this post was submitted on 07 Jul 2025
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Economics

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KEY POINTS

Elon Musk said he would form a new political party called the “America Party.”

Tesla shares fell Monday after Musk’s announcement.

Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.

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[–] Archangel1313@lemmy.ca 39 points 1 day ago (4 children)

They should be seriously considering firing this fuck, by now. Everything he's done for the last couple of years has cost his investors money.

[–] athairmor@lemmy.world 31 points 1 day ago

I’m happy to see the company go up in flames. Anyone still holding positions in TSLA deserves whatever happens.

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

Hahahaha - have you seen “the board”? It’s several bought-and-paid-for dipshits and members of his family. He’ll make a good decision before they oust him.

Not happening. Never (unless it’s part of a scam, then yeah sure why not. Gotta fleece the stooges).

[–] Archangel1313@lemmy.ca 7 points 1 day ago (2 children)

Then it sounds like it would be a slam-dunk to prove in court, that the board is no longer honoring its fiduciary duties to its investors.

[–] MotoAsh@lemmy.world 7 points 1 day ago* (last edited 1 day ago) (1 children)

lol you think any court in this farce of a country holds the rich to account?!

As a certain scorpoin would say, "lol, lmao"

[–] Archangel1313@lemmy.ca 4 points 1 day ago (1 children)

Which "rich" are you talking about? The one rich guy in charge...or the many rich people that are watching their investment bottom out, because of him?

[–] homesweethomeMrL@lemmy.world 1 points 1 day ago

Yep. Good luck!

[–] magnetosphere@fedia.io 3 points 1 day ago (1 children)

I just want him to shut up and go away. Being fired would just give him more attention, and something else to whine about.

[–] Archangel1313@lemmy.ca 5 points 1 day ago

It would also greatly diminish his financial holdings...which would knee-cap his ability to actively fuck with society.

[–] neukenindekeuken@sh.itjust.works 2 points 1 day ago (1 children)

Won't happen. His board are all sycophants.

[–] Archangel1313@lemmy.ca 5 points 1 day ago (1 children)

Then Tesla's investors should organize a class action suit against the board, for acting against their best interests.

[–] MotoAsh@lemmy.world 4 points 1 day ago* (last edited 1 day ago) (1 children)

Nope, they already approved a massive payday to Musk specifically. Please explain to me how rewarding ANYONE millions or billions of dollars is EVER a financially smart move. Yet they didn't get in trouble for it.

What you need to learn is that this country is ALREADY bought and paid for by the rich.

[–] Archangel1313@lemmy.ca 4 points 1 day ago (1 children)

And yet, he's costing the rich a ton of money by tanking the value of his stock. That should take precedence over whatever "the board" decided to give him. The investors are the priority in a capitalist system...not the board. The board's job is to maximize investor returns. That's all.

[–] MotoAsh@lemmy.world 1 points 14 hours ago* (last edited 14 hours ago) (1 children)

I agree that should be the case, but the US "justice" system and rich fucking morons in general have made it VERY clear they're not interested in making logical decisions.

Otherwise all those fucking idiots and elon himself should be hanging from the nearest tree for being the brainless cultists they are.

[–] Archangel1313@lemmy.ca 0 points 13 hours ago (1 children)

So you think rich people don't care about losing money? I'm not sure you understand what I'm talking about.

[–] MotoAsh@lemmy.world 0 points 13 hours ago

Yes, I'm telling you he demonstrably is getting away with it.