• Basic Glitch@lemm.ee
    link
    fedilink
    English
    arrow-up
    42
    ·
    edit-2
    18 days ago

    I’m pretty sure Peter Theil fucked him over AGAIN. Thiel himself has been successfully lurking in the shadows to do evil shit and get what he wants, while Musk (although certainly far from innocent) has become the perfect scapegoat.

    For months Musk was this untouchable god that couldn’t be removed from Trump’s office. They got Elon to handle all the dirty work, attach his face and name to some truly despicable shit, made him the most hated man in the country, then gradually made him look like an annoying nuisance who was disrespected by all the “adults in the white house,” and got everyone to start questioning if his mental health was spiraling, and now that Theil’s protege is handling technology and AI policy they no longer need Elon to leave his fingerprints on everything do anything.

    • Ledericas@lemm.ee
      link
      fedilink
      English
      arrow-up
      6
      ·
      edit-2
      18 days ago

      thiels obsession with using palintir as a spying tool is a thing for him for like 10 years already, funny it was around the same time he brought down gawker, through the hot-dog skin maniac, hogan. i read somewhere the only reason he targeted gawker, was them reporting on his business pratices, and not because of the gay thing.

  • GoodOleAmerika@lemmy.world
    link
    fedilink
    arrow-up
    41
    ·
    18 days ago

    Let’s seal the coffin for Tesla. If it is profitable again, it will fuel fascism again. This brand need to go bankrupt.

    • TheFogan@programming.dev
      link
      fedilink
      English
      arrow-up
      7
      ·
      18 days ago

      With the one possible exception that Musk sells a large enough portion of his shares that not only does he not guide it, but no longer gains significant percentage of it’s profits.

      • lemmy_outta_here@lemmy.world
        link
        fedilink
        arrow-up
        12
        ·
        18 days ago

        No forgiveness for Musk, Tesla or its investors. If anyone in my family buys a car, a battery, a robot, a solar panel, or a stick of gum from Tesla I will never speak to them again. Investors could have gotten out when it became clear that Musk was a Nazi. They would have made a lot of money. Anyone who stayed with the company while the stock was over $400 and that piece of shit was throwing Nazi salutes deserves to lose every penny they invested. I will never walk past a Tesla without spitting on it.

      • Furbag@lemmy.world
        link
        fedilink
        arrow-up
        3
        ·
        17 days ago

        IMO, it’s not enough to just have Musk step down from the board, quit as CEO, or divest himself from the company. I didn’t like Tesla as a company or a brand very much before Elon went crazy. My issue with the company is that they were notorious slavedrivers in their factories since the very beginning and forced people to work overtime or risk being laid off to meet production quotas. I tried to interview at the Tesla Fremont factory and the guy doing interviews told me pretty straight-up that if I wasn’t willing to work 2 hours overtime every weekday, work on Saturdays and every other Sunday then I wouldn’t last a month at the company, so I didn’t take the job. As far as the brand goes, their quality control issues should be well known at this point - I see brand new Teslas with panel gaps wider than my finger rolling off of lots, so you know shit on the inside isn’t going to be any more well put together.

        If I were to ever buy one, Musk would have to not be in the picture at all, the company would have to issue a public formal apology to the consumers for both the behavior of Musk while acting as CEO and also for the numerous lies told about the features and capabilities of the vehicles, and finally they would have to start gradually repairing their brand reputation by improving the QC process and start making cars built to last.

        I don’t see any of that happening any time soon.

  • Grizzlyboy@lemm.ee
    link
    fedilink
    English
    arrow-up
    11
    ·
    18 days ago

    But he did it all himself? This is what he wanted? Either the headline is lying or he’s dumb as fuck.

  • barneypiccolo@lemm.ee
    link
    fedilink
    English
    arrow-up
    10
    ·
    17 days ago

    We haven’t heard much from him over the past few weeks, and now we get this earnings call, and it is far worse than expected. He’s known this was coming, and has been laying low, probably hoping things will improve some before making what he knows will be a disastrous earnings call. Its 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’s a safe bet that his board of directors is livid, and that he has been ordered by his board to get back to work, or be removed as CEO of Tesla.

    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, thus letting them off the hook for legal liability.

    Its doubtful Skum 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.

  • MyOpinion@lemm.ee
    link
    fedilink
    arrow-up
    8
    ·
    18 days ago

    It is just getting started. This company is going to Zero. Let this be a warning to all Nazi’s in the future.

  • Ton@lemmy.world
    link
    fedilink
    arrow-up
    7
    ·
    18 days ago

    And this is only the first quarter, when all the DOGE bullshit was still new. I can’t wait to see what Q2 is going to bring, sales drop wise. :-) This mofo deserves all the bad news that’s coming to him, I truly hope the bottom falls out of his debt ridden house of cards.

    • xenomor@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      18 days ago

      Earlier this year, I was seeing cybertrucks on the road regularly. I believe I was seeing at least one a day on most days when I ventured out somewhere. I haven’t seen one in the wild in at least two or three weeks. It’s a little disappointing too, because I miss flipping them off.

      • Ledericas@lemm.ee
        link
        fedilink
        English
        arrow-up
        1
        ·
        18 days ago

        i seen 1 at least once a week, and with the ugly wrap they do to make it look like its not a coffin.