- cross-posted to:
- LeopardsAteMyFace
- cross-posted to:
- LeopardsAteMyFace
Summary
Tesla investors, frustrated by the stock’s decline, are demanding accountability from Elon Musk, who recently illegally demanded federal employees justify their paychecks.
Shareholders took to Musk’s social media platform X, asking him to similar list his contributions to Tesla.
The stock has fallen for six straight sessions, underperforming the Nasdaq.
Meanwhile, Musk faced backlash for overstepping in government affairs, forcing Trump to smooth tensions.
Tee investor class has pretty much all of the money now, so the goal isn’t to make a product that makes a company revenue anymore. The goal is to convince investors that other investors will put money into a company. Tesla is very successful at promoting itself as a company that’s going to come out with some nebulous product that will be a game changer. They don’t need to actually do this, or even be able to convince people they will do this. They only need to convince investors they’ve successfully convinced the Greater Fool that Tesla is going to do something big someday.