Elon Musk would still own an enormous portion of Tesla, so if you want Elon to be punished you should never forgive Tesla for enabling Musk
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Meh. The only possible reason to keep accumulating after a billion is for respect and power. I'm pretty sure Elon has fucked up both to the point where most of his money gets him nothing. I'm pretty sure he is headed to a "death of despair" type ending before long.
I want you to be right, but I’ll believe it when I see it.
Basically we're all just waiting for him to die of a ketamine overdose.
Looking forward to him being found face down in a hot tub
I'll do it. Here's my CV. As you can see, compared to the current CEO it's vastly better:
- can beat a tutorial boss. In fact, has beaten many final bosses
- has never done a nazi salute
- is loved by partner and child
To top it off, I'll do it for the low low price of 200k/year
LOL was just shitting on him having no friends, damn this guy literally goes to bed fucking knowing nobody likes him
Anybody else I’d hope their self-defense mechanisms (“Biden’s the reason people hate me” “I’m huge in ~~Japan~~ somewhere” “no friends but that caviar was great today”) would kick in, but sorry no sympathies extended to those who sent their “heart” out to us
I vote for this guy to run Tesla, and governement.
I, for one, welcome our new overlordoflocksley
The American consumer is a fucking idiot, this has a high chance of success as people forget about Elon and go back to buying them.
I mean, in fairness, do we have any qualms with the rest of the company? Elon was directly responsible for pretty much all of the cyber truck decisions. But the regular Tesla's, aside from Elon prohibiting lidar and making false claims about self driving, are pretty decent. Without him, lidar might get implemented, the cyber truck will probably be scrapped, and real engineers will have their voices heard again.
Isn't that kind of what we want from a company? To realize their errors and remove the cancerous parts?
He will still have a shitload of shares. I don't need to get into the nitty-gritty detail of whether I hate the company or its products; his stock in it is what allowed him to buy the election for Trump, so fuck Tesla.
Tesla was garbage before Elon came out as a Nazi. The quality control is non existent and has been.
Yes, and that's another reason the company is failing, and I won't buy a car from them. But, that's not the point here, the point is Musk's stupid antics are having major consequences for him. The only value he's had for the company for years is as a mascot. The company succeeded so far as it has in spite of Musk, not because of him. Same for SpaceX.
It's literally the opposite. The company has only done well in the past because of his antics. Tesla currently has a price per earning ratio of 155. It's only even this low because now people realize he's a Nazi. In the past, I've seen their price per earning ratio go as high as 350. If you know anything about stock fundamentals, you'd know that a normal ratio is around 20-30. Anything under would be a must buy stock and anything over would be a must sell, generally but not always.
But not Telsa. This isn't the first quarter sales have been down for Telsa. In the past when it happened, Elon would just do something stupid like launch a car into space, make a small flame thrower, or do some stupid meme shit and the price would still go up, despite a bad earnings call.
Since the first non roadster Telsa, they have been making shit quality cars and selling features as a subscription. If it wasn't for captain dipshit doing stupid stuff and fooling people into thinking he's smart, that company would have failed. Or he would have sold his portion back to the original owners and they company might have produced quality cars like the Roadster.
Are you assuming Elon would no longer own stock or have other ways he'd continue to profit from Tesla?
Why do you want a redemption arc for this overvalued company so bad? You holding a bag?
Still means fuck all as long as he holds his Tesla shares. All you're doing is making him more money by making the shares go up again.
Drive the stock into the forking ground.
The board needs to not only punt Elon, they need to buy him out.
I'll consider Tesla as an option a decade after he's been scrubbed from the company.
Do they really think this will be "the golden move" to save Tesla? It's still Musk's company. The brand is toxic forever.
If he isn't forced to leave the board and divest all stock, Tesla is still dead.
Hell, even then...
Let it be very, very clear that the board had no problem with Musk's sieg heils. They only care because they've lost a massive chunk of their stock value. Don't support nazis. Don't support Tesla even if Musk has been completely removed.
