this post was submitted on 28 Feb 2025
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Summary

Tesla investors, frustrated by the stock’s decline, are demanding accountability from Elon Musk, who recently illegally demanded federal employees justify their paychecks.

Shareholders took to Musk’s social media platform X, asking him to similar list his contributions to Tesla.

The stock has fallen for six straight sessions, underperforming the Nasdaq.

Meanwhile, Musk faced backlash for overstepping in government affairs, forcing Trump to smooth tensions.

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[–] 100_kg_90_de_belin@feddit.it 7 points 9 hours ago

How will Elon's human meat shield react when he finds out that Daddy used him as... well, a human shield?

[–] Crashumbc@lemmy.world 21 points 13 hours ago (2 children)

It's been obvious the last couple months, he no longer cares about Tesla or X... He's on the government's teat now...

[–] hark@lemmy.world 4 points 54 minutes ago

He has never not been on the government teat. He has the government to thank for tesla's success.

[–] finitebanjo@lemmy.world 4 points 10 hours ago

Yeah just about the only thing that might get a reaction out of him is a SpaceX walkout, but from his family history I think subterfuge of democracy has always been more important to them than just the money.

[–] __nobodynowhere@sh.itjust.works 7 points 13 hours ago
[–] bitjunkie@lemmy.world 34 points 21 hours ago (1 children)

Part of me hopes they name a different CEO just because of the massive hit to his ego that would be. But then I remember that would mean the company would be run by someone likely not putting 6lb of K up his nose daily, which would make Elmo even more obscenely wealthy and free up more of his time for destroying our fucking government.

[–] nomy@lemmy.zip 3 points 1 hour ago (1 children)

I'm pretty sure Elmos actual goal is to be the first trillionaire and he's willing to burn the world down to do it. That he's able to advance a white nationalist agenda while doing it is icing on the cake.

[–] Ledericas@lemm.ee 1 points 8 minutes ago

Don't you mean second, Putin is the unconfirmed 1st trillionare

[–] Psaldorn@lemmy.world 108 points 1 day ago (3 children)

Then the board should fire their fascist CEO..

But they can't because he replaced them with loyalists..

So they sell their shares and the stock tumbles more..

So the remaining investors get angrier..

It continues..

And then it ends owned wholly by Vanguard/BlackRock/etc

[–] LifeInMultipleChoice@lemmy.world 6 points 13 hours ago

Fire, then sue. They should sue him for all losses in sales and stock losses tied to his bullshit. Many could argue he's caused 1T in losses.

[–] RememberTheApollo_@lemmy.world 10 points 22 hours ago

Same thing they’re doing to the country. Take parts out of the government so that it doesn’t work as well, blame government, take more parts out of it so it tumbles more, etc.

That’s all these clowns know how to do. “Cut to profitability, who gives a shit how it affects employees and customers” except government isn’t supposed to be profitable and the (non-wealthy) citizens of an entire nation get fucked.

[–] RandAlThor@lemmy.ca 12 points 1 day ago (1 children)

no no no. He's the largest shareholder. Make him stay at Tesla until the stock is worth like other car companies.

[–] Deceptichum@quokk.au 15 points 1 day ago* (last edited 1 day ago)

Make him stay there until his stock is like my bank balance.

He doesn’t deserve profit.

[–] Gerudo@lemm.ee 102 points 1 day ago (3 children)

Be a Nazi, no one cares.

Lower sales impacting stock price? How fucking dare you!

[–] ShaggySnacks@lemmy.myserv.one 5 points 13 hours ago

The Capitalist Class doesn't care about systematic issues nor the rise of fascism. The Capitalist Class only cares that the line goes up.

[–] earphone843@sh.itjust.works 2 points 14 hours ago

I mean, the two things are related.

[–] ripcord@lemmy.world 32 points 1 day ago

Listen, the best hope for things to get better here is if the economy tanks. Which it will. And is.

[–] Zombiepirate@lemmy.world 133 points 1 day ago (2 children)

Lie with dogs and you'll wake up with fleas.

[–] Ledericas@lemm.ee 1 points 18 minutes ago

More like mange

[–] masterofn001@lemmy.ca 51 points 1 day ago

What if you are the blood sucking flea?

Asking for a musk.

[–] ILikeBoobies@lemmy.ca 34 points 23 hours ago (1 children)

They did have the chance to remove him, sometimes betting on the market doesn’t pan out

[–] AlecSadler@sh.itjust.works 4 points 10 hours ago

Yeah and instead they gave him something like a $50B payday.

[–] dmtalon@infosec.pub 33 points 1 day ago

Ya Elon is getting his money just like the GOP now. He's not worried about what you think

[–] ryedaft@sh.itjust.works 89 points 1 day ago (6 children)

Still 40% up over the last year. But Tesla has never paid dividends. Why they investing in a supposedly profitable company, one where the market cap is too big for anyone to buy them out, when it doesn't pay dividends?

[–] CMLVI@lemmy.world 75 points 1 day ago (4 children)

There is some kind of shady deal going on, I bet. 0 reason why Tesla is worth more than like the next 12 biggest auto makers combined. The argument previously is that they're a tech company with FSD, but that has become increasingly untrue as the years, missed targets, failed upgrades, and lack of implementation continue to pile up. Add-on Cyber Truck failures and Musk basically abandoning Tesla to play Govt Undertaker, and the company itself looks worse positioned than at any point in time.

