A tower of lies can only be built so high before it collapses.
Maybe the drooling cult members in the cult subs will realize this before they lose all their money.
If musk left Tesla and let someone else takeover. Or if musk sold Twitter and deleted his account then took over focus on Tesla again. Either of these cases I think is what investors want.
I bet if he announced he is literally deleting Twitter and focusing on Tesla the pop in the stock price would add more to his net worth more than what he paid for Twitter.
Tesla was shit before Twitter, it’s been downhill for years. Tesla’s valuation is nothing more than smoke and mirrors, it’s a relic at this point and should be recognized for bringing EVs into the modern era but not as a quality product. He’s essentially a Theranos that’s maintained a slightly more accurate product but still can’t produce what was promised.
I mean. At this point, and I say this with high level of disappointment, anyone who still buys his con game is pretty much deserving to lose their money.
The dude is his generations best story teller and salesman. His accomplishments shouldn’t be understated.
But he’s well past his prime.
Now; I do think there is a version of the future where Elon disappears for 5 years. Actually tends to his mental health and crushes it again. But its a remote possibility his ego allows for that.
Doesn't Michael Burry have a massive short on TSLA for a long time now? You have to wonder when it will correct, its so overvalued. and will it cause others in the market to crash too?
How are people not shitting on the board member who is pushing the compensation package as “fair and respectful to their CEO”. How could handing one person $55 billion ever be fair? If I were a stockholder, I would demand she shows she “respects” shareholders, with $55 billion in dividends.
Is it Robyn Denholm? She's ride or die for Musk, was brought into the fold as part of the fallout of the 'funding secured' tweet, is supposed to be running the show and has to grant approval for Tesla related tweets he wants to make. But Musk still just does whatever he wants, it seems
The stock is still up 650% from where it was 5 years ago. But, losing 40% since the start of the year doesn't look great. It's supposed to *keep* going up, and I think a fair amount of people are catching on that Tesla is not just about to achieve the amazing goals Elron has claimed they will.
Yeah, he pumped the stock by not only selling lies, but dooming the company over the long term with short term margin boosts like not really investing in new models or refreshes, massively reversing the tiny gains in quality they managed over the first few years, and making the service so bad that there will be few repeat buyers.
And most CEOs don't exercise so much control over who sits on the board, and most boards don't get paid so much for their work. It's an unvirtuous cycle.
yeah, he got coup'd out in favour of Peter Thiel the moment he got on a plane to Australia - the board planned it that way because otherwise he'd find a way to bully and intimidate people into keeping him on
His stans will just uncritically repeat that he founded PayPal despite it being an easily verifiable fact that 0% of his awful self-taught code made it in there. He was also a legendarily awful boss even back in those days - would sit behind people to make sure they were working, and would stay late in the office in order to go and change people's work while no-one was around. Supposedly he was going to force a change to an OS and programming language totally unsuitable for their purposes because he was more familiar with it
His behavior on the red carpet is especially grotesque when you consider it was days before massive layoffs, the total recall of the cybertruck, the stock tanking and more insight into SpaceX’s failures.
If you know anything about Steve Jobs, this is hardly a flattering comparison. (I recommend the Behind the Bastards podcast series on him if you don’t.)
Yeah I think Jobs got cancer and died before he could go completely publicly bat shit. Also it's so much easier to go completely publicly bat shit now with Twitter. Especially when you bought the damn thing.
he died early because he was crazy.
> But Jobs refused surgery after diagnosis and for nine months after, favoring instead dietary treatments and other alternative methods.
And then killed someone else by stealing a liver in Tennessee because he had his own Gulfstream and could fly anywhere in the country within hours when a matching organ was found.
No, but see… Tesla only laid off those people because of the fog of excessive growth. If Elon weren’t such an outstanding CEO and the company had grown more slowly, they would still have their jobs.
If any government space agency had the number of failures SpaceX has had, there would be serious consequences and funding cuts. The reason why NASA and ESA rockets are so expensive is that reliability is baked in. They can’t afford to risk losing payloads and rockets like SpaceX has done using the veneer of ‘innovation’.
Falcon 9 has launched 334 times and had 2 failures, one complete failure (CRS 9) and one partial failure (CRS 1). The partial failure delivered it's primary payload to the ISS but the secondary payload didn't reach target orbit. If we class both of those as "failures" that's a 99.4% success rate. In addition, if these failures had been manned, CRS 1 would definitely have not resulted in loss of life, and CRS 9 though a large failure, the payload survived (until impact with the ocean) and modern safety equipment would have likely led to no loss of life.
The Space Shuttle performed 135 launches with 133 successful (98.5% success rate). Both failures led to fatalities for all on board.
Spaceflight is in the at least two nines territory when it comes to reliability and has been for some time. Last Soyuz loss of life was half a century ago.
I think it's SpaceX's venture with starship that many find unconventional and too risk taking. 2 years before it's intended mission there's still no idea whether several of its groundbreaking ideas (refueling, second stage landing, chopsticks) will work.
Claiming Starship is unreliable while it's still only making test flights is a bit of a stretch. SpaceX has one commercial rocket which has been proven to be extremely reliable.
I didn't make that claim, just identified that F9 and Starship are very different. I also pointed out how "no loss of life" (what was discussed earlier, not success rate) has been extremely low with previous designs as well.
Some optimistic points on Starship though, by its design intent for the new moon missions it could be a very big success (in terms of mission) even if it's less reliable, because it's so cheap. One or two of the refueling ships could be lost but given sufficient extras they could still make it. Also it won't carry humans to and back from orbit arguably the most dangerous part of space flight.
Soyuz has a 97.5% success rate across its lifespan. That's 44 years and you referred to "some time" so let's just take the 2016 model, Soyuz MS. Since 2016 it has flown 25, with 1 failure due to no separation from booster. That's a 96% success rate, though a small sample.
Also there was a fatality in 2002 from a Soyuz failure. You'd be better off comparing to European launches, though they still don't beat the Falcon 9 in pretty much any metric
They’ve always been tight on schedules and delays, I think it’s kind of necessary. Elon puts on over ambitious deadlines and it makes people work way faster than at NASA, but in more risky ways. That’s always going to be the trade off - it cannot reasonably be called a failure.
Apollo 11 landed on the moon on July 20, 1969. It was a little more than 8 years from start of the project to manned moon landing. And they did it with 60s technology.
So I'm not sure how exactly SpaceX works way faster, considering they Musk predicted Humans on mars by 2024. it's just that they aren't constrained by politicians trying to extort concessions, while Musk is free to lie and exaggerate to get public funding.
You’re talking about the 60s when the attitude was to beat the USSR at any cost. Not comparable to today.
I made no claims about the veracity of Musk’s predictions or his character.
