They’ll get sold to BYD for peanuts, Elmo gets a huge check and the brand mutates into an offshoot with a disavowed back catalog of products.
Seriously, Tesla Board Members should be pelted with rocks and garbage for allowing this inevitability to happen. But they’ll all rake in millions too, so the only people getting shafted are the actual workers who were trying.
If Elon is kicked out of Tesla then it’s the first step towards Tesla stock being valued like a car company instead of massively overvalued like a speculative tech company. Share holders need to avoid that at all costs since that will result in a 5-8x drop. That’s why his insane ask for $56B wasn’t just laughed off. He knows he has leverage over them - they stand to lose more than 56B if he leaves. The problem is that while he stays, he 1) can’t shut the fuck up and 2) does dumb shit like this on a whim.
Will this be the incentive for stockholders to get rid of Elon? Or will they just let Tesla continue to wither?
The only people that have proven to be dumber than executives have been share holders.
They’ll probably suck Elon’s dick and give him another bonus if they buy his lame excuse he’ll definitely have on the next call.
They’ll get sold to BYD for peanuts, Elmo gets a huge check and the brand mutates into an offshoot with a disavowed back catalog of products.
Seriously, Tesla Board Members should be pelted with rocks and garbage for allowing this inevitability to happen. But they’ll all rake in millions too, so the only people getting shafted are the actual workers who were trying.
Almost read that as continue to twitter.
If Elon is kicked out of Tesla then it’s the first step towards Tesla stock being valued like a car company instead of massively overvalued like a speculative tech company. Share holders need to avoid that at all costs since that will result in a 5-8x drop. That’s why his insane ask for $56B wasn’t just laughed off. He knows he has leverage over them - they stand to lose more than 56B if he leaves. The problem is that while he stays, he 1) can’t shut the fuck up and 2) does dumb shit like this on a whim.
Well then, its a case of fraud that, when it compounds, will be unlike Enron. It will probably impact the market dramatically.