So at what point are we going to start focusing on the Tesla board? Are they fulfilling their fiduciary obligation to the shareholders? Preventing the CEO from running the company into the ground is kind of why we have corporate boards, no? - ThreadSky

sifill.bsky.social • 4 days ago

So at what point are we going to start focusing on the Tesla board? Are they fulfilling their fiduciary obligation to the shareholders?

Preventing the CEO from running the company into the ground is kind of why we have corporate boards, no?

Reposted from David Ingram

Tesla shares have declined every week since Elon Musk went to Washington cnb.cx/3De2aJc by the definitive @lorak.bsky.social

Comments

kirkmurphy.bsky.social•4 days ago

Bring. Them. Down.

#DestroyMusk - before he destroys our Republic.

radios2.bsky.social•3 days ago

Tbh, we probably should have started there.

wearelegion2025.bsky.social•4 days ago

Chainsawing his way through the Tesla board next

audrey60.bsky.social•4 days ago

Trouble with Tesla Board (which includes Elon) is they are really mostly Elon fanboys (and girls)…unless shareholders get up in arms nothing will happen I fear

vitsy14.bsky.social•4 days ago

I’ve been asking this question for weeks now.

economymedicine.bsky.social•4 days ago

His board is not independent. He hand picked the board which is why his insane pay package got thrown out.

maison21.bsky.social•4 days ago

no, silly billy, we have corporate boards so the CEO’s friend circle can draw lavish salaries as board members in order to approve insane CEO pay.

iammenotu.bsky.social•4 days ago

Lone has majority shares I think.

teddley.bsky.social•3 days ago

Sherrilyn, Tesla has a huge disadvantage in that its largest competitor BYD of China, is almost 100% automated factories. BYD builds a better electric car with longer range for 1/2 the price. It’s why BYD builds and sells the most e cars globally now. Musk response? Bankrupt Tesla, retool w/robotics

werechicken.bsky.social•4 days ago

They’re all high on his supply and won’t dare lift a wrist.

edschechter.bsky.social•4 days ago

As the article says, they declined for 7 weeks ... almost down to the level they were at before the elections.

It's still a net gain for now ... they ballooned after the election on expectation that Musk would be able to cash in.

Would love to see him gone, but this isn't a good argument.

lillians.bsky.social•3 days ago

Where are the Board and Investors of Tesla/Starlink/Neurolink??
Still fucking themselves in their faces?

kristinao-l.bsky.social•4 days ago

I’ve been thinking that same thing! Can’t they remove this guy from leadership! He’s killing what was a very profitable company.

demdefend.bsky.social•4 days ago

I don’t think it was profitable. Its shares were valued on future plans.

krysblue4.bsky.social•4 days ago

And again. HE SHOULD NOT BE THERE IN THE FIRST PLACE. HIM AND TRUMP ARE BOTH THERE ILLGEALLY!!!😡😡😡😡😡🤢🤢🤢🤢😡😡😡😡😡😡😡

politicsrfun.bsky.social•3 days ago

Isn’t it stacked with his family and sycophants? Why boards aren’t legally required to be independent is problematic

i-lovecoffee.bsky.social•4 days ago

I said this 10 years ago last week. Any other CEO would have been fired by now.

melaynalokosky.bsky.social•4 days ago

The Tesla Board is composed of Musk's family and friends. They will never speak out against Elon.
For instance, Elon's creepy, costume, cowboy brother Kimbal is a Tesla Board member.

Kimbal STOLE money FROM his restaurant employees during the pandemic. #FamilyFund

They are parasites.

kstainback.bsky.social•3 days ago

Yes, he did. I live in Indy where he screwed over his employees during Covid. Imagine having so much money you could really help people when they’re down, but instead you steal from them. His restaurant is gone now, thankfully.

kbizz231.bsky.social•4 days ago

Nah don’t question it. This is fun. Let it become epic and maybe start a real panic sell off. It’s a small moment of laughter everyday. Sucks cus Tesla really helped push the ev game. But the ball is rolling good. It will get picked up. Meanwhile rocket man will loose his worth and rep 😂

kbizz231.bsky.social•4 days ago

I’d love if smart person would make a ticker of Elon musk’s personal wealth and I could watch that go down. He’ll still end up richer than I will be in 100 lifetimes. But still 😂😂😂 another trump casualty loading

soozeq.bsky.social•4 days ago

Wait, they're not just to say yes sir and salute to every crazy idea?

