Don’t feed the Twitter trolls by buying a Tesla
Fed up with the hate speech on Twitter? Speak up with your pocket book.
A car is the ultimate self-expressive benefit brand — you are what you drive. Do you want to support what Musk is doing? Support the Republican regime that’s stripping you of your freedoms?
Speak up with your pocketbook. Boycotts are powerful, especially against Musk who’s leveraged his Tesla stock to finance his Twitter purchase.
“The net favorability of Twitter among Americans declined 5%. That’s bad for Elon. What’s catastrophic for Elon is the contagion: Tesla is faring worse. In the same period, net favorability of the Tesla brand dropped 6%. Among Democrats, it’s down 20%. Few brands fall this far this fast. Tesla’s brand erosion, coupled with the explosion in EV choices, will likely dampen growth.
Elon’s liquid wealth (i.e. wealth he can convert to cash) is mainly in shares of Tesla. According to the automaker’s SEC disclosures, Elon has pledged 277 million of his 445 million shares toward personal loans.” – Prof Galloway
Send Musk a message
How every Tesla purchase helps Musk
“Elon’s commitment to free speech appears to amount to letting right-wing trolls back onto the platform and selling blue checks for $8.
There’s a decent chance Musk won’t be able to come up with the cash. Yes, he’s the richest man in the world. But wealth and liquidity are not the same. Elon’s liquid wealth (i.e. wealth he can convert to cash) is mainly in shares of Tesla. According to the automaker’s SEC disclosures, Elon has pledged 277 million of his 445 million shares toward personal loans. And those disclosures were made before he bought Twitter — it’s possible he’s pledged even more.
On top of that, he’s already sold $35.8 billion of his Tesla holdings just in the past year, to pay taxes and buy Twitter. Stocks trade on supply and demand, and as Elon sells he’s increasing the supply. In his last round of selling, he dumped $4 billion of TSLA onto the market between November 4 and 8. The stock price fell every single one of those days, from $215 to $191 overall. (The S&P 500 was up 3% over that period.)” – Prof Galloway
Dr. King on economic boycotts
“We don’t have to argue with anybody. We don’t have to curse and go around acting bad with our words. We don’t need any bricks and bottles. We don’t need any Molotov cocktails. We just need to go around to these stores, and to these massive industries in our country, and say, “God sent us by here, to say to you that you’re not treating his children right. And we’ve come by here to ask you to make the first item on your agenda fair treatment, where God’s children are concerned. Now, if you are not prepared to do that, we do have an agenda that we must follow. And our agenda calls for withdrawing economic support from you.” – Dr. King – HuffPost
Take Away: Don’t feed the Twitter trolls by buying a Tesla.
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Reposted from Democracy Labs with permission.
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