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this post was submitted on 17 Aug 2024
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Not to mention that if he sells enough Tesla shares he could lose majority control of it. If that happens and enough shareholders band together they could force all the Elon sycophants off of the board of directors, then the new board could force him out as CEO.
A lot of shareholders have drunk the Elon kool-aid tho, look at the recent shareholder vote about Elon's ridiculous pay package.
There's a lot of true believers that treat it like a meme stock and don't look at the fundamentals.
It's going to go down eventually, but it might take longer than you'd expect based on the numbers.
100%. Tesla shareholders are an almost entirely irrational market. Turns out buying into a stock that over-priced does not self-select for a healthy ability to assess risks.
So only good things.