1y ago

Tesla pushes for $56bn pay deal for Elon Musk

www.bbc.com

Tesla seeks to award Elon Musk $56bn pay package

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Tesla should seek to oust Elon from the company. He’s ruining it. Cybertruck, falling sales, and important people heading for the exits.
- Tesla should seek to oust Elon from the company.
  They can't. The only thing propping up the ludicrous stock price is the myth of "Elon Musk, Super genius" and the legions of Musk fanboys. If they kick Musk out they lose both and the stock will tank. So they've got to keep him in place, even as he runs the company into the ground.
  
  The myth is gone.
  
  It's not. He even has defenders on Lemmy. Say that he has no experience as an engineer when it comes to cars and rockets and they come crawling out of the woodwork with quotes from people who worship him saying he's totally an engineering genius.
  
  “But he had the brilliant idea to use robots in automotive manufacturing!” /s
  
  I have a handful of ~~tankie~~ capitalism and "democracy" loving, American "traditional" leaning and religious Republican coworkers who absolutely still believe that he's a genius. They feel that way about other billionaires too.
  Edit: TIL that "tankie" doesn't mean "capitalism and 'democracy' loving, American 'traditional' leaning and religious Republicans." I guess the shorthand for that is just "stereotypical conservative."
  
  A Tankie is a Communist who likes Stalin's method of achieving communism.
  
  tankie
  I think you were looking for the word "ancap" instead.
  
  That there’s a bootlicker.
  
  Are your tankie friends buying tesla vehicles?
  Edit - real question. I have doubts his neo nazi/ libertarian followers are buying EVs because they seem to actively want to harm the environment as much as possible.
  I'm genuinely curious what the tankie demographic is like. I could see them as off the grid solar/battery doomsday prepper types.
  
  That’s lovely, but conservatives aren’t the market for solar panels and electric cars.
  
  Judging by the stock value - not at all. Enough ppl are THAT optimistic.
  
  Stock value can take a very long time to adjust. Once consumers and institutions buy a stock, they can't sell it easily. It's either a loss to sell it if they bought at a peak so they wait it out or if it's up and they want out, selling needs to be spread out to limit capital gains tax. If it's an institution with a large holding, it will cause the stock to drop before they're out.
  
  Mostly agree, but. As far as I understand it, for TSLA the majority of the bull run is due to relatively small investors riding the hype. Big stakes are indeed rare to change hands, and mostly outside the marketplaces. Should the small guys really change their mind on the stocks, they (or at least the first wave) will easily dump it, and that will move the market by a lot. We can probably see it in YTD results, but still there is no dumping, in my opinion. Just a correction, so far.
  Personally would not buy now, though )
  
  Yeah but his fart sucking fan boys still thing he's a genius.
  
  They also won't because they are hand selected by Musk. 2 out of 3 board members share his last name.
  The other is the alleged director of the board after Musk was forced to vacate the position. All indications are that she is his puppet.
  
  That's what they said about apple too and they have done pretty well without Jobs, although their quality and vision have suffered.
  
  Far different scenario since Apple didn't have much choice and Jobs left them with a product pipeline that wasn't garbage
  
  You didn't look back far enough.
  2nd times the charm in Apples case.
  
  What’s that you say? The stock will tank?
- I like the cybetruck
  How’d that meeting go? Alright, we’re going to take everything that made the DMC Delorean absolutely useless but add batteries!
  
  if they see their own investment dwindling, they will give him a golden parachute.
  And he'll go "That guy is now the CEO, I realized that I have to focus my time on (space)X, he will continue my vision"
  
  Great cars.
  https://www.theverge.com/2020/6/25/21302804/tesla-ranks-last-on-influential-jd-power-quality-survey
  
  So people who drank the Kool-Aid love the shitty car? Who would have guessed?
  
  What is my "weird thing" about Elon?
  Is it that he thinks that I'm both a fake white person and am oppressing real white people? Because he says that's the actual truth.
  It is weird to have a "thing" about someone who thinks that is "the actual truth" about you.
  It also has nothing to do with his shitty cars.
  
  I didn't say anything about your Tesla, I didn't even know you owned one.
  That’s an Elon hater in action.
  Dude, Elon hates me.
  Because of who my parents and their parents were.
  
  Is it really a weird thing?
  
  Hating a billionaire for causing the world to be a worse place is not "obsessing over wealth". That's quite literally just bootlicker rhetoric to shield the billionaire class. Fuck all billionaires, but especially Musk.
  There are so many better options out there that don't encourage the board to keep a racist, sexist, rightwing nut job in charge. It's not 2018 anymore, I encourage you to take a look at other options.
  The last uber I was in was a Tesla (a Model Y) and it felt like the door was going to come off when I closed it. Not to mention the lack of buttons and the fact that you have to turn your body 45° and look down to see your current speed. Is that really the "best electric car on the market"? I really don't think you'd be saying that if you were actually willing to explore the market and leave the walled garden.

78 comments