If they somehow manage to make Musk sell his shares, Tesla might become a viable company again.
Until then: I don’t care.
Idk, even before Musk went full meth head things were already heading south pretty fast - they’d completely squandered their first mover advantage and their “move fast and break things” approach was really starting to take a toll on their brand reputation. Teslas were already starting to be known as expensive cars with terrible build quality, then the constant delays and broken promises about self driving did them no favors either.
A Tesla made sense when they were pretty much the only really viable luxury EV, but when you can get equivalent cars (with better build quality) from established Western manufacturers for ~75% the price or from a Chinese manufacturer for ~60%, what advantage do they have?
Musk’s cult of personally is/was a big part of it, so they are kinda screwed either way - the stink of Musk won’t instantly vanish if they get rid of him, and taints everything while he stays
Do you know the saying, the revolution devours all its children.
The electric car revolution is over. Tesla is over.
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If and when that cunt leaves you people need to continue the Tesla boycott. The message should be that association with Elon is damaging long term to a company. And not that Elon will bring publicity and notoriety to your company which can be turned into sales and increased market shares long after he’s left. Because that’s how these idiots think. They’ll happily accept short term loss if they think the bounce back after he’s gone will net them even more.
His brand is toxicity so don’t support any company that works with him. Ever. Treat him like a rapist. Actually maybe that’s a bad idea… if you treat him like a rapist the US will probably elect him their next president 💀🇺🇲.
I’ve been expecting this for a good while.
Rule #1 Never believe his announcements. They may be true or not.
Rule #2 Always assume that most people believe in him and his announcements.
Rule #3 After applying the rules #1 and #2, sometimes you can see what he is trying to achieve with the announcement itself.
Most times it is about inflating his ego. Often it is about pushing (manipulating) the stock market.
So when he recently announced to "be allocating far more of my time to Tesla.” I immediately thought the hell you want to donate them your oh so precious time, again, suddenly (there would even be admitting a fault in it if he actually did), no you just want the stocks to stay up. And so I concluded that he doesn’t feel like taking responsibility at Tesla anymore.
I agree. And there is also a situation like this, where even if the claim is truthful, It doesn’t actually change anything. He could shift from being the CEO to being the number one advisor to the company, and given his ownership, it would still be the same in effect.
This won’t actually work, but you can’t blame them for considering it.
https://www.ft.com/content/60c778d4-9e1a-41e0-a1f4-8e0ba797954b
Tesla board denies launching search for Musk’s successor
How about a potato? On the minus side, it doesn’t do anything, but it has the advantage of not being an utter piece of shit that does nazi salutes.
Still less of a nazi.
Paywall
Learn to jump the wall https://lifehacker.com/how-to-bypass-a-paywall-to-read-an-article-for-free
Next weeks news: Tesla board members all die in tragic autodrive mishaps.
All have their X accounts barred for promoting hate.
Fucking finally
This should have happened awhile ago. Lots of good people work at Tesla and I’d like to be able to buy an American made electric without worrying about vandalism or worse. Yeah there are a couple of other options but this should be one too.
I mean, just because Elon won’t be CEO anymore doesn’t mean he won’t be getting funds from it to fund his bullshit. He’s still an owner of it…
Spoiler, assholes own everything. Good luck finding products that don’t make people you hate richer. Yeah you can find small niche products like beard wax from a local guy, but a car? Please tell me about a great car company.
For me there’s a big difference between funding someone anonymous (to me) who might be an asshole vs someone known to me who definitely is. I can tolerate the former, but not the latter.
It really is, knowingly supporting someone who is openly evil, is obviously worse than unknowingly supporting someone who is evil, but tries to hide it.
We should not let people be openly evil, it just feels like a real stupid move.
Well, Tesla ain’t a great car company, that’s for sure
Their products are shit
he’s a minority owner, don’t think he himself even holds a majority of voting shares outright–there’s some bullshit and shenanigans going on that gives him the ‘control’. iirc, it requires near-90% approval of all non-musk held voting shares to make ‘major’ changes like ousting a board member or ceo. that’s why he’s still ‘in charge’
it requires near-90% approval of all non-musk held voting shares to make ‘major’ changes like ousting a board member or ceo.
No, you’re thinking of News Corp and Murdoch’s shenanigans.
Tesla has a standard structure. He doesn’t own a majority of shares, but he does own a significatn percentage and investors aligned with him combined have enough for him not to be at any significant risk.
The directors however have a fiduciary duty to act in the interests of all shareholders, so going through the motions of considering a replacement ticks that box.
