To be fair, there is market space for an auto brand that skews wealthy troll — and Musk has been an overall driving force in his time leading Tesla — but it’s tough to see the shareholder downside to Tesla moving on to its next phase. Heck, they might even decide to hire some top marketing people.
Elon doesn’t command the same respect he once had. Too many missteps and bad takes. You’re already a billionaire. Take the win and move on.
No you see he needs the money to pay for his twitter idiocy
He probably be better off financially if someone competent ran Tesla. Also if the company didn't have to pay anyone $56 billion.
They could take $1billion and hire a handful of competent executives
Anyone at this time would be better than him. I have no experience as a CEO for Tesla and could do a better job. And I would be ok with a million a month..
First day on the job: "Can we make sure the cars won't kill or maim people? Thanks I'll be in my office."
I also would!
Although I'd probably wake up from a cocaine bender a week in find that the company's entire monetary value was now dedicated to lobbying for more federal public transit funding and telling Kathy Hochul to go fuck herself for delaying congestion pricing in NYC. Still, that'd be a more profitable use of that money than paying Elon $56 billion dollars so he could throw it down a pit.
Jeez, I read it as 56 mil and was like wtf just pay him it, its hardly anything relative to Tesla. I missed the b
“Money is just a tool to further humanity…’s bigotry”
I'm sure Russia and China already reimbursed him for the purchase.
Pretty sure he owes a lot of money to all of the dictatorships.
i think russia, he was selling teslas there and getting cheap metal imports.
Saudis also invested. He also has dealings with CCP to try to get his cars there. I don't doubt he had some capital from them, too.
He's literally why Tesla sales are down. His personality destroyed the brand.
I mean that, yes… and the cyber truck.
It was his pushing that got the cyber truck into production soooo….
And now for some, pushing is the only way their cyber trucks move
I would love to see Elon pushing one of these and saying, "Vroom, vroom! You have to make your own sounds because it's electric."
“Cyberpushies” … take my upvote!!!🤣
Pushing voids the warranty
you realize the Incel Camino as it is known to the general public is more of a joke than a status symbol........riiiiiigggghhhhtttt!?!?!?!?!
The cyber truck is just an extension of his personality.
Ugly and largely useless?
Don't forget the terrible lines.
And doesn’t fit in any conventional space?
His designers begged him to go with a different design but he told them to fuck off and went with the piece of crap
“Elon Musk is a… brilliant man with lots of well thought-out, practical, ideas. He is ensuring the financial security of the company for years to come. Oh, and his personal hygiene is above reproach.”
Why is it that rich people don’t bathe
hes on ketamin and wine binges when hes on a depression phase.
“I want a horn here, here, and here! You can never find the horn when you’re mad. And they should all play La Cucaracha!”
Malformed.
Kinda odd and interesting at first glance but annoying and costly the longer you have your deal with it
There are a lot of things to say about his personality, but "looks like a cheap special effect from a bad 1970s sci fi movie" isn't one of them.
I swear, the cyber truck is the physical manifestation of his ego.
Ego and incompetence. Like pretty much all of the 1%er class this guy was born on 3rd base and convinced himself he hit a home run.
.. convinced himself he hit a triple. ;-P
Which was totally Elno forcing his vision on the company.
Didn’t he fire a bunch of his engineers that told him that the cyber truck was stupid and a bad idea? This was his personal pet project that he fought his own team to make happen
Maybe but can we admit that Tesla stock had more hype than a meme stock? Their valuation never held water
I have been in the ev market for months now and if his name is washed form Tesla they would move to the top of my list instead of not on it at all
SAME
My boss used to drive his every day, brag about it non fucking stop.
I haven't seen the thing in months. Now its a Mercedes and a Lucid.
Hasn’t done Twitter any favors, either— and no, I refuse to refer to it by his new name for it
Translation he is an idiot that believes in his own mythology
I would personally consider buying a Tesla and investing in the stock if he stepped down
Why outside of the cybertruck and the semi they didnt have no New Model since 2019. Just buy a newer and better e car for that money.
