this post was submitted on 28 Feb 2025
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Summary

Tesla investors, frustrated by the stock’s decline, are demanding accountability from Elon Musk, who recently illegally demanded federal employees justify their paychecks.

Shareholders took to Musk’s social media platform X, asking him to similar list his contributions to Tesla.

The stock has fallen for six straight sessions, underperforming the Nasdaq.

Meanwhile, Musk faced backlash for overstepping in government affairs, forcing Trump to smooth tensions.

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[–] [email protected] 10 points 10 hours ago

How will Elon's human meat shield react when he finds out that Daddy used him as... well, a human shield?

[–] [email protected] 25 points 15 hours ago (2 children)

It's been obvious the last couple months, he no longer cares about Tesla or X... He's on the government's teat now...

[–] [email protected] 7 points 2 hours ago

He has never not been on the government teat. He has the government to thank for tesla's success.

[–] [email protected] 5 points 11 hours ago

Yeah just about the only thing that might get a reaction out of him is a SpaceX walkout, but from his family history I think subterfuge of democracy has always been more important to them than just the money.

[–] __nobodynowhere 7 points 14 hours ago
[–] [email protected] 39 points 23 hours ago (1 children)

Part of me hopes they name a different CEO just because of the massive hit to his ego that would be. But then I remember that would mean the company would be run by someone likely not putting 6lb of K up his nose daily, which would make Elmo even more obscenely wealthy and free up more of his time for destroying our fucking government.

[–] [email protected] 3 points 2 hours ago (1 children)

I'm pretty sure Elmos actual goal is to be the first trillionaire and he's willing to burn the world down to do it. That he's able to advance a white nationalist agenda while doing it is icing on the cake.

[–] [email protected] 1 points 1 hour ago

Don't you mean second, Putin is the unconfirmed 1st trillionare

[–] [email protected] 116 points 1 day ago (3 children)

Then the board should fire their fascist CEO..

But they can't because he replaced them with loyalists..

So they sell their shares and the stock tumbles more..

So the remaining investors get angrier..

It continues..

And then it ends owned wholly by Vanguard/BlackRock/etc

[–] [email protected] 6 points 14 hours ago

Fire, then sue. They should sue him for all losses in sales and stock losses tied to his bullshit. Many could argue he's caused 1T in losses.

[–] [email protected] 10 points 23 hours ago

Same thing they’re doing to the country. Take parts out of the government so that it doesn’t work as well, blame government, take more parts out of it so it tumbles more, etc.

That’s all these clowns know how to do. “Cut to profitability, who gives a shit how it affects employees and customers” except government isn’t supposed to be profitable and the (non-wealthy) citizens of an entire nation get fucked.

[–] [email protected] 14 points 1 day ago (1 children)

no no no. He's the largest shareholder. Make him stay at Tesla until the stock is worth like other car companies.

[–] [email protected] 16 points 1 day ago* (last edited 1 day ago)

Make him stay there until his stock is like my bank balance.

He doesn’t deserve profit.

[–] [email protected] 109 points 1 day ago (3 children)

Be a Nazi, no one cares.

Lower sales impacting stock price? How fucking dare you!

[–] [email protected] 6 points 14 hours ago

The Capitalist Class doesn't care about systematic issues nor the rise of fascism. The Capitalist Class only cares that the line goes up.

[–] [email protected] 33 points 1 day ago

Listen, the best hope for things to get better here is if the economy tanks. Which it will. And is.

[–] earphone843 2 points 15 hours ago

I mean, the two things are related.

[–] [email protected] 135 points 1 day ago (2 children)

Lie with dogs and you'll wake up with fleas.

[–] [email protected] 1 points 1 hour ago

More like mange

[–] [email protected] 51 points 1 day ago

What if you are the blood sucking flea?

Asking for a musk.

[–] [email protected] 35 points 1 day ago (1 children)

They did have the chance to remove him, sometimes betting on the market doesn’t pan out

[–] AlecSadler 4 points 12 hours ago

Yeah and instead they gave him something like a $50B payday.

[–] [email protected] 33 points 1 day ago

Ya Elon is getting his money just like the GOP now. He's not worried about what you think

[–] ryedaft 90 points 1 day ago (8 children)

Still 40% up over the last year. But Tesla has never paid dividends. Why they investing in a supposedly profitable company, one where the market cap is too big for anyone to buy them out, when it doesn't pay dividends?

[–] [email protected] 77 points 1 day ago (4 children)

There is some kind of shady deal going on, I bet. 0 reason why Tesla is worth more than like the next 12 biggest auto makers combined. The argument previously is that they're a tech company with FSD, but that has become increasingly untrue as the years, missed targets, failed upgrades, and lack of implementation continue to pile up. Add-on Cyber Truck failures and Musk basically abandoning Tesla to play Govt Undertaker, and the company itself looks worse positioned than at any point in time.