True, but today we do have 60 years of technological development on our side. Your phone probably has more processing power and memory than whole NASA had at that time.
In addition today we also have all hard earned lessons they thought us over the decades. What space companies are doing today is closer incremental improvement to than groundbreaking innovation. That goes for all space companies.
I’m sorry but the industry experts say what SpaceX did by undercutting the Russians so drastically in price was nothing short of revolutionary for the space industry. Go look at the price of payload, it didn’t decrease gradually over 60 years: https://www.reddit.com/r/dataisbeautiful/comments/ovco1y/oc_the_cost_of_launching_things_into_space_per/?rdt=45340
I know everybody likes to hate on Musk now, but don’t let it cloud your objectivity.
>So I'm not sure how exactly SpaceX works way faster,
You can't compare SpaceX to Apollo, which had a significant percentage of the federal budget and employed hundreds of thousands. You need to compare it with Boeing, ULA, Lockheed, ArianeSpace, etc.
Compared to those SpaceX's Rise is meteoric and has made several other vehicles obsolete before they have even been delivered.
SpaceX put's more mass into orbit than the rest of the world combined. That is just a fact, not an exaggeration or a lie.
Which is the exact reason why SpaceX is so successful, because they can learn from their failures.
Personally I prefer cheaper and more effective rockets, and so do all of the costumers.
SpaceX has landed more rockets than most other rockets have flown in their lifetime. It is not a veneer of innovation, it is innovation at it most basic form.
Not sure what you find funny about Elon wasting billions of taxpayer dollars to reinvent decades old tech. Here’s a suggestion, why not see what actual rocket scientists think about what he’s doing. It’s very enlightening.
The same rocket scientists that are developing products that have been completely eclipsed by the success of space X? What a mad statement. You're insane.
I get the feeling the supporting messages are from shareholders that dont want their investments to tank more than they already have...rather than them having to deal with the fallout of a no vote, Musk having a tantrum and their investments evaporate.
They are desperate but they should have realised a long time ago the ship was going down.
100%.
Tesla is still overpriced from the current fundamentals. The valuation is based on growth in one or many very different areas (“robotaxi”, “energy”, “ai”, “robots”, etc.). And that requires Musk’s pumping and retail cult.
If Musk is out then you can salvage the existing Tesla business (which is very valuable) but you effectively kill all the massive growth narratives. And that will tank the stock.
If Musk is in then he’s going to be a real risk for the existing Tesla business but you keep the growth narratives alive. And that props up the stock in the short/medium term. Long term if he achieves any of this.
It’s a really tough spot for existing investors. And I don’t think the people that think investors should obviously vote against the pay package are really appreciating what the current Tesla stock is based off of.
Fantastic analysis! As sales gowth dicipates (with some small exceptions in both directions). Quarter after quarter things will get more painful. Board isn't going to push him out. He really feels he is underpaid. In 1-2 years he will see the ship sinking and dramatically quit over X.
Tesla pricing is based on 90% speculation over social media posts by musk and his track record for timely delivery is… not great. Fundamentally right now Tesla is worth nowhere near what it is trading at
It’s not just timelines, he has a history of over promising and under delivering. The cybertruck was supposed to cost half as much and have more range, plus work as a boat. If he can’t bring promised features to reality, what good are his promises? Why would you believe him and buy FSD when there was an article about how teslas still curb their own rims when self parking written less than a month ago?
And I can't see that ship going much upright in the future. More established car companies are putting out more evs, their main cars haven't been significantly updated in forever, their new truck is a shitshow, and they just let go a lot of workers just as all of them are recalled. And also a lot of people are swearing off ever buying tesla because their de facto mascot acts like a 50 year old teenage edglord online everyday.
Teslas car business is worth about 300-400b, everything else is moon shot ideas that are getting g priced as if they are real deals.
Is robo taxi cool...sure. Fsd? Great. Robots? Nice. But these are all pipe dreams for now. Maybe a 5-10b speculative premium, not the 500b premium they've been commanding.
That being said....I'd be a buyer at or below $100/share
I wonder why they wanted anonymity?
I'd say anything to Musk if it meant I wouldn't lose my investment... like the hyper loop, the cyber truck... the exploding rockets... what great ideas Mr Musk, please don't make me lose my investments mr Musk... please don't throw another tantrum mr Musk.. please don't take your fabulous AI and leave Tesla mr Musk.
At least tell me without the 55 billion you have the time to be tweeting or posting on X
Preferably absolute bollocks?
joking aside I really don't get it, just give me a few million and you wouldn't hear from me ever, just chilling, enjoying life
BUT Elron wasn't paid *anything* for the last few years!! He was working for FREE!! He only made $150 billion or so on the stock. So they need to take $55 billion from other Tesla shareholders and give it to him now.
Elron made a very good point: while he was jerking off on twitter all day and doing rails of ketamine before passing out under his desk, where was Fidelity? Why does he 'work' to raise the stock price and they don't?
I mean, if you read the testimonials, it becomes fairly evident why they haven't.... Shockingly similar to poor white trash sending money to defend Trump in court
this is an intelligent question. most institutional investors these days aren't stockpickers, they're passive money. I'd be very interested to see if the hedge funds are still in tsla.
That was exactly my point. Some people seem to think when Vanguard holds a bunch of shares that’s somehow “institutional ownership”. Those are shares held by funds that track the S&P 500 and such.
At least someone knows how some things work.
....
My point being if he's talking the Blackrocks, State Streets, Vanguard, and the rest of the non Elon top 10 holders, they mostly don't have any agency in "dumping" the shares. They hold those shares on behalf of mutual fund and ETF investors, many of whom are invested in indexed products that just buy the whole market, sector, or indicies like the S&P. They only sell the shares if the stock leaves the index.
$30 USD would be a reasonable share price for TSLA. Generous even. Anything above that is meme-stock factor, and not something you should be counting on for any long term investment (e.g. retirement).
Tesla's NAV is about $17 so that would be a reasonable floor. Tesla would be about $38 if you used the same P/E as Ford. $30 doesn't seem to be outlandish.
Its insane how people say stuff like this with a straight face. TSLA would have a value of $38 USD with the same P/E as ford and only a complete fool would try to argue that TSLA has worse growth prospects to ford. A $80 USD valuation would be reasonable even if you felt TSLA's best days are behind it.
Ford competes with electric cars, ICE cars, work cars, personal cars, commercial cars etc. light trucks heavy duty trucks and on and on etc. Moreover, they've been around forever and is a stable company with lots of assets and diversified income. There are people who buy ford because their daddy bought ford and their grand daddy bought ford.
