this post was submitted on 22 Feb 2025
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United States | News & Politics

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[–] njm1314@lemmy.world 41 points 1 day ago (2 children)

Wonder how the shareholders of Tesla react to this kind of news. Surely surely this should cause them to lose confidence in their CEO. If nothing else does, surely this has to be the kind of thing that does it. He's publicly working against them now. How does that not cause people to lose faith in the stock and thus the CEO?

[–] Flagstaff@programming.dev 28 points 1 day ago (2 children)

I don't know if you've been keeping track, but TSLA's stock has been plummeting.

[–] njm1314@lemmy.world 21 points 1 day ago (4 children)

Which is why I don't understand how they aren't rioting to have him removed. He is hemorraging money for them.

[–] Flagstaff@programming.dev 15 points 1 day ago

Oh. Well, yeah, there are probably class action lawsuits brewing, but the fastest course of action is probably just to dump shares for now...

[–] jonne@infosec.pub 7 points 1 day ago

They tried to vote against a ridiculous part package for him, and the shareholders voted against that. A lot of the shareholders are Elon fanboys.

Because he is in a position to have them disappeared for complaining about it

[–] shalafi@lemmy.world 1 points 1 day ago

They think he'll have some play now, especially with government contracts. And they may be right.

[–] lemming741@lemmy.world 2 points 1 day ago (1 children)
[–] Flagstaff@programming.dev 3 points 19 hours ago

Yeah, look at the drop over the past month. It's not like he did the salute 2 years ago, geez.

[–] shoulderoforion@fedia.io 21 points 1 day ago (2 children)

Elon Musk has been mainlining the direct power of the entire United States Federal system for a month, he's high as a fucking kite on that shit, he couldn't give a solitary fuck if Tesla burns to the ground, he is one with the machine and is doing damage

[–] Corkyskog@sh.itjust.works 3 points 1 day ago

he's high as a fucking kite on that shit

Well that and copious amounts of ketamine.

[–] blakenong@lemmings.world 9 points 1 day ago

He stopped caring about Tesla long ago. I think he went absolutely insane when his kid transitioned. Blamed Twitter, bought it to kill it. Got buyers remorse, but also a shit ton of online attention. I think we all know how mental illness and online popularity goes. The dude just has so much money and power, along with a never ending hunger for “more.”