He did it at Twitter/X and now bringing his destructive brand to Tesla and the US Govt as an unfortunate partner with our equally destructive felon-in-chief who loves bankruptcy and filing lawsuits.

gkelly1193.bsky.social•4 days ago

I think he’s stacked the board with relatives and childhood friends, that’s how he won in Delaware court over his compensation package iirc

judetd.bsky.social•4 days ago

Thus a class action shareholders lawsuit against board.

kamauatl.bsky.social•4 days ago

Don’t worry. Trump will bail out Musk with additional government contracts for whatever he’s selling. Fascists take care of their own.

matthewbudman.bsky.social•4 days ago

For some reason, no Democratic governor or AG seems to want to be the first to pressure Tesla on behalf of pension-fund shareholders. C'mon, people: guaranteed headlines!

teddley.bsky.social•3 days ago

Class A shares have 1000x the voting rights.

lessafetoday08.bsky.social•1 day ago

The Dems are doing this too politely. If you want to fight thugs get down in the dirt with them.

surfingirish.bsky.social•4 days ago

A question that has been asked since Musk purchased Twitter but they are delighted with the gravy train.

iamangelam.bsky.social•3 days ago

I too have wondered where the shareholder lawsuits are.

jamesporourke.bsky.social•4 days ago

I'm thinking about Florida's attorney general and his lawsuit against Target.

gloriousbasterd.bsky.social•4 days ago

Ripe for a shareholder suit.

pamnapo.bsky.social•4 days ago

Corporate boards are the new Congress.

john-schroeder.bsky.social•4 days ago

Yep, zero governance and a complete abdication of their fiduciary duty to shareholders. Let a ketamine addled CEO split time between unrelated entities, & then just disappear to DC for a while? And the cherry on top: trot out a Nazi salute that tanks sales? That lawsuit practically writes itself.

nyc55.bsky.social•4 days ago

Yes! Where is the Board?

nancylevinestearns.bsky.social•1 day ago

Where are Tesla board members?

Fiduciary duty to shareholders?

https://ir.tesla.com/corporate

chinchinella.bsky.social•3 days ago

Read most of the stock is held by Muskkk & some are held by his kids, I believe the rest by shareholders he could not care less since he makes a ton on Starlink SpaceX & his new toy DOGE-dismantling what little safety net the people have, 72 Million people are needing their SS, we’ll find out soon.

francoisegirard.bsky.social•4 days ago

Shareholders might better placed to act.

historian1661.bsky.social•3 days ago

At the very least, he should be leaving DC and going to Tesla headquarters to deal with the crisis.

lulutiramisu.bsky.social•4 days ago

Exactly

jcpillars.bsky.social•3 days ago

The value of Tesla is entirely Elon Musk’s relationship with Washington. Without that, it’s a middling EV car company that hasn’t innovated in a decade.

ashleymont.bsky.social•3 days ago

https://ir.tesla.com/corporate

rockymountviews.bsky.social•3 days ago

It would not be the first time a corporation kicked their famous CEO out of the company.

jdinjc.bsky.social•3 days ago

karma! it’s not over for him.
He could do so much good with all of his money. But instead, he just wants to re-havoc because he wants power, but there’s no power in being evil.

realgirlvibes.bsky.social•4 days ago

Unless they’re corrupt too. Theil and Musk probably have corrupt boards

teddley.bsky.social•3 days ago

Every Silicon Valley monopoly has built several overlaping lines of defense. A moat if you will to defend it from competition and regulation. Class A stock for example. These boards can never be challenged.

bobtheguardian.bsky.social•3 days ago

We just gotta tank the company. The board ain’t gonna do shit.

MAGA doesn’t even want those rusted out shitbox cars and there is nothing interesting in their pipeline.

bobtheguardian.bsky.social•3 days ago

They handed him like 40 billion or something not even a year ago just cuz they thought he was their special boi

christinafromthed.bsky.social•4 days ago

The Tesla BOD is stacked with Elon’s minions. Shareholder activism is the way to get him out. Way past time for individual shareholders and institutional investors esp. public/union pension reps/trustees to demand a new, full-time CEO.

gylc.bsky.social•3 days ago

Rachel Maddow made a good start by questioning whether the US Marshalls who protect the DOG(e) boys are really marshalls. It is time to not only question their legality but confront them. It is time to follow the citizens of the 1960s and 1970s. It is time to do "good trouble."

meekman.bsky.social•3 days ago

The board members are sycophants and bootlickers.

texasbluegal.bsky.social•4 days ago

Just traded my Y in for a @Rivian

tippedbeaker.bsky.social•4 days ago

Driving a Bezos-mobile now.

kstainback.bsky.social•3 days ago

Lol.

coconutlizard.bsky.social•4 days ago

Is that why he bought his own cars?

bubbagumpshrimp98.bsky.social•4 days ago

They will be compensated with stolen tax dollars.

squeakpurple.bsky.social•4 days ago

The Board is friends and family. And that’s the problem. Very similar to Trump.

