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> Elon Musk sought to reassure Tesla Inc. employees that despite “rocky moments,” they should “hang onto” their stock The stock is overvalued and disconnected

by zfg 2y ago

> Elon Musk sought to reassure Tesla Inc. employees that despite “rocky moments,” they should “hang onto” their stock The stock is overvalued and disconnected from Tesla's performance as a business. Musk went out of his way to create brand damage for Tesla and the brand is now toxic. How much time does Musk spend at Tesla these days? Tesla employees have been calling him a "pigeon CEO" for a year now: https://electrek.co/2024/04/22/elon-musk-pigeon-ceo-former-tesla-manager/ https://electrek.co/2024/04/22/elon-musk-pigeon-ceo-former-t...

type0 2y ago
Elon must think it's safe because Trump will find a better way for government to subsidize Tesla
- adam__smith 2y ago
  ... or he desperately needs employees not to sell in case it triggers a stampede ...
  - wraaath 2y ago
    At this stage, employees don't own enough for it to be a meaningful percentage. According to Tesla's 2024 10-K annual filing - as of December 31, 2024, total RSUs vested total 18,409,000 which, at today (March 21 2025) have a market value of 4.578B. This is with Tesla having a market cap of just under 800B today (so total RSUs total 0.57% of TSLA) On the other hand - Wall Street, in aggregate, held around 56.62% of the total Tesla float (float comprises of shares available for trading, i.e. discounting closely held insider holdings, and restricted stock) And Wall Street generally focuses on results... That's where the stampede has been coming from, and probably will be where it continues once the next quarterly numbers get released, what with the implosion of international demand and competitive marketplace continuing to eat away at Tesla's market share. Tesla even now still trades at a 122 P/E ratio. GE is at 33, Ford is at 6. Gravity will do the rest.
    - adam__smith 2y ago
      its not the quantity, its the signal ... people on the inside bailing out

by zfg 2y ago

type0 2y ago

Elon must think it's safe because Trump will find a better way for government to subsidize Tesla

adam__smith 2y ago
... or he desperately needs employees not to sell in case it triggers a stampede ...
- wraaath 2y ago
  At this stage, employees don't own enough for it to be a meaningful percentage. According to Tesla's 2024 10-K annual filing - as of December 31, 2024, total RSUs vested total 18,409,000 which, at today (March 21 2025) have a market value of 4.578B. This is with Tesla having a market cap of just under 800B today (so total RSUs total 0.57% of TSLA) On the other hand - Wall Street, in aggregate, held around 56.62% of the total Tesla float (float comprises of shares available for trading, i.e. discounting closely held insider holdings, and restricted stock) And Wall Street generally focuses on results... That's where the stampede has been coming from, and probably will be where it continues once the next quarterly numbers get released, what with the implosion of international demand and competitive marketplace continuing to eat away at Tesla's market share. Tesla even now still trades at a 122 P/E ratio. GE is at 33, Ford is at 6. Gravity will do the rest.
  - adam__smith 2y ago
    its not the quantity, its the signal ... people on the inside bailing out