They can’t. The only thing propping up the ludicrous stock price is the myth of “Elon Musk, Super genius” and the legions of Musk fanboys. If they kick Musk out they lose both and the stock will tank. So they’ve got to keep him in place, even as he runs the company into the ground.
It’s not. He even has defenders on Lemmy. Say that he has no experience as an engineer when it comes to cars and rockets and they come crawling out of the woodwork with quotes from people who worship him saying he’s totally an engineering genius.
I have a handful of tankie capitalism and “democracy” loving, American “traditional” leaning and religious Republican coworkers who absolutely still believe that he’s a genius. They feel that way about other billionaires too.
Edit: TIL that “tankie” doesn’t mean “capitalism and ‘democracy’ loving, American ‘traditional’ leaning and religious Republicans.” I guess the shorthand for that is just “stereotypical conservative.”
Edit - real question. I have doubts his neo nazi/ libertarian followers are buying EVs because they seem to actively want to harm the environment as much as possible.
I’m genuinely curious what the tankie demographic is like. I could see them as off the grid solar/battery doomsday prepper types.
Stock value can take a very long time to adjust. Once consumers and institutions buy a stock, they can’t sell it easily. It’s either a loss to sell it if they bought at a peak so they wait it out or if it’s up and they want out, selling needs to be spread out to limit capital gains tax. If it’s an institution with a large holding, it will cause the stock to drop before they’re out.
Mostly agree, but. As far as I understand it, for TSLA the majority of the bull run is due to relatively small investors riding the hype. Big stakes are indeed rare to change hands, and mostly outside the marketplaces. Should the small guys really change their mind on the stocks, they (or at least the first wave) will easily dump it, and that will move the market by a lot.
We can probably see it in YTD results, but still there is no dumping, in my opinion. Just a correction, so far.
Personally would not buy now, though )
Tesla should seek to oust Elon from the company. He’s ruining it. Cybertruck, falling sales, and important people heading for the exits.
They can’t. The only thing propping up the ludicrous stock price is the myth of “Elon Musk, Super genius” and the legions of Musk fanboys. If they kick Musk out they lose both and the stock will tank. So they’ve got to keep him in place, even as he runs the company into the ground.
The myth is gone.
It’s not. He even has defenders on Lemmy. Say that he has no experience as an engineer when it comes to cars and rockets and they come crawling out of the woodwork with quotes from people who worship him saying he’s totally an engineering genius.
“But he had the brilliant idea to use robots in automotive manufacturing!” /s
I have a handful of
tankiecapitalism and “democracy” loving, American “traditional” leaning and religious Republican coworkers who absolutely still believe that he’s a genius. They feel that way about other billionaires too.Edit: TIL that “tankie” doesn’t mean “capitalism and ‘democracy’ loving, American ‘traditional’ leaning and religious Republicans.” I guess the shorthand for that is just “stereotypical conservative.”
A Tankie is a Communist who likes Stalin’s method of achieving communism.
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I think you were looking for the word “ancap” instead.
That there’s a bootlicker.
Are your tankie friends buying tesla vehicles?
Edit - real question. I have doubts his neo nazi/ libertarian followers are buying EVs because they seem to actively want to harm the environment as much as possible.
I’m genuinely curious what the tankie demographic is like. I could see them as off the grid solar/battery doomsday prepper types.
That’s lovely, but conservatives aren’t the market for solar panels and electric cars.
Judging by the stock value - not at all. Enough ppl are THAT optimistic.
Stock value can take a very long time to adjust. Once consumers and institutions buy a stock, they can’t sell it easily. It’s either a loss to sell it if they bought at a peak so they wait it out or if it’s up and they want out, selling needs to be spread out to limit capital gains tax. If it’s an institution with a large holding, it will cause the stock to drop before they’re out.
Mostly agree, but. As far as I understand it, for TSLA the majority of the bull run is due to relatively small investors riding the hype. Big stakes are indeed rare to change hands, and mostly outside the marketplaces. Should the small guys really change their mind on the stocks, they (or at least the first wave) will easily dump it, and that will move the market by a lot. We can probably see it in YTD results, but still there is no dumping, in my opinion. Just a correction, so far.
Personally would not buy now, though )
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Yeah but his fart sucking fan boys still thing he’s a genius.
They also won’t because they are hand selected by Musk. 2 out of 3 board members share his last name.
The other is the alleged director of the board after Musk was forced to vacate the position. All indications are that she is his puppet.
That’s what they said about apple too and they have done pretty well without Jobs, although their quality and vision have suffered.
Far different scenario since Apple didn’t have much choice and Jobs left them with a product pipeline that wasn’t garbage
You didn’t look back far enough.
2nd times the charm in Apples case.
What’s that you say? The stock will tank?
Ousting him would be hard. He owns a significant amount of stock. I like the cybetruck
That said they need to talk him into a less visible role. Hire a real cto and put him in charge of secret projects
The board is all his buddies. That will prevent any real change.
How’d that meeting go? Alright, we’re going to take everything that made the DMC Delorean absolutely useless but add batteries!
At the original price I would have bought one. At the current price, most likely will pass.
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if they see their own investment dwindling, they will give him a golden parachute.
And he’ll go “That guy is now the CEO, I realized that I have to focus my time on (space)X, he will continue my vision”
One could hope. I love Tesla. Great technology. Great cars. Just need an adult to run it.
https://www.theverge.com/2020/6/25/21302804/tesla-ranks-last-on-influential-jd-power-quality-survey
https://www.kbb.com/car-news/report-75-of-tesla-model-3-owners-would-buy-again/
https://www.autoevolution.com/news/tesla-makes-it-into-consumer-reports-top-3-most-loved-car-brands-209891.html
So people who drank the Kool-Aid love the shitty car? Who would have guessed?
No, people who own them like them. I get you have weird thing about Elon but to me it’s a car.
What is my “weird thing” about Elon?
Is it that he thinks that I’m both a fake white person and am oppressing real white people? Because he says that’s the actual truth.
It is weird to have a “thing” about someone who thinks that is “the actual truth” about you.
It also has nothing to do with his shitty cars.
Is it really a weird thing?