Watch how Tesla goes bankrupt because of one CEO's idiocy and greed and then blame unions for it. Tale as old as time.
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Still not sure why the idiot shareholders approved the pay package...
If I was a large institutional investor with a significant amount of cash tied up in Tesla stock I would be concerned about Musk selling off his shares en mass and tanking the share price. Musk has shown nothing but how petty he can be even if it hurts himself when he doesn't get what he wants
He axed the supercharger department.
You know, the one thing Tesla had over all other EVs, the robust chargers that were everywhere.
I’d have cut and run then.
For a minute I was like "Wait why does an electric car need a supercharger how would that even work".
Then I remembered that it's a whole different thing now.
Very hard with the size of some of the positions of the larger institutional investors, they let their greed override any common sense with the long term growth for Tesla under Musk. The whole Tesla stock is a house of cards just waiting to dramatically fall in value.
Powerwall
Is not selling.
So basically a funny legal way of saying extortion?
It's a mess of their own making, if you hold the tiger by it's tail, you better not let go
Imagine him tanking a company for revenge
It would be strange if he did it twice right?
Tank me once shame on me, tank me twice...
Seriously. It was an easy way to get rid of that anchor
They hold over 40% of the stock, that's got to be well over $200bn, no way would they risk tanking the value
You think that Twitter is worth over 500 billion? I would be surprised if it was worth 1 billion at this point. They're still losing users.
Tesla, as that's the one institutional investors hold all the shares for as it's the only one of the two publicly traded.
Twitter is privately owned via loans. Twitter shows how pathetic he can be when he doesn't get what he wants even at the expense of his own money
Oh right, I forgot which one was paying him that ridiculous compensation package. Is Tesla worth $500 billion? I would think getting rid of the obvious emotional weak link that has rather public temper tantrums would increase the stock price, but that shows what I know.
As of yesterday the market cap was over 700 bn for Tesla. He can and has tanked the share price by bulk selling shares. Nobody is going to take that risk when they hold a few hundred billion in shares as even a 10% dip is at least 20bn dip. Best they can hope for is some more over the top announcements from Musk that boost the share price enough that they can reduce their holdings before Tesla drops like a stone.