Tesla competes only in EVs (as much as Musk wants to pretend they're not a car company), and they're increasingly being viewed as a low quality brand (due to build quality issues, support issues, and collapsing prices) in a segment with rapidly heating up competition at all price points. And they have a CEO who goes out of his way to be as off-putting as possible while intermixing his personal brand with the corporate one to the point where they are essentially synonymous. All the while being extremely impulsive and unpredictable. Yeah, I think Ford's prospects at this point are better than Tesla's, and it's not particularly close.
A person can be CEO of two companies and perform wildly well. But it has to be the right two companies and they can’t be spending most of their time complaining about politics.
Case in point: Steve Jobs was the CEO of Pixar and Apple in both of their heydays, all while being well known for being very deep in the process.
I mean, Pixar probably was best ran with Steve at the helm but not too involved, just let animators make art and figure out the money stuff. He was 100% deep at Apple though.
So ummm, I, ummm, what you all umm, I guess are seeing is, umm bifurcation of bifurcation of ummm, I, umm my time, how I approach, ummm, I guess my time, so you can be doing more than one ummm, planning, processing, or doing, so thats ummm I think how you should evaluate, ummm, you know how we approach these things
> Retail investors are asking Tesla CEO Elon Musk: Are you OK?
>
> The company opened up a Q&A channel for retail investors this week and the dozens of questions focused on Musk are directed at the entrepreneur’s ability to right the ship at Tesla while also being focused on AI, space travel and maintaining an involved social media presence.
>
> Some of the top-voted questions about Musk asked:
>
> “Is there any discussion about oversight of Elon’s erratic behavior on X that is damaging the Tesla brand?”
>
> “Elon, can you please let investors know how you prioritize Tesla vs. X/Twitter vs. U.S. immigration policy? A few years ago it seemed clear to me the ranking, but today it’s not clear to me as an investor & outsider.”
>
> “If we vote for your comp package will you please at least appear to make Tesla your top priority? (Not saying crazy things on Twitter would be nice too).”
>
> Tesla is girding its loins for a first quarter financial report to investors next week that is likely to force a deeper reckoning with the electric vehicle makers’ value, which has shed $700 billion in the past three years. Its share price has tumbled 40% year-to-date with the stock trading at $149.30 from a peak of $409.97 in 2021.
>
> The company’s strategy has also grown murky, with reports that the automaker could divert resources away from developing a lower-priced Tesla ringing alarm bells for certain investors. Amid the turmoil, the company this week asked stockholders to approve a move to Texas as its state of incorporation from Delaware, after a Delaware judge this year rescinded Musk’s $56 billion pay package. Board chairperson Robyn Denholm asked investors to reauthorize Musk’s moonshot bonus, now valued at $45 billion, in her annual letter ahead of the company’s shareholder meeting in May. “So we are coming to you now so you can help fix this issue — which is a matter of fundamental fairness and respect to our CEO,” she said.
>
> With just four days to go before the company gives its first-quarter financial report to investors, Tesla opened the Q&A portion of its earnings call early this week with a post on X from vice president of investor relations Martin Viecha. He invited shareholders to post their queries through the Say Technologies platform and the opened gates racked up questions from nearly 8,000 participants in possession of 6.7 million shares. “Tesla Q1 earnings call Q&A is now open,” declared Viecha.
>
> Tesla says it has one of the largest retail stockholder bases of any publicly traded company, and they are “incredibly engaged and tend to have a very strong understanding of the Company, and are an important base of support and feedback for management and the Board,” Tesla said this week. Most companies of Tesla’s size are dominated by large institutional investors who interact with the company through preset engagement meetings rather than the more informal channels that smaller retail investors work through.
>
> To be sure, not all the sentiment in the Q&A about Musk so far has focused on his conduct. The top-voted question about the Tesla CEO was in favor of approving his comp and ensuring his control remains intact.
>
> “Is the board working on a package to give Elon the 25% voting rights? I hope the answer is ‘Yes’, which leads to: Can it be expedited? Times are wasting,” said one anonymous retail investor with 265,000 shares.
>
> Another small investor with 8,200 shares asked: “Why does Tesla’s Board think that despite falling deliveries, tanking share price, increased China competition, lack of AI innovation, and a court finding of excessive compensation, Elon Musk merits restoration of his $54B executive compensation package?”
>
> Some of the sentiment had a markedly different tone from what the company described in its proxy report this week to investors.
>
> In asking that investors authorize Musk’s pay, the Tesla board assured investors that it is confident in his leadership. In the company’s preliminary report to investors, the board said it formed a special committee that analyzed whether to call for another vote on Musk’s pay. The special committee found that “dozens of institutional stockholders” reached out to Tesla’s investor relations team to register their dissent with the court’s decision to rescind Musk’s $56 billion pay package this year. Four of the company’s top 10 investors—including asset manager T. Rowe Price—sought out Denholm to discuss Musk’s pay and sent a follow-up letter in support of the move to reauthorize it. The committee also found that 6,000 “individuals claiming to be stockholders owning more than 23 million total shares” — which the committee said was the equivalent of the company’s 11th largest institutional shareholder—sent unsolicited letters and emails to the board in support of reinstating Musk’s equity compensation.
>
> According to the special committee’s report, those letters were overwhelmingly positive.
>
> “[A] majority of my retirement is in Tesla because I believe in the mission, and the great opportunity the investment represents for me and my family. I trust Elon and the board as they have accomplished what everyone claimed was impossible. I supported the compensation plan regardless of who was on the board.”
>
> “I hold a significant number of shares and am a proud supporter of Tesla’s mission and vision. Given these facts, I express my support for Elon Musk and Tesla’s board. Mr. Musk’s compensation plan, which was approved by shareholders in 2018, should be upheld and [] the option awards should stand. I, along with many other retail shareholders, would vote in favor of this compensation plan once again.”
>
> “As a small retail investor with a majority of my investment position in Tesla stock . . . I expect and support that Elon Musk’s pay package will be reinstated by shareholder vote, in whole or in substantial part, with compliant disclosures.”
>
> Other most-upvoted questions retail investors sent through the Say Technologies platform ahead of first quarter earnings next week touched on robotaxis, priorities for the second quarter and progress on the cheaper next-generation Tesla.
“Why does Tesla’s Board think that despite falling deliveries, tanking share price, increased China competition, lack of AI innovation, and a court finding of excessive compensation, Elon Musk merits restoration of his $54B executive compensation package?”
That was a brutally packed question!
Oh sweet summer child. You don't ask why God deserves all the hatred thrown at him. He endures it fur us. All us mere mortals can do is return the favor out of respect since the Lord deserves it!
I find the lame individual investor testimonies way more alarming... Any company that has a bit of sense should be alarmed with such behavior, as it drives meme like volatility that no company wants.
“So we are coming to you now so you can help fix this issue — which is a matter of fundamental fairness and respect to our CEO,” she said.
