Still means fuck all as long as he holds his Tesla shares. All you’re doing is making him more money by making the shares go up again.
Drive the stock into the forking ground.
still never buying one. There are much better EVs on the market that cost less and look nicer. The tesla has always looked silly. Like what a teenage boy would think is “cyber punk”.
I wouldn’t be surprised if DOGE nationalizes Tesla and puts it under Musk’s command. Gotta have Cyber Tanks for the regime, right?
“Please put down your weapon. You now have 15 seconds to comply.”
Robocop’s corporate dystopian nightmare is closer and closer to reality.
It’s been here. RoboCop was satirizing all that same crap that was happening back then, as well.
The American consumer is a fucking idiot, this has a high chance of success as people forget about Elon and go back to buying them.
I mean, in fairness, do we have any qualms with the rest of the company? Elon was directly responsible for pretty much all of the cyber truck decisions. But the regular Tesla’s, aside from Elon prohibiting lidar and making false claims about self driving, are pretty decent. Without him, lidar might get implemented, the cyber truck will probably be scrapped, and real engineers will have their voices heard again.
Isn’t that kind of what we want from a company? To realize their errors and remove the cancerous parts?
They’re overvalued in the triple multiples compared to other American car companies because they’re a meme stock and halfway ran on government subsidies we paid for rather than putting it into education or social causes.
A step in the right direction isn’t good enough when there’s miles to tread.
A step in the right direction isn’t good enough when there’s miles to tread.
So all or nothing? Then you’ll get nothing.
Good, fuck em. There’s no negotiation here. I don’t care if the entire company goes under. What great service is Tesla providing? Not enough mobile beta-testers riding bombs down the rosd? They do nothing for the people supporting them.
I guess a new company will have to rise up so entitled Californians can be tricked by marketing into thinking they’re saving the planet when the batteries were mined by gas-powered machines using the same poor brown folk they feel sorry for on Bluesky.
Cry a river.
At this point, it would be tempting to have all their employees quit and start their own EV company, or join another one. It’s not like the people vanish when a company folds.
This is the reason Tesla love H1B visas.
No one’s going to fund a new company though. The old car companies have finally moved to EVs and will quash newcomers. Funders know this.
Telo is getting funded.
Aptera is doing another round of funding (for like the 7th time)
Slate immediately got funded by Bezos.
I think the market is pretty clear. People want cheaper, smaller, and more “every day” EVs, rather than the insanity 1.2 second 0-60 dystopian-proof luxury crossovers/trucks.
The first company to make that happen in their niche is going to make bank.
I’m pretty sure he means that there’s no point in trying to please you because you’ll always set a goalpost that can’t be reached, so there’s no point in really considering your opinion.
Maybe lemmy isn’t for you.
Corporate apologists belong on Reddit with the rest of the fascists.
Yeah, why post on lemmy? Is there no path to redemption for Reddit? 😂
Are you assuming Elon would no longer own stock or have other ways he’d continue to profit from Tesla?
We do, as he’s the biggest shareholder 🙃
Why do you want a redemption arc for this overvalued company so bad? You holding a bag?
not OP, I wouldn’t mind a redemption arc, they were pretty f’ing cool before he got there.
Everything that was on the market before tesla was a facimilie of a thousand other cars before it. They did something (for better or worse) different. Learning what not to do has power in itself.
After they took the leap, all of a sudden a lot of other companies started throwing out prototypes. I don’t think the Volt I drive today would have happened if they didn’t go there first.
Of course things got a lot worse as Elon butted in further and they started pushing QC out and cybertruck BS in.
I think they’re likely irredeemable, but I’d like to see another company follow in their footsteps and keep pushing the tech further, not in a garbage dumpster direction, but in a simpler and more effective direction.
Everything that was on the market before tesla was a facimilie of a thousand other cars before it.
Dude, every one of their generic sedan looking business fleet cars look so bleh that they make a mid-90s Dodge Neon look like mind-blowing body design.
The only thing they’ve produced in the last ten years that’s even markedly different from the competition is the cybertruck, and that’s only different in a bad way.
The “innovations” they brought to market are almost all shit I would never need nor want save the EV part of it. I cannot imagine ever wanting to drive a thing in which much of the control and all of the gauges are on a permanently mounted, great value iPad.
They are saying the resale value on these things is going through the floor, and honestly that’s good because that’s what they are worth.
