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submitted 3 weeks ago by jeffw@lemmy.world to c/news@lemmy.world
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[-] baldingpudenda@lemmy.world 179 points 3 weeks ago

If he left, the stock would bounce up 20%. Put an engineer at the head and start producing decent model 3, Y. Work on reaching 25k MSRP. I'm sure there's bottlenecks and inefficiencies that could get them there.

[-] machinin@lemmy.world 59 points 3 weeks ago

Tesla stock is worth more than most other car companies combined. Musk's genius is knowing how to pump stock. The company would do much better without Musk, but the stock would tank. No one else is willing to lie, cheat and sacrifice safety like Musk to keep the stock high.

[-] activ8r@sh.itjust.works 25 points 3 weeks ago

I can certainly see that argument, but I'd counter that eventually the Musk bubble will pop and that day is coming like a freight train. Better to ditch him now while they can than suffer the cost of keeping him.

[-] machinin@lemmy.world 8 points 3 weeks ago

I agree, the stock will tank eventually. I just think it would be immediate if Musk left.

[-] Serinus@lemmy.world 5 points 3 weeks ago

Better than spending 56b to put it off temporarily.

[-] ProgrammingSocks@pawb.social 7 points 3 weeks ago

Shareholders don't actually care about long term viability as long as they can sell before everything goes to shit.

[-] frezik@midwest.social 6 points 3 weeks ago

Tesla is in the sp500. Investors in that area tend to want long term results. It's sold on the basis that you stick your money there and ride it for the next 20-30 years.

[-] prole@sh.itjust.works 2 points 3 weeks ago

genius

Yeah I don't care how good you are at "pumping up a stock." That's not genius.

Cunning? Sure. Savvy? Ok. Clever? Eh fine.

Genius? Lol fuck off

[-] vaultdweller013@sh.itjust.works 21 points 3 weeks ago

They could also abandon the cybertruck and focus on building cheap easy to repair shit boxes. Theyd corner the market by simply being affordable. Especially if they abandoned the BS futurism crap.

this post was submitted on 07 Jun 2024
544 points (97.4% liked)

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