Keep it going. Canada, you’re doing great.
So he can sell his and cash out first?
Nah. Tesla’s dead. Now we need to kill spacex
IF you have Tesla shares AND you waited for a sign to sell them all asap …
who would invest in a car that’s so susceptible to spontaneous combustion
And so attractive to molotovs
Hey now, there’s no need to be redundant.
I suppose that was the undertext… sorry, I’m great at ruining jokes 😂
Liquidate Musk. Appropriate his assets and redistribute the proceeds.
I saw a cybertruck today. Fucker had a new tag on it. Fucker just bought it. I yelled and czlled hiim a fucking nazi. No way you buy any Telsa without knowing who you support.
The cars I can generally excuse. Most people bought them before the true craziness of Musk was known and I’m not going to expect anyone to buy a new car because of the politics of the CEO, that’s crazy.
Cybertrucks though? Nah, fuck you if you bought of of those low poly-ass shitboxes. You knew what he was when you placed that order.
Liquidate Musk, in a blender, in Minecraft.
Nationalize all his companies. SpaceX should just be NASA anyway. SpaceX is actually an impressive company with great engineers despite Musk. The only bad parts of SpaceX are all connected to Musk and Management.
Charges of domestic terrorism against anyone selling his Tesla stocks in 3… 2… 1…
Elon has NOT demonstrated ANY transparency THIS YEAR. Don’t listen to his words. Words are a “tool” that he uses to get what he wants, NOT what you want. He doesn’t think he is lying, it’s just business “management.” Lying is his way to help his business thrive. Perfectly normal…for him.
Perfectly normal for ALL Sociopathic Oligarchs. Lying, cheating, bad ethics, willingness to break the law, etc. are all considered valid business strategies these days. I’ve know many businesspeople who believe that.
Most businesspeople want to operate their businesses legally and ethically. People with morals and consciences wouldn’t be proud of having a successful business if it only got that way through nefarious behavior.
Unethical businesspeople know that, and look for honest businesses like that to exploit. They see their unethical and illegal behavior as a competitive advantage over their honest competitors. They know their opponents won’t cross a certain line, but they will, and they are actually excited to do it. They enjoy being dishonest, it makes them rich.
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.
Historically, that’s when we collectively reach for the ammo box. Hopefully we get it right this time.
when the CEO is begging shareholders “please don’t sell your stocks”, that is quite possibly the single biggest red flag for any company ever. That is “pull your money out yesterday” territory.
Yep.
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.
Could just buy puts
Puts don’t get you into the class action lawsuit.
I may not know anything about the stock market, but I think this means everyone should sell their stocks.
Sell your stock. Make the bank cash out elon stock so that he pay taxes on his loan collaterals
The protests won’t stop until the company is bankrupt. Sell em if you’ve got em.
He’s hoping everyone else doesn’t liquidate before he can. lol He’s trying to leave everyone else holding the bag.
Last thing he wants to do is liquidate. His twitter loans are secured by Tesla stock. He’d only liquidate if he gets a margin call on those loans.
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.
Yup, there is no way out of this now, and people know that. Even if there was a stock buyback, it’s not going to save it from certain death.
Even if there was a stock buyback,
This is just a different way to issue dividends.
Do you mean a management buyout?
But yes Tesla is cooked. The only way out is to remove the taint of Musk. Would mean the financial equivalent of Musk chopping 2 legs off. He doesn’t realise they are already full of gangrene.
Yes, I meant for internal stockholders to lessen the damage. Nothing they can do. I believe a large portion of their workforce was taking stock as compensation for a long time in lieu of cash, so this is just a harsh reality for them.
