Early Tesla investor calls for Elon Musk to resign amid stock slump
Musk has gotta go, investor said.
At what point will Tesla be ripe for a hostile takeover? We could rename it 'woke'
The would need to crash another order of magnitude for anything to happen. Tesla's stock is crazy overvalued even now and the only justification for the over-valuation is the track record and insane over-promises of Musk. That's the reality as investors see it. They will still bet on him until they're thoroughly convinced that he's not the golden child anymore.
Yeah, so i drove my brothers brand new, fully loaded model X. That shit was sweet
until you hit a speed bump with the wrong vibe then it's more fire than sweet, in a more literal than metaphoric way.
With overvaluation its meant that they are the most valuable car manufacturer while having made the fewest cars (at least among the large ones and this is before tesla stock tanked)
Most of the stockvalue tessla has is made from musk generated hype, not from the company making cars.
I am not arguing about the car quality
He'll still own *the largest share of Tesla so it won't change anything.
*Corrected my post but the point remains: he controls the company and their image to such a degree he has to be asked to step away, all in an effort to improve his fortunes primarily.
He doesn't own Tesla. "Elon Musk Tesla CEO Elon Musk is the largest shareholder in Tesla. With over 410 million shares, Musk holds 12.8% of all Tesla shares." https://www.investopedia.com/articles/insights/052616/top-4-tesla-shareholders-tsla.asp#%3A%7E%3Atext=and+State+Street.-%2CElon+Musk%2Cover+410+million+shares%2C+Musk+holds+12.8%25+of+all+Tesla+shares.%2C-4
Musk gets his money from Tesla, and somehow manages to control the company with his minority stake.
The stock holder confirmation of the insane bonus to Musk is evidence of that.
The other investors may be collateral damage. But that's OK IMO, they support Elon Musk, otherwise they should have gotten out long ago.
The wealth from Tesla is what gives Musk power.
Sure it would.
Tesla is a public company. The public owns it.
It's a "publicly traded company", not a "public company" - so a company where anybody who has the money to do so can buy shares in it, not a company owned by the state (which can be States, Regions, Municipalities, the Central Government and so on).
Since a "public company" is one oned by the state, in a Democracy that means every citizen owns part of it and all have an equal share of ownership (via their electoral vote they chose directly or indirectly who manages the companies owned by the state), whilst a "publicly traded company" is only owned by some amongst the public (those who bought shares in it, which can only happen if they had the money to do so) and the sizes of each owner's stakes are highly uneven with a few owning far, far, FAR larger fractions of the company than the vast majority (so, not at all a democratic system).
You're on a roll, braniac
My prediction is that musk will eventually step down blaming the terrorist left. He'll use it for Twitter fodder for a while, then he will completely defeat the purpose by admitting on Rogan that he's still getting all the money via a pass through person.
Why would he need a "pass through person"? Man, the ignorance of lemmings is incredible...
I know, right? Such ignorance. Arrogance, too, I'd say
Tesla must go down. So long as Musk's wealth is tied to the company his influence will persist.
His real value is in SpaceX, unfortunately Tesla falling doesn't hurt him much, he only owns 13% of Tesla, but has 42% in SpaceX with much greater voting power. He could take a golden parachute from Tesla, forget about it and use corruption to funnel US funds into SpaceX.
But one thing it does hurt severely... his ego.
I think that Tesla stock was very heavily tied into the purchase of Twitter. I'm having trouble finding a source right now after Lutnik just encouraged Americans to buy Tesla stock.
So Tesla stock plummeting could have a huge influence on his ownership of Shitter.
SpaceX and Starlink next. I'm tired of funding his bullshit with my tax dollars.
Why would Elon want to do that, just to prevent someone else of loosing money?
If he resigned, kept his stock, and it was led by someone who actually increased the share prices, he’d make a lot of money.
It's a meme coin. Whether or not they sell cars is irrelevant (don't invest in Tesla).
Edit: The share price was 407 5th of November 2021.
"Chainsaw!"
No. Don’t step down you Nazi pig. Ride this wage right down to bankruptcy. I do not want you to resign, keep your shares and earn more from it. You deserve nothing.
Please stay on as CEO. I suggest everyone sell their Tesla shares. Not financial advice, but fuck f’elon, sell your stock.
Won’t someone please think of the investors?!
Please
Give a month will yah? I got puts at 170