swiffy.bsky.social•4 days ago

The board is completely beholden to Musk and provides no meaningful oversight. The catch is Tesla is massively overvalued, and the board knows it is completely propped up by the myth of Musk. Shareholders know too. So no derivative lawsuits or change until it gets much worse

swiffy.bsky.social•4 days ago

This kind of totally broken and ineffective governance is just what they want. There was a compensation suit that Musk is furious about, because Musk and company were so brazen and sloppy that he lost. Now he's working in the government with this corruption and total unaccountability as his model

feliciahenderson.bsky.social•4 days ago

Tesla board is captured and shareholder base is heavily pro-Elon. See for example votes last summer to re-approve invalidated pay package and to move incorp to Texas. https://www.npr.org/2024/06/14/g-s1-4359/elon-musk-tesla-pay-package-shareholder-vote

feliciahenderson.bsky.social•4 days ago

And sorry for the 🫣 thumbnail for that story.

augustadsays.bsky.social•4 days ago

Why did Elon say go f yourselves?
https://www.youtube.com/watch?v=VOssZzsWcqw&t=2s

jjgass.bsky.social•4 days ago

Since shareholders approved the board's ridiculous decision to hand him umpty-two billion dollars as an annual salary, the board naturally assumes that the shareholders aren't concerned about trifles like whether the company is profitable.

kennych.bsky.social•3 days ago

Keep it Up!!!

luvusagi.bsky.social•4 days ago

Exactly! How has he not be removed at this point?!

kellylmiller.bsky.social•4 days ago

Not these folks

"Shareholders believed that members of Tesla’s board were compensating themselves excessively with hundreds of millions of dollars between 2017 and 2020 when the average compensation of a board member of a S&P500 company is just north of $300,000."

https://electrek.co/2025/01/08/tesla-board-members-officially-settle-excessive-compensation-case-for-nearly-1-billion/

ajecharles.bsky.social•4 days ago

..& why this ridiculous notion attempting grow Americans to believe & accept that this US president as "CEO" is a dictator that does not (or should not) have voters as "the shareholders" holding trump accountable

lastthird.bsky.social•4 days ago

@profgalloway.com and @karaswisher.bsky.social have talked about this a lot:
The board has (or at least exerts) zero influence over him. I bought some TSLA a few yrs ago betting they might grow a pair and fire him; sold them recently for a nice profit and the satisfaction of helping tank the price.

mwelsh1977.bsky.social•4 days ago

And while Nero fiddles hurting Tesla shareholders he’s trying to get Delaware law changed so he can get a 56 billion dollar pay package. Ironic

kamiejj.bsky.social•3 days ago

You mean the same board that gave him the outrageous compensation package?
https://www.investopedia.com/elon-musks-multi-billion-dollar-pay-package-8757243

lawgrade.bsky.social•4 days ago

Tesla board is made up of Elmo’s lackeys.

dotjoyce.bsky.social•4 days ago

Maybe the board is AI generated?

bindigigimom.bsky.social•4 days ago

I got rid of my Tesla stock this week and I’m going to find another car fuck Tesla and fuck musk🖕🏻🤪😎

teddley.bsky.social•3 days ago

Rivian!

kerotwzar21.bsky.social•4 days ago

Until you can get rid of the tesla may I suggest

https://f3lon.com/products/i-identify-as-a-rivian

profusional.bsky.social•4 days ago

It will never matter re the board. They surrendered their fid duty a decade ago. The only thing that would do this is shareholder lawsuit cuz the SEC ain't gonna do shit.

bladebunny.bsky.social•4 days ago

Silly. Their primary obligation is to enrich Board Members and Corporate execs at the expense of shareholders and employees. Bonus points if they can get taxpayers to underwrite it all.

slimhickman.bsky.social•4 days ago

seems likely this was the plan all along.

marietoto.bsky.social•4 days ago

There’s something about the “richest man in the world” moniker that seems to stop people in their tracks. The American cultural worship of Daddy Warbucks who will rescue orphans whose parents’ labors he exploited in the first place 🙄

naveman.bsky.social•4 days ago

He’s made a lot of them rich by manipulating the stock to get it to where it is today as a highly overvalued public company. For that their allegiance is to him. Aren’t some of them his relatives as well?

throwingschlitz.bsky.social•4 days ago

It’s way to late for that. Musk still being CEO is largely irrelevant at this point. They’ve burned any goodwill they had from their customer base and the people who are pissed are out for blood.

When Tesla gets sold off for parts probably the only thing anyone will want is the charging network.

patricmcelroy.bsky.social•4 days ago

Tesla board approved a $50B (with a ‘B’) pay package for that greedy no-skill motherfucker.

They are empty suits. They are already not fulfilling their fiduciary responsibilities….