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If Tesla needs more money, investors will use that as a leverage to get the Elon Musk problem addressed. It would be good for everyone if there is intervention
by Nokinside 8y ago
If Tesla needs more money, investors will use that as a leverage to get the Elon Musk problem addressed.
It would be good for everyone if there is intervention that corrects the problem and Musk could continue. Investors can demand to have someone who can veto his craziest decisions and publicity or they can force him out. Musk has structured the board so that nobody has power over him. He must know that if asks more money that changes.
Musk seems to be highly functioning bipolar (he thinks so himself). It's probably mild form of bipolar disorder called cyclothymic disorder or something similar. People with cyclothymia are at increased risk of developing full-blown bipolar disorder over time.
The problem is that that his mental issues may get out of hand during stressful situations. Musk has been showing signs of slipping from hypomania to full mania for the last year: little sleep, endless energy, lowered inhibitions, erratic quick decisions and unnecessary confrontations. If he publicly calls people he has never met pedophiles, I just can't imagine how bad the situation is with the people who have to deal with him every day.
Musk has already achieved so much. It would be shame if it all ends in tragedy.
- HeadsUpHigh 8y ago>If Tesla needs more money, investors will use that as a leverage to get the Elon Musk problem addressed. Sounds you are lost into your own bubble. Every vote for removing Musk has failed completely in the past.
- Nokinside 8y agoThe first line I wrote addressees this issue. That changes when Musk wants to raise more money next time. Investors can use their power and set the conditions.
- bdcravens 8y agoThose votes have failed due to how the company's voting structure is set up. It takes about 90% of the vote outside of Musk and insiders to oust him.
- HeadsUpHigh 8y agoThey barely hit single-digits though.
- bdcravens 8y agoDue to how the voting shares are allocated, it takes about 90% of votes outside of Musk and company insiders to oust him.
- sytelus 8y agoVoting structure has nothing to do with raising money. Investors have leverage over terms when company is in trouble and finding it hard to raise money. They can include terms that can limit CEO power or change his/her behavior. Typical way they might do this is by demanding board seats and taking control over hiring of CxOs. Voting structure can become more or less irrelevant when you are in desperate need to raise money.
- perl4ever 8y ago"Musk seems to be highly functioning bipolar" It could be that pot is exacerbating problems with that.
- kamaal 8y ago>>get the Elon Musk problem addressed. That's like addressing the Steve Jobs problem in Apple, Bill Gates problem in Microsoft, Thoman Edison problem in GE etc. There is a reason why car manufacturers despite sitting on those 100s of billions of $s arent able to hold a candle to Tesla. Some people are irreplaceable. You can't go to Harvard get an MBA to become Thomas Alva Edison.