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I don't think Tesla can get rid of Musk. If investors saw Tesla as just a car company the stock would collapse. Musk keeps making promises and breaking them, b
by avgDev 2y ago
I don't think Tesla can get rid of Musk.
If investors saw Tesla as just a car company the stock would collapse. Musk keeps making promises and breaking them, but it seems to pump the stock thus far.
- JumpCrisscross 2y ago> don't think Tesla can get rid of Musk They can't and they shouldn't. Tesla has a solid business. It just looks like it may have capped out its growth prospects in the U.S. and Europe. (In vehicles.)
- KerrAvon 2y agoTesla is certainly a solid memestock. It’s hard to say whether they have a solid business. If they dumped Musk, the stock would crash and they would have to install competent governance instead of continuously gaming the system. But that would be a better outcome for consumers.
- FireBeyond 2y agoThey have a solid business. It's just not the world-changing fantastic future that Musk talks a big game about. That's fine. But "solid business" is not what has manufactured Tesla's ridiculous market cap.
- davidw 2y agoIf Tesla's valuation reflected its value as a regular car company like, say, Toyota, it would be vastly lower. Shareholders would lose oodles of money.
- wqaatwt 2y agoAnd it seems to US/European companies will ever be able to compete in China again. So what’s left?