Sell your stock. Make the bank cash out elon stock so that he pay taxes on his loan collaterals
I sold my Tesla stock long ago, before it crashed, because I wouldn't support M-Rat.
Now I'm thinking of buying a share, only because I want to be in the inevitable class-action lawsuit that is absolutely coming, blaming Musk for recklessly and predictably tanking the stock price, and the Board of Directors for not taking action and removing him from his job when he went out of his mind.
Musk has previously bragged that employee stock awards helped fend off unionization efforts in Tesla factories.
Indeed, Tesla is currently the only major American automaker whose workforce isn't represented by a union. Musk's strategy has previously been to pay employees much lower salaries than other American auto companies, offset with those Tesla stock awards.
Now that employee stock holdings are in the toilet, the leverage Musk once had over his laborers is quickly slipping through his fingers. The deeper Tesla's stocks plummet, the closer Musk pushes his underpaid workforce toward the bargaining table — which would be a huge cut to his own personal fortune.
But that's something only Tesla's employees can decide. In the meantime, calls on Musk to step down as Tesla CEO are only getting louder.
You expect unions to remain "legal" if that happens?
I expect hungry laborers who watched friends and family die in unsafe working conditions to do what is necessary.
Labor and capital have fought literal battles here before
Yep. They done fucked up letting this entire country arm themselves to the teeth. It's time for some armed labor movements on factory floors. Worker takeover of the company.
Lmaooooooooo
🖕elon musk
so this bad use of oxygen psychopath has the nerve to ask his employees, who always exploits, and have a high chance of losing their job soon, to keep the investment on the swasticar so they have double the risk: their salary and their investment.
And all for personal gain.... why I'm not surprised? and why is he still wasting precious oxygen?
dont you meant keta-cocaine-alcohol psychopath
It surprises me that people that get stock rewards in their company don't instantly sell them. Yes, you pay more in taxes because of capital gains, but you can avoid that by waiting a year to sell if you really want to.
I work for a tech company that offers ESPPs and gives stocks as bonuses. I sell those instantly and just take the guaranteed profit and turn them into index funds. There is just no way in hell I'm linking my employment AND my stock portfolio to a single company.
COULD I potentially make more by waiting? Sure, but that is not a risk I ever want to take. I'm not gonna be holding my companies stock and have it tank in value AND lose my job at the same time.
Invest in stocks or index funds that are unrelated to your field of work. That's my advice anyway. You should never have all your money sitting in a single companies stock anyway.
yes I do the same, I never understood people's "loyalty" of holding.
Is just double risk.
How will he ever get his 56B bonus? Boo hoo.
To the ~~moon~~ Uranus 🚀🍑
Selling high is good financial sense. I’m sure a business man as good as Musk would say that too.
Elon sold ages ago. Just his yacht money remains. Can't lose that
Musks Tesla stock holdings make it so that even if he were kicked out as CEO, the company would continue to be viewed as his personal piggy bank, and likely continue to face backlash for the stuff Musk is doing. Him liquidating his stock position would crater the stock price. It's pretty well cooked.
He's hoping everyone else doesn't liquidate before he can. lol He's trying to leave everyone else holding the bag.
Could you guys wait until Wednesday? I want to take advantage of the current bump has on my put target
You're in for some fucking pain. Sorry.
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