Trying to take the money and run before the stock price takes its long journey back to reality?
this post was submitted on 14 May 2024
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[Dormant] Electric Vehicles
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He needs to pay off his Twitter gamble.
Pathetic.
They just laid off 10% of their workforce (14k jobs) and slashed almost all new job postings to cut costs but they're spending money on Twitter ads?
...to justify giving $55B to Musk. Not even advertising their products or services. Just to satisfy Musk.
$55bn, which is more money than Tesla has ever made in its entire existence.
I mean who currently owns Twitter? It's just another way for him to siphon money out of that company and it can't get worse for him anyways.
It's a shit move and the board that allows this are beyond saving but for Elmo and Elmo alone it makes sense.
Correction:
Phony Stark has directed Tesla to [spend] ad money to influence shareholders approval of Elon Musk’s $55B payday
I have a hard time not comparing him to the movie version of mysterio, I'd give him a little competency but he's so thin skinned and wants to be the hero too badly while standing on the shoulders of others
The tale of Elon will be retold to our children for years to come about how billionaire philanthropists were incredibly dumb. How they squandered all their good faith and love for a payout before they cut and run. Never forget the tale of Elon, a man who could not tell right from wrong. He wanted to save us from a future grim as long as it was saved by him.
... Philanthropist... Really?
Can anyone explain these genius moves by Elon?
Simple: Elon want money
I voted against all board proposals (like I do with most of my stocks) for all the good that'll do. I hope institutional investors also shitcan the board's horrible ideas.