Elon needs to be removed from the board and all his stock returned to the company. Only then can they start looking at cleaning up their brand.
Should probably even rebrand at that point
Yeah no shit, get Nikola's name off that shit. Call it Edison Motors or something :)
naw, they'll rename it T and buy out T.com
"Alright let's go, everyone in the T-mobile!"
I volunteer as tribute if it means I can get fired in 6 months for my incompetence and be provided with a $25 million dollar severance package.
Hell, I can be twice as incompetent for half as much!
I cannot coherently express how much I hope he gets margin called on all of the leveraged assets he has that are underwritten by his TSLA shares
me me! pick me!
I vote for this guy.... Oh wait I have no shares of TSLA
That’s OK. The most important thing is to be incredibly rich. Can you work that?
Musk, with his DOGE, has even abolished the federal department responsible for ensuring that all cars coming to market follow compliant minimum safety regulations. Purely intentional so Musk can market his cars without any oversight. Safe or not. And dare you complain about that: Musk has an army of lawyers who will immediately take any negative publicity or negative comments from users to court. Need proof? https://apnews.com/article/tesla-china-musk-investigation-takeaways-422af6d3c6e7cc88173d12891e8c0a9a
I've been expecting this, and it isn't the only thing coming.
Before the recent earnings call, which was far worse than we even expected, we hadn't heard much from him over the previous few weeks. He knew that terrible call was coming, and had been laying low, probably hoping things would improve some before making what he knew would be a disastrous earnings call. It was the equivalent of watching your diet 3 days before a doctor's appointment, hoping your weight gain and cholesterol increase won't be as bad as you know it is.
Also, it was a safe bet that his board of directors was livid, and that he had been ordered by his board to get back to work, or be removed as CEO of Tesla, and now it looks like they are moving toward with firing him. So why that decision?
The probable reason is that now that the earnings call confirmed what everyone suspected, there is almost certainly a shareholder class-action suit brewing over his reckless and irresponsible behavior over the last several months, which has directly caused severe, and probably irreparable damage to the company's brand image AND it's sales around the world, as well as tanking the stock price, an unforgiveable sin in the investing world. Now that the bubble has popped, it will never inflate again. As future earnings reports are released, and sales continue to slide, the stock will continue to decline, and the cycle will continue until bankruptcy. And it is all traceable to Skum's self-indulgent, egotistical behavior.
The only question is will Skum be the only defendant, or will the lawsuit also name the individual members of the board, for not reigning him in, or firing him. They don't want to be sued alongside him, so they are forcing him to get back to work saving Tesla, or even getting rid of him altogether, thus letting them off the hook for legal liability.
Its doubtful Skum, or anyone else, will be able to save Tesla at this point, its almost certainly too late. It is also probably too late to avoid a shareholder lawsuit. Investors have lost millions of dollars, not due to the vagaries of the market, but due to Skum's outrageous behavior, like throwing up celebratory Nazi salutes on national TV, which, as CEO, he should have realized would damage his company and its investors significantly.
And arguing that he didn't recognize the danger in advance is no excuse at all for a CEO, who should have been able to predict the response to his self-indulgent ego bender.
Shareholders have lost many millions, and they won't just let that go with an "Oh well." He's likely going to get sued, and the board is just making sure they don't go down with him.
Yeah, except he and his brother own majority shares in Tesla and pretty much hand-picked the board. I bet this is nothing but performative; they get a new ‘face’ for the company while he still runs Tesla from the background, Wizard of Oz style.
Why do I feel like they are just pumping the stock up? What is to stop them from changing their mind and selling the moment they say "Just kidding!" . Rinse and repeat. Might as well since market manipulation is not illegal anymore if you are in the three comma club.
I wouldn't be surprised if DOGE nationalizes Tesla and puts it under Musk's command. Gotta have Cyber Tanks for the regime, right?
"Please put down your weapon. You now have 15 seconds to comply."
Robocop's corporate dystopian nightmare is closer and closer to reality.
They should look into filing for Chapter 11 bankruptcy and liquidating the entire company.