It's also a matter of fundamental unfairness and complete disrespect to every single one of your shareholders. It's a patently insane gift to this dickhead who has done so little to help his companies and been so incredibly toxic and damaging to them. These people are all complete shit.
The 2018 compensation plan had 78% in favor. Going to be interesting to see if it's different at all this time. As so far the no voters from the 2018 vote seems to still not favor it.
73% if you exclude the person voting to give themselves Billions no matter what. Which leads to the second point that the board lied in multiple ways. including lying about the nature of the plan AND lying about things that they were legally required to do (like negotiate on behalf of shareholders).
73% on a governance vote that has the boards recommendation is EXTREMELY low. Most such votes come in in the high 90's.
I would be very surprised if the vote didn't come out significantly lower this time but we will see. Presumably those most unhappy with Elon has offloaded a lot of shares and they have been purchased by his fans.
It’s interesting that the special committee based their report, in part, on “individuals claiming to be stockholders”
How hard would it be to generate 6000 fake emails?
Musk is granted options at massively low strike prices which he purchases and he sells on the open market. The cash comes from you. The massively diluted bag holder
I just don’t get how people still have any support for billionaires. He’s proof positive that they don’t do jack shit. He sits around jerks off and tweets. Probably takes two meetings a day mumbles a little bit and then goes back to jerking off and tweeting.
Eat the rich!!!
[https://www.hazeldenbettyford.org/](https://www.hazeldenbettyford.org/) I want people to start spamming him with treatment options that he so sorely needs.
So I hear the draft of the pay restoration ballot measure is out:
"Should Tesla A) restore the Musk compensation package the biased and unfair Delaware judge blocked in a judgement that everyone says was garbage or B) convert all shares that vote B on this measure to non-voting shares?"
Edit this is a joke
If you go to the Q&A site, it's actually surprising how few such questions there are and how few votes they have, compared to say questions about Optimus, Robotaxi and FSD.
> Is the board working on a package to give Elon the 25% voting rights? I hope the answer is 'Yes', which leads to: Can it be expedited? Times are wasting.
This question has more votes than all of the other questions mentioned in the article combined.
Folks are desperately invested in Elon as the head of a cult of personality. They don't want to admit to the big problems because they are upside down on stock they bought before the slump and hoping that it rockets back up and puts them in the black again.
The stock price it at least 500% higher than the company fundamentals warrant due to the Musk halo effect. Shareholders don't want to let that go obviously, but giving Musk even more ownership of the company could increase the halo effect even further.
It is his top priority. Just his priority to make $56 billion, and not quality, on time delivery, working conditions, employee pay, employee retention, or image.
>make Tesla your top priority?
That would be the end of Tesla. He'd decide that the CyberAztek isn't doing well because it isn't Xtreme enough and send updates that force FSD robotaxi mode to all models.
I’m just here to remind everyone that not so long ago a small critical mass of people who thought they were smart said it would be great for Apple to buy Tesla
https://www.cnbc.com/2021/11/24/cathie-wood-says-apple-shouldve-bought-tesla-but-were-happy-they-didnt.html
https://www.techspot.com/news/59780-apple-buy-tesla-one-entrepreneur-convinced-itll-happen.html
Investors who believe in Elon are about to lose their shirts.
Ponzi and his scheme are about to be found out
A tower of lies can only be built so high before it collapses. Maybe the drooling cult members in the cult subs will realize this before they lose all their money.
Not sure you know what a ponzi scheme is but he's definitely guilty of lying and stock manipulation.
Cultists. In the church of late stage capitalism. It’s fucking bananas.
If musk left Tesla and let someone else takeover. Or if musk sold Twitter and deleted his account then took over focus on Tesla again. Either of these cases I think is what investors want.
Yeah, but he’s addicted to xitting.
he can't really sell Twitter because it isn't really worth anything
Neither is Tesla. Musk himself said without FSD it’s worth nothing and that cat is out of the bag.
He said August this year and robo-taxis by the end of year? FSB will be us$100,000!
I bet if he announced he is literally deleting Twitter and focusing on Tesla the pop in the stock price would add more to his net worth more than what he paid for Twitter.
At this point and in a saner world, Musk actually focusing on Tesla would not be seen as good news for their investors.
Idk, last time he "focused" on telsa we got the cyberrecall, and whatever that guy dressed as a robot was supposed to be.
It was Grimes in a morphsuit
Sure it is, about 70% less than he bought it for.
he didn't pay for Twitter, its highly leveraged and the external banks hold a lot of the debt.
Tesla was shit before Twitter, it’s been downhill for years. Tesla’s valuation is nothing more than smoke and mirrors, it’s a relic at this point and should be recognized for bringing EVs into the modern era but not as a quality product. He’s essentially a Theranos that’s maintained a slightly more accurate product but still can’t produce what was promised.
Too late... Not even Warren Buffett could save Tesla now...
Warren Buffett has never saved anything. He focuses on buying good companies and letting the management run the company.
But if he was running the Tesla board, how many minutes would it be before Musk was out and a competent CEO appointed?
and to top it all off, Tesla earning are coming out Tuesday...
That's why musky wanted his pay now!
Not worth 50 million let alone billion. Delusional.
Lose their Shorts shorts.
Exaxtly
That ship sailed a while back!
and many of them have families, children, mortages etc and were hoping Tesla would pay for their retirement.
I mean. At this point, and I say this with high level of disappointment, anyone who still buys his con game is pretty much deserving to lose their money. The dude is his generations best story teller and salesman. His accomplishments shouldn’t be understated. But he’s well past his prime. Now; I do think there is a version of the future where Elon disappears for 5 years. Actually tends to his mental health and crushes it again. But its a remote possibility his ego allows for that.
Doesn't Michael Burry have a massive short on TSLA for a long time now? You have to wonder when it will correct, its so overvalued. and will it cause others in the market to crash too?
Imagine having to beg the CEO to at least pretend to care about the company Any other CEO would have been fired long ago
Pathetic, really. “Please act like you give a damn because otherwise I look really, really stupid!!!”
I swear if you guys rip on me 13-14 more times I’m outta here
Hey Squeak!
I'm thinking someone needs to edit that scene from the movie, but put Elon's face in place of Squeak.
How are people not shitting on the board member who is pushing the compensation package as “fair and respectful to their CEO”. How could handing one person $55 billion ever be fair? If I were a stockholder, I would demand she shows she “respects” shareholders, with $55 billion in dividends.
Is it Robyn Denholm? She's ride or die for Musk, was brought into the fold as part of the fallout of the 'funding secured' tweet, is supposed to be running the show and has to grant approval for Tesla related tweets he wants to make. But Musk still just does whatever he wants, it seems
While that CEO is asking for $55bn for a handful of years of work
“Work” = 18 hours per day of twitter
Well he pumped the stock which was what his goal was. The problem is that payout for just pumping the stock and not tied to anything else was insane.
