this post was submitted on 14 May 2024
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Tesla now spends ad money to influence shareholders approval of Elon Musk's $55B payday (electrek.co)
submitted 3 months ago by [email protected] to c/[email protected]
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[–] [email protected] 38 points 3 months ago (2 children)

They just laid off 10% of their workforce (14k jobs) and slashed almost all new job postings to cut costs but they're spending money on Twitter ads?

[–] [email protected] 25 points 3 months ago (1 children)

...to justify giving $55B to Musk. Not even advertising their products or services. Just to satisfy Musk.

[–] [email protected] 4 points 3 months ago

$55bn, which is more money than Tesla has ever made in its entire existence.

[–] [email protected] 14 points 3 months ago

I mean who currently owns Twitter? It's just another way for him to siphon money out of that company and it can't get worse for him anyways.

It's a shit move and the board that allows this are beyond saving but for Elmo and Elmo alone it makes sense.