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- cross-posted to:
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Casino economy based on griftonomics
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Company performance and value have completely disconnected from stockprice and CEO pay. It’s just a pyramid scheme at this point, with the shrinking base of benefactors looting the til as long as the merry-go-round keeps on going.
Until it doesn’t. But by then they’ll be high and dry in their New Zealand bunkers, sitting on their hoard of gold.
Seriously, is this just some shell company? Hasn’t the stock mostly tanked, but we give more rewards? Accountability for thee, but not for me.
Always has been. It is a meme stock parading as a car company.
First line of the article says he has to boost company valuation freom $1T to $8T to get it. That’s a pretty insane target.
So he’s single handedly killed their brand and tanked their sales, so they want to… Give him MORE money?
So why exactly would any investor have any faith what so ever in that company?
I think most of the inflated value of Tesla is due to Musk. Not because they’re a good car manufacturer or have the kind of turnover that makes them worth more than most other car companies combined… So whatever the cost is, they need to keep Musk and live off of his charlatanism.
This feels like a desperate attempt to keep the cult leader on an obviously sinking ship. The Tesla board has to know if they loose this looser everyone will wake up and see how fucking terrible the company is doing
Or,
and hear me out on this one; he could go fuck himself with a loaded shotgun.
That would be soooo hot.
Ees got a pumpy
Who the fuck is gonna pay for that?
everyone buying his meme stock known as TSLA
I can’t imagine wanting a multibillionaire to be richer. Those people are weird as fuck.
They aren’t thinking about that, they are thinking of themselves. They are duped into thinking the stock will continue to go up indefinitely. Sure it has dipped a bit, but over the course of 1 year, it’s still up 50%. We’ve been hearing about the stock tanking all year, but in reality it’s only down 8% and will probably go up again. Over the course of 5 years it’s up over 175%. This makes it a very tempting stock to invest in, it’s big gains in a short amount of time. All you need to know is exactly when to buy and when to sell.
At least until the ceiling is hit and the floor falls out, then the stock implodes and all the money is gone. Everyone with a brain looking at the actual company Tesla and all the idiotic stuff Musk has been doing has expected this to happen. But for various reasons this hasn’t happened yet.
And remember a lot of things Musk has done aren’t legal at all. Blatant market manipulation, total disregard to any rules and laws. Plus all the shit he’s pulling with Twitter and xAI folding into Tesla and SpaceX. SpaceX only being held afloat by massive government investments and investments into Starlink. SpaceX is making a lot of money launching Starlink all the time. With the way they’ve designed it, those units de-orbit within a few years, being so low to be well inside the atmosphere. So they need to keep on launching to keep the network going all the time. Investors are paying for this, in the hopes Starlink ends up making enough money to pay for it. Nobody has ever gotten any similar satellite networks to be profitable, but who knows, they might make it work.
What the actual fuck do you do with a trillion dollars though? Like I wouldn’t even want that headache. You’d have to work 15 hours a day, or employ a huge staff to manage that level of capital.
The only people that want this kind of capital are supervillains with small penis syndrome.
The company has tied the compensation to a number of benchmarks, one of which involves increasing Tesla’s overall valuation from around $1 trillion to more than $8 trillion
So the directive is clear: Take the company that is valued well over 10 times it’s actual value, and make it a 100 times overvalued!
Still on the prediction that Elmo will be bankrupt within 3 years
Tesla is already 100 times overvalued at a minimum, this would be 800 times. Their intrinsic value is not more than 10 billion, and that is before Elon alienated half of the West with his Nazi bullshit and government actions.
The guy “threatens” the company by saying he’ll leave and the company’s response is to give him more money? What the fuck do guys like musk and trump have on these people that makes them unable to say no to them? If someone threatens me I’m going to tell them to pound sand even if the thing they are threatening to do to me is good for me. I don’t take well to being threatened. Once you capitulate with someone like that it’s like bargaining with terrorists, it’ll be death by a thousand cuts since they know you will capitulate again. You can’t win by being a fucking Neville Chamberlain.
Have some fucking principles. He is one man. He isn’t some super genius making your business glorious. He’s a fucking nazi piece of shit draining you dry. Kick him to the curb and do actually good things for society.
Tesla isn’t trading on any kind of fundamentals so most of them know it’s a meme stock that is tied into the Musk cult of personality. What that means is that none of them want to be left holding the bag and if Musk leaves, the bottom drops out. The 1 trillion dollars is a ransom as Musk knows that if he leaves, the stock will drop until it reaches its real value. These members of the board and large investors are like hostages trying to negotiate with their captor. The bars keeping them in place are made of greed. They could cash out at any time really but they won’t.
I’m just a broke boi, and even I won’t go near this piece of shit stock. It’s Fantasyland. I get why institutional investors were in on it, like it has a meteoric rise, and the ones that were in did a great job of calling it, identifying it, and riding the wave.
I dont think there’s any wave left to ride though. No one serious should be involved in this company. I say that as a customer too. I love my Tesla, what a fantastic car. But even I’m not buying another one, and I’m not giving them anymore money. My whole neighbourhood will burn me like a witch if I even thought of doing so. Old ladies flipping me off on daycare runs and stuff like that, who needs that noise?
Please tell me how government is inefficient and wastes trilions, again, daddy.