At this point I’d still have difficulty reconciling buying a Tesla unless he got rid of his stock. Doing anything that seems to contribute to him having more wealth feels gross
It still have to wait and see how his departure changed things because he'd still be a major stockholder and therefore making money off my purchase.
Elon stepping back would be step one.. I'd then want to see if their culture changes.. like an end to the union busting, and and end to the voluminous complaints (and open lawsuits) about racism tolerated in Tesla plants.
I was actually just thinking... if he steps down I could see the stock take a big surge upwards
For me he’s always been like this. Check out Thunderf00t on YouTube and he makes musk look like a joke
He has been warning everyone for like a decade. He does get annoying though.
But he probably feels he's not billionaire-ish enough.
Tesla management do a happy dance before doing serious face.
"So sorry Elon. Our hands are tied..."
"I see this as an absolute win" - Every Tesla investor in the world right now
Let the post-Elon era begin
Elon’s fan base hates electric vehicles. He’s a liability at this point. They need to cut all ties to him and double down on their environmental friendliness messaging. Build quality and quality of life features would also be a good start.
I genuinely doubt they can salvage the image of the company after the last couple of years. Definitely not fast enough to make up for the losses from people choosing better options or avoiding the company because of him couple with the people who bought cybertrucks only because he let them say slurs oj twitter.
Don't threaten us with a good time
Nailed it
I was going to say, they save billions and get this halfwit to step back? Whats the warning for?
Tesla board: "Please no, don't threaten us with a good time"
Stop threatening us with a good time.
Would that be a bad thing? 👀
OK. Feel free. He didn’t invent Tesla. He just bought his way in and onto the board and then fired Marc Tarpenning and Martin Eberhard.
Sued. He sued his way in.
That’s what I meant.
Same thing when you're rich
So this noisy fascist git would spend even more time on Xitter, less time making cybertrucks if he isn't given a wad of cash.
What's the downside for Tesla shareholders?
He could start ruining his last seemingly successful company then.
It's already ruined, about 2 months back they laid off 1400 workers.
SpaceX? I didn’t know.
Tesla
You missed the point.
He move on to ruining hus last seemingly successful business. The commenter meant SpaceX. The joke being Tesla is already shite. Which it is.
Ah, i think you are correct about me missing the point
Correct. Musk and Trump have so much in common tbh. Except that Musk still has many billions. On paper, anyway.
When I said his last „successful“ company I meant SpaceX, implying that Tesla was done for already. 😁
Pretty sure SpaceX is a lot more shielded from his decisions, Tesla less so, and Twitter not at all. You can see the varying degrees of shitshow that brings.
So he’s blackmailing his shareholders?
More like this:
Elon: "Screw you guys, I'm going home" Tesla Shareholders: "Bye fat ass"
He has cost TeslA soooo much since he torpedoed Twitter. It is hard to understand how he wasn’t fired, so a bonus of $55b is just madness.
Elon is not fat, he just got big bones!
It's not blackmail. It's negotiation. An employee is threatening to quit if they don't get a bonus. It's pretty normal. The only uncommon part is doing it right after you bomb your review.
Now imagine any regular employee at a regular company pulling this shit.
"Oh yeah, I just tanked my review, but if you don't give me that bonus I'm walking."
I'm pretty sure they would welcome your resignation, or likely walk you out that day.
Wow stepping back? That's probably the best thing that could happen to the company as they would also get to keep the money. I would have thought the deal would have been 'pay me or I stay'.
If he is taking 56bn value from the company, what is the value in him hanging around? His Homermobile has already shown that he is literally as dumb as that.
This is basically corporate robbery. Give him a dollar and the stock he owns. If he wants more move give it in dividends to everyone.
His ass should have been fired many times over. Jesus.
Kinda feels like a win - win here…
So rejecting it solves two problems in one go? Should be an easy one.
