Musk believes he's smarter than everyone else. So think of how stupid Musk is, then imagine how dumb he must believe everyone else is in order for him to be the smartest man alive.

Have/will they face any repercussions for this though?

What I love is that it's a damned if you do, damned if you don't situation.

The whole reason it has such an absurd valuation, 20x higher than a normal car company, is that they convinced investors they weren't just a boring car company. They had a visionary CEO who was going to keep innovating and growing the company in ways that normal car companies could never replicate. He was Tony Stark! Now they're in a situation where it's that same CEO who's dragging them down. His politics is tanking their reputation, so it's tanking their stock value.

The problem is, if they dump him as CEO, there's absolutely no way to justify the absurd P/E ratio. They can't just go out and appoint another supposed "Tony Stark" to run the company. That means they stick with him and their stock price tanks because he's one of the most hated people in the world. Or, they ditch him and their stock price tanks because with their visionary CEO gone, the jig is up and there's clearly no way to justify a P/E ratio of 100 when Toyota has a P/E ratio of approximately 7.

And for Elon, half his wealth is Tesla stock, and he borrowed against that Tesla stock to fund his Twitter purchase. If Tesla tanks, it all could come crashing down around him. There's no escape for him either. He can't realistically even sell his stock because as soon as he started trying to do that it would signal his lack of confidence and cause the value to plummet.

It's just annoying that Tesla's stock isn't crashing faster. So many people who don't believe in the sunk cost fallacy, and are desperately lying to themselves rather than cashing out before the bubble bursts.

Bail while you can. Nobody is going to buy American for a generation.

I think the writing on the wall is that the US stock market is going in a direction. If you may need that money in the next decade or ever it may be an excellent idea to diversify.

This is not financial advice but the US exchange is highly volatile at the moment.

There are good indications that a significant part of the overvaluation was due to Musk hype, so clearly people hating on Musk will have an outsized impact compared to the public faces of other corporations. I'd still say that's a good reason for the stock to drop. Now, add on massive recalls to the truck designed in Minecraft, and lackluster sales for a variety of reasons (including Musk hate). It's not a good time to own Tesla.

Oh right, what a sad spectacle that was.