Comment on China Is Banning Tesla-Style Retractable Door Handles Over Safety Concerns

• UnderpantsWeevil@lemmy.world ⁨15⁩ ⁨hours⁩ ago

  I mean, “stealing” is a strong word. Elon bought them out, and they’re both enjoying a net worth in the hundreds of million.

  What’s more disturbing about Elon’s tenure as head of the company is how social media manipulation, insider trading, and blatant SEC violations can pump a company’s valuation into the stratosphere.

  Marc Tarpenning and Martin Eberhard both continued to contribute advances in engineering that far exceeded the Tesla project. But they’ll never have the kind of easy credit Elon secured through politics and media manipulation.

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  • DaddleDew@lemmy.world ⁨12⁩ ⁨hours⁩ ago

    “Bought them out” is a weak word too though. He placed loyal people on the board and had them vote to give him control of the company.

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    • UnderpantsWeevil@lemmy.world ⁨12⁩ ⁨hours⁩ ago

      He placed loyal people on the board and had them vote to give him control of the company.

      He could place loyalists on the board because he bought a controlling interest in the company.

      And now he has been having them vote to give him absurd unseen before “salaries”

      The latest compensation package has virtually unattainable sales targets. And the compensation is almost entirely in equity that assumes a monumental increase in stock valuation.

      If he can manage it, I’d be tempted to say he earned it, except I know he’ll only “hit” the target by lying and market manipulation that will collapse as soon as he hits his mark.

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  • Earthman_Jim@lemmy.zip ⁨14⁩ ⁨hours⁩ ago

    With any luck Elon with be in jail in a few years when Democrats try to prove we shouldn’t abandon this socio-political system entirely.

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    • Passerby6497@lemmy.world ⁨11⁩ ⁨hours⁩ ago

      That would require a backbone not seen in democrats in generations. I’d bet money on him being a free man and never seeing the inside of a cell.

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      • Earthman_Jim@lemmy.zip ⁨11⁩ ⁨hours⁩ ago

        There’s’a always another’a way’a. Let’sa gooo!

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    • Arcane2077@sh.itjust.works ⁨13⁩ ⁨hours⁩ ago

      That will never, ever, ever happen. Dems love an oligarch just as much, if not more, than republicans. China is the only country that prosecutes wealthy criminals.

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      • ExcessShiv@lemmy.dbzer0.com ⁨13⁩ ⁨hours⁩ ago

        China is the only country that prosecutes wealthy criminals.

        Unfortunately they also lockup anyone they just kind of don’t like for any arbitrary reason.

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      • Earthman_Jim@lemmy.zip ⁨13⁩ ⁨hours⁩ ago

        Well, then I hope you guys are ready for a revolution unless you’re fine with a Blade Runner esc hellscape.

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• hopesdead@startrek.website ⁨15⁩ ⁨hours⁩ ago

  It’s already fucked up that he legally gets to call himself a co-founder for simply being on the board.

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