Shareholders
So step back, you greedy fascist. Your blunders are harming Tesla, and now you expect 56 billion more? If you can't live off your assets, try applying for food stamps.
And there was much rejoicing…
His current “conservative douchebag” persona seems to be driving away some potential customers, so maybe him”stepping back” would be beneficial for the company?
I just don’t get, at the gut level, why anyone needs 56 billion dollars. I know, I know…it’s a winning move in the dick measuring contest. But really. Why the fuck has our society come to this. People don’t have healthcare; people can’t afford housing, and we are paying people money they couldn’t spend unless they hired each other. It’s disgusting.
We got here because we let the guillotines gather dust.
Perfect. I vote Nay.
I don't see a downside to him stepping aside.
Not sure this is the threat he thinks it is...
I see Tesla Shareholders paying a Tesla salary + the price of Twitter in this headline.
He’s gonna have to step back no matter what, insider trading accusations and all. He’s just covering his ass for when the Shareholders say no. They need to ditch him and rebuild the brand without a psychotic midlife crisis at the helm.
Maybe it will give him a chance to get sober
Can someone explain where this money is coming from? Tesla’s annual revenue is around $13B per year.
The 56B would be in newly generated stock. Basically imaginary money on a ledger that is worth exactly $56B at the time of its written acceptance.
Most Billionaire wealth is not real, but it comes with the exact power and privileges of real money.
Oh, so this is how he exits Tesla with his "win"?
Good to know he does not "face any shortage of ideas and other places he can make an incredible difference in the world", as evidence by how the-site-formerly-know-as-twitter is such a bastion of (not mostly nazis and child porn). /s
Tesla is 100% better off without him as an electric car manufacturer. Shareholders are fucked either way.
Warns = Whines
So save $56 billion and not deal with Musk? Win/Win!
Don't tease me with a good time
Is it just me, or this dude is the biggest Grifter out there?
Oh no! … Anyway…
So let me get this straight, shareholders will save $56billion and get rid of Musky all for the do nothing cost of telling him to fuck off?
He doesn't understand the concept of trying to threaten people with a good time, does he?
Speaking on behalf of the shareholders: “👋🏾 don’t let the door hit you where the Good Lord split you”
So he is basically trying to blackmail his own company into reimbursing his shitty Twitter purchase....imagine that...
No. Stop. Don’t leave.
Oh. Please. Say it isn’t so.
He has a tiny face. And is that other guy his lawyer? He has a tiny little head!
Those people who invested everything in 'my dream' by sleeping at the office with the promise of a windfall later, the people I fired when it became financially expedient? Now those fuckers deserve NOTHING because I had the dream, not them.
Yeah I doubt that. There will be some excuse for why he can't step back. Wouldn't be surprised if it's to find "corruption in the company" ot some shit like that.
Isn’t the idea he already has stepped back and hence shouldn’t be paid like he isn’t spending all day on X and Space X while allowing Tesla’s once dominate EV position to erode considerably.
The problem is the market share for an auto company with a troll as the head doesn't have a lot of crossover with electric car consumers.
Most of the magats I know would rather be buried alive than drive an electric vehicle. So while Musk does appeal to them in his current state as an agitator, they'd still never buy a Tesla.
Musk leaving would probably be best for the company.
Don’t threaten me with a good time
You won’t see this (or anything disparaging about their savior) on r/elonmusk. He can do no wrong in their eyes.
I love stuff like this, because the man is already worth 208 BILLION DOLLARS ALREADY.
Past like, 2 billion dollars, money ceases to have meaning. There’s literally no way any human being could meaningfully spend a billion dollars in a lifetime, let alone 208 of them. Elon Musk’s children’s children’s children will be wealthy beyond their wildest dreams. This 56bil may as well be 5 dollars for as much impact on his life as they will have, and yet, here he is.