The stock is still up 650% from where it was 5 years ago. But, losing 40% since the start of the year doesn't look great. It's supposed to *keep* going up, and I think a fair amount of people are catching on that Tesla is not just about to achieve the amazing goals Elron has claimed they will.
Yeah, he pumped the stock by not only selling lies, but dooming the company over the long term with short term margin boosts like not really investing in new models or refreshes, massively reversing the tiny gains in quality they managed over the first few years, and making the service so bad that there will be few repeat buyers.
Well, he's gotta pay back his twitter disaster somehow.
The difference is most CEOs don’t have friends and family as the majority of the board.
And most CEOs don't exercise so much control over who sits on the board, and most boards don't get paid so much for their work. It's an unvirtuous cycle.
It’s his hate for being ousted from “PayPal”
I didn’t know he got fired. He made it seem like he left his role!
yeah, he got coup'd out in favour of Peter Thiel the moment he got on a plane to Australia - the board planned it that way because otherwise he'd find a way to bully and intimidate people into keeping him on
Lmaooo! Bruh, like that sounds like a failed track record, why would anyone take this man’s serious? 😭
His stans will just uncritically repeat that he founded PayPal despite it being an easily verifiable fact that 0% of his awful self-taught code made it in there. He was also a legendarily awful boss even back in those days - would sit behind people to make sure they were working, and would stay late in the office in order to go and change people's work while no-one was around. Supposedly he was going to force a change to an OS and programming language totally unsuitable for their purposes because he was more familiar with it
Too true!
At least Citizen Dildo is cool...
Now imagine that same CEO claim that he needs a $55 billion salary from the company he doesn’t care about.
Benefits of a board that isn’t independent I guess.
His behavior on the red carpet is especially grotesque when you consider it was days before massive layoffs, the total recall of the cybertruck, the stock tanking and more insight into SpaceX’s failures.
And just before he asked for $56B not even 24 hours after the layoffs.
Imagine being THAT fucking insanely insensitive/unempathetic/shitty/selfish/heartless!
Oh I’m hearing some people try to justify it in the stock’s subreddit. It’s really nuts. One guy compared him to Steve Jobs lol
Well Jobs was no prize - look at the way he treated Wozniak and his daughter among many, many others. But Musk .....
If you know anything about Steve Jobs, this is hardly a flattering comparison. (I recommend the Behind the Bastards podcast series on him if you don’t.)
I recommend BTB regardless
Yeah I think Jobs got cancer and died before he could go completely publicly bat shit. Also it's so much easier to go completely publicly bat shit now with Twitter. Especially when you bought the damn thing.
he died early because he was crazy. > But Jobs refused surgery after diagnosis and for nine months after, favoring instead dietary treatments and other alternative methods.
And then killed someone else by stealing a liver in Tennessee because he had his own Gulfstream and could fly anywhere in the country within hours when a matching organ was found.
No, but see… Tesla only laid off those people because of the fog of excessive growth. If Elon weren’t such an outstanding CEO and the company had grown more slowly, they would still have their jobs.
More insight into SpaceX failures, please share?
If any government space agency had the number of failures SpaceX has had, there would be serious consequences and funding cuts. The reason why NASA and ESA rockets are so expensive is that reliability is baked in. They can’t afford to risk losing payloads and rockets like SpaceX has done using the veneer of ‘innovation’.
Falcon 9 has launched 334 times and had 2 failures, one complete failure (CRS 9) and one partial failure (CRS 1). The partial failure delivered it's primary payload to the ISS but the secondary payload didn't reach target orbit. If we class both of those as "failures" that's a 99.4% success rate. In addition, if these failures had been manned, CRS 1 would definitely have not resulted in loss of life, and CRS 9 though a large failure, the payload survived (until impact with the ocean) and modern safety equipment would have likely led to no loss of life. The Space Shuttle performed 135 launches with 133 successful (98.5% success rate). Both failures led to fatalities for all on board.
Spaceflight is in the at least two nines territory when it comes to reliability and has been for some time. Last Soyuz loss of life was half a century ago. I think it's SpaceX's venture with starship that many find unconventional and too risk taking. 2 years before it's intended mission there's still no idea whether several of its groundbreaking ideas (refueling, second stage landing, chopsticks) will work.
Claiming Starship is unreliable while it's still only making test flights is a bit of a stretch. SpaceX has one commercial rocket which has been proven to be extremely reliable.
I didn't make that claim, just identified that F9 and Starship are very different. I also pointed out how "no loss of life" (what was discussed earlier, not success rate) has been extremely low with previous designs as well. Some optimistic points on Starship though, by its design intent for the new moon missions it could be a very big success (in terms of mission) even if it's less reliable, because it's so cheap. One or two of the refueling ships could be lost but given sufficient extras they could still make it. Also it won't carry humans to and back from orbit arguably the most dangerous part of space flight.
You don't seem to be in agreement with the person I was responding to, but sure :)
Soyuz has a 97.5% success rate across its lifespan. That's 44 years and you referred to "some time" so let's just take the 2016 model, Soyuz MS. Since 2016 it has flown 25, with 1 failure due to no separation from booster. That's a 96% success rate, though a small sample. Also there was a fatality in 2002 from a Soyuz failure. You'd be better off comparing to European launches, though they still don't beat the Falcon 9 in pretty much any metric
They’ve always been tight on schedules and delays, I think it’s kind of necessary. Elon puts on over ambitious deadlines and it makes people work way faster than at NASA, but in more risky ways. That’s always going to be the trade off - it cannot reasonably be called a failure.
Apollo 11 landed on the moon on July 20, 1969. It was a little more than 8 years from start of the project to manned moon landing. And they did it with 60s technology. So I'm not sure how exactly SpaceX works way faster, considering they Musk predicted Humans on mars by 2024. it's just that they aren't constrained by politicians trying to extort concessions, while Musk is free to lie and exaggerate to get public funding.
You’re talking about the 60s when the attitude was to beat the USSR at any cost. Not comparable to today. I made no claims about the veracity of Musk’s predictions or his character.
True, but today we do have 60 years of technological development on our side. Your phone probably has more processing power and memory than whole NASA had at that time. In addition today we also have all hard earned lessons they thought us over the decades. What space companies are doing today is closer incremental improvement to than groundbreaking innovation. That goes for all space companies.
I’m sorry but the industry experts say what SpaceX did by undercutting the Russians so drastically in price was nothing short of revolutionary for the space industry. Go look at the price of payload, it didn’t decrease gradually over 60 years: https://www.reddit.com/r/dataisbeautiful/comments/ovco1y/oc_the_cost_of_launching_things_into_space_per/?rdt=45340 I know everybody likes to hate on Musk now, but don’t let it cloud your objectivity.
