Economics
CEO loses investors $68 billion after $56 billion pay rise
I wish I could survive my company losing money
i truly do not understand how shareholders think, why the fuck would you keep tesla stocks at this point? sell them and invest in that chinese electric moped company for fuck's sake, infinitely more reliable
It's very simple: his votes, plus his family votes and the fact that shares held in index and funds vote always like the boards direct and they have the vast majority and every "voting" is just a farce.
Still up 16% since this time last year. More crash please.
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.
I’m happy to see the company go up in flames. Anyone still holding positions in TSLA deserves whatever happens.
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).
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.
I just want him to shut up and go away. Being fired would just give him more attention, and something else to whine about.
It would also greatly diminish his financial holdings...which would knee-cap his ability to actively fuck with society.
Won't happen. His board are all sycophants.
Then Tesla's investors should organize a class action suit against the board, for acting against their best interests.
Still massively overvalued.
Funny how the "America Party" wasn't created by an American.
Hitler wasn't German, Stalin wasn't Russian.
It coincides with a bunch of other stuff, like hints at Tesla regulation, tariffs, and regular wild swings just from being Tesla.
Tesla is up 16% over 1 year, 185.44% over 5 years, beating the S&P 500. Not that I would ever hold Tesla, but still, it's not like Musk's wealth has evaporated.
CNBC is basically the Fox News of finance world. Big, sensationalist and basically catering to day trader hype (not the longer term buy-and-hold crowd. You know, what the stock market is supposed to be). So maybe there's some cause and affect here, but I don't trust them on headlines like this.
CNBC loves to hate on anything Musk.
They're the ones who wrote a story about SpaceX polluting the area with high levels of mercury because of a conversion error / typo on the report.
I'm too lazy to look up exact figures, but it basically went like this in the report. (Smaller is better)
In 1 spot it said
Mercury test 1: 0.01
Mercury Test 2: 100
Then in another spot talking about the same values it said
Mercury Test 1: 0.01
Mercury Test 2: 0.01
I don't think they ever retracted it, but the headlines were all SpaceX polluting massively over allowed thresholds kinda thing.
The reporting was either so sloppy they didn't read the whole report or cross reference anything and just ran with it, or they knew and said fuck it we can get the clicks and it's technically in the report.
Please announce creating more parties.
📉⬇️ STONKS
Love to see it
7D chess, my mind can't follow.
I thought we were at 256D chess now.
"Why you'd pick such a random number?"- genius coder Musk
"I know for a fact that no coder would use such a number" - probably Elon Musk
Can we skip to the good part where is 100% bankrupt and no other billionaire bails him out and he ends up being arrested by a rookie cop doing his first drug arrest as Elon nearly ODs on illegal street ketamine and literally no one in the legal system cares when he is given a life sentence?
I'd settle for "dies a 90 hour non-instrument rated private pilot flying the Beech Debonair he just bought VFR into IMC by slamming into a hillside trying to fly under a 300 foot ceiling."
But he wouldn't pass a 3rd class medical certificate, would he?
I have a message. Elon Musk’s plane was shot down over the Sea of Japan. It spun in. There were no survivors.
Hooray!
Yep! Made me smile
Get fukt
The ~~America~~ Elon Musk Oligarchy Party.
will elon maco like the taco?
it was damaged before doge was created.
Literal and figurative car crashes! Woo!
If I were in the market for an EV, I have better options than a Tesla including some that are the equivalent of sub 10,000 USD. I just don’t know how well EVs can handle +50C temperatures.
I think Mattel makes better electric vehicles than Tesla.