As we reported last week, the “unsupervised” Robotaxis spotted on January 22 were all being followed by trailing Tesla vehicles with safety monitors inside.
Genius. Musk invented a taxi service that needs 2 cars and 2 drivers per ride.
I can’t wait for Musks dominoes to fall. Once Tesla investors realize their investment is worthless all his other companies he has cross leveraged everything with will all list start collapsing and the whole thing comes down.
That would be devastating to the markets, and it hasn’t even address the AI bubble which is going to pop and the biggest economic downfall and depression in American history begins.
Tough times ahead no matter what, but the sooner Trump is gone they can start rebuilding.
Next he will sell diagnostic machine that only needs one drop of blood.
Herr Musk is a lying nazi, and anyone holding Tesla is a fool and will get what they deserve
Anyone else feel like Tesla is actually how Elon is being paid for being the one to make twitter fascist and the DOGE bs? Like the majority of shareholders don’t actually gaf how the company does and the billion dollar compensation package had nothing to do with Tesla other than it being the vehicle through which the payment was made?
My pet theory is that Musk was installed at Tesla by the Saudis (who apparently have a bit of money) to destroy the very idea of electric cars by putting out as bad and overpriced a product as possible. Despite his best efforts, people still want the goddamn things.
I don’t see how. This is just a continuation of what he was already doing, facilitated by a board of his friends and relatives.
Even worse I have to say I’m not totally against it. All too often ceos get excessive pay regardless of their results. While I haven’t looked in detail not at the history, the claim is these are only for Tesla meeting some extremely ambitious milestones and the payment is stock. Certainly his previous ridiculous allay was in stock and Tesla had some extraordinary growth. If the stock doesn’t go up, then he should never receive that wealth
If it’s truly contingent on the company growth and the board doesn’t throw him a life preserver, that’s not entirely bad. Excessive yes. Extremely excessive. Excessively excessive. But more execs need to have their wealth gated on actual results
The thing that makes it more suspect IMO is that shareholders voted for it, not just the board. Courts specifically said they didn’t need to but shareholders (dominated by large account holders) still voted for it.
