I can't celebrate the decline of TESLA

[genxlib]

Frankly, it just makes me sad.

I am not talking about Musk. I will be happiest when he is penniless and powerless.

I am talking about Tesla as a brand.

Once upon a time, they were part of the solution towards a cleaner world. They moved the bar on electrical vehicle adoption. They expanded the charge network. They made electric vehicles cool.

And then Musk dragged it all down with his swasticar and his foray into MAGA.

It would have been so much better if the board had just shuffled him out the door when he bought Twitter..."sorry, this brand deserves the time and attention of a full time CEO, thank you, goodbye." Now it is too late and the brand is tainted.

In a world threatened by climate change, we need every possible positive solution.

So it saddens me to see what has happened to Tesla and I cannot celebrate the decline.

[dem4decades]

1. I can't celebrate the decline of Tesla - enough.

[Solomon]

4. Thank you! Me either!

[brush]

15. It's become apparent, musk is like trump...everythig he touches dies too.

[Klarkashton]

2. They are shitmobiles.

The sooner they go out of business the better.

[maxrandb]

3. Can't they still fire his dumb ass?

The Papa John's dipshit was forced out, why not the South African Nazi?

Are the shareholders supposed to just watch their money go up in flames?

Seems that they know what must be done. Get rid of the fuckstick and Tesla could survive.

Hell, they may even thrive.

Corporate boardrooms have got to have something similar to a 25TH Amendment option.

[Bristlecone]

5. The do. Fiduciary Responsibility.

It is their legal obligation as a board to ensure that shareholder value is maximized.

And this ain’t it.

[ProfessorGAC]

6. While The Answer Is Obviously Yes...

...remember that same board gave him a bonus so large a JUDGE had to block it as unconscionable and not in the interest of other shareholders.
It's hard to believe a board that did that would fire him now.

[maxrandb]

9. Even Tesio turned on Vito Corleone when his livelihood was threatened

[ProfessorGAC]

13. Good Point

Modest correction: 2 S's in Tessio. Salvatore Tessio.
You'll probably remember, near the end when he's being set up for execution and asks Hagen for a break, Hagen says "Can't do it, Sally."
But, your point is fair.
The thing is, those board members are probably longer term holders and even with this recent precipitous slide, they've made a 500% return in 5 years. And with an overvalued stock like this, none of them could start selling significant blocks without triggering a sell-off.
So, they're in for the log haul and are likely still pleased with their 37% annualized yields. Their livelihoods are not yet at risk.

[Disaffected]

19. Musk also owns 20 some % of Tesla stock

which in itself may make removal difficult.

[ProfessorGAC]

21. Considered That, As Well

Investopedia says Musk has 12.8% but that is still significant enough to be consistent with your point.
Vanguard & Black Rock combined only have about 1.5% more than him. Nobody else controls more than 3.8% so it would take quite a proxy effort to overrule the board when those 3 are starting at 27%.

[Disaffected]

40. Hmm, I re-googled and found the 13% is correct -

can't recall where I came up with the 20+ % figure.

But, would Vanguard and Black Rock necessarily support Musk?

[ProfessorGAC]

42. I Heard Twenty, Too

But, then I thought I recalled that when he got in it was 8 or 10% and expanded a bit.
I looked it up again today to be sure. But, I had heard that 20% number as well.
I don't know that Vangyard or BR would support him, but their reps on the board might be concerned about even more turmoil if they launch him.
I could see other institutional holders demanding he walk away from DOGE and get back to his job, or else.
Given the cult of personality built up around him, his separation might cause a crash that makes today's bloodbath look like a picnic.

[ProfessorGAC]

7. I Can

All their overly optimistic promises led to a grossly overvalued stock that raised the profile & economic clout out a privileged, rich drug addict that feels he has the answers to everyone.
If they had just stayed an electric car company, and never allowed Musk to become their frontman and "leader", I might have the same opinion as you.
But, they let a rabid wolf into the house & now they get what they get.

[Bobstandard]

8. Virtually no innovation since introduction

They seemed to be an excellent product development, engineering, and logistics company at first. You know, right around the time Musk forced the visionary founders out. Development seems to have stopped. Their latest offering, the ridiculous “Cyber Truck” is an embarrassment that probably signals too much involvement and ego from the Doge Douche. That they seem to be flaming out gives me hope that he will too.

[Frasier Balzov]

10. TSLA stock is acknowledged by analysts to be overpriced.

Overdue to come down more into line with valuations of the overall technology sector.

[edhopper]

17. It is not a tech company

it is an auto maker, and should come down about 80% to be in line with other car companies.

[madville]

37. Wrong

Artificial Intelligence products, Solar Panels and hardware, batteries, lithium mining and refining, robotics, autonomous driving software, and the world’s largest EV charging network are also under the Tesla umbrella. They are a tech and power (generation/storage/delivery) company in addition to autos.

[edhopper]

39. His AI dream is more bullshit

Toyota makes solar panels.
Its profits are 90% from cars,m that and gov subsidies and selling carbon credits.
It's a car company.

