• reddig33@lemmy.world
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    7 months ago

    Tesla should seek to oust Elon from the company. He’s ruining it. Cybertruck, falling sales, and important people heading for the exits.

    • Sludgehammer@lemmy.world
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      7 months ago

      Tesla should seek to oust Elon from the company.

      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.

        • GooseFinger@sh.itjust.works
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          7 months ago

          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.”

          • Wrench@lemmy.world
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            7 months ago

            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.

          • reddig33@lemmy.world
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            7 months ago

            That’s lovely, but conservatives aren’t the market for solar panels and electric cars.

        • Flying Squid@lemmy.worldM
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          7 months ago

          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.

          • Blue_Morpho@lemmy.world
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            7 months ago

            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.

            • Bloodyhog@lemmy.world
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              7 months ago

              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 )

      • Clent@lemmy.world
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        7 months ago

        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.

      • The Pantser@lemmy.world
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        7 months ago

        That’s what they said about apple too and they have done pretty well without Jobs, although their quality and vision have suffered.

    • Neuromancer@lemm.ee
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      7 months ago

      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.