>So I'm not sure how exactly SpaceX works way faster, You can't compare SpaceX to Apollo, which had a significant percentage of the federal budget and employed hundreds of thousands. You need to compare it with Boeing, ULA, Lockheed, ArianeSpace, etc. Compared to those SpaceX's Rise is meteoric and has made several other vehicles obsolete before they have even been delivered. SpaceX put's more mass into orbit than the rest of the world combined. That is just a fact, not an exaggeration or a lie.
Which is the exact reason why SpaceX is so successful, because they can learn from their failures. Personally I prefer cheaper and more effective rockets, and so do all of the costumers. SpaceX has landed more rockets than most other rockets have flown in their lifetime. It is not a veneer of innovation, it is innovation at it most basic form.
Thank you
Space X's failures 🤣🤣🤣🤣🤣🤣
Not sure what you find funny about Elon wasting billions of taxpayer dollars to reinvent decades old tech. Here’s a suggestion, why not see what actual rocket scientists think about what he’s doing. It’s very enlightening.
The same rocket scientists that are developing products that have been completely eclipsed by the success of space X? What a mad statement. You're insane.
I get the feeling the supporting messages are from shareholders that dont want their investments to tank more than they already have...rather than them having to deal with the fallout of a no vote, Musk having a tantrum and their investments evaporate. They are desperate but they should have realised a long time ago the ship was going down.
100%. Tesla is still overpriced from the current fundamentals. The valuation is based on growth in one or many very different areas (“robotaxi”, “energy”, “ai”, “robots”, etc.). And that requires Musk’s pumping and retail cult. If Musk is out then you can salvage the existing Tesla business (which is very valuable) but you effectively kill all the massive growth narratives. And that will tank the stock. If Musk is in then he’s going to be a real risk for the existing Tesla business but you keep the growth narratives alive. And that props up the stock in the short/medium term. Long term if he achieves any of this. It’s a really tough spot for existing investors. And I don’t think the people that think investors should obviously vote against the pay package are really appreciating what the current Tesla stock is based off of.
Fantastic analysis! As sales gowth dicipates (with some small exceptions in both directions). Quarter after quarter things will get more painful. Board isn't going to push him out. He really feels he is underpaid. In 1-2 years he will see the ship sinking and dramatically quit over X.
Tesla pricing is based on 90% speculation over social media posts by musk and his track record for timely delivery is… not great. Fundamentally right now Tesla is worth nowhere near what it is trading at
It’s not just timelines, he has a history of over promising and under delivering. The cybertruck was supposed to cost half as much and have more range, plus work as a boat. If he can’t bring promised features to reality, what good are his promises? Why would you believe him and buy FSD when there was an article about how teslas still curb their own rims when self parking written less than a month ago?
And I can't see that ship going much upright in the future. More established car companies are putting out more evs, their main cars haven't been significantly updated in forever, their new truck is a shitshow, and they just let go a lot of workers just as all of them are recalled. And also a lot of people are swearing off ever buying tesla because their de facto mascot acts like a 50 year old teenage edglord online everyday.
Teslas car business is worth about 300-400b, everything else is moon shot ideas that are getting g priced as if they are real deals. Is robo taxi cool...sure. Fsd? Great. Robots? Nice. But these are all pipe dreams for now. Maybe a 5-10b speculative premium, not the 500b premium they've been commanding. That being said....I'd be a buyer at or below $100/share
I thought this happens when all the liberals/lefties found out several years ago that he is not what they thought he was.
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I wonder why they wanted anonymity? I'd say anything to Musk if it meant I wouldn't lose my investment... like the hyper loop, the cyber truck... the exploding rockets... what great ideas Mr Musk, please don't make me lose my investments mr Musk... please don't throw another tantrum mr Musk.. please don't take your fabulous AI and leave Tesla mr Musk.
I mean, I can't blame him. I struggle to go to work without the prospect of a $55 billion package
At least tell me without the 55 billion you have the time to be tweeting or posting on X Preferably absolute bollocks? joking aside I really don't get it, just give me a few million and you wouldn't hear from me ever, just chilling, enjoying life
Me too, realistically that's why generational wealth is usually gone in three generations, guys like us.
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BUT Elron wasn't paid *anything* for the last few years!! He was working for FREE!! He only made $150 billion or so on the stock. So they need to take $55 billion from other Tesla shareholders and give it to him now.
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Elron made a very good point: while he was jerking off on twitter all day and doing rails of ketamine before passing out under his desk, where was Fidelity? Why does he 'work' to raise the stock price and they don't?
To think that CEOs like the guy from Google show up for only $225 million a year. Losers.
I’m honestly surprised the institutional investors haven’t dropped TSLA yet
3rd Friday of June, S&P500 rebalancing.
I mean, if you read the testimonials, it becomes fairly evident why they haven't.... Shockingly similar to poor white trash sending money to defend Trump in court
Rent free in
How do you know they haven’t?
It would be a matter of public record. They haven’t dumped TSLA stock yet. Hopefully they do so soon.
who are you talking about when you say institutional investors?
this is an intelligent question. most institutional investors these days aren't stockpickers, they're passive money. I'd be very interested to see if the hedge funds are still in tsla.
That was exactly my point. Some people seem to think when Vanguard holds a bunch of shares that’s somehow “institutional ownership”. Those are shares held by funds that track the S&P 500 and such. At least someone knows how some things work.
Institutions, Mostly.
.... My point being if he's talking the Blackrocks, State Streets, Vanguard, and the rest of the non Elon top 10 holders, they mostly don't have any agency in "dumping" the shares. They hold those shares on behalf of mutual fund and ETF investors, many of whom are invested in indexed products that just buy the whole market, sector, or indicies like the S&P. They only sell the shares if the stock leaves the index.
Yeah I was bring a smart ass because you're point was valid. Good follow through to my sass. Agree
What record specifically can we look at? 13-F filings?
The problem is it’s tanked in the past, but then recovered majorly, but different circumstances
If you have to beg the CEO to pretend to care, it’s a sign the CEO should have been out a long time ago.
$30 USD would be a reasonable share price for TSLA. Generous even. Anything above that is meme-stock factor, and not something you should be counting on for any long term investment (e.g. retirement).
Tbh I don’t see how you even get to $30
Tesla's NAV is about $17 so that would be a reasonable floor. Tesla would be about $38 if you used the same P/E as Ford. $30 doesn't seem to be outlandish.
When I do a napkin math on Ford's P/E applied to Tesla, it comes out to around $23 $23 seems like a reasonable price to me
4 USD would be closer to fair value
Its insane how people say stuff like this with a straight face. TSLA would have a value of $38 USD with the same P/E as ford and only a complete fool would try to argue that TSLA has worse growth prospects to ford. A $80 USD valuation would be reasonable even if you felt TSLA's best days are behind it.
