So let me get this straight.
Elon Musk is the reason Tesla is tanking and his solution is more of him?
How many Ds of Chess is this? I’ve lost track.
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So let me get this straight.
Elon Musk is the reason Tesla is tanking and his solution is more of him?
How many Ds of Chess is this? I’ve lost track.
Tesla is a person cult.
If any other company had such earning reports and a disatrous earnings call like tesla did, it would go down at least 30%. Tesla went up 30.
Sure, it's possibly the most manipulated stock on the market, and regulators get axed, so we even don't know how much of the cult is left and how much is coming from billionaires pockets that pump and dump all day to get the money of the hopeful.
There will be a hard line where the Pool of idiots with money to rob dried out and they crash harder than Theranos.
Tesla cannot be saved until and unless Musk sells his share of the company and completely divorces himself from it. Even that may not be enough, as the brand is so closely associated with Musk that his stain may not wash off, but it's their only chance.
90% of what is keeping Tesla's value is the tech bro community's absolute belief in Elmo. If he sold all of his shares the value of the stock would plummet to almost zero. Hell if he even just sold a moderately large portion of his shares the stock price would plummet dramatically. That's why he's always so reluctant to sell his stock and basically uses it to leverage loans.
It will, it just takes a lot of years. Lets not forget that Hugo Boss and Volkswagen were nazi germany companies.
They’re still quite popular even though one made military uniforms and the other vehicles.
The being a Nazi strategy didn’t pan out I guess
All he had to do was shut his fucking mouth. Tesla sells a competitively-price product and has a strong moat with their charging network. He is snatching defeat from the jaws of victory, all because he doesn't know how to STFU.
There is only 1 way to save that business and thats for elon to get rid of it.
Nobody is going to forget whats he's done or the fact that he is a nazi.
That's fine. Tesla was always a meme stock with no substance anyway.
We hadn't heard much from him over the past few weeks, and now we get this earnings call, and it is far worse than expected. He's known this was coming, and has been laying low, probably hoping things will improve some before making what he knows would be a disastrous earnings call. Its the equivalent of watching your diet 3 days before a doctor's appointment, hoping your weight gain and cholesterol increase won't be as bad as you know it is.
Also, it's a safe bet that his board of directors is livid, and that he has been ordered by his board to get back to work, or be removed as CEO of Tesla.
There is almost certainly a shareholder class-action suit brewing over his reckless and irresponsible behavior over the last several months, which has directly caused severe, and probably irreparable damage to the company's brand image AND it's sales around the world, as well as tanking the stock price, an unforgiveable sin in the investing world. Now that the bubble has popped, it will never inflate again. As future earnings reports are released, and sales continue to slide, the stock will continue to decline, and the cycle will continue until bankruptcy. And it is all traceable to Skum's self-indulgent, egotistical behavior.
The only question is will Skum be the only defendant, or will the lawsuit also name the individual members of the board, for not reigning him in, or firing him. They don't want to be sued alongside him, so they are forcing him to get back to work saving Tesla, thus letting them off the hook for legal liability.
Its doubtful Skum will be able to save Tesla at this point, its almost certainly too late. It is also probably too late to avoid a shareholder lawsuit. Investors have lost millions of dollars, not due to the vagaries of the market, but due to Skum's outrageous behavior, like throwing up celebratory Nazi salutes on national TV, which, as CEO, he should have realized would damage his company and its investors significantly.
And arguing that he didn't recognize the danger in advance is no excuse at all for a CEO, who should have been able to predict the response to his self-indulgent ego bender.
Shareholders have lost many millions, and they won't just let that go with an "Oh well." He's likely going to get sued, and the board is just making sure they don't go down with him.
I give Tesla two years before they file for bankruptcy, and I'm only giving it that long because HitlerPig will give him a bail out that will buy him a little time.
What about creating a new model, the Tesla Texas? Same old shit, but running on gasoline
Ketamine does cause brain rot
The tag is a lie -- he says he's dialing down on DOGE but we all know it is untrue -- but fortunately the authors clearly call bullshit on that claim in the middle of the article.
There is one very easy way to save Telsa. Musk needs leave and divest. The company can’t have anything to do with him anymore.
Well that's guaranteed bankruptcy.
He owns 20% of an extremely overvalued meme stock (market capitalization of Tesla = almost all top 10 car manufacturers COMBINED), if he dumps them, then everyone will get margin called
And any other CEO would not be able to pump the meme stock telling the "self driving in 6 month" lie for years and years without being indicted for stock manipulation
without being indicted for stock manipulation
The SEC is dead and he has presidential pocket pardons.
Even if one of his ideas were to apologize for the nazi salute I think the "saving Tesla" ship has sailed.
Has he tried selling it to his AI business tohide the losses like he did Twitter?
Elon Musk vowed to refocus on Tesla
issue is - he should have done that 2-3 years ago. now its too late
Due to sheer china cars velocity - he cant catch up.
I'm curious what's going to happen if banks start calling Leon's loans since Tesla stock isn't going to be enough to cover his loans at some point, probably pretty soon.
That's not how loans against stock work. If the share price reach a threshold the shares are automatically sold to cover the loan.
Bezos car company is a lot more practical. I just wish it wasn’t bezos.
He also threw a bunch of money into Rivian. He’s basically investing in companies that can make a a delivery truck that is cheaper to run and maintain.
Did he try to carry a sink into Tesla?
Bail out and never come back. Only way else Tesla is done.
He hasn't shot any migrants from his window in the morning. Maybe shoot migrants from your window? I don't known, that's the part I remember most about Schindler's list.
That could boost sales right?
Maybe if that $56bn bonus goes through he’ll think of something. Heh.