Not talking about the body shape I could give a s*** less about that, matter of fact as places bring out different body shapes it kind of irrationally pisses me off. I’m talking about the design of the suspension and what they did with 360 camera coverage, how they handled the dual motors, The headlight emitters are actually multiple LED arrays and they can spell out shit in the headlights if they want to. All that crap was new and different. The only thing They really introduced that everyone else followed on and I hate is putting every blessed thing on a touch screen in the middle of the car.
I didn’t know the headlight thing was one of their innovations. Yet another thing I can blame them for because driving in front of one of them at night is like a mild form of torture.
I honestly don’t want innovation at all in my car personally. If Honda could make another edition of the electric Fit I would buy it immediately and drive it until it collapsed into dust.
another edition of the electric Fit
Chevy’s Bolt isn’t too over the top
If you really want to get back to basics, this looks promising
https://www.theverge.com/electric-cars/655527/slate-electric-truck-price-paint-radio-bezos
do we have any qualms with the rest of the company
Let’s say they can him. Let’s say he is somehow compelled to sell off stock until he’s a minitority shareholder. His ego would not let that go. To say he’s still filthy fucking rich would do a disservice to filth. You can’t separate him from this mess. He’d just come back.
If he just disappeared tomorrow, no chance of repurchasing it, just maybe but we need to see:
- Unions everywhere
- OSHA up their ass
- Put some fucking LiDAR on the cars
- Reinvent quality control
- Reinvent a safety program so that people can’t burn to death locked in their car.
- Fully support individual resale.
- Fully support 3rd party service centers.
- Every car is modified until it gets at least a three-star crash rating
- All features are purchased with the car, if your seat has a heater, you can use it for free.
- One feature is “we don’t sell” or “store your data in a way that can identify you”
- Car updates are transparent and unless a true safety hazard, optional.
- No more of this screwing around with odometers to speed past warranty availability and everyone gets 30k more miles and another year because they were assholes.
Calling a company, which actively vendor-locks pretty much the whole car using their propiatery software while having the worst warranty ever, pretty decent is beyond me.
Especially a company belonging to the car lobby.
To be fair, I think people get blinded by the fact that Elon is a massive twat, and miss all the other little bits.
I think you’re probably giving a potential new CEO too much credit. You really think that Elon will just relinquish control over his company and let the CEO do whatever? Not a chance.
It’s the board of directors that has that control.
His company? You say that like Elon owns Tesla. He doesn’t even have a controlling share.
Tesla was garbage before Elon came out as a Nazi. The quality control is non existent and has been.
Yes, and that’s another reason the company is failing, and I won’t buy a car from them. But, that’s not the point here, the point is Musk’s stupid antics are having major consequences for him. The only value he’s had for the company for years is as a mascot. The company succeeded so far as it has in spite of Musk, not because of him. Same for SpaceX.
It’s literally the opposite. The company has only done well in the past because of his antics. Tesla currently has a price per earning ratio of 155. It’s only even this low because now people realize he’s a Nazi. In the past, I’ve seen their price per earning ratio go as high as 350. If you know anything about stock fundamentals, you’d know that a normal ratio is around 20-30. Anything under would be a must buy stock and anything over would be a must sell, generally but not always.
But not Telsa. This isn’t the first quarter sales have been down for Telsa. In the past when it happened, Elon would just do something stupid like launch a car into space, make a small flame thrower, or do some stupid meme shit and the price would still go up, despite a bad earnings call.
Since the first non roadster Telsa, they have been making shit quality cars and selling features as a subscription. If it wasn’t for captain dipshit doing stupid stuff and fooling people into thinking he’s smart, that company would have failed. Or he would have sold his portion back to the original owners and they company might have produced quality cars like the Roadster.
Not true. The company did well because of well meaning people who wanted to move away from gas cars. There was literally a documentary “who killed the electric car” before Tesla. It showcased a well loved electric car that was only allowed to be leased and when the lease was up, no one was allowed to buy them. They destroyed them all.
Tesla got to where it is not because of Musk, but because it was a way to rise against the legacy manufacturers forcing us to stay on gas cars.
Musk stirred up some major stupidity, and did not care for quality control when it came to things like panel alignment, but the fact was that was the only option out there. They also added cool things like your phone being a key, or the key card. Lots of little quality of life improvements were brought in. Also I think they had to make a special gel and position for the batteries to not cause fires from a single battery failure. Lots of important (yet likely relatively simple) improvements that all the other manufacturers refused to do. Best we had was a Prius, and other cars that were for some reason made to look ugly and still needed gas anyways.
