Keep it going. Canada, you’re doing great.
Now that’s a sign of a healthy company!
IF you have Tesla shares AND you waited for a sign to sell them all asap …
Musk has previously bragged that employee stock awards helped fend off unionization efforts in Tesla factories.
Indeed, Tesla is currently the only major American automaker whose workforce isn’t represented by a union. Musk’s strategy has previously been to pay employees much lower salaries than other American auto companies, offset with those Tesla stock awards.
Now that employee stock holdings are in the toilet, the leverage Musk once had over his laborers is quickly slipping through his fingers. The deeper Tesla’s stocks plummet, the closer Musk pushes his underpaid workforce toward the bargaining table — which would be a huge cut to his own personal fortune.
But that’s something only Tesla’s employees can decide. In the meantime, calls on Musk to step down as Tesla CEO are only getting louder.
You expect unions to remain “legal” if that happens?
I expect hungry laborers who watched friends and family die in unsafe working conditions to do what is necessary.
Labor and capital have fought literal battles here before
Yep. They done fucked up letting this entire country arm themselves to the teeth. It’s time for some armed labor movements on factory floors. Worker takeover of the company.
Historically, that’s when we collectively reach for the ammo box. Hopefully we get it right this time.
So he can sell his and cash out first?
Nah. Tesla’s dead. Now we need to kill spacex
who would invest in a car that’s so susceptible to spontaneous combustion
And so attractive to molotovs
I sold my Tesla stock long ago, before it crashed, because I wouldn’t support M-Rat.
Now I’m thinking of buying a share, only because I want to be in the inevitable class-action lawsuit that is absolutely coming, blaming Musk for recklessly and predictably tanking the stock price, and the Board of Directors for not taking action and removing him from his job when he went out of his mind.
Could just buy puts
Puts don’t get you into the class action lawsuit.
Sell your stock. Make the bank cash out elon stock so that he pay taxes on his loan collaterals
I mean, if Jim Cramer is telling me to buy something, I’m gonna sell it. If he’s telling me to sell, I’m gonna buy more. Never seen a stock guy wrong as often as him.
so this bad use of oxygen psychopath has the nerve to ask his employees, who always exploits, and have a high chance of losing their job soon, to keep the investment on the swasticar so they have double the risk: their salary and their investment.
And all for personal gain… why I’m not surprised? and why is he still wasting precious oxygen?
It surprises me that people that get stock rewards in their company don’t instantly sell them. Yes, you pay more in taxes because of capital gains, but you can avoid that by waiting a year to sell if you really want to.
I work for a tech company that offers ESPPs and gives stocks as bonuses. I sell those instantly and just take the guaranteed profit and turn them into index funds. There is just no way in hell I’m linking my employment AND my stock portfolio to a single company.
COULD I potentially make more by waiting? Sure, but that is not a risk I ever want to take. I’m not gonna be holding my companies stock and have it tank in value AND lose my job at the same time.
Invest in stocks or index funds that are unrelated to your field of work. That’s my advice anyway. You should never have all your money sitting in a single companies stock anyway.
yes I do the same, I never understood people’s “loyalty” of holding.
Is just double risk.
dont you meant keta-cocaine-alcohol psychopath
I may not know anything about the stock market, but I think this means everyone should sell their stocks.
He’s hoping everyone else doesn’t liquidate before he can. lol He’s trying to leave everyone else holding the bag.
Selling high is good financial sense. I’m sure a business man as good as Musk would say that too.
It’s been holding at about 245 for a week. Bummer is not going lower.
It’s being artificially pumped, according to the WS guys. They know this is going into solvency territory.
After this pathetic shit-show, it’s going to drop more.
Would he do the same for you?
If I had Tesla stock my terms would be that Elon Musk literally has to kiss my bare ass for me not to sell my stock. Then if he does it, I sell anyway!
Would it make sense to have bought it in the past just for leverage now? (not asking about 1 stock but if a ton of ppl did)
The traditional “leverage” is just the standard CEO - stockholder relationship. The CEO manages the company well and the stockholders reward the CEO with payment and/or by making the stock price go up by buying more and/or not selling. IMO that basic relationship broke down a while ago, but the stock market has been unhinged for so long that it seemed to not matter.
