Comment on Tesla loses $68 billion in value after Elon Musk says he is launching a political party
neukenindekeuken@sh.itjust.works 4 weeks agoWon’t happen. His board are all sycophants.
Comment on Tesla loses $68 billion in value after Elon Musk says he is launching a political party
neukenindekeuken@sh.itjust.works 4 weeks agoWon’t happen. His board are all sycophants.
Archangel1313@lemmy.ca 4 weeks ago
Then Tesla’s investors should organize a class action suit against the board, for acting against their best interests.
MotoAsh@lemmy.world 4 weeks ago
Nope, they already approved a massive payday to Musk specifically. Please explain to me how rewarding ANYONE millions or billions of dollars is EVER a financially smart move. Yet they didn’t get in trouble for it.
What you need to learn is that rhis country is ALREADY bought and paid for by the rich.
Archangel1313@lemmy.ca 4 weeks ago
And yet, he’s costing the rich a ton of money by tanking the value of his stock. That should take precedence over whatever “the board” decided to give him. The investors are the priority in a capitalist system…not the board. The board’s job is to maximize investor returns. That’s all.
MotoAsh@lemmy.world 4 weeks ago
I agree that _should_be the case, but the US “justice” system and rich fucking morons in general have made it VERY clear they’re not interested in making logical decisions.