Technology

59983 readers

2646 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS

430

Tesla Shareholders Approve Musk's $56 Billion Pay Package in Early Voting (www.ibtimes.co.uk)

submitted 6 months ago by boem to c/technology

172 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Clent 8 points 6 months ago (1 children)

Yeah at this point it's a question of when the hype ends and it all comes tumbling down. There's nothing but investor sentiment holding the price where it's at.

Year over year revenue is down 50%, consistently for several quarters. Three missed quarterly estimates in a row.

The smart money is moving to catch the Nvidia bubble.

[–] [email protected] 5 points 6 months ago* (last edited 6 months ago)

Exactly that.
With the current ceo, it's been hyped beyond value.
One day, the value will return to the actual value.
If the ceo is changed, it will happen pretty rapidly, then the company can grow from there.
If the ceo is not changed, the hype will continue until either a breaking point, or the ceo changing.
So the shareholders have voted for the thing that preserves the status quo a little longer. Road-runner as it is.
And the ceo seems to have managed to extract a large chunk of the current hype money, in exchange for not changing the status quo.