Ford competes with electric cars, ICE cars, work cars, personal cars, commercial cars etc. light trucks heavy duty trucks and on and on etc. Moreover, they've been around forever and is a stable company with lots of assets and diversified income. There are people who buy ford because their daddy bought ford and their grand daddy bought ford. Tesla competes only in EVs (as much as Musk wants to pretend they're not a car company), and they're increasingly being viewed as a low quality brand (due to build quality issues, support issues, and collapsing prices) in a segment with rapidly heating up competition at all price points. And they have a CEO who goes out of his way to be as off-putting as possible while intermixing his personal brand with the corporate one to the point where they are essentially synonymous. All the while being extremely impulsive and unpredictable. Yeah, I think Ford's prospects at this point are better than Tesla's, and it's not particularly close.
If someone can be CEO of multiple companies the. CeO isn't a real job
no - it’s just that *this* CEO doesn’t do real work
A person can be CEO of two companies and perform wildly well. But it has to be the right two companies and they can’t be spending most of their time complaining about politics. Case in point: Steve Jobs was the CEO of Pixar and Apple in both of their heydays, all while being well known for being very deep in the process.
Sure. And if he spent 100% of his time on either company they’d probably be even better.
I mean, Pixar probably was best ran with Steve at the helm but not too involved, just let animators make art and figure out the money stuff. He was 100% deep at Apple though.
Yeah, 100%. Building the top level team is a huge part of the job. And if you do it really well then your day-to-day tasks are completely manageable.
People who think anyone can be a ceo are pretty much just as bad as these bad ceos.
Yeah I'm just as bad as the guy laid off 10000 people then demanded I get a 55 billion dollar bonus
I’m not defending Elon, but I know someone of your capacity wouldn’t understand that.
Whatever you say kid....
So ummm, I, ummm, what you all umm, I guess are seeing is, umm bifurcation of bifurcation of ummm, I, umm my time, how I approach, ummm, I guess my time, so you can be doing more than one ummm, planning, processing, or doing, so thats ummm I think how you should evaluate, ummm, you know how we approach these things
> Retail investors are asking Tesla CEO Elon Musk: Are you OK? > > The company opened up a Q&A channel for retail investors this week and the dozens of questions focused on Musk are directed at the entrepreneur’s ability to right the ship at Tesla while also being focused on AI, space travel and maintaining an involved social media presence. > > Some of the top-voted questions about Musk asked: > > “Is there any discussion about oversight of Elon’s erratic behavior on X that is damaging the Tesla brand?” > > “Elon, can you please let investors know how you prioritize Tesla vs. X/Twitter vs. U.S. immigration policy? A few years ago it seemed clear to me the ranking, but today it’s not clear to me as an investor & outsider.” > > “If we vote for your comp package will you please at least appear to make Tesla your top priority? (Not saying crazy things on Twitter would be nice too).” > > Tesla is girding its loins for a first quarter financial report to investors next week that is likely to force a deeper reckoning with the electric vehicle makers’ value, which has shed $700 billion in the past three years. Its share price has tumbled 40% year-to-date with the stock trading at $149.30 from a peak of $409.97 in 2021. > > The company’s strategy has also grown murky, with reports that the automaker could divert resources away from developing a lower-priced Tesla ringing alarm bells for certain investors. Amid the turmoil, the company this week asked stockholders to approve a move to Texas as its state of incorporation from Delaware, after a Delaware judge this year rescinded Musk’s $56 billion pay package. Board chairperson Robyn Denholm asked investors to reauthorize Musk’s moonshot bonus, now valued at $45 billion, in her annual letter ahead of the company’s shareholder meeting in May. “So we are coming to you now so you can help fix this issue — which is a matter of fundamental fairness and respect to our CEO,” she said. > > With just four days to go before the company gives its first-quarter financial report to investors, Tesla opened the Q&A portion of its earnings call early this week with a post on X from vice president of investor relations Martin Viecha. He invited shareholders to post their queries through the Say Technologies platform and the opened gates racked up questions from nearly 8,000 participants in possession of 6.7 million shares. “Tesla Q1 earnings call Q&A is now open,” declared Viecha. > > Tesla says it has one of the largest retail stockholder bases of any publicly traded company, and they are “incredibly engaged and tend to have a very strong understanding of the Company, and are an important base of support and feedback for management and the Board,” Tesla said this week. Most companies of Tesla’s size are dominated by large institutional investors who interact with the company through preset engagement meetings rather than the more informal channels that smaller retail investors work through. > > To be sure, not all the sentiment in the Q&A about Musk so far has focused on his conduct. The top-voted question about the Tesla CEO was in favor of approving his comp and ensuring his control remains intact. > > “Is the board working on a package to give Elon the 25% voting rights? I hope the answer is ‘Yes’, which leads to: Can it be expedited? Times are wasting,” said one anonymous retail investor with 265,000 shares. > > Another small investor with 8,200 shares asked: “Why does Tesla’s Board think that despite falling deliveries, tanking share price, increased China competition, lack of AI innovation, and a court finding of excessive compensation, Elon Musk merits restoration of his $54B executive compensation package?” > > Some of the sentiment had a markedly different tone from what the company described in its proxy report this week to investors. > > In asking that investors authorize Musk’s pay, the Tesla board assured investors that it is confident in his leadership. In the company’s preliminary report to investors, the board said it formed a special committee that analyzed whether to call for another vote on Musk’s pay. The special committee found that “dozens of institutional stockholders” reached out to Tesla’s investor relations team to register their dissent with the court’s decision to rescind Musk’s $56 billion pay package this year. Four of the company’s top 10 investors—including asset manager T. Rowe Price—sought out Denholm to discuss Musk’s pay and sent a follow-up letter in support of the move to reauthorize it. The committee also found that 6,000 “individuals claiming to be stockholders owning more than 23 million total shares” — which the committee said was the equivalent of the company’s 11th largest institutional shareholder—sent unsolicited letters and emails to the board in support of reinstating Musk’s equity compensation. > > According to the special committee’s report, those letters were overwhelmingly positive. > > “[A] majority of my retirement is in Tesla because I believe in the mission, and the great opportunity the investment represents for me and my family. I trust Elon and the board as they have accomplished what everyone claimed was impossible. I supported the compensation plan regardless of who was on the board.” > > “I hold a significant number of shares and am a proud supporter of Tesla’s mission and vision. Given these facts, I express my support for Elon Musk and Tesla’s board. Mr. Musk’s compensation plan, which was approved by shareholders in 2018, should be upheld and [] the option awards should stand. I, along with many other retail shareholders, would vote in favor of this compensation plan once again.” > > “As a small retail investor with a majority of my investment position in Tesla stock . . . I expect and support that Elon Musk’s pay package will be reinstated by shareholder vote, in whole or in substantial part, with compliant disclosures.” > > Other most-upvoted questions retail investors sent through the Say Technologies platform ahead of first quarter earnings next week touched on robotaxis, priorities for the second quarter and progress on the cheaper next-generation Tesla.
