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Tesla’s massive 71% profit loss pushes Elon Musk to limit government work with DOGE
(sinhalaguide.com)
this post was submitted on 06 May 2025
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Honestly, I'm shocked there hasn't been a shareholder lawsuit about the Tesla board's continued support of a CEO who is clearly a liability to the company.
I think they're in a dicey spot because any investor understands that Tesla is way overvalued, due to its status as a meme stock.
So sure, get rid of Musk for the sake of the business, that does sound like obviously the right move...but at the cost of utterly tanking the share price? Not likely. And make no mistake, getting Musk out of Tesla totally reverses the meme stock status.
Edit: better vocab
Super dicey spot. I expect they’re watching very closely, though. The moment Musk’s presence becomes a long-term net detractor he’s done. Right now there are too many questions still unanswered - does his DOGE stuff (I can’t bring myself to call it “work”, sorry) and closeness to a not-uncorrupt administration benefit Tesla in some way? Does the Cybercab launch deliver on the hype? And does the new Model Y reclaim the spot of best-selling car in the world, making the case for the production-switchover leading to a drop in sales, or is there no way back to the top?
Money talks, and right now money is watching and listening. Jobs was fired from Apple, remember.
It's over valued and Elon owns 51% IIRC. So if they kick him out, he sells it all and tanks the value even further.
He owns 13%. Still significant, of course. But it's very unlikely he'd sell them just for payback, since that would massively impact his own wealth. https://www.investopedia.com/articles/insights/052616/top-4-tesla-shareholders-tsla.asp
Exactly, Tesla isn't a blue chip like other car manufacturers, the investors interested in Tesla are speculators.
It's one of the many problems with idiotic speculative bubbles. You can't slowly shrink them, they only pop. I might be totally wrong about that, I don't have an actual background here, but it sure seems to be what I've seen in life.
That could be survivorship bias, though. You're much more likely to hear about a catastrophic bubble burst than a more responsible executive focused on sustainability reining it in to a less volatile state over a period of years.
I was thinking about that, can't think of any examples off the top of my head, but you're right, if it were done successfully, it wouldn't be something most of us would ever talk about or be aware of.
I do think it generally holds though, there's a reason the word for the phenomena is "bubble" and not something more suggestive of controlled deflation.