[madville]

41. Toyota doesn't make solar panels, not comparable

And definitely doesn’t sell any to consumers lol

[Maraya1969]

11. Most people couldn't afford them anyway. I'm waiting for a decent

EV that is not a horrendous price

[Callie1979]

16. The used market is now a "thing" since they've been out so long.

You can buy used!

[Lulu KC]

22. Used EVs are a great deal

Many are leased and well-maintained because there are frequent technology changes so they're kind of like phones to some people. Me? I've had the same phone for eons and bought a used LEAF for a tiny price because I just don't need the most updated thing. It's the best car I've ever driven, but I don't take long trips in it. It's our in-town car.

[Polybius]

43. Define " not a horrendous price"

Realistically speaking, how low would you like to see EV's go?

[Yavin4]

44. China makes affordable EVs

But they're being kept out of the US market for a variety of reasons.

[dem4decades]

45. The Chinese cars i see in Aruba are beautiful and cheap, as Trump cedes markets to China, we lose.

[radius777]

12. Tesla has long been viewed as overvalued,

and I suspect it has much more to go before it hits bottom. Tesla like most of these monopolies have relied upon the gov't to protect them from competition. BYD is superior to Tesla and we should be able to buy one in the West without tariffs.

[Prairie Gates]

14. Musk is an Enshittifier - it is better for Tesla's original mission if that is his legacy

As a cautionary tale.

[DemocratSinceBirth]

18. The world can survive without him.

[Bev54]

20. I can!

[Norrrm]

23. Cybertruck Swasticar innovative design

[dalton99a]

36. +1

[waterwatcher123]

24. Tesla is going to join the historical wreckage of automotive companies and technologies.

Musk has so badly tarnished the Tesla brand that it seems unlikely to survive. It is too bad the company was not more independent from this man and his toxic management style. The Tesla Board could have removed him at any point. However, they are so tied to him as a charismatic or "cult like" leader that they are unable to act objectively. They could have put him on leave or found a new CEO. But they acquiesced to the ego of this man and the rest will be told as part of automotive history.

The technology will be sold, and some other automotive company will build electric cars that use Tesla’s technology. The Tesla Truck is such a ghastly failure it is likely to join the ranks of the AMC Pacer or Pontiac Aztec as collector’s items.

[Maru Kitteh]

25. Meh It's better to have innovation spread across more companies, in

more countries, on more continents. Perhaps someone will buy Tesla, pull it out of the crapper and Make Tesla Okay Again. De-nazify Tesla.

[tulipsandroses]

26. They made their bed. Elon has been showing his true colors for some time now. All the other companies he invested in

earlier on, got rid of him.

About the robo taxi...... That's probably going to be a huge bust
They should cut their losses before it gets worse.

[bushalert]

27. Fuck Tesla. I hope they fold.

We need mass transit solutions and a change in how we think about travel - unlikely though.

[alarimer]

28. Fuck Tesla; there are better products out there, if you must

But this company either needs to shed Musk or go under. They can side with the Nazi or they can do the right thing.

[LetMyPeopleVote]

29. I am happy to see the decline of Tesla

Musk's liquid net worth is based on margin loans on his Tesla stock. Musk's investments in twitter, SpaceX and his other scams are not marketable. Tesla has declined a great deal and this may trigger some margin calls

[Mr. Sparkle]

30. I'm the same as you

I loved the company for all of the same reasons, but i stopped as soon as Elon went to crazy town around covid. They need to get rid of him as soon as possible.

[AntiFascist]

31. Bring Tesla to its knees, until shareholders decide to put someone else in charge...

Besides, Musk is too busy trying to run the world and getting high on his newfound power (in more ways than one).

[iemanja]

32. Fuck the nazi car

There are lots of other electric vehicles available. The only reason to buy a Tesla now is to show support for Musk and Trump.
May they go out of business soon and bring great financial loss for Musk.

[Initech]

33. It's absolutely insane to me that Elon Musk continues to evade justice.

The man is on Putin's payroll. His takeover of Twitter was meant with hostile intent. He finances accounts that act with violent and hostile intent like libsoftiktok, Catturd, and Tucker Carlson. He flipped the US election so he could be a trillionaire. He uses his ill gotten wealth to flip democracies. He flipped Argentina, Turkey, and the Philippines. The man is the biggest terrorist in the world. He must be brought down.

[madville]

34. TESLA is about 40% of his wealth

It could go to 0 and he’s still worth 150 billion just from Space X which isn’t going anywhere.

[synni]

35. EV's are not yet ready for prime time

I don't care how many countries are using them, they're just not practical for driving long distances. It takes too long to charge them. They catch fire far too often.

Maybe in 10-20 years, the technology will be better, but right now...just no.

The sooner Tesla goes down, the better.

[Scrivener7]

38. I can. Other companies will go into that space.

[Xolodno]

46. At a certain point, they will get bought out.

Musk will throw a fit, but the shareholders and board will approve it.

A lot of car companies have been playing "catch up" in the EV space, buying them will effectively end that and put them on top. Musk is single handedly destroying his brand. As they say, when you see your enemy making a mistake, get out of the way.

Ford, GM, Toyota, etc. are probably eyeing this with great interest.

[BannonsLiver]

47. No problem, I'll celebrate it for you!

[David__77]

48. Sort of like a lot of things in this country.