this post was submitted on 20 Mar 2025
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[–] logicbomb@lemmy.world 187 points 1 day ago (11 children)

Tesla could solve most of their problems by firing Musk. Any other public company whose CEO makes a very public Nazi salute would fire that CEO.

Yes, he'd still be a large shareholder, but I think simply getting him out of the company would give a lot of people the sense that he faced some personal consequences for his actions, and that any companies who deal with Musk will also face consequences.

[–] Ashenlux@lemmy.blahaj.zone 2 points 5 hours ago (1 children)

I think him being the shareholder is the problem. I don't care if we was to step down as CEO, I want to see him hurt financially. Especially since he bought twitter off his Tesla stocks. Hit his stock hard enough and when it comes time to pay for twitter, he'll be fucked.

[–] logicbomb@lemmy.world 1 points 1 hour ago

You're right, but I suspect most people wouldn't see it that way with regards to Tesla. Depending on the terms of his current compensation package, I suspect it would be better for him financially if he just stepped down and held onto the stock.

But he's such a narcissist that he'd never do that.

[–] AizawaC47@lemm.ee 1 points 5 hours ago* (last edited 5 hours ago)

If they fire him as the CEO. Now that would be interesting to see the turning events of that whole company. It would definitely salvage the massive amount of loss within their company. Which is insane because they would just have to fire Elon as the CEO. But I don’t know if they can salvage the company because the reputation of it all. The damage is massive.

[–] Jhex@lemmy.world 3 points 8 hours ago (1 children)

Tesla could solve most of their problems by firing Musk.

They could have done this a LONG time ago... now the damage is done. Nobody would care he is no longer CEO (although that may help Tesla develop better cars), people are not going to want to drive a Swasticar anyway nor give money to a literal Nazi

Short of selling all his stock and completely disappearing from the public eye, Musk completely destroyed Tesla. There are simply better options that do not include helping/associating with a Nazi

[–] bstix@feddit.dk 8 points 18 hours ago (3 children)

Yes, he'd still be a large shareholder

If they fire him, he would sell. This would tank the stock value.

They're damned if they do and damned if they don't.

[–] PersnickityPenguin@lemm.ee 1 points 28 minutes ago

His family members and deep associates are on the board, they voted to pay him $55 billion. They're all corrupt.

[–] AA5B@lemmy.world 2 points 10 hours ago
  1. Large shareholders can’t just sell. There are rules to prevent stock manipulation
  2. He’d be the first victim of tanking the stock. Not in his best interest
  3. He can’t sell any shares used for collateral
[–] ripcord@lemmy.world 11 points 18 hours ago* (last edited 18 hours ago)

The stovk price is also all vibes based around him.

Edit: he wouldn't sell, though. He couldn't sell that much. He also has a bunch of loans leveraged against his stock aa collateral. Those collapse if the stock price collapses.

[–] mooncake@lemm.ee 25 points 1 day ago (1 children)

Id rather just see Tesla burn to the ground.

[–] Wilco@lemm.ee 10 points 21 hours ago (1 children)

It won't.. they will bail it ot with taxpayer money. Like it or not every US citizen will buy some Telsa stock (but never own it). Capitalism for thee, but communism for me if the business fails.

[–] Jhex@lemmy.world 2 points 8 hours ago

Good, let the USA burn their money and tank their economy bailing out a company nobody would buy a car from

[–] Reverendender@sh.itjust.works 81 points 1 day ago (1 children)

We should give Elon more billions as an interim bonus instead.

-The Tesla board, probably

[–] WhatAmLemmy@lemmy.world 36 points 1 day ago* (last edited 1 day ago)

The companies board and senior leadership are his family and loyalists, therefore the company is fascist and should be destroyed, regardless of Space Karens involvement.

[–] halcyoncmdr@lemmy.world 53 points 1 day ago (1 children)

The board is filled with family and close friends. They'll protect him as long as possible.

[–] corsicanguppy@lemmy.ca 22 points 1 day ago (1 children)

They'll lose the ship to save one expendable captain.

[–] floofloof@lemmy.ca 26 points 1 day ago* (last edited 1 day ago)

If they're so determined to protect their Nazi captain, perhaps they deserve to lose the ship.

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

Yes, he’d still be a large shareholder, but I think simply getting him out of the company would give a lot of people the sense that he faced some personal consequences for his actions

On one hand, that might indeed satisfy a lot of the public. On the other hand, we ought to consider that a bad outcome because the real goal should be to tank TSLA to the point that Musk's holdings no longer suffice as collateral and he's forced to sell Xitter.

[–] bitchkat@lemmy.world 1 points 14 hours ago

He would need to get rid of his stock before I even consider buying from any of his companies' products.

Not getting starlink for my van. I guess I'll have to stick close to cell towers on work days.

[–] Aurenkin@sh.itjust.works 16 points 1 day ago

Exactly, Musk needs to go. Even apart from his abhorrent behaviour this dude supposedly has so many jobs, how can he possibly be doing them all to a reasonable standard let alone one deserving of his insane compensation.

[–] Albbi@lemmy.ca 8 points 1 day ago (1 children)

I wonder how much money firing him would cost. The initial pay package was a stupid $56 billion. They'd probably have to pay pretty much that amount, and then hire a new CEO still.

[–] kautau@lemmy.world 16 points 1 day ago

Even after losing 50% of their value their market cap is still ~750 billion. They’re still valued at nearly 3x what Toyota is, and leagues above any other auto manufacturer. Their investors won’t do anything until they lose way more value, sadly.

[–] Mac@mander.xyz 2 points 1 day ago

And ending production of the Swastitruk would help.