this post was submitted on 01 May 2024
872 points (97.5% liked)
Technology
59708 readers
5537 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 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Such a "clever businessman." Embezelling $17 million in taxpayer dollars to enrich himself.
Which, even if it went directly into his pocket, doesn't even move the needle for him.
Like another poster said, his goals are more likely politically aligned. He wants EV infrastructure to fail to show libtards are squandering tax money. Self fulfilling prophecy and all that.
Why the tesla board hasn't sent him packing yet is beyond me. There must be some golden parachute clause that would be very expensive, but he's doing massive harm to their brand that it must be worth it to cut him loose at this point.
Edit - I also think this ego maniac is sabotaging his own charging infrastructure simply because the government passed a bill (IIRC) that requires the charging stations be accessible to any EV. Not that it needs to provide the connectors on-site - other EV drivers will need to bring their own adapters. Simply that the payment system allows non-tesla owners to use it.
He's stacked the board with his friends and family. They're not going to raise the chance of it themselves.
Our only chance is/was actions by activist investors. I suppose I would have been considered one of those until yesterday when I sold.
His board is full of friends, family, and other sycophants.
Shareholders won't vote Elon out because he is sadly the one reason its so highly valued, and if he goes, the stock price does with it. They won't do anything until the company is on fire, and its not yet.
Given that yesterday's layoff news did nothing to the stock price, we're getting there.
Elon isn’t the one reason. Tesla stock skyrocketed in value the moment Bill Gates and other hedge funds announced they are shorting the stock.
Other hedge funds decided “I will take that bet” and here we are.
It is clever until he faces some consequences.
If* he faces consequences. FTFY
Wake me up when he ever faces consequences.
His companies paying fines doesn't count. Musk paying fines less than 1% of his net worth don't count either.
Buying Twitter was, arguably, a consequence.
I thought that at first, but he seems to have emjoyed killing it and reanimating the corpse as whatever the hell 'X' is supposed to be.
It's the social media company he founded, obviously.