Economics

896 readers

114 users here now

founded 2 years ago

425

Tesla loses $68 billion in value after Elon Musk says he is launching a political party (www.cnbc.com)

submitted 2 days ago* (last edited 2 days ago) by babysandpiper@sopuli.xyz to c/economics@lemmy.world

61 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] 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?

[–] MotoAsh@lemmy.world 1 points 19 hours ago

Yes.

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

Yep. Good luck!