As top shareholders dump their Tesla stock, Musk is now begging the rank and file to hold onto their equity.

Keep it going. Canada, you’re doing great.

  • SeeMarkFly@lemmy.ml
    0·
    3 months ago

    Elon has NOT demonstrated ANY transparency THIS YEAR. Don’t listen to his words. Words are a “tool” that he uses to get what he wants, NOT what you want. He doesn’t think he is lying, it’s just business “management.” Lying is his way to help his business thrive. Perfectly normal…for him.

    • barneypiccolo@lemm.eeEnglish
      0·
      3 months ago

      Perfectly normal for ALL Sociopathic Oligarchs. Lying, cheating, bad ethics, willingness to break the law, etc. are all considered valid business strategies these days. I’ve know many businesspeople who believe that.

      Most businesspeople want to operate their businesses legally and ethically. People with morals and consciences wouldn’t be proud of having a successful business if it only got that way through nefarious behavior.

      Unethical businesspeople know that, and look for honest businesses like that to exploit. They see their unethical and illegal behavior as a competitive advantage over their honest competitors. They know their opponents won’t cross a certain line, but they will, and they are actually excited to do it. They enjoy being dishonest, it makes them rich.

  • peteyestee@feddit.orgEnglish
    0·
    3 months ago

    Make him do something. If Elon eats a giant booger mad up of all stock owners boogers, then they won’t sell. If he doesn’t… …well he can’t sit at our lunchroom table.

  • Bubbaonthebeach@lemmy.caEnglish
    0·
    3 months ago

    Tesla stock is way, way overvalued. If it were based completely on the company and its product, it would be 1/5 or 1/6 of its current market value. That hyped-up value was based on Musk being a benevolent leader into a progressive future of electric vehicles, continentally available charging, shared infrastructure, getting off fossil fuels, solar and alternative energy sources, etc, etc. However now that he has shown that he is actually a regressive, do anything for a buck to be the first trillionaire even if he kills the USA in the process, a**hole, why would Tesla stock stay overvalued? Especially as every new line of Teslas has more problems, with the latest cybertruck being fully recalled? Anyone not bailing now is likely to lose most of their value the longer they wait. The MAGAs that Musk now appeals to are never going to buy an EV and his former supporters that he stabbed in the back will go on to other EV providers.

  • topperharlie@lemmy.world
    0·
    3 months ago

    so this bad use of oxygen psychopath has the nerve to ask his employees, who always exploits, and have a high chance of losing their job soon, to keep the investment on the swasticar so they have double the risk: their salary and their investment.

    And all for personal gain… why I’m not surprised? and why is he still wasting precious oxygen?

    • LeninOnAPrayer@lemm.eeEnglish
      0·
      3 months ago

      It surprises me that people that get stock rewards in their company don’t instantly sell them. Yes, you pay more in taxes because of capital gains, but you can avoid that by waiting a year to sell if you really want to.

      I work for a tech company that offers ESPPs and gives stocks as bonuses. I sell those instantly and just take the guaranteed profit and turn them into index funds. There is just no way in hell I’m linking my employment AND my stock portfolio to a single company.

      COULD I potentially make more by waiting? Sure, but that is not a risk I ever want to take. I’m not gonna be holding my companies stock and have it tank in value AND lose my job at the same time.

      Invest in stocks or index funds that are unrelated to your field of work. That’s my advice anyway. You should never have all your money sitting in a single companies stock anyway.

  • Kalysta@lemm.ee
    0·
    3 months ago

    So he can sell his and cash out first?

    Nah. Tesla’s dead. Now we need to kill spacex

  • Lit@lemmy.world
    0·
    3 months ago

    Sell your stock. Make the bank cash out elon stock so that he pay taxes on his loan collaterals

    • Fredselfish@lemmy.world
      0·
      3 months ago

      I saw a cybertruck today. Fucker had a new tag on it. Fucker just bought it. I yelled and czlled hiim a fucking nazi. No way you buy any Telsa without knowing who you support.

      • quack@lemmy.zip
        0·
        3 months ago

        The cars I can generally excuse. Most people bought them before the true craziness of Musk was known and I’m not going to expect anyone to buy a new car because of the politics of the CEO, that’s crazy.

        Cybertrucks though? Nah, fuck you if you bought of of those low poly-ass shitboxes. You knew what he was when you placed that order.

  • Phoenicianpirate@lemm.eeEnglish
    0·
    3 months ago

    If I had Tesla stock my terms would be that Elon Musk literally has to kiss my bare ass for me not to sell my stock. Then if he does it, I sell anyway!

    • subarctictundra@lemmy.world
      0·
      3 months ago

      Would it make sense to have bought it in the past just for leverage now? (not asking about 1 stock but if a ton of ppl did)

      • tehfishman@lemmy.world
        0·
        3 months ago

        The traditional “leverage” is just the standard CEO - stockholder relationship. The CEO manages the company well and the stockholders reward the CEO with payment and/or by making the stock price go up by buying more and/or not selling. IMO that basic relationship broke down a while ago, but the stock market has been unhinged for so long that it seemed to not matter.