But they have stagnated. Musk has done all his tricks and they stopped improving. Literally letting the competitors make better batteries soon, which would kill them entirely if solid state batteries come about. I don’t know that Tesla can or needs to come back to the forefront, but without them we probably still would not have electric cars.
Look man I get it, you bought a Tesla and/or hold Tesla stock. But Tesla’s value is only explainable as a meme stock, and Musk is the only one keeping it in that category.
It wouldn’t shock me at all if the stock finally fell through the floor if they ousted Musk.
The board and the shareholders agree about this btw, they just gave Musk an unbelievably large pay package last June.
Oh sorry I wasn’t trying to say that shouldn’t happen. The cars should be worth a bit less than they sell for, and the stock should be worth maybe 1/10th of it’s current value… Or less. I don’t care about that.
We still needed SOMETHING to get us out of the rut from legacy manufacturers. Now if they get rid of Elon then hopefully the engineers who helped pioneer the current EVs can get back to moving things forward. Or maybe they work for Rivian or others already.
He will still have a shitload of shares. I don’t need to get into the nitty-gritty detail of whether I hate the company or its products; his stock in it is what allowed him to buy the election for Trump, so fuck Tesla.
But did Tesla facilitate that or was Tesla worn like a puppet by an investor(Elon). There’s a distinct difference and what I’m asking. Do we blame every company that gets gutted by Venture Capitalists? Do they have no path to redemption?
The BOD was quite insistent on giving Musk a $56 billion bonus.
But did Tesla facilitate that
Its shareholders sure did.
https://www.cbsnews.com/amp/news/elon-musk-pay-package-vote-cbs-news-explains/
It’s bizarre that you’re even entertaining this as an idea.
Unless Musk loses all of his shares, not sold, and not only some, all of them - Tesla is complicit in providing power to Elon Musk.
No they do not have a path to redemption as long as it is literally the reason he was able to buy (and manipulate for his own gains) Twitter.
I understand completely why you’d want Elon to fail, but why would you want Tesla to fali?
Because they’re not magically taking away his stock shares. If Tesla succeeds so does Musk, no matter what position he holds. Nothing changes when oligarchs who will happily take food out of children’s mouths to enrich themselves and send US citizen children with Cancer away never suffer any consequences.
And that’s BEFORE we talk about the fact that Tesla cars suck ass now compared to similar segments from competitors. They’re a net negative in the industry and in their influence on humanity. EVs are going to continue to take up more market share worldwide without them.
Endless government subsidies inflating the stock astronomically above any other normal car company, as paid for with American tax dollars.
As a company, horrible QC and manufacturing standards compared to even the worst of their peers, and the insistance on self-driving tech that doesn’t even need to exist for their vehicles to function.
Tesla is a shitcoin turned into a company.
Doesn’t matter you goons could literally fund srs operations globally and everyone will still think you’re Nazis
So Elon won’t be to blame when it’s worth less than, say, Ford?
They’re going to bring Richard Bruhn back from the dead for it.
Musk, with his DOGE, has even abolished the federal department responsible for ensuring that all cars coming to market follow compliant minimum safety regulations. Purely intentional so Musk can market his cars without any oversight. Safe or not. And dare you complain about that: Musk has an army of lawyers who will immediately take any negative publicity or negative comments from users to court. Need proof? https://apnews.com/article/tesla-china-musk-investigation-takeaways-422af6d3c6e7cc88173d12891e8c0a9a
Please hire the people Musk stole Tesla from
Do they really think this will be “the golden move” to save Tesla? It’s still Musk’s company. The brand is toxic forever.
Elon needs to be removed from the board and all his stock returned to the company. Only then can they start looking at cleaning up their brand.
Should probably even rebrand at that point
Yeah no shit, get Nikola’s name off that shit. Call it Edison Motors or something :)
naw, they’ll rename it T and buy out T.com
“Alright let’s go, everyone in the T-mobile!”
They’ll name it Xcars and the only way to buy them is through twitter dming grok.
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Agreed, anything other than this seems like they’re just pushing him to the background
his whole board needs to be replaced, that is not handpicked by musk.
If he isn’t forced to leave the board and divest all stock, Tesla is still dead.
Hell, even then…
Let it be very, very clear that the board had no problem with Musk’s sieg heils. They only care because they’ve lost a massive chunk of their stock value. Don’t support nazis. Don’t support Tesla even if Musk has been completely removed.
