Democracy and the power of people don’t seem to do much to oligarchs
But money and wealth and the ability to win or lose great fortune is the only thing that brings them down.
Comment on Tesla suffers worst quarter since 2022 as deliveries tumble
NameTaken@lemmy.world 3 weeks ago
Hopefully this will cause the board to finally act and get Elon to step down as CEO.
ininewcrow@lemmy.ca 3 weeks ago
someguy3@lemmy.world 3 weeks ago
Even if he does he owns so much stock people won’t want to buy Teslas.
athairmor@lemmy.world 3 weeks ago
The only thing keeping TSLA’s stock price so high is the perception that it’s a tech company. They’d have to replace Elon with another tech CEO that can spew bullshit about tech advances being right around the corner. That probably will not save it as a car company.
I’d rather see the company fail before Elon and other majority share holders can cash out.