I think a collapse of Tesla as a brand would obviously hit his net worth, but maybe even more important, perhaps it would force him to actually pause "fixing" government and go back to fixing his oligarch empire instead. - ThreadSky

schooley.bsky.social • 5 days ago

I think a collapse of Tesla as a brand would obviously hit his net worth, but maybe even more important, perhaps it would force him to actually pause "fixing" government and go back to fixing his oligarch empire instead.

Reposted from Alex Winter

#TeslaTakedown is building momentum and new upcoming protests are up!

Please join an event or create your own and we will amplify. Keep up the pressure. Musk's inflated wealth is tied to Tesla's inflated value. We can make a difference!
Join or register at Teslatakedown.com

Comments

oldohman.bsky.social•5 days ago

All his projects are paid for with loans based on the value of just Tesla stock. He's getting close to an activated corporate board real soon if the trend continues.

katbuns.bsky.social•5 days ago

So true!

But it shouldn’t just be “sell your Tesla,” it should be “and buy another electric car.“ We don’t want to set back climate change initiatives.

slinkyjim.bsky.social•5 days ago

I think a lot of people are confused about Musk’s net worth.

It’s almost all Tesla stock.

Musk takes out loans against his Tesla stock just to live.

copernicussees.bsky.social•5 days ago

I think that he's concluded he's extracted as much value as he can from Tesla at this point, is confident he can make up the loss through new government contracts (direct cash and collateral value), and is ready to kick Tesla and its shareholders to the curb.

aozorasf.bsky.social•5 days ago

Every $1 drop in the price of $TSLA shares costs Musk $410mn.

mariootsa.bsky.social•5 days ago

It just occurred to me that it has probably gotten to the point where the board would be afraid to remove him for fear of retaliation. So the whole thing basically has to go down in flames.

jim584.bsky.social•5 days ago

Tesla stock is being artificially inflated by the billionaire class (Thiel, Bezos, Mellon, Adelson, Warren), who want big government tax breaks and think Musk can provide them.

jasonpaul.bsky.social•5 days ago

He'll dump it on someone else (maybe someone that actually knows someone about building cars), declare it a victory and move on to the next grift. More brainchips probably.

reallymicki.bsky.social•5 days ago

He doesn’t need Tesla. He’s writing his own government contracts.

bwreed.bsky.social•5 days ago

Dems should explicitly run on defunding SpaceX too.

thewhiner.bsky.social•5 days ago

Doubtful. Taking over the federal government would be more lucrative than Tesla could ever hope to be.

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