If Elon is kicked out of Tesla then it’s the first step towards Tesla stock being valued like a car company instead of massively overvalued like a speculative tech company. Share holders need to avoid that at all costs since that will result in a 5-8x drop. That’s why his insane ask for $56B wasn’t just laughed off. He knows he has leverage over them - they stand to lose more than 56B if he leaves. The problem is that while he stays, he 1) can’t shut the fuck up and 2) does dumb shit like this on a whim.
If Elon is kicked out of Tesla then it’s the first step towards Tesla stock being valued like a car company instead of massively overvalued like a speculative tech company. Share holders need to avoid that at all costs since that will result in a 5-8x drop. That’s why his insane ask for $56B wasn’t just laughed off. He knows he has leverage over them - they stand to lose more than 56B if he leaves. The problem is that while he stays, he 1) can’t shut the fuck up and 2) does dumb shit like this on a whim.
Well then, its a case of fraud that, when it compounds, will be unlike Enron. It will probably impact the market dramatically.