“Please share five things you did for Tesla shareholders this week.”
Summary
Tesla investors, frustrated by the stock’s decline, are demanding accountability from Elon Musk, who recently illegally demanded federal employees justify their paychecks.
Shareholders took to Musk’s social media platform X, asking him to similar list his contributions to Tesla.
The stock has fallen for six straight sessions, underperforming the Nasdaq.
Meanwhile, Musk faced backlash for overstepping in government affairs, forcing Trump to smooth tensions.
Same thing they’re doing to the country. Take parts out of the government so that it doesn’t work as well, blame government, take more parts out of it so it tumbles more, etc.
That’s all these clowns know how to do. “Cut to profitability, who gives a shit how it affects employees and customers” except government isn’t supposed to be profitable and the (non-wealthy) citizens of an entire nation get fucked.
Still 40% up over the last year. But Tesla has never paid dividends. Why they investing in a supposedly profitable company, one where the market cap is too big for anyone to buy them out, when it doesn't pay dividends?
There is some kind of shady deal going on, I bet. 0 reason why Tesla is worth more than like the next 12 biggest auto makers combined. The argument previously is that they're a tech company with FSD, but that has become increasingly untrue as the years, missed targets, failed upgrades, and lack of implementation continue to pile up. Add-on Cyber Truck failures and Musk basically abandoning Tesla to play Govt Undertaker, and the company itself looks worse positioned than at any point in time.
IMO its currently propped up by two effects. Musk going hard right making investors think Republicans will buy Teslas to support Trump. I also think they believe that Musk being in the government will get Trump to hand Telsa some sweet government money.
It's turning out that Republicans won't buy Teslas even if Musk is full Nazi. Plus, Tesla has lost the entire rest of the world market by going full Trump.
0 reason why Tesla is worth more than like the next 12 biggest auto makers combined.
Market cap isn't the same as market share, the reason their market cap is so high is because people are bad at investing and can be easily manipulated by a con man.
I mean of course they're going to be reticent to comment. Didn't they just give him like $50 bill? Gotta save face and keep quiet about that... or they look like idiots too.
Part of me hopes they name a different CEO just because of the massive hit to his ego that would be. But then I remember that would mean the company would be run by someone likely not putting 6lb of K up his nose daily, which would make Elmo even more obscenely wealthy and free up more of his time for destroying our fucking government.
I'm pretty sure Elmos actual goal is to be the first trillionaire and he's willing to burn the world down to do it. That he's able to advance a white nationalist agenda while doing it is icing on the cake.
Listened to an interesting podcast last night about how vulnerable Tesla is to protester action. None of Elon's other companies are profitable, they're all hype bubbles, Tesla is the only company that actually makes money... but its models are getting old and the swastitruck was a flop and its fired all its talent in favor of loyalty to the company.
Not only that but once they popularized EVs and more stubborn, established companies started to actually develop them they also lost a huge amount of market share. Every year there is less and less of a reason to buy one and there are several huge deal-breakers as well. It’s not a good position to be in.
Yup, the episode goes into this too. They had a huge opportunity as the biggest early entry into the market, but instead of focusing on producing a cheap mass production model they became a hype company that over promised and under delivered. Now the only hope is if the government bails them out (and it probably will)
We don't know, it's a private company and doesn't have to publish. I could see it being profitable because it gets money from the government, but based on how Musk runs his companies I could also see it being a dumpster fire behind the scenes.
Come to think of it, Twitter is almost a necessary tool for speculative investing and the undeserved growth of the current stock market (which at this point is mostly based upon idle index fund investments, and retail investors following hype cycles). It's essentially a stock market manipulation tool for politicians and CEOs that allows them to skip the press releases and hype up their stocks instantly and directly.
Personally the truck was designed to show he was good for the 56bn package he was getting from Teslas, when before the investors or board was voting against him for years
im curious as to how my sibling's husband is feeling about this rn considering he was a lifelong democrat turned trump voter cuz of being a tesla/musk blowhard 🧐
You should ask him if he's heard about the recently released statistics that revealed that the Cybertruck is substantially more likely to catch fire in an accident than the Ford Pinto. You know, the car that is notorious for catching fire when rear-ended because the fuel tank is directly behind the rear bumper.
But he doesn't have to worry about that, because Musk is getting rid of the office in charge of keeping track of that sort of stuff, so he can be assured that he will never know if the next car he buys is gonna explode for no reason due to poor manufacturing until it does.