Not good enough. His personal wealth is still backed by his ownership in Tesla stocks, and he’ll keep profiting and using them to bankroll his fascist fuckery and geopolitical interference.
Force him to sell his shares and divest.
I am not optimistic. Elon and his brother own majority in the board.
This is all smoke and mirrors. Board opens search for a replacement. Go through the motions of finding a replacement. Delay. Delay. Delay.
Then on a particularly active news cycle, report search has failed, and it gets buried beneath the bullshit that Orangatuan administration did that week.
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Now that every Tesla investor’s worst fears were confirmed by the recent earnings call, there is almost certainly a shareholder class action lawsuit on the way. He can’t claim that their losses are due to the vagaries of the stock market, they are directly tied to his personal behavior. He went on a narcissistic ego bender, throwing up Nazi salutes, waving chainsaws, and eagerly gloating about destroying the goverment and firing tens of thousands of people, among other things. It was a reasonable expectation that his behavior would have a negative effect response from the public, and damage both his, and the company’s, brand image, and yet he did it anyway.
After that self-indulgent display, the shareholders aren’t going to just accept their significant losses with an “Oh, well,” while he continues on as the world’s wealthiest man. They are going to want satisfaction. The only real question is do they sue him alone, or do they also sue the board members for not reigning him in and/or removing him? This report that they are looking for a replacemt means that they’ve decided to use the nuclear option, and get rid of him, hoping that will keep the shareholders from naming them as defendents, too.
Tesla is almost surely cooked by now. The damage he has done to their brand image is irreparable. The media always treated Tesla deferentially, treading lightly on any bad news, which was often. That media image allowed the stock price to inflate comically into a classic bubble.
Now his behavior has flipped the script, and his stock bubble has popped, and once a bubble has popped, it never reinflates. In the foreseeable future, nearly all media reports will focus on the negative, and the brand image will continue to be poor, and the stock will continue to have an overall decreasing trend. There is no reason to believe that the company’s brand image, once flying high, will improve over the rest of the year, and future earnings calls will continue to be negative. And it isnt just happening in America. If anything, foreign markets are in even worse shape.
Yeah, he’s about to get sued, and he doesn’t have a single defense that could save him. This is ALL him, and the shareholders will hold him responsible in court.
Tesla will file for bankruptcy in two years.
On the Q1 earnings call last week, Musk confirmed he would soon spend most of his time at Tesla again. That news, and Musk’s optimism about Tesla’s self-driving efforts, helped buoyed TSLA stock.
Lol! How are people this gullible? Tesla will never be fully self-driving. Not without a lot of dead pedestrians in its wake, at least.
Didn’t you hear? Trump’s administration is redefining “full self driving” for Tesla:
Consumer Reports noted that under the new rules, vehicles with advanced driver assistance systems like Tesla Autopilot will not need to report crashes using the system unless it involves a fatality, an injured person requiring hospitalization, a pedestrian being struck, or an air bag deployment.
They’re also making sure Tesla is excluded from the tariffs that it seems every other car manufacturer will be having to pay for parts and materials.
I haven’t looked up the details, but apparently Trump went to Michigan this week to announce some kind of tariff reduction to Detroit.
They should have done this back when he made it clear that he was a fucking nazi.
And yet Tesla decided to stick with the neo-Nazi at the helm.
Good luck with that.
This will be very interesting and entertaining to watch…🍿
Puts on TSLA.
Buy TSLZ.
Wow. Tesla is nothing without their Nazi. This is gonna get fun.
I’ve been suggesting it for over a year. They’ll get rid of Elon and sell off their charging infrastructure to either an existing energy company (ExxonMobil) or a competitor like Chargepoint.
The Tesla brand needs to die. Any company/organization that outs itself as Nazi sympathizers needs to just die.
On top of that we need to follow the money. Do the Nazi sympathizers open shop under a new name?
Reminder, Fuck Nazi’s. It is that simple.
Excellent! I’m looking for a new job. 😉
Maybe Steve Bannon? Still nazi-like but not throwing up actual sieg heils.
