this post was submitted on 31 May 2024
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[–] reddig33 140 points 6 months ago (4 children)

Will this be what gets Elon kicked out of Tesla by institutional investors? What will it take?

[–] [email protected] 77 points 6 months ago (4 children)

If this doesn't do it, maybe he could just take a bunch of investor money and set it on fire in front of them at a shareholder meeting.

[–] billiam0202 40 points 6 months ago* (last edited 6 months ago) (1 children)

It's not about the money, it's about sending a message.

And that message is, don't be an emerald-mine-nepo-baby tech-bro billionaire on ketamine.

[–] cmbabul 17 points 6 months ago (1 children)

Fuck everything about Elon but that would be amazing on a few levels

[–] FlyingSquid 5 points 6 months ago (1 children)

Except it wouldn't surprise me at all.

[–] cmbabul 12 points 6 months ago (1 children)

The only things he could do at this point to surprise me is say something that isn’t stupid as fuck

[–] FlyingSquid 12 points 6 months ago (1 children)

He could give up his fortune and go sit under a bodhi tree and meditate until he found enlightenment. That would definitely surprise me.

[–] cmbabul 11 points 6 months ago (2 children)

Him building a submarine to visit the Titanic wouldn’t surprise me, but given his level of competence it would surely delight me

[–] FlyingSquid 9 points 6 months ago (2 children)

It would surprise me only in that, even though most people seem not to have noticed, Mr. Mars Colony has never volunteered to go up in a SpaceX rocket.

He's a coward.

[–] cmbabul 5 points 6 months ago

A very wise point, his ego and cowardice must just be in a constant battle for what he does next. Both are boundless

[–] [email protected] 5 points 6 months ago (1 children)

He hasn't even been to space. Period. Which surprised me after looking it up reading this comment because I thought he had at least gone to space with someone else's rockets on just one of those PR stunt trips that barely even can be called "going to space." Ya know, like Bezos did.

[–] [email protected] 1 points 6 months ago

That’s what makes the AI memes that one of his lackeys posts every day on twitter all the more hilarious. Weird uncanny valley images of him standing triumphant on Mars like a new Roman emperor, in a city he built with his own hands, toiling with his own blood and sweat, with claims that this will all become reality in a mere couple of decades, within our lifetimes. His response to these wild delusions? A laconic, lackadaisical “Yeah”

Lmao. Hmbol, even.

[–] xantoxis 17 points 6 months ago

He wants to give himself 10's of billions of dollars of their money already. You literally couldn't fit enough money in the room at the shareholder meeting for such an act to bother them.

[–] [email protected] 5 points 6 months ago

Elon musk surprised shareholders with this HOT investment trick.

[–] projectsquared 27 points 6 months ago

I can’t see how he’s anything but a liability.

[–] [email protected] 20 points 6 months ago

I believe the board is mostly installed by Musk so it would likely take quite a bit.

[–] [email protected] 16 points 6 months ago* (last edited 6 months ago) (3 children)

Elon has reached a level of financial and material entanglement across such a broad cross section of key economic sectors that I'm having a hard time seeing any institutional mechanism or structures being able, or willing, to take him down.

Unless the powers that be were somehow able to ensure his assortment of ponzi schemes and pump and dump operations wouldn't collapse and start a chain reaction that would, in economic terms, fuck our shit up, far and wide.

But even if they could, I doubt those capable would want a precedent that the existing system was able to takedown such a powerful and wealthy person.

The only way I see him checking out anytime soon is himself. Unless he knows the secret ritual rights for a proper Moloch summoning, no amount of adrenochrome boosters or infant blood infusions can compensate for his insane drug use and poor personal health habits. You can't be that old, that out of shape, and take that many hard drugs without it significantly reducing your life expectancy.

That also provides an out for the scenario I mentioned above. If the impact of his downfall on the wider economy could be mitigated, his incredibly unhealthy habits provide an obvious vector for his removal, without it setting a public precedent.

Tl;Dr: Hope he doesn't get sober, or learn to summon Moloch.

[–] [email protected] 8 points 6 months ago (2 children)

When the Tesla stock price finally corrects we will see Elon crumble. Right now it’s being shorted by too many massive hedge funds, which causes other hedge funds to bet against them.

This unfortunately lead to the price being massively inflated with Elon taking all the credit.

[–] [email protected] 5 points 6 months ago (2 children)

You're operating under the assumption that market forces can dislodge someone as wealthy and systemically entrenched as Elon.

Personally, I don't share that belief. I hope that I'm wrong.

[–] [email protected] 1 points 6 months ago

He is not entrenched as people believe. He isn’t old money, here. He isn’t oil money. He is temporary inflated stock rich and that bubble will pop.

[–] Aux 0 points 6 months ago (1 children)

He's not entrenched, lol. He's a first generation nouveau riche. Basically a peasant with some bells and whistles.

[–] [email protected] 0 points 6 months ago* (last edited 6 months ago) (1 children)

His dad had shares in an emerald mine according to himself in an interview with Forbes in 2014. He also went to expensive ivy league colleges.

He isn't nouveau rich, even though he wants to convince the internet that he is.

[–] Aux 1 points 6 months ago

Ok, second generation nouveau rich. Old money are people who were aristocrats 1,000+ years ago. Elon had to work and still works like every other worker. Old money don't know what work is for centuries. The gap between the poor and Musk is about the same as between Musk and some old duke family from England.

[–] jaybone 2 points 6 months ago (1 children)

I think he is too rich to ever crumble, unfortunately.

[–] [email protected] 1 points 6 months ago (1 children)

When Tesla stock crumbles, he won’t be rich. He will still be worth many millions, but that falls within the people worth prosecuting.

Worst of all, he would have committed the gravest sin possible in America: messing with truly rich people’s money.

[–] jaybone 2 points 6 months ago

When that day happens, the round is on me.

[–] [email protected] 3 points 6 months ago

We'll just have to hope he didn't learn anything from Steve Job's example and follows him to an early and well deserved grave.

[–] TurtleJoe 2 points 6 months ago (1 children)

He's actually not that old. He just looks like shit.

[–] [email protected] 3 points 6 months ago* (last edited 6 months ago) (1 children)

He's not that old for a normal person.

But he's way too old to avoid the significant health impacts of constant hard drug abuse.

It's a catch-22: if he wasn't that rich, he both couldn't afford, or survive, the same levels of drug abuse for a man of his age, and with a body that looks like spring thawed goose shit warmed over.

[–] nomous 1 points 6 months ago* (last edited 6 months ago)

Dudes among the richest people on the planer and you think he's going to kick the bucket any time soon?

Dick Cheney is still lurking around at 83 with a fake heart and you think muskrat is going to leave the earth in a reasonable time frame? He'll be 80% machine and trying to upload his consciousness by the time he's dead.