[–] [email protected] 2 points 3 hours ago

Tee investor class has pretty much all of the money now, so the goal isn't to make a product that makes a company revenue anymore. The goal is to convince investors that other investors will put money into a company. Tesla is very successful at promoting itself as a company that's going to come out with some nebulous product that will be a game changer. They don't need to actually do this, or even be able to convince people they will do this. They only need to convince investors they've successfully convinced the Greater Fool that Tesla is going to do something big someday.

[–] Plebcouncilman 34 points 1 day ago (4 children)

I’ve been trading TSLA stock for a few years now, and Elon has been manipulating the stock price using his celebrity status for just as long. I remember that at one point the SEC was gonna press charges but instead they came to a compromise in which Elon would not tweet anything about TSLA without first submitting the tweet for SEC approval.

The other thing is that TSLA is majority owned by retail investors, who generally speaking buy based on vibes and hype rather than sound fundamental analysis. The price is not logical and most analyst have said so for ages now. The company had like one or two real good years, anything before that and after that has been a nonstop hemorrhage of cash. But in my analysis the reason TSLA stock can no longer sustain this price is that their strategic advantage has been almost entirely eroded. Self driving cars? China beat them to the punch. Robotaxis? Awfully behind, they are going to be entering a crowded market by the time their tech is ready. Robots? Same as above, I mean Boston Dynamics has been doing this for two decades now. Cars? Every automaker makes an EV at this point and quite a few of them are actually nicer than Tesla even if they don’t have all the gimmicks.

TSLA is for electric vehicles what IBM was for computers.

[–] [email protected] 1 points 1 hour ago

Every automaker makes an EV at this point and quite a few of them are actually nicer than Tesla even if they don’t have all the gimmicks.

Quite a few of them are nicer than Tesla because they don't have all the gimmicks.

I wouldn't buy a Tesla for many, many reasons, but their gimmicky nature is up there. Leon seems like he's obsessed with reinventing the square wheel.

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[–] [email protected] 17 points 1 day ago (4 children)

IMO its currently propped up by two effects. Musk going hard right making investors think Republicans will buy Teslas to support Trump. I also think they believe that Musk being in the government will get Trump to hand Telsa some sweet government money.

It's turning out that Republicans won't buy Teslas even if Musk is full Nazi. Plus, Tesla has lost the entire rest of the world market by going full Trump.

[–] [email protected] 2 points 1 hour ago

Musk pretty much abandoned tesla when he bought twitter

[–] AlecSadler 1 points 12 hours ago

No Republican I somewhat know can even afford a Tesla.

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[–] [email protected] 12 points 1 day ago (1 children)

0 reason why Tesla is worth more than like the next 12 biggest auto makers combined.

Market cap isn't the same as market share, the reason their market cap is so high is because people are bad at investing and can be easily manipulated by a con man.

[–] [email protected] 9 points 1 day ago (4 children)

We're saying the same thing, just one more eloquently than the other (you than me lol).

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[–] [email protected] 26 points 1 day ago

Musk is going to sue investors for selling stock calling it a "conspiracy against him".

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

I can’t wait until “some 100-character impulse rant on Twitter” isn’t news anymore, nor seen by millions.

Like, if Twitter were to get destroyed tomorrow, the world would be such a better place.

[–] [email protected] 1 points 1 hour ago* (last edited 1 hour ago)

Come to think of it, Twitter is almost a necessary tool for speculative investing and the undeserved growth of the current stock market (which at this point is mostly based upon idle index fund investments, and retail investors following hype cycles). It's essentially a stock market manipulation tool for politicians and CEOs that allows them to skip the press releases and hype up their stocks instantly and directly.

[–] [email protected] 38 points 1 day ago (11 children)

Listened to an interesting podcast last night about how vulnerable Tesla is to protester action. None of Elon's other companies are profitable, they're all hype bubbles, Tesla is the only company that actually makes money... but its models are getting old and the swastitruck was a flop and its fired all its talent in favor of loyalty to the company.

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

Not only that but once they popularized EVs and more stubborn, established companies started to actually develop them they also lost a huge amount of market share. Every year there is less and less of a reason to buy one and there are several huge deal-breakers as well. It’s not a good position to be in.

Sucks to suck.

[–] [email protected] 19 points 1 day ago (1 children)

Yup, the episode goes into this too. They had a huge opportunity as the biggest early entry into the market, but instead of focusing on producing a cheap mass production model they became a hype company that over promised and under delivered. Now the only hope is if the government bails them out (and it probably will)

[–] [email protected] 15 points 1 day ago (1 children)

if the government bails them out (and it probably will)

Given that Musk is now the king of conflicts of interest, who can eliminate whole government departments and replace them with contracts for his own companies, this seems very likely.

[–] [email protected] 1 points 1 hour ago* (last edited 1 hour ago)

Who is going to drive the things when the entire federal government gets their pink slips? Will they just fill the federal parking lots in DC with fleets of unused white sedans?

Man the North Koreafication of America will be fucking weird to watch.

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[–] [email protected] 30 points 1 day ago

I was hoping there was as a real movement against Musk. Instead, we got a whole article about one snarky post on X.

[–] [email protected] 13 points 1 day ago

demanding accountability from Elon Musk

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