Summary
Tesla investors, frustrated by the stock’s decline, are demanding accountability from Elon Musk, who recently illegally demanded federal employees justify their paychecks.
Shareholders took to Musk’s social media platform X, asking him to similar list his contributions to Tesla.
The stock has fallen for six straight sessions, underperforming the Nasdaq.
Meanwhile, Musk faced backlash for overstepping in government affairs, forcing Trump to smooth tensions.
How will Elon’s human meat shield react when he finds out that Daddy used him as… well, a human shield?
It’s been obvious the last couple months, he no longer cares about Tesla or X… He’s on the government’s teat now…
He has never not been on the government teat. He has the government to thank for tesla’s success.
Yeah just about the only thing that might get a reaction out of him is a SpaceX walkout, but from his family history I think subterfuge of democracy has always been more important to them than just the money.
Part of me hopes they name a different CEO just because of the massive hit to his ego that would be. But then I remember that would mean the company would be run by someone likely not putting 6lb of K up his nose daily, which would make Elmo even more obscenely wealthy and free up more of his time for destroying our fucking government.
I’m pretty sure Elmos actual goal is to be the first trillionaire and he’s willing to burn the world down to do it. That he’s able to advance a white nationalist agenda while doing it is icing on the cake.
Don’t you mean second, Putin is the unconfirmed 1st trillionare
Then the board should fire their fascist CEO…
But they can’t because he replaced them with loyalists…
So they sell their shares and the stock tumbles more…
So the remaining investors get angrier…
It continues…
And then it ends owned wholly by Vanguard/BlackRock/etc
Fire, then sue. They should sue him for all losses in sales and stock losses tied to his bullshit. Many could argue he’s caused 1T in losses.
Same thing they’re doing to the country. Take parts out of the government so that it doesn’t work as well, blame government, take more parts out of it so it tumbles more, etc.
That’s all these clowns know how to do. “Cut to profitability, who gives a shit how it affects employees and customers” except government isn’t supposed to be profitable and the (non-wealthy) citizens of an entire nation get fucked.
no no no. He’s the largest shareholder. Make him stay at Tesla until the stock is worth like other car companies.
Make him stay there until his stock is like my bank balance.
He doesn’t deserve profit.
Be a Nazi, no one cares.
Lower sales impacting stock price? How fucking dare you!
The Capitalist Class doesn’t care about systematic issues nor the rise of fascism. The Capitalist Class only cares that the line goes up.
Listen, the best hope for things to get better here is if the economy tanks. Which it will. And is.
I mean, the two things are related.
Lie with dogs and you’ll wake up with fleas.
More like mange
What if you are the blood sucking flea?
Asking for a musk.
They did have the chance to remove him, sometimes betting on the market doesn’t pan out
Yeah and instead they gave him something like a $50B payday.
Still 40% up over the last year. But Tesla has never paid dividends. Why they investing in a supposedly profitable company, one where the market cap is too big for anyone to buy them out, when it doesn’t pay dividends?
There is some kind of shady deal going on, I bet. 0 reason why Tesla is worth more than like the next 12 biggest auto makers combined. The argument previously is that they’re a tech company with FSD, but that has become increasingly untrue as the years, missed targets, failed upgrades, and lack of implementation continue to pile up. Add-on Cyber Truck failures and Musk basically abandoning Tesla to play Govt Undertaker, and the company itself looks worse positioned than at any point in time.
Tee investor class has pretty much all of the money now, so the goal isn’t to make a product that makes a company revenue anymore. The goal is to convince investors that other investors will put money into a company. Tesla is very successful at promoting itself as a company that’s going to come out with some nebulous product that will be a game changer. They don’t need to actually do this, or even be able to convince people they will do this. They only need to convince investors they’ve successfully convinced the Greater Fool that Tesla is going to do something big someday.
I’ve been trading TSLA stock for a few years now, and Elon has been manipulating the stock price using his celebrity status for just as long. I remember that at one point the SEC was gonna press charges but instead they came to a compromise in which Elon would not tweet anything about TSLA without first submitting the tweet for SEC approval.
