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Exactly. Can anyone name another CEO who could pull this stunt and wouldn't be immediately fired by his board? This whole ordeal exposed the complete lack of co
by xkjkls 7y ago
Exactly. Can anyone name another CEO who could pull this stunt and wouldn't be immediately fired by his board? This whole ordeal exposed the complete lack of corporate governance in Tesla.
- mehrdada 7y agoCan you name any other CEO who could pull the success Tesla had thus far? It comes in a package--you cannot pick and choose. If the board (or SEC) legitimately thought a better person could run the company, the outcome may have been different.
- xkjkls 7y agoI'm not sure I would call Tesla a success. The company has racked up GAAP losses of close to $7 billion since going public, and has never made an annual profit. Whatever Elon Musk has created, it doesn't look anything like a sustainable business.
- frank2 7y agoThe stock market disagrees with you: The market cap of Tesla is 137.2B in contrast to GM's 29.8B, Ford's 19.6B and Daimler's 32.3B. Source: https://markets.on.nytimes.com/research/markets/usmarkets/industry.asp?industry=53111 https://markets.on.nytimes.com/research/markets/usmarkets/in...
- xkjkls 7y agoThe market can remain irrational for a long period of time. WeWork was worth 40 billion two years ago. Now it's worth a negative number.
- frank2 7y agoWhen you picked WeWork out from the pool of many thousands of companies valued at 40 billion usd or more two years ago, you had the benefit of hindsight, which we don't have on the question of whether Tesla is currently overvalued by the stock market.