Elon Musk’s polarizing political actions since acquiring Twitter, later rebranded X, in 2022 dramatically hurt the automaker’s U.S. sales, underscoring how deeply its fortunes are intertwined with the billionaire’s persona.

The findings quantify for the first time how the political actions of the world’s wealthiest person – including his role in U.S. President Donald Trump’s administration – may have cost Tesla billions in lost vehicle sales while benefiting rival electric carmakers.

Tesla’s U.S. sales would have been between 67% and 83% higher, or about 1 million to 1.26 million additional vehicles, from October 2022 to April 2025, had it not been for what researchers call the “Musk partisan effect,” according to a working paper from the National Bureau of Economic Research by Yale University economists.

    • partial_accumen@lemmy.world
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      4 days ago

      Then why are they wanting to pay him 1 trillion dollars? Rich people are weird.

      Because Musk is asking for it, and the Tesla board who are all his hand picked friends, are the ones that vote on it.

        • partial_accumen@lemmy.world
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          3 days ago

          The board doesn’t vote on his compensation package, the shareholders do.

          Are you being willfully ignorant or are you not aware that during a proxy vote, shareholders that don’t cast an individual vote let the board vote for them? The VAST MAJORITY of shareholders don’t vote. This hands an enormous amount of votes to the board that vote how they want. A proxy vote that goes against the boards recommendation, is very rare in the corporate world.

    • Ghostalmedia@lemmy.world
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      4 days ago

      He put two LED light bars on the old Model Y and came up with a cheap Model Y that covers the existing glass roof in headliner fabric.

      How is that not innovation?

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      3 days ago

      He controls the board. So it’s him wanting to pay him that (with the stipulation he magically increases the company market cap to like 8 trillion or something - like 4x what it currently is)

    • lemming741@lemmy.world
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      3 days ago

      I thought they were setting him up for a graceful exit when they could not agree on a ridiculous pay package