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submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]

KEY POINTS

Elon Musk said he would form a new political party called the “America Party.”

Tesla shares fell Monday after Musk’s announcement.

Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.

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[-] [email protected] 2 points 1 week ago

Won't happen. His board are all sycophants.

[-] [email protected] 5 points 1 week ago

Then Tesla's investors should organize a class action suit against the board, for acting against their best interests.

[-] [email protected] 4 points 1 week ago* (last edited 1 week 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 this country is ALREADY bought and paid for by the rich.

[-] [email protected] 4 points 1 week 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.

[-] [email protected] 1 points 1 week ago* (last edited 1 week 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.

Otherwise all those fucking idiots and elon himself should be hanging from the nearest tree for being the brainless cultists they are.

[-] [email protected] 0 points 1 week ago

So you think rich people don't care about losing money? I'm not sure you understand what I'm talking about.

[-] [email protected] 0 points 1 week ago

Yes, I'm telling you he demonstrably is getting away with it.

this post was submitted on 07 Jul 2025
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Economics

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