OK that’s enough: Why Elon Musk is the wrong person to lead Tesla
- by Toronto Star
- Apr 27, 2024
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Then there is Muskâs pet project, the Cybertruck. It was promised to be an affordable but futuristic pickup truck. 2 million preorders were placed. Upon release, it was more expensive, less powerful, and less practical than advertised. It has since been plagued with a variety Then came a recall of every truck sold after it was discovered the accelerator pedal might stick at full throttle.
The total number affected was reported as a paltry 3,878 vehicles. No-one expected an $80,000 U.S. truck to light up the sales charts, but for one of the most talked about vehicle in years, that is an unmitigated disaster.
Interest rates have made all cars less affordable
Even sales of their popular models are dropping. In the first quarter of this year, Tesla made 46,561 more cars than it sold.
Itâs likely that at least part of what happening here is due to the rise in interest rates, which have made all cars less affordable.
But the buyers most likely to turn to EVs â environmentally-minded progressives who are also early adopters â are starting to get turned off by Elon Musk.
The tech figurehead has taken to posting a number of questionable things on X, what used to be called Twitter: first merely juvenile or simply unfunny jokes; but more recently, conspiracy theories and material favoured by the hard right and white supremacists such as the Great Replacement Theory, an idea that whites are being replaced in order to mysteriously entrench left-leaning politics.
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