.
Is that the explanation as to why the legacy media has turned so quickly and viciously against their darling, Elon Musk? All because he dared to offer transparency, inclusion, equality and diversity of thought to the social media network previously dominated by liberals?
“Musk has gone from a superhero on Wall Street to a villain,” said Dan Ives, Wedbush Securities Managing Director & Senior Equity Research Analyst, on a financial program last week. “I think for someone that’s viewed as a modern-day Albert Einstein, Thomas Edison, it’s more of a Howard Hughes-type moment, right? I think the question now is, does he start to focus more back on Tesla, away from Twitter? Because that’s really been it. It’s a brand issue. It’s been a black eye for Musk. A black eye for Tesla. But it goes back to investors. This is a name they want to own as a transformational company. They just can’t keep having Musk, cause every time he tweets something, the controversy, it’s created ultimately a black cloud for Tesla.”
Among any criticism of Elon Musk in recent months is the charge that his Twitter purchase has negatively impacted his flagship asset, Tesla.
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