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this post was submitted on 07 Jun 2024
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Tesla stock is worth more than most other car companies combined. Musk's genius is knowing how to pump stock. The company would do much better without Musk, but the stock would tank. No one else is willing to lie, cheat and sacrifice safety like Musk to keep the stock high.
I can certainly see that argument, but I'd counter that eventually the Musk bubble will pop and that day is coming like a freight train. Better to ditch him now while they can than suffer the cost of keeping him.
I agree, the stock will tank eventually. I just think it would be immediate if Musk left.
Better than spending 56b to put it off temporarily.
Shareholders don't actually care about long term viability as long as they can sell before everything goes to shit.
Tesla is in the sp500. Investors in that area tend to want long term results. It's sold on the basis that you stick your money there and ride it for the next 20-30 years.
Yeah I don't care how good you are at "pumping up a stock." That's not genius.
Cunning? Sure. Savvy? Ok. Clever? Eh fine.
Genius? Lol fuck off