I’ve been expecting this, and it isn’t the only thing coming.
Before the recent earnings call, which was far worse than we even expected, we hadn’t heard much from him over the previous few weeks. He knew that terrible call was coming, and had been laying low, probably hoping things would improve some before making what he knew would be a disastrous earnings call. It was the equivalent of watching your diet 3 days before a doctor’s appointment, hoping your weight gain and cholesterol increase won’t be as bad as you know it is.
Also, it was a safe bet that his board of directors was livid, and that he had been ordered by his board to get back to work, or be removed as CEO of Tesla, and now it looks like they are moving toward with firing him. So why that decision?
The probable reason is that now that the earnings call confirmed what everyone suspected, there is almost certainly a shareholder class-action suit brewing over his reckless and irresponsible behavior over the last several months, which has directly caused severe, and probably irreparable damage to the company’s brand image AND it’s sales around the world, as well as tanking the stock price, an unforgiveable sin in the investing world. Now that the bubble has popped, it will never inflate again. As future earnings reports are released, and sales continue to slide, the stock will continue to decline, and the cycle will continue until bankruptcy. And it is all traceable to Skum’s self-indulgent, egotistical behavior.
The only question is will Skum be the only defendant, or will the lawsuit also name the individual members of the board, for not reigning him in, or firing him. They don’t want to be sued alongside him, so they are forcing him to get back to work saving Tesla, or even getting rid of him altogether, thus letting them off the hook for legal liability.
Its doubtful Skum, or anyone else, will be able to save Tesla at this point, its almost certainly too late. It is also probably too late to avoid a shareholder lawsuit. Investors have lost millions of dollars, not due to the vagaries of the market, but due to Skum’s outrageous behavior, like throwing up celebratory Nazi salutes on national TV, which, as CEO, he should have realized would damage his company and its investors significantly.
And arguing that he didn’t recognize the danger in advance is no excuse at all for a CEO, who should have been able to predict the response to his self-indulgent ego bender.
Shareholders have lost many millions, and they won’t just let that go with an “Oh well.” He’s likely going to get sued, and the board is just making sure they don’t go down with him.
Yeah, except he and his brother own majority shares in Tesla and pretty much hand-picked the board. I bet this is nothing but performative; they get a new ‘face’ for the company while he still runs Tesla from the background, Wizard of Oz style.
As of February 28, 2025, Elon Musk owns approximately 12.8% of Tesla
He never ran tesla, he profits from it
Oh, he runs it. Just not well. He sucks at real CEO work like he sucks at everything else in his life.
I would have thought he just invested in companies and never really ran them. Then I saw the CyberTruck and I was like: “oh yeah, that’s definitely him”. I mean also Twitter is a shitshow and that’s obviously Musk too.
He was ousted as CEO once, and he’s put in preventative measures in every company since.
If they’re replacing him, it’s with his blessing specifically to try and prevent losses. And you can bet your ass that he’ll be a “special employee/consultant” that has the power to veto the new CEO.
I’ll do it. Here’s my CV. As you can see, compared to the current CEO it’s vastly better:
- can beat a tutorial boss. In fact, has beaten many final bosses
- has never done a nazi salute
- is loved by partner and child
To top it off, I’ll do it for the low low price of 200k/year
Dealbreaker round: do you regularly take ketamine?
To quote my mother “You’re such a… sensible… person”
I vote for this guy to run Tesla, and governement.
I, for one, welcome our new overlordoflocksley
“A Robin Hood CEO?!”
“And why not? It worked in Men in Tights…”
Don’t sell yourself short with those qualifications you deserve atleast a mil
LOL was just shitting on him having no friends, damn this guy literally goes to bed fucking knowing nobody likes him
Anybody else I’d hope their self-defense mechanisms (“Biden’s the reason people hate me” “I’m huge in
Japansomewhere” “no friends but that caviar was great today”) would kick in, but sorry no sympathies extended to those who sent their “heart” out to us
I cannot coherently express how much I hope he gets margin called on all of the leveraged assets he has that are underwritten by his TSLA shares
Elon losing his job is just fucking priceless. ❤❤❤
Why do I feel like they are just pumping the stock up? What is to stop them from changing their mind and selling the moment they say “Just kidding!” . Rinse and repeat. Might as well since market manipulation is not illegal anymore if you are in the three comma club.