I just want to grab him by the lapels and ask why. What could he POSSIBLY gain from pursuing this? Like, it’s not money, at least, not on any by the most technical level, we’ve established this. It can’t be notoriety or renown. And it’s certainly not respect. So why? Wherefore? WHAT THE FUCK ARE YOU DOING ELON?? DO YOU EVEN KNOW?
"That guy works here?"
Don't let the door hit ya where the the good lord split ya!
It may be good for Tesla if he did, but the stock would tank. That’s what he is threatening. But with a significant portion of his wealth tied up in Tesla stock, he is the most exposed. Call his bluff.
Sounds like a win win.
Don't threaten us with a good time!
Yes Elmo, step back, and keep stepping back until you find yourself in the sea with the water level over your eyes. Then step back some more.
Because he's done so well making X profitable...
That’s why I voted no, assface.
Ohpleaseohpleaseohplease...
Please. Don't. Stop.
Good.
Oh no, not everything I wanted.
BYEEEEEE
A CEO’s worst nightmare is people finding out how irrelevant they afe
Tesla board of governors: Promise?
Isn't this the best possible outcome for the shareholders?
He can step his ass all the way back to South Africa.
Don’t tempt me with a good time!
an EV company would be best suited not being attached to a right wing fascist, it's not like the EV crowd is a conservative bunch
Man, all he had to do was be the weird billionaire, not buy Twitter and resist the compulsion to air everything that farts into his brain and we’d just be talking about his occasional bits of futurist jumbo jumbo.
Can someone tell me what this is all about? I don't understand why Elon needs 56 billion.
After the horrible failure of the cybertruck, I’m sure the people at Tesla are jumping in excitement for Elon to piss off
Right wingers love to threaten people with a good time
lmao
Shareholders: Oh no. Don't threaten us with a good time. /s
Great news for shareholders and employees.
“Promises” I can only hope.
96% vote against
You're done. You're fired. Nice knowing you.
Is that a threat or a promise?
“Warns”
Who exactly is he threatening with this?
Oh no, how could Tesla function without the guy who does nothing but cost them billions of dollars?
If only...
He should step back. Like he’s the only one that can run a company into the ground?
Oh noooooo. Anyway.
Warns?? Please step back.
Why wouldn't they want him to step back?
Please do…
Oh no.
Anyway.
Oh no….don’t go…..
Space Karen will take his Tesla and go to Mars.
First: Promise? Second: How far away is "elsewhere"?
Isn't he tweeting like 8 hours a day?
I think he already spends his time elsewhere
Is there any downside to him stepping out? I see that as a win win
Oh the humanity!!!! Anyway ...
Good
Basically it's his MO. Create some outlandish request so that when it's rejected he can point the finger at the other side
"I'm taking my ball (that I bought from someone else) and going home if you guys don't pay me to continue making bad decisions"
I will laugh my ass off if tesla shareholders just let him go. He's been terrible for them lately, and the cybertruck is an embarrassment to the company
Okay, bye! Just don't step behind or in front of or into a cyber truck. I hear they're unsafe.
After the shit show with the cyber truck? He should resign.
Tesla will be better without him. Get a real CEO and cut ties with him. No one on earth is worth 65billion to a company.
"warns" lol from what I've read they would be happy.
Tesla would be better off cutting ties with him completely and getting a functional adult in the role.
Oh no, how terrible.
Anyway.
Cool, maybe Tesla wont die then.
Seems like corporate extortion talk
Don't threaten me with a good time.
Elon: "Pay me lots of money or I'll leave and stop ruining this company"
Does he know how negotiation works?
Ooooh nooooo
So, is he guaranteeing to spend all of his time at Tesla if they DO approve it, or will he continue to spend the majority of his time elsewhere (Twitter, SpaceX, XAI, etc, etc)?
Someone doesn't know how to read the room.
Seriously, Tesla needs to distance themselves from this clown.
And I am ok with that. Voted all my shares to deny the package
But who will align them with white supremacy if they lose their loudest oligarch?
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