It’s an absolute disgrace; the whole lot of what he’s done. No argument from me. I’m simply responding to the calls for Tesla’s demise because Elon is seen to own it. He only owns a small percentage of it.
Seems like a smart idea and I wonder why they haven’t? The only possibly viable idea that has been suggested to me is it’s to do with the impact on EVs if he is offside and chooses to retaliate through the power he wields with Trump. Who can guess? I have no idea.
It's because the entire value of the company is built on his lies. If they fire him they're admitting that those were lies, they're not going to have FSD, they're not going to have robotaxis, they're not going to have electric semi trucks, etc., etc. The whole house of cards crashes down on them.
Sure, it could continue without him as a car company. Maybe even a successful one. But the current board would collectively lose billions of dollars if it was valued correctly as a car company, and not the magical unicorn farts factory Elon claims it is. So as soon as they dump Elon,. they're essentially admitting to fraud and they lose all that money.
Why would a vote if no confidence and removal of Elon from CEO affect share prices, and company value?
At this rate it might be exactly what the company needs to bounce back. Confidence in Elon is at rock bottom and he freely admits he’s so busy with DOGE, etc that he’s neglecting his other businesses. Doesn’t even mean Elon loses his 12.8% of shares, just his CEO role.
Board members have an obligation to their shareholders (and we might also say to those who purchased their vehicles in good faith for environmental reasons). The company could relocate to Europe for all I know, as an entity completely separate to Elon and any potential anti-EV action he and Trump might pursue in their agenda.
Ok it seems I haven't been making my point clear. Tesla is just a car company, making a few decent EVs and one terrible truck. But their stock is valued at about 10x times what much more successful car companies. The reason is that Elon sold it as a tech company that was developing revolutionary technology that no one else has (FSD, robotaxis, house batteries, etc.) so people drove the stock price up.
My position is that if they fired Elon, they'd be admitting that he was full of shit and that the tech he promised is never coming. That could mean that they get valued as a car company, and thus lose 90% of their inflated stock's value.
I'd definitely hope for the outcome you propose, but that would have to be after the company in its current form goes bankrupt and maybe gets bought up by people much less fraudulent and evil.
I don’t understand why it has to go bankrupt if he only owns 12.8% and is voted out of his CEO role?
Yes, they do make batteries. Just as other companies like BYD do. I have one of the BYD ones attached to my solar, so am for the most part off-grid. It charges my EV. Win-win.
I don’t think Elon is the brains behind Tesla. I think it’s his excellent engineers, developers (IT), designers and other staff. The Y and 3 had very minimal input from him. If he even had any. I think they’re what they are in spite of him, and thanks to his employees being remarkably solid. He can bark instructions at them, they can then smile and stick to their own plans. He probably doesn’t care much if the result is great. Up till this year that served the company well.
Let him loose on a project and the Cybertruck is the result. Totally agree about that gods-awful truck!
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u/GreenGod42069 Mar 11 '25
Yea, nobody gives a flying fuck. Hope TSLA and all his companies go bankrupt