this post was submitted on 07 Jul 2025
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Economics

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Elon Musk said he would form a new political party called the “America Party.”

Tesla shares fell Monday after Musk’s announcement.

Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.

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[–] Archangel1313@lemmy.ca 39 points 5 months ago (4 children)

They should be seriously considering firing this fuck, by now. Everything he's done for the last couple of years has cost his investors money.

[–] athairmor@lemmy.world 30 points 5 months ago

I’m happy to see the company go up in flames. Anyone still holding positions in TSLA deserves whatever happens.

[–] homesweethomeMrL@lemmy.world 14 points 5 months ago (1 children)

Hahahaha - have you seen “the board”? It’s several bought-and-paid-for dipshits and members of his family. He’ll make a good decision before they oust him.

Not happening. Never (unless it’s part of a scam, then yeah sure why not. Gotta fleece the stooges).

[–] Archangel1313@lemmy.ca 7 points 5 months ago (2 children)

Then it sounds like it would be a slam-dunk to prove in court, that the board is no longer honoring its fiduciary duties to its investors.

[–] homesweethomeMrL@lemmy.world 1 points 5 months ago

Yep. Good luck!

[–] magnetosphere@fedia.io 3 points 5 months ago (1 children)

I just want him to shut up and go away. Being fired would just give him more attention, and something else to whine about.

[–] Archangel1313@lemmy.ca 5 points 5 months ago

It would also greatly diminish his financial holdings...which would knee-cap his ability to actively fuck with society.

[–] neukenindekeuken@sh.itjust.works 2 points 5 months ago (1 children)

Won't happen. His board are all sycophants.

[–] Archangel1313@lemmy.ca 5 points 5 months ago (1 children)

Then Tesla's investors should organize a class action suit against the board, for acting against their best interests.