They are just puppets, everyone knows Elon controls the board. The board is basically just friends, family, and right wing media moguls who benefit from his chaos. If shareholders want Elon gone they're gonna have to oust the board first, which is probably not possible.
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"Think I'm gonna be the scapegoat for the whole damn machine? Sheeee......."
In fairness Tesla saw the huge bump when Trump won, thinking this would be good for Tesla with Musk running the show. The problem is, no one remembered what Musk running the show looked like because it seems like Twitter is the only example of him with full control. So the stock has basically retracted to pre-election value.
The fun part will be seeing how low it goes now. Because a lot of Tesla's value was their future potential, and if everyone realizes Musk is full of #### and makes stuff up, that future potential starts to look a lot more shaky. FSD that's been promised for almost a decade? Robotoxis? Your Tesla making you money as a robo-taxi? All Tesla's having all the hardware they need for full autonomy? Autonomous robots for $20k? Right, so if Musk is actually a blowhard full of #### that can't achieve what Tesla's future value is based on, people are gonna sell sell sell before it goes down to the value of an auto stock, around $25. And probably less than that given their absolute decimation of their left leaning customer base.
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And this drop is with the Tesla cult propping up the stock, without them it'd probably be down 70%+. It's always been severely overvalued so it should probably be selling in the $60-80 a share range, so we'll see if it corrects out to that level.
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"Think I'm gonna be the scapegoat for the whole damn machine? Sheeee......."
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In fairness Tesla saw the huge bump when Trump won, thinking this would be good for Tesla with Musk running the show. The problem is, no one remembered what Musk running the show looked like because it seems like Twitter is the only example of him with full control. So the stock has basically retracted to pre-election value.
The fun part will be seeing how low it goes now. Because a lot of Tesla's value was their future potential, and if everyone realizes Musk is full of #### and makes stuff up, that future potential starts to look a lot more shaky. FSD that's been promised for almost a decade? Robotoxis? Your Tesla making you money as a robo-taxi? All Tesla's having all the hardware they need for full autonomy? Autonomous robots for $20k? Right, so if Musk is actually a blowhard full of #### that can't achieve what Tesla's future value is based on, people are gonna sell sell sell before it goes down to the value of an auto stock, around $25. And probably less than that given their absolute decimation of their left leaning customer base.
Investors likely expected Tesla to get a bunch of contracts, much like they did with the silly $400 Million armored Tesla purchases. Instead most of the money laundering went to Space X. The problem is Tesla is public, while Space X is private.
Republican and Trump hate towards anything Biden related also trumps everything else. Musk would also rather burn Tesla to the ground to spite Biden. He's still deeply pissed at the Biden snub at the electric vehicle summit and it was around this time that Musk personally went off the deep end.
Down 14% as of 2 minutes ago. I love watching a stock in freefall when I don't own it. Who knew Mike Meyers' doctor evil inspired SNL cold open would reap such dramatic results? Ok, I like to think it at least is a factor.
Friday was the first time I sat in a Tesla. What a piece of garbage, a lot unnecessary stuff with the door handles and stuff. Not to mention how ugly they are.