The other thing is that TSLA is majority owned by retail investors, who generally speaking buy based on vibes and hype rather than sound fundamental analysis. The price is not logical and most analyst have said so for ages now. The company had like one or two real good years, anything before that and after that has been a nonstop hemorrhage of cash. But in my analysis the reason TSLA stock can no longer sustain this price is that their strategic advantage has been almost entirely eroded. Self driving cars? China beat them to the punch. Robotaxis? Awfully behind, they are going to be entering a crowded market by the time their tech is ready. Robots? Same as above, I mean Boston Dynamics has been doing this for two decades now. Cars? Every automaker makes an EV at this point and quite a few of them are actually nicer than Tesla even if they don’t have all the gimmicks.
TSLA is for electric vehicles what IBM was for computers.
Every automaker makes an EV at this point and quite a few of them are actually nicer than Tesla even if they don’t have all the gimmicks.
Quite a few of them are nicer than Tesla because they don’t have all the gimmicks.
I wouldn’t buy a Tesla for many, many reasons, but their gimmicky nature is up there. Leon seems like he’s obsessed with reinventing the square wheel.
5 years old, and has proven itself time and time again
https://www.reddit.com/r/options/comments/hk7nqe/tesla_infinity_call_gamma_squeeze/
Nope
Las time I looked at that institution ownership was lower, but we are still talking about a 40% retail owned company though, that’s a lot and it’s a big driver in the overvaluation.
IMO its currently propped up by two effects. Musk going hard right making investors think Republicans will buy Teslas to support Trump. I also think they believe that Musk being in the government will get Trump to hand Telsa some sweet government money.
It’s turning out that Republicans won’t buy Teslas even if Musk is full Nazi. Plus, Tesla has lost the entire rest of the world market by going full Trump.
Musk pretty much abandoned tesla when he bought twitter
No Republican I somewhat know can even afford a Tesla.
I said it when he first started this right wing BS. Michael Jordan was smart enough to say Republicans buy sneakers too. He did the opposite in his ketamine fueled rage, and pissed off probably 70% of the people who actually wanted to buy his shitty cars. It’s an absolutely brain dead move.
The bloodshot eyes he gets is from cocaine?
0 reason why Tesla is worth more than like the next 12 biggest auto makers combined.
Market cap isn’t the same as market share, the reason their market cap is so high is because people are bad at investing and can be easily manipulated by a con man.
We’re saying the same thing, just one more eloquently than the other (you than me lol).
I was mainly meaning that there doesn’t really have to be a shady reason their market cap is so high, people are just dumb.
Fair, but I do think it is deeper. His current ties to the administration have some current implications, but even prior to that, the amount he received with govt contracts and his habit of over-promising and under-delivering make me skeptical that the upwards trajectory can largely be blamed on retail investors. His cult of personality certainly is a portion of it, but I don’t think it would just be that.
I’m also just a stupid person bitching on the internet, though, so give me thoughts whatever weight you’d prefer lmao.
the amount he received with govt contracts and his habit of over-promising and under-delivering make me skeptical that the upwards trajectory can largely be blamed on retail investors.
I don’t think it’s solely because of retail investors, there are a lot of venture capital firms that are also really stupid about where they keep their money, as well as foreign investors like the Saudi.
Imo when the market overcooks right before a recession a lot of capital holders don’t really know what to do with their money and so they end up investing in things like Tesla, the next tallest building in the world, or weird projects like Neom.
I mean, next tallest building in the world is at least a tangible object lol. FSD is 1s and 0s that they say work given very narrow parameters and weather. But yeah, completely agree
I mean of course they’re going to be reticent to comment. Didn’t they just give him like $50 bill? Gotta save face and keep quiet about that… or they look like idiots too.
Because the line only goes up! Line never go down!
Because if i bought last year and sold this year, id make 40% on my money. Thats why people keep buying in
Yeah, but we know what happens with bubbles.
