Won’t matter by the 3rd sale. BS it would matter after the first sale, even Scalia agreed with that, and that dead dude never met a corporation he didn’t love.
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Also, that shareholder apparently needs a reminder that he wasn’t exactly doing great things with Tesla to enhance shareholder value even before focusing full time on destroying the government.
- Other than Cybertruck they haven’t made any significant updates to their model lineup in years. Their newest car, the Model Y, is 6 years old.
- That big robotaxi reveal event that he had before the election last year was a total joke. Nobody really believes that those low-profile two-seat vehicles could ever make decent taxis even if they somehow solved self-driving, and they’re clearly nowhere near production.
- The Tesla Semi Trucks were announced in 2017 and finally went on sale three years behind schedule, with miniscule production numbers. Last time a number had been made public they still hadn’t even sold 100 of them yet.
- The reveal of the next-generation roadster also happened in 2017, but it never materialized.
- The less said about their dumb remotely-operated robots, the better…
So it’s hard to see Tesla as an especially innovative company lately, with or without Musk focusing his attention on it.
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This is really Sad.
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Ah, yes. That vehicle that promised a 1.1 second 0-60 speed with its “rocket thruster” option package? That Musk promised would be “safe” in spite of this? What a fucking joke.
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It would be perfectly safe. For Elon. He wouldn’t be anywhere near it when it explodes is used and accidentally shoots the car into the middle of the intersection against the red, or through the wall and into the playground.
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Remember the Green Scare. US loves to do bad things to people.
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Ah, but that’s the thing - the value of Tesla stock is so completely disconnected to the reality of the company, so inflated despite all the issues you raise, the only explanation is that it was inflated by the cult around Elon. So it didn’t matter that Tesla was unremarkable, that promises were constantly made and broken, that there was failure after failure - Musk was (supposedly) this super-genius, so obviously the share prices were justified because at some point the company was going to do amazing things. Some day. Without that fantasy, I can’t see that the stock would have hit even their current heights. It didn’t matter that Musk’s actual input into the company was usually pretty stupid and counter-productive to their product quality and probably overall strategy and production milestones as well, the fantasy of Musk was providing real (that is to say illusory) shareholder value. Now that the fantasy of the super-genius Musk has deflated (thanks to Musk exposing who he is), people can now see, with clear(er) eyes, that Tesla is this underperforming company with an unremarkable future, and Elno’s association is eventually going to have the opposite effect of what it’s had so far - but he made some people at the company quite a bit of money in the meantime when they sold their inflated shares. So yeah, exactly, it doesn’t matter if Musk decides to be Tesla’s CEO full-time and drop the “controversial” activities, even if people forgive all that, he’s already irreparably broken the one thing that made Tesla so valuable - the fantasy that he’s a genius.
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Sources:
https://www.reuters.com/world/us/trump-says-he-will-buy-new-tesla-show-support-musk-2025-03-11/
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So yeah, exactly, it doesn’t matter if Musk decides to be Tesla’s CEO full-time and drop the “controversial” activities, even if people forgive all that, he’s already irreparably broken the one thing that made Tesla so valuable - the fantasy that he’s a genius
Equally, it doesn’t matter if he steps down as CEO because he’s too controversial: in that case, the share price will course correct to the company’s actual value, without the hype factor. Which means a precipitous drop. They’re fucked either way.
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I never even heard of this one.
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I guess that means you’re fortunate enough to have not had one catch fire in your area yet.
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Substandard Engineering Merit Badge!
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