this post was submitted on 08 Jun 2024
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Tesla
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Wow, so shareholders get to save 46 billion AND get this moron to have his tantrums somewhere else? Where's the catch?
$46 billion for a guy who never delivers on his promises, has dropped the stock 30% in a year, layed off their most successful division (the charging network), and has let his company fall behind in tech in a space where they were waaaaay ahead. Also the cyber truck is an absolute joke. Oh right, and pissed off Tesla's strongly left leaning customer base.
If those 14,000 employees cost an average of $150k each, that's still only $2.1 billion. Those employees were vastly more useful than the dipshit at the helm.
If Tesla doesn't separate from Musk, they deserve to go under. Astonishing that they haven't sent him packing already.
Tesla will struggle without his cult though. He's holding the company hostage. Now there's a decent chance they'll turn around and make fantastic products and fix their reputation for the world at large, but musk is too narcissistic to consider that.
Without a good CEO they're toast longterm
A good ceo will take his hands off the wheel and let the engineers do their thing. Teslas aren't bad, but musk has been shitting their name up with his vanity projects and weird aversion to lidar.
He is tanking the company in this way because deep down he knows he absolutely sucks at everything and is in over his head passing gas. He wants them to pay him to go away and he can say he was unfairly ousted. While the company recovers he can say "look how awful they're doing without me" despite being the problem.
Most of the board members are bought loyalist who are only there to say yes master.