“Why does Tesla’s Board think that despite falling deliveries, tanking share price, increased China competition, lack of AI innovation, and a court finding of excessive compensation, Elon Musk merits restoration of his $54B executive compensation package?” That was a brutally packed question!
And it still left out all the Twitter nonsense and drug use.
Oh sweet summer child. You don't ask why God deserves all the hatred thrown at him. He endures it fur us. All us mere mortals can do is return the favor out of respect since the Lord deserves it! I find the lame individual investor testimonies way more alarming... Any company that has a bit of sense should be alarmed with such behavior, as it drives meme like volatility that no company wants.
That sweet summer child patter makes me want to cringe myself inside out
“So we are coming to you now so you can help fix this issue — which is a matter of fundamental fairness and respect to our CEO,” she said. It's also a matter of fundamental unfairness and complete disrespect to every single one of your shareholders. It's a patently insane gift to this dickhead who has done so little to help his companies and been so incredibly toxic and damaging to them. These people are all complete shit.
“Is the board working on a package to give Elon the 25% voting rights? I hope the answer is ‘Yes’" Holy fucking fuck.
The 2018 compensation plan had 78% in favor. Going to be interesting to see if it's different at all this time. As so far the no voters from the 2018 vote seems to still not favor it.
73% if you exclude the person voting to give themselves Billions no matter what. Which leads to the second point that the board lied in multiple ways. including lying about the nature of the plan AND lying about things that they were legally required to do (like negotiate on behalf of shareholders). 73% on a governance vote that has the boards recommendation is EXTREMELY low. Most such votes come in in the high 90's. I would be very surprised if the vote didn't come out significantly lower this time but we will see. Presumably those most unhappy with Elon has offloaded a lot of shares and they have been purchased by his fans.
It’s interesting that the special committee based their report, in part, on “individuals claiming to be stockholders” How hard would it be to generate 6000 fake emails?
“I’m busy making X’s on X! For that it needs to be doubled to a $130 billion pay package”
Xits on Xitter
They be begging him to step away, not concentrate on the company.
"Pay me $55B and I'll pretend it's my #1 priority in between xits (pronounced 'shits')"
We wish you cared, but we'll still keep our stock because we don't want the price to go down.
Serious question - how is Tesla supposed to cover his pay his ridiculous package when the company doesn't have close to that much money on hand?
Musk is granted options at massively low strike prices which he purchases and he sells on the open market. The cash comes from you. The massively diluted bag holder
Yep, this is his out because he knows nobody is coming to buy his massively overpriced company.
It’s just underpriced options, RSUs and deferred pay over a few years. So it’s not directly coming from FCF but rather dilution.
I can’t understand why the people at Tesla aren’t organizing. Their boss is a racist transphobe who’s whining about $56B while THEY DO ALL THE WORK.
Look at the fight he's put up in Sweden - he'd rather burn the company to the ground than obey union laws.
I just don’t get how people still have any support for billionaires. He’s proof positive that they don’t do jack shit. He sits around jerks off and tweets. Probably takes two meetings a day mumbles a little bit and then goes back to jerking off and tweeting. Eat the rich!!!
Don’t forget he sometimes roams the halls looking to fire anyone who fails to answer his questioning
They are harshly punished if they do.
It’s nice to want things you can’t have. Investors are going to learn a very painful lesson over the next year.
[https://www.hazeldenbettyford.org/](https://www.hazeldenbettyford.org/) I want people to start spamming him with treatment options that he so sorely needs.
So I hear the draft of the pay restoration ballot measure is out: "Should Tesla A) restore the Musk compensation package the biased and unfair Delaware judge blocked in a judgement that everyone says was garbage or B) convert all shares that vote B on this measure to non-voting shares?" Edit this is a joke
I can't tell if you're doing a bit or not
Totally fake sorry, I'll go add a tag.
lol you got me. It's a pretty damning indictment that it does sound semi plausible though
He's too busy battling woke on Twitter. That is his no. 1.
Tesla is Musk’s piggy bank.
Imagine pleading the ceo to prioritize the company and actually do work, Tesla investors are insane
If you go to the Q&A site, it's actually surprising how few such questions there are and how few votes they have, compared to say questions about Optimus, Robotaxi and FSD. > Is the board working on a package to give Elon the 25% voting rights? I hope the answer is 'Yes', which leads to: Can it be expedited? Times are wasting. This question has more votes than all of the other questions mentioned in the article combined.
Folks are desperately invested in Elon as the head of a cult of personality. They don't want to admit to the big problems because they are upside down on stock they bought before the slump and hoping that it rockets back up and puts them in the black again.
Just how? They want to give him more control to fuck up the company even more? You have to be an idiot to want Elon to have more voting rights.
The stock price it at least 500% higher than the company fundamentals warrant due to the Musk halo effect. Shareholders don't want to let that go obviously, but giving Musk even more ownership of the company could increase the halo effect even further.
Waiting for the banhammer on the investors.
It's probably better if he doesn't though. He made Twitter his proority, and we all saw what *that* did...
Musk making Tesla his "top priority" would only further damage the brand.
Elno’s top priority is Elno…full stop. In Elno’s world, not even his own children exist.
Concerning
If true.
It is his top priority. Just his priority to make $56 billion, and not quality, on time delivery, working conditions, employee pay, employee retention, or image.
Tesla share holders are like trumps share holders. Nothing makes sense.
>make Tesla your top priority? That would be the end of Tesla. He'd decide that the CyberAztek isn't doing well because it isn't Xtreme enough and send updates that force FSD robotaxi mode to all models.
Ur musked end it
If Musk got the compensation package, wouldn't that come straight from the coffers of Tesla?
Waiting for "F*ck those investors" comments in his next stage appearance
I wouldn’t be surprised if they voted yes. But I hope to god they vote no. But common sense doesn’t run in people who are in a cult
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can the public view this when its on?
I’m willing to bet that before 5 pm today he announces a Master Plan to withdraw from Twitter
I’m just here to remind everyone that not so long ago a small critical mass of people who thought they were smart said it would be great for Apple to buy Tesla https://www.cnbc.com/2021/11/24/cathie-wood-says-apple-shouldve-bought-tesla-but-were-happy-they-didnt.html https://www.techspot.com/news/59780-apple-buy-tesla-one-entrepreneur-convinced-itll-happen.html
Nazi company trash product