I just don’t feel comfortable building a robot army here, and then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no f**king clue. I mean those guys are corporate terrorists. Lemme explain the core problem here, so many of the passive funds vote along the lines of what ISS and Glass Lewis recommend. Now, they have made many terrible recommendations in the past that if those recommendations had been followed would have been extremely destructive to the future of the company. Now, If you’ve got passive funds that essentially defer responsibility for the vote to Glass Lewis and ISS, then you can have extremely disastrous consequences for a publicly traded company if too much of the publicly traded company is controlled by index funds. It’s de facto controlled by Glass Lewis and ISS. This is a fundamental problem for corporate governance, because they’re not voting along the lines that are actually good for shareholders. That’s the big issue, I mean, that’s what it comes down to. ISS Glass Lewis corporate terrorism. -Elon Musk, Tesla Q3 shareholder conference call, October 22, 2025
This is so stupid. If he has an issue with shareholder control, he has the money to buy the fucking shares. Sure, he has to pay the inflated bullshit price, but he can do that. Buy it and make it private, Musk. Then you can do whatever the hell you want with it, but it’ll be your money on the line. If you actually believe in the product than it should be fine, right?
Actually he doesn’t. Most of his ‘wealth’ is Tesla shares already. Even if he could toss everything he has just toward controlling more of Tesla, and if the shareholders accepted it at current market value, he’d only have a third of the company.
Tesla is crazy over valued for a company that has only been able to be a car company that is in 14th place, yet assessed as being more valuable than all the 13 more successful car companies combined…
Did you do the math including the shares he already owns? Anyway, he can take out loans with the shares as collateral to buy more shares. I’m pretty sure he could get back 50% control if he leverages his assets. If he actually believes what’s he’s saying, this is a reasonable move.