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Tesla pushes for $56bn pay deal for Elon Musk (www.bbc.com)

submitted 7 months ago by boem@lemmy.world to c/world@lemmy.world

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[-] Sludgehammer@lemmy.world 51 points 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.

[-] Blue_Morpho@lemmy.world 75 points 7 months ago

The myth is gone.

[-] FlyingSquid@lemmy.world 25 points 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.

[-] captainlezbian@lemmy.world 5 points 7 months ago

“But he had the brilliant idea to use robots in automotive manufacturing!” /s

[-] GooseFinger@sh.itjust.works 21 points 7 months ago* (last edited 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."

[-] Blue_Morpho@lemmy.world 35 points 7 months ago

A Tankie is a Communist who likes Stalin's method of achieving communism.

[-] dubyakay@lemmy.ca 14 points 7 months ago

tankie

I think you were looking for the word "ancap" instead.

[-] minibyte@sh.itjust.works 9 points 7 months ago

That there’s a bootlicker.

[-] Wrench@lemmy.world 6 points 7 months ago* (last edited 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 2 points 7 months ago

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

[-] Bloodyhog@lemmy.world 4 points 7 months ago

Judging by the stock value - not at all. Enough ppl are THAT optimistic.

[-] Blue_Morpho@lemmy.world 5 points 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 1 points 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 )

[-] T00l_shed@lemmy.world 1 points 7 months ago* (last edited 7 months ago)

Yeah but his fart sucking fan boys still thing he's a genius.

[-] Clent@lemmy.world 13 points 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.

[-] ThePantser@lemmy.world 3 points 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.

[-] Clent@lemmy.world 3 points 7 months ago

Far different scenario since Apple didn't have much choice and Jobs left them with a product pipeline that wasn't garbage

[-] NotMyOldRedditName@lemmy.world 0 points 7 months ago

You didn't look back far enough.

2nd times the charm in Apples case.

[-] scarabic@lemmy.world 2 points 7 months ago

What’s that you say? The stock will tank?

this post was submitted on 17 Apr 2024

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