• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
DAVID BLACKMON: Tesla Could Be On The Brink Of ‘Blackberry Moment’

DAVID BLACKMON: Tesla Could Be On The Brink Of ‘Blackberry Moment’

March 22, 2025
JAMES CARTER: Trump Is Laying The Groundwork For America’s Future

JAMES CARTER: Trump Is Laying The Groundwork For America’s Future

May 15, 2025
Iranian Official Says Islamic Republic Open To Giving Up Nuclear Weapons Program For Trump Deal

Iranian Official Says Islamic Republic Open To Giving Up Nuclear Weapons Program For Trump Deal

May 15, 2025
Harvard Begins Funding Itself As University Feels Effects Of Trump Administration Cuts

Harvard Begins Funding Itself As University Feels Effects Of Trump Administration Cuts

May 15, 2025
JD Vance to Lead Delegation to Attend Inaugural Mass of Pope Leo XIV

JD Vance to Lead Delegation to Attend Inaugural Mass of Pope Leo XIV

May 15, 2025
Less Than Half Of Americans Favor DEI Initiatives On College Campuses, Poll Finds

Less Than Half Of Americans Favor DEI Initiatives On College Campuses, Poll Finds

May 15, 2025
Trump Wants to Make Gaza ‘Freedom Zone’

Trump Wants to Make Gaza ‘Freedom Zone’

May 15, 2025
Sean ‘Diddy’ Combs Rape Accuser Compared Erect Penis to a ‘Tootsie Roll’ In Lawsuit: Report

Sean ‘Diddy’ Combs Rape Accuser Compared Erect Penis to a ‘Tootsie Roll’ In Lawsuit: Report

May 15, 2025
LOU BARLETTA: Let President Trump Close The Deal

LOU BARLETTA: Let President Trump Close The Deal

May 15, 2025
Waymo Recalls 1,200 Self-Driving Taxis After Collisions With Gates, Road Barriers

Waymo Recalls 1,200 Self-Driving Taxis After Collisions With Gates, Road Barriers

May 14, 2025
Embattled House Dem Drops Trump Impeachment Effort After Backlash From His Own Party

Embattled House Dem Drops Trump Impeachment Effort After Backlash From His Own Party

May 14, 2025
Over 1,000 Starbucks Workers Go on Strike to Protest Dress Code

Over 1,000 Starbucks Workers Go on Strike to Protest Dress Code

May 14, 2025
Newsom Outlines $12 Billion Deficit and Freeze on Health Programs for Illegal Immigrants

Newsom Outlines $12 Billion Deficit and Freeze on Health Programs for Illegal Immigrants

May 14, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Thursday, May 15, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home Commentary

DAVID BLACKMON: Tesla Could Be On The Brink Of ‘Blackberry Moment’

by Daily Caller News Foundation
March 22, 2025 at 8:52 pm
in Commentary, Op-Ed, Wire
245 7
0
DAVID BLACKMON: Tesla Could Be On The Brink Of ‘Blackberry Moment’
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

Analysts at the investor advisory site Seeking Alpha published a piece on Tuesday in which they claim that Tesla could be facing what they call a “Blackberry moment” caused by a combination of political and market factors.

This article and the ongoing negative impacts on Tesla’s business fortunes are signs of just how much Elon Musk is sacrificing as he heads up the DOGE operation for the Trump administration.

The “Blackberry moment” analogy refers to the Blackberry communications device which dominated the personal handheld market for a decade until 2007, when Apple introduced the first iPhone. Blackberry, having failed to properly assess the market and to innovate to take advantage of evolving technologies, suffered an immediate, rapid decline from that moment forward.

I’ve been a critic of Tesla myself and am not a fan of electric vehicles in general due to their chronic limitations the industry has never successfully addressed despite having been in existence since the 1890s. Relevant to this analogy, I wrote a piece in 2023 in which I observed that Tesla body designs that seemed so innovative and even breathtaking a decade ago had become stale and were in need of updating. I still believe that to be the case.

I’ve also been a real critic of the Cybertruck’s exterior design, which is so radical that it without question limits its appeal to all but a small, wealthy subset of Americans who are far more interested in the virtue signal involved in owning one than in the real functionality of owning a pickup truck. Sales of the Cybertruck have been ok so far, but just ok, and seem destined to decline as the audience for them fades.

On the other hand, Tesla remains far and away the most successful U.S. electric vehicle maker, and, as Seeking Alpha points out, even after its recent decline in stock price still sports a market cap that exceeds that of the next 9 automakers combined.

That’s astonishing.

But Tesla’s current $766 billion market cap is a 50% decline from the company’s value just three months ago, and Seeking Alpha correctly points out that it is a pace of decline that is wholly unsustainable. Unfortunately for Tesla and Musk, the stagnating overall market for EVs in general means that a recovery is going to be hard to affect.

The Seeking Alpha authors conclude the piece with this assessment: “TSLA is a sell as protests and a collapse of brand image usher in an era of declining sales to be matched by a decline in investor sentiment.”

Oof.

The utter depravity of Democrat politicians, like Minnesota Gov. Tim Walz and Texas Rep. Jasmine Crockett, who this week gleefully encouraged the increasingly violent and obviously organized campaign against what is undeniably a great, uniquely American success story cannot be overstated. These and others who egg this campaign of domestic terrorism on should be ashamed and shunned by polite society.

Unfortunately, they are far from alone, and no Democrat elected official has overtly condemned the assault on Tesla to date.

Tesla was already struggling with market factors dictated by slipping demand for EVs in general before domestic terrorists began to mount this campaign against the company. Now, with the virtue signal aspect of its appeal in steep decline among America’s liberal class which has served as its main customer base, those problems have been multiplied.

So, is Tesla facing a real Blackberry moment? Here, it’s important to point out that that would require some innovative alternative EV company which incorporates new technologies that Musk and Tesla have failed to adopt.

If any such alternative exists today, it hasn’t been made apparent. In fact, most of Tesla’s U.S. competitors are either in bankruptcy or teetering on the brink. Plus, given the reality that the vast majority of real innovations in the EV space for more than a decade have been developed by Tesla itself, the rise of any such competitor anytime soon seems like a real pipe dream.

Tesla is definitely under siege and far from healthy right now, but rumors of its impending demise seem wildly overstated.

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: big-tent-ideasDCNFU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th