Tesla Board Opened Search for a CEO to Succeed Elon Musk
(www.wsj.com)
from cyrano@lemmy.dbzer0.com to technology@lemmy.world on 01 May 05:33
https://lemmy.dbzer0.com/post/43304671
from cyrano@lemmy.dbzer0.com to technology@lemmy.world on 01 May 05:33
https://lemmy.dbzer0.com/post/43304671
cross-posted from: lemmy.dbzer0.com/post/43304669
threaded - newest
Next weeks news: Tesla board members all die in tragic autodrive mishaps.
All have their X accounts barred for promoting hate.
How about a potato? On the minus side, it doesn’t do anything, but it has the advantage of not being an utter piece of shit that does nazi salutes.
<img alt="" src="https://lemm.ee/pictrs/image/efde5b40-235e-4166-8126-33623a212b63.jpeg">
Still less of a nazi.
Her neurotoxin doesn’t discriminate
Reinstate Eberhard and Tarpenning.
You know, the actual founders, who got forced out after the fascist Afrikaner failson pulled the same corpo tissy tantrum bullshit he did at Paypal?
All Musk did was follow the general strategic plan for the company that Eberhard and Tarpenning had laid out.
Then, when that outline was run out, and Elon had to actually think of something else, it all became a total shitshow, quite rapidly.
UnPaywalled
Fucking finally
ft.com/…/60c778d4-9e1a-41e0-a1f4-8e0ba797954b
Tesla board denies launching search for Musk’s successor
archive.today link
So a few possibilities.
None of those are mutually exclusive.
This should have happened awhile ago. Lots of good people work at Tesla and I’d like to be able to buy an American made electric without worrying about vandalism or worse. Yeah there are a couple of other options but this should be one too.
I mean, just because Elon won’t be CEO anymore doesn’t mean he won’t be getting funds from it to fund his bullshit. He’s still an owner of it…
he’s a minority owner, don’t think he himself even holds a majority of voting shares outright–there’s some bullshit and shenanigans going on that gives him the ‘control’. iirc, it requires near-90% approval of all non-musk held voting shares to make ‘major’ changes like ousting a board member or ceo. that’s why he’s still ‘in charge’
No, you’re thinking of News Corp and Murdoch’s shenanigans.
Tesla has a standard structure. He doesn’t own a majority of shares, but he does own a significatn percentage and investors aligned with him combined have enough for him not to be at any significant risk.
The directors however have a fiduciary duty to act in the interests of all shareholders, so going through the motions of considering a replacement ticks that box.
Spoiler, assholes own everything. Good luck finding products that don’t make people you hate richer. Yeah you can find small niche products like beard wax from a local guy, but a car? Please tell me about a great car company.
For me there’s a big difference between funding someone anonymous (to me) who might be an asshole vs someone known to me who definitely is. I can tolerate the former, but not the latter.
It really is, knowingly supporting someone who is openly evil, is obviously worse than unknowingly supporting someone who is evil, but tries to hide it.
We should not let people be openly evil, it just feels like a real stupid move.
Well, Tesla ain’t a great car company, that’s for sure
Their products are shit
This won’t actually work, but you can’t blame them for considering it.
I’ve been expecting this for a good while.
Rule #1 Never believe his announcements. They may be true or not.
Rule #2 Always assume that most people believe in him and his announcements.
Rule #3 After applying the rules #1 and #2, sometimes you can see what he is trying to achieve with the announcement itself.
Most times it is about inflating his ego. Often it is about pushing (manipulating) the stock market.
So when he recently announced to "be allocating far more of my time to Tesla.” I immediately thought the hell you want to donate them your oh so precious time, again, suddenly (there would even be admitting a fault in it if he actually did), no you just want the stocks to stay up. And so I concluded that he doesn’t feel like taking responsibility at Tesla anymore.
I agree. And there is also a situation like this, where even if the claim is truthful, It doesn’t actually change anything. He could shift from being the CEO to being the number one advisor to the company, and given his ownership, it would still be the same in effect.
If they somehow manage to make Musk sell his shares, Tesla might become a viable company again.
Until then: I don’t care.
Do you know the saying, the revolution devours all its children.
The electric car