cross-posted from: https://lemmy.dbzer0.com/post/43304669
This should have happened awhile ago. Lots of good people work at Tesla and I’d like to be able to buy an American made electric without worrying about vandalism or worse. Yeah there are a couple of other options but this should be one too.
I mean, just because Elon won’t be CEO anymore doesn’t mean he won’t be getting funds from it to fund his bullshit. He’s still an owner of it…
he’s a minority owner, don’t think he himself even holds a majority of voting shares outright–there’s some bullshit and shenanigans going on that gives him the ‘control’. iirc, it requires near-90% approval of all non-musk held voting shares to make ‘major’ changes like ousting a board member or ceo. that’s why he’s still ‘in charge’
it requires near-90% approval of all non-musk held voting shares to make ‘major’ changes like ousting a board member or ceo.
No, you’re thinking of News Corp and Murdoch’s shenanigans.
Tesla has a standard structure. He doesn’t own a majority of shares, but he does own a significatn percentage and investors aligned with him combined have enough for him not to be at any significant risk.
The directors however have a fiduciary duty to act in the interests of all shareholders, so going through the motions of considering a replacement ticks that box.
Spoiler, assholes own everything. Good luck finding products that don’t make people you hate richer. Yeah you can find small niche products like beard wax from a local guy, but a car? Please tell me about a great car company.
For me there’s a big difference between funding someone anonymous (to me) who might be an asshole vs someone known to me who definitely is. I can tolerate the former, but not the latter.
Fucking finally
I’ve been expecting this for a good while.
Rule #1 Never believe his announcements. They may be true or not.
Rule #2 Always assume that most people believe in him and his announcements.
Rule #3 After applying the rules #1 and #2, sometimes you can see what he is trying to achieve with the announcement itself.
Most times it is about inflating his ego. Often it is about pushing (manipulating) the stock market.
So when he recently announced to "be allocating far more of my time to Tesla.” I immediately thought the hell you want to donate them your oh so precious time, again, suddenly (there would even be admitting a fault in it if he actually did), no you just want the stocks to stay up. And so I concluded that he doesn’t feel like taking responsibility at Tesla anymore.
Paywall
Learn to jump the wall https://lifehacker.com/how-to-bypass-a-paywall-to-read-an-article-for-free
This has been directly refuted by the Tesla board, who even told the reporters that it wasn’t true when they were asked before the article was published……then they published it anyway and didn’t include the boards comments lol
When Tesla wins a civil suit about this story, then I’ll believe they’re not lying.
