Tesla must go down. So long as Musk’s wealth is tied to the company his influence will persist.
SpaceX and Starlink next. I’m tired of funding his bullshit with my tax dollars.
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.
Why would Elon want to do that, just to prevent someone else of loosing money?
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
I actually like Teslas, I just hate Elon more. Fuck that narcissistic piece of shit.
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~%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.
… I don’t think Musk is relying on tesla alone. He has money coming in from everywhere. Hence, all of his inspired businesses.
The problem is that he also has debt, a large part of which is secured by Tesla stock. If that stock took a nosedive to 10% of its previous value, the owners of said debt might come calling.
Lol yall love saying this about rich people you don’t like.
" BuT but aLl oF HiS DeBt!"
Yeah… it takes money to make 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.
Tesla stock underwent a total of 2 stock splits.
The most recent stock split occurred on August 25th, 2022.
One TSLA share bought prior to August 31st, 2020 would equal to 15 TSLA shares today.
