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Really hoping the board ousts him; he's more of a liability than an asset at this point, what with his strange probably-drug-fueled descent into madness. Sadly

Really hoping the board ousts him; he's more of a liability than an asset at this point, what with his strange probably-drug-fueled descent into madness. Sadly, it's not likely to happen.

lupire 2y ago
Such a throwback to see a company where the CEO or cabal doesn't have majority voting power.
zahma 2y ago
He might get a slap on the wrist when his comp package gets voted on by shareholders this June. Is there any reason to give a darn about what happens internally except for people’s outsized fascination with Musk’s personality? People love him or hate him for Tesla and Twitter, but in the end does it really have an impact on a macroeconomic level? I’m of course sympathetic to the thousands losing their jobs because of his decisions, and that’s assuming another CEO wouldn’t make similar cuts.
- jncfhnb 2y ago
  Well public perception of tesla has plummeted. Among democrats, who are probably the larger target market for EV’s, it’s dropped 90% from 30% favorable to 3% favorable over a few years: https://www.forbes.com/sites/alanohnsman/2023/01/12/teslas-brand-is-tanking-survey-finds/?sh=3deab4672b78 https://www.forbes.com/sites/alanohnsman/2023/01/12/teslas-b... As someone who is not very interested in cars, Musk, or anything California; there was a time where a Tesla seemed like a really cool choice. Now it seems like an embarrassing choice. The brand harm is very, very real.
  - decremental 2y ago
    [dead]
azemetre 2y ago
Why would the board get rid of him? From their side he increased their investments nearly 10,000% Elon is going to have to do worst things to get ousted than poor ramblings and failed vanity projects. This whole ordeal shows why workers should have some portion of board seats themselves.
- sidcool 2y ago
  Exactly. Musk's antics are an ethical and sanity concern, not a financial one. And Wall Street loves lay offs.
- jncfhnb 2y ago
  Because his past achievements are a poor indicator of his future value
- kelseyfrog 2y ago
  The future, not the past, is rewarded.

Really hoping the board ousts him; he's more of a liability than an asset at this point, what with his strange probably-drug-fueled descent into madness. Sadly, it's not likely to happen.

lupire 2y ago

Such a throwback to see a company where the CEO or cabal doesn't have majority voting power.

zahma 2y ago

He might get a slap on the wrist when his comp package gets voted on by shareholders this June. Is there any reason to give a darn about what happens internally except for people’s outsized fascination with Musk’s personality? People love him or hate him for Tesla and Twitter, but in the end does it really have an impact on a macroeconomic level? I’m of course sympathetic to the thousands losing their jobs because of his decisions, and that’s assuming another CEO wouldn’t make similar cuts.

jncfhnb 2y ago
Well public perception of tesla has plummeted. Among democrats, who are probably the larger target market for EV’s, it’s dropped 90% from 30% favorable to 3% favorable over a few years: https://www.forbes.com/sites/alanohnsman/2023/01/12/teslas-brand-is-tanking-survey-finds/?sh=3deab4672b78 https://www.forbes.com/sites/alanohnsman/2023/01/12/teslas-b... As someone who is not very interested in cars, Musk, or anything California; there was a time where a Tesla seemed like a really cool choice. Now it seems like an embarrassing choice. The brand harm is very, very real.
- decremental 2y ago
  [dead]

azemetre 2y ago

Why would the board get rid of him? From their side he increased their investments nearly 10,000% Elon is going to have to do worst things to get ousted than poor ramblings and failed vanity projects. This whole ordeal shows why workers should have some portion of board seats themselves.

sidcool 2y ago
Exactly. Musk's antics are an ethical and sanity concern, not a financial one. And Wall Street loves lay offs.
jncfhnb 2y ago
Because his past achievements are a poor indicator of his future value
kelseyfrog 2y ago
The future, not the past, is rewarded.