That's why he doesn't want them to sell. If the price drops low enough, the banks will make him sell all of the shares that he used for collateral to purchase Twitter. Cashing in billions in shares will be the final nail in Tesla's coffin.
I saw a cybertruck today. Fucker had a new tag on it. Fucker just bought it. I yelled and czlled hiim a fucking nazi. No way you buy any Telsa without knowing who you support.
Musk has previously bragged that employee stock awards helped fend off unionization efforts in Tesla factories.
Indeed, Tesla is currently the only major American automaker whose workforce isn't represented by a union. Musk's strategy has previously been to pay employees much lower salaries than other American auto companies, offset with those Tesla stock awards.
Now that employee stock holdings are in the toilet, the leverage Musk once had over his laborers is quickly slipping through his fingers. The deeper Tesla's stocks plummet, the closer Musk pushes his underpaid workforce toward the bargaining table — which would be a huge cut to his own personal fortune.
But that's something only Tesla's employees can decide. In the meantime, calls on Musk to step down as Tesla CEO are only getting louder.
Elon has NOT demonstrated ANY transparency THIS YEAR.
Don't listen to his words.
Words are a "tool" that he uses to get what he wants, NOT what you want.
He doesn't think he is lying, it's just business “management.”
Lying is his way to help his business thrive. Perfectly normal...for him.
Perfectly normal for ALL Sociopathic Oligarchs. Lying, cheating, bad ethics, willingness to break the law, etc. are all considered valid business strategies these days. I've know many businesspeople who believe that.
Most businesspeople want to operate their businesses legally and ethically. People with morals and consciences wouldn't be proud of having a successful business if it only got that way through nefarious behavior.
Unethical businesspeople know that, and look for honest businesses like that to exploit. They see their unethical and illegal behavior as a competitive advantage over their honest competitors. They know their opponents won't cross a certain line, but they will, and they are actually excited to do it. They enjoy being dishonest, it makes them rich.
I sold my Tesla stock long ago, before it crashed, because I wouldn't support M-Rat.
Now I'm thinking of buying a share, only because I want to be in the inevitable class-action lawsuit that is absolutely coming, blaming Musk for recklessly and predictably tanking the stock price, and the Board of Directors for not taking action and removing him from his job when he went out of his mind.
I mean, if Jim Cramer is telling me to buy something, I'm gonna sell it. If he's telling me to sell, I'm gonna buy more. Never seen a stock guy wrong as often as him.
when the CEO is begging shareholders "please don't sell your stocks", that is quite possibly the single biggest red flag for any company ever. That is "pull your money out yesterday" territory.
Musks Tesla stock holdings make it so that even if he were kicked out as CEO, the company would continue to be viewed as his personal piggy bank, and likely continue to face backlash for the stuff Musk is doing. Him liquidating his stock position would crater the stock price. It's pretty well cooked.
so this bad use of oxygen psychopath has the nerve to ask his employees, who always exploits, and have a high chance of losing their job soon, to keep the investment on the swasticar so they have double the risk: their salary and their investment.
And all for personal gain.... why I'm not surprised? and why is he still wasting precious oxygen?
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