They pop. But they always recover to new highs. So the people that get screwed are the people investing on margin, using stock options, or who sell low. If you hold your position, you’ll be fine in the long run. Line always go up
Line always go up
Eh, until it doesn’t anymore. I understand the macro dynamics of the stock market, but after major market crashes everyone pretends that it was impossible to see that there would be a crash until the airbags deployed.
I don’t see how it happens this time either with the Fed straight up buying funds to make the line go up in the last almost crash (i.e. COVID), but that’s why you and I won’t be covered in the next big short movie.
As doctorow likes to say, all things that can’t go on forever eventually end, and does anyone really think this can go on forever?
I’m guessing they don’t care about dividends?
They simply borrow all the money they could possibly want on the perceived collateral of their stock.
Ya Elon is getting his money just like the GOP now. He’s not worried about what you think
Musk is going to sue investors for selling stock calling it a “conspiracy against him”.
I can’t wait until “some 100-character impulse rant on Twitter” isn’t news anymore, nor seen by millions.
Like, if Twitter were to get destroyed tomorrow, the world would be such a better place.
Come to think of it, Twitter is almost a necessary tool for speculative investing and the undeserved growth of the current stock market (which at this point is mostly based upon idle index fund investments, and retail investors following hype cycles). It’s essentially a stock market manipulation tool for politicians and CEOs that allows them to skip the press releases and hype up their stocks instantly and directly.
Listened to an interesting podcast last night about how vulnerable Tesla is to protester action. None of Elon’s other companies are profitable, they’re all hype bubbles, Tesla is the only company that actually makes money… but its models are getting old and the swastitruck was a flop and its fired all its talent in favor of loyalty to the company.
Not only that but once they popularized EVs and more stubborn, established companies started to actually develop them they also lost a huge amount of market share. Every year there is less and less of a reason to buy one and there are several huge deal-breakers as well. It’s not a good position to be in.
Sucks to suck.
Yup, the episode goes into this too. They had a huge opportunity as the biggest early entry into the market, but instead of focusing on producing a cheap mass production model they became a hype company that over promised and under delivered. Now the only hope is if the government bails them out (and it probably will)
if the government bails them out (and it probably will)
Given that Musk is now the king of conflicts of interest, who can eliminate whole government departments and replace them with contracts for his own companies, this seems very likely.
Who is going to drive the things when the entire federal government gets their pink slips? Will they just fill the federal parking lots in DC with fleets of unused white sedans?
Man the North Koreafication of America will be fucking weird to watch.
That website, yo.
SpaceX isn’t profitable?
I think the answer is that no one knows because it’s not a publicly traded company. But I would bet on no, it isn’t profitable, nor will it be for the next 100 years. It is however the good part of Elon’s legacy, and if he stayed out of politics he would have been remembered as one of the greatest men in history for the leapfrog in space exploration that he ignited.
You really do have to die a hero or you live long enough to become the villain.
Too bad spacex is getting a lot bad press from dumping illegally, and ignoring safety regulations
Elon’s legacy now is that he’s the foreign Nazi who finally took control of the United States government.
We don’t know, it’s a private company and doesn’t have to publish. I could see it being profitable because it gets money from the government, but based on how Musk runs his companies I could also see it being a dumpster fire behind the scenes.
I didn’t know how true anything is these days, but from what I’ve read he’s mostly hands off at SpaceX.
Upper management basically keeps him distracted with shiny toys so he doesn’t interfere with the “class” like a toddler
There was an anonymous statement by an employee that SpaceX basically has a small department whose entire purpose was to keep Musk distracted from anything important whenever he would get involved with “running” the company. Pretty sure the article I read that in said that they confirmed the employee’s identity and it would explain a lot about their surprisingly successful work.
Yes I’ve seen the same information but didn’t remember the details. I think you’re spot on.
I was hoping there was as a real movement against Musk. Instead, we got a whole article about one snarky post on X.
Won’t you please spare a thought for the investors ?
I won’t shed a tear for blackrock, vanguard, etc. but enemy of my enemy and all that. Would be hilarious to see him ousted.
demanding accountability from Elon Musk
