While Musk’s Twitter deal played a large role in Tesla’s stock price, a lot is going on with the automotive industry. When debating with a shareholder on Twitter about Tesla’s declining share price, Musk blamed it on the Federal Reserve rate hikes. At the time, the sale was worth around $3.6 billion, causing another large drop in Tesla’s stock price. So, Musk, in the middle of December, sold roughly 22 million shares of Tesla. Whatever the reason, it resulted in Twitter hemorrhaging money. Others simply didn’t want to do business with Musk. Volkswagen and General Motors, two of the largest automakers in the world, stopped advertising on Twitter in November following Musk’s takeover.Ī lot of brands took offense to using a social media platform that’s being run by one of their main competitors. All of Musk’s decisions and poor handling of Twitter caused brands to pull ads in droves. Once Musk completed the purchase, he made sure that he was the center of attention, changing policies, laying off staff, embroiling himself in politics, and introducing half-baked ideas like charging Twitter users to have a blue verified check mark next to their names – leading to some hilarious fake accounts. The Verge outlined all of the ways Twitter has changed, for the worst, since Musk took over. Obviously, the first thing is Musk’s purchase of Twitter. Here’s why Tesla stock is having such a hard time. Tesla stock is coming off of having its worth month, quarter, and year, and things could get worse before they get better. The outspoken billionaire is the main rudder for Tesla and is capable of sending the stock soaring with a late-night cryptic tweet or plummeting when he offloads millions in Tesla stock after promising not to do so. Most of Tesla’s problems can be traced back to its CEO Elon Musk. So, what’s going on? Well, there are a few reasons for Tesla’s dramatic fall. Usually, Tesla stock only climbs, so a sharp fall like this is rare. Traditional brands like Ford and General Motors are down 49% and 39%, respectively. Over the past year, the stock has dropped roughly 62% from $342 to $131. You don’t have to be a day trader or have a subscription to Tesla news to know that Tesla stock is not doing well. The first hybrid, AWD Corvette E-Ray is here - and some people won’t be happy Survey: Auto execs aren’t as confident as they used to be about EV adoption The 6 best sports cars under $50K: Get an amazing ride without breaking the bank From making the Geep that the Gorillaz used or recreating the buggies from The Grand Tour, the possibilities with a Meyers Manx buggy are endless.īMW’s latest project? An EV yacht dubbed THE ICONīMW i7 M70 xDrive: Meet the automaker’s most powerful EV ever Some will undoubtedly scoff at the Meyers Manx Remastered Kit, but we think it’s a great way to inspire a new age of enthusiasts to build their own buggy. Or, if you’re not into the whole DIY thing and sourcing parts makes you nervous, you can wait for the upcoming Manx 2.0 EV, which is an all-electric version of the buggy that’s set to go into production in 2024. From our point of view, $6,000 plus a donor car isn’t a lot to have an iconic dune buggy. Keep in mind that you’ll need to source a chassis, drivetrain, suspension, steering system, and lights if you’re hoping to have a Meyers Manx buggy that actually drives. You now have a small place to store goodies that will be safe from thieves you might run into while off-roading on the beach. The best feature that really showcases how modernized the Manx Remastered Kit is compared to the original one is the addition of a locking rear trunk. The kit also has a few modern touches that will make the vehicle easier to assemble for DIYers who want to complete the build in their garage, like a removable dash panel and integrated wiring tubes. The new Meyers Manx Remastered Kit utilizes 3D scanning that’s 100% digital to ensure that the fiberglass panels fit seamlessly together. That was Thomas’ intention from the beginning, as the designer claims that the goal with the “Remastered program was to preserve Bruce Meyers’ unmistakable design while incorporating modern touches that make full assembly accessible to more people.” Meyers Manx There’s some good news for enthusiasts that like the way the original Manx dune buggy looks – the design of the new kit essentially looks just like the original one. Now, the Meyers Manx has returned for a new generation of enthusiasts with some modern tweaks thanks to renowned automotive designer Freeman Thomas. The odd, frog-looking machine was one of the original DIY kits when it was introduced in the ‘60s and gave enthusiasts the ability to build a funky machine that could travel across sand better than a hermit crab. When most people think about a buggy, there’s a good chance they’re envisioning a Meyers Manx.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |