They’re going to bring Richard Bruhn back from the dead for it.
this post was submitted on 01 May 2025
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The American consumer is a fucking idiot, this has a high chance of success as people forget about Elon and go back to buying them.
I mean, in fairness, do we have any qualms with the rest of the company? Elon was directly responsible for pretty much all of the cyber truck decisions. But the regular Tesla's, aside from Elon prohibiting lidar and making false claims about self driving, are pretty decent. Without him, lidar might get implemented, the cyber truck will probably be scrapped, and real engineers will have their voices heard again.
Isn't that kind of what we want from a company? To realize their errors and remove the cancerous parts?
Are you assuming Elon would no longer own stock or have other ways he'd continue to profit from Tesla?
Why do you want a redemption arc for this overvalued company so bad? You holding a bag?
Tesla was garbage before Elon came out as a Nazi. The quality control is non existent and has been.
Yes, and that's another reason the company is failing, and I won't buy a car from them. But, that's not the point here, the point is Musk's stupid antics are having major consequences for him. The only value he's had for the company for years is as a mascot. The company succeeded so far as it has in spite of Musk, not because of him. Same for SpaceX.
It's literally the opposite. The company has only done well in the past because of his antics. Tesla currently has a price per earning ratio of 155. It's only even this low because now people realize he's a Nazi. In the past, I've seen their price per earning ratio go as high as 350. If you know anything about stock fundamentals, you'd know that a normal ratio is around 20-30. Anything under would be a must buy stock and anything over would be a must sell, generally but not always.
But not Telsa. This isn't the first quarter sales have been down for Telsa. In the past when it happened, Elon would just do something stupid like launch a car into space, make a small flame thrower, or do some stupid meme shit and the price would still go up, despite a bad earnings call.
Since the first non roadster Telsa, they have been making shit quality cars and selling features as a subscription. If it wasn't for captain dipshit doing stupid stuff and fooling people into thinking he's smart, that company would have failed. Or he would have sold his portion back to the original owners and they company might have produced quality cars like the Roadster.
He will still have a shitload of shares. I don't need to get into the nitty-gritty detail of whether I hate the company or its products; his stock in it is what allowed him to buy the election for Trump, so fuck Tesla.
But did Tesla facilitate that or was Tesla worn like a puppet by an investor(Elon). There's a distinct difference and what I'm asking. Do we blame every company that gets gutted by Venture Capitalists? Do they have no path to redemption?
But did Tesla facilitate that
It’s shareholders sure did.
https://www.cbsnews.com/amp/news/elon-musk-pay-package-vote-cbs-news-explains/
It's bizarre that you're even entertaining this as an idea.
Unless Musk loses all of his shares, not sold, and not only some, all of them - Tesla is complicit in providing power to Elon Musk.
No they do not have a path to redemption as long as it is *literally the reason he was able to buy (and manipulate for his own gains) Twitter.
I think you're probably giving a potential new CEO too much credit. You really think that Elon will just relinquish control over his company and let the CEO do whatever? Not a chance.
His company? You say that like Elon owns Tesla. He doesn't even have a controlling share.
Calling a company, which actively vendor-locks pretty much the whole car using their propiatery software while having the worst warranty ever, pretty decent is beyond me.
Especially a company belonging to the car lobby.
To be fair, I think people get blinded by the fact that Elon is a massive twat, and miss all the other little bits.
We do, as he’s the biggest shareholder 🙃
They're overvalued in the triple multiples compared to other American car companies because they're a meme stock and halfway ran on government subsidies we paid for rather than putting it into education or social causes.
A step in the right direction isn't good enough when there's miles to tread.
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I understand completely why you'd want Elon to fail, but why would you want Tesla to fali?
Because they're not magically taking away his stock shares. If Tesla succeeds so does Musk, no matter what position he holds. Nothing changes when oligarchs who will happily take food out of children's mouths to enrich themselves and send US citizen children with Cancer away never suffer any consequences.
And that's BEFORE we talk about the fact that Tesla cars suck ass now compared to similar segments from competitors. They're a net negative in the industry and in their influence on humanity. EVs are going to continue to take up more market share worldwide without them.
Endless government subsidies inflating the stock astronomically above any other normal car company, as paid for with American tax dollars.
As a company, horrible QC and manufacturing standards compared to even the worst of their peers, and the insistance on self-driving tech that doesn't even need to exist for their vehicles to function.
Tesla is a shitcoin turned into a company.
Still means fuck all as long as he holds his Tesla shares. All you're doing is making him more money by making the shares go up again.
Drive the stock into the forking ground.
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