[–] SpaceCowboy@lemmy.ca 2 points 1 hour ago

Tee investor class has pretty much all of the money now, so the goal isn't to make a product that makes a company revenue anymore. The goal is to convince investors that other investors will put money into a company. Tesla is very successful at promoting itself as a company that's going to come out with some nebulous product that will be a game changer. They don't need to actually do this, or even be able to convince people they will do this. They only need to convince investors they've successfully convinced the Greater Fool that Tesla is going to do something big someday.

[–] Plebcouncilman@sh.itjust.works 33 points 1 day ago (4 children)

I’ve been trading TSLA stock for a few years now, and Elon has been manipulating the stock price using his celebrity status for just as long. I remember that at one point the SEC was gonna press charges but instead they came to a compromise in which Elon would not tweet anything about TSLA without first submitting the tweet for SEC approval.

The other thing is that TSLA is majority owned by retail investors, who generally speaking buy based on vibes and hype rather than sound fundamental analysis. The price is not logical and most analyst have said so for ages now. The company had like one or two real good years, anything before that and after that has been a nonstop hemorrhage of cash. But in my analysis the reason TSLA stock can no longer sustain this price is that their strategic advantage has been almost entirely eroded. Self driving cars? China beat them to the punch. Robotaxis? Awfully behind, they are going to be entering a crowded market by the time their tech is ready. Robots? Same as above, I mean Boston Dynamics has been doing this for two decades now. Cars? Every automaker makes an EV at this point and quite a few of them are actually nicer than Tesla even if they don’t have all the gimmicks.

TSLA is for electric vehicles what IBM was for computers.

[–] aesthelete@lemmy.world 1 points 15 minutes ago

Every automaker makes an EV at this point and quite a few of them are actually nicer than Tesla even if they don’t have all the gimmicks.

Quite a few of them are nicer than Tesla because they don't have all the gimmicks.

I wouldn't buy a Tesla for many, many reasons, but their gimmicky nature is up there. Leon seems like he's obsessed with reinventing the square wheel.

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[–] TranscendentalEmpire@lemm.ee 12 points 1 day ago (1 children)

0 reason why Tesla is worth more than like the next 12 biggest auto makers combined.

Market cap isn't the same as market share, the reason their market cap is so high is because people are bad at investing and can be easily manipulated by a con man.

[–] CMLVI@lemmy.world 8 points 1 day ago (4 children)

We're saying the same thing, just one more eloquently than the other (you than me lol).

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[–] Blue_Morpho@lemmy.world 14 points 1 day ago (3 children)

IMO its currently propped up by two effects. Musk going hard right making investors think Republicans will buy Teslas to support Trump. I also think they believe that Musk being in the government will get Trump to hand Telsa some sweet government money.

It's turning out that Republicans won't buy Teslas even if Musk is full Nazi. Plus, Tesla has lost the entire rest of the world market by going full Trump.

[–] Ledericas@lemm.ee 1 points 15 minutes ago

Musk pretty much abandoned tesla when he bought twitter

[–] AlecSadler@sh.itjust.works 1 points 10 hours ago

No Republican I somewhat know can even afford a Tesla.

[–] Raiderkev@lemmy.world 7 points 1 day ago (1 children)

I said it when he first started this right wing BS. Michael Jordan was smart enough to say Republicans buy sneakers too. He did the opposite in his ketamine fueled rage, and pissed off probably 70% of the people who actually wanted to buy his shitty cars. It's an absolutely brain dead move.

[–] Ledericas@lemm.ee 1 points 15 minutes ago

The bloodshot eyes he gets is from cocaine?

[–] Talaraine@fedia.io 9 points 1 day ago

I mean of course they're going to be reticent to comment. Didn't they just give him like $50 bill? Gotta save face and keep quiet about that... or they look like idiots too.

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[–] CileTheSane@lemmy.ca 25 points 1 day ago

Musk is going to sue investors for selling stock calling it a "conspiracy against him".

[–] brucethemoose@lemmy.world 24 points 1 day ago

I can’t wait until “some 100-character impulse rant on Twitter” isn’t news anymore, nor seen by millions.

Like, if Twitter were to get destroyed tomorrow, the world would be such a better place.

[–] MelodiousFunk@slrpnk.net 12 points 1 day ago

demanding accountability from Elon Musk

[–] Litebit@lemmy.world 12 points 1 day ago (1 children)

Fire him and get AI to do his job.

[–] nokturne213@sopuli.xyz 8 points 1 day ago (1 children)

AI could have designed a better cyber truck even with hallucinations.

[–] Ledericas@lemm.ee 1 points 9 minutes ago (1 children)

Personally the truck was designed to show he was good for the 56bn package he was getting from Teslas, when before the investors or board was voting against him for years

[–] nokturne213@sopuli.xyz 1 points 2 minutes ago

I hope they are regretting the decision.

[–] kutsinta@lemmy.world 11 points 1 day ago (1 children)

im curious as to how my sibling's husband is feeling about this rn considering he was a lifelong democrat turned trump voter cuz of being a tesla/musk blowhard 🧐

You should ask him if he's heard about the recently released statistics that revealed that the Cybertruck is substantially more likely to catch fire in an accident than the Ford Pinto. You know, the car that is notorious for catching fire when rear-ended because the fuel tank is directly behind the rear bumper.

But he doesn't have to worry about that, because Musk is getting rid of the office in charge of keeping track of that sort of stuff, so he can be assured that he will never know if the next car he buys is gonna explode for no reason due to poor manufacturing until it does.

[–] Placebonickname@lemmy.world 11 points 1 day ago

Musk looks a 50 year old starting a boyband for 17 year old girls.

[–] rickdg@lemmy.world 7 points 1 day ago (1 children)

Yeah no, Tesla investors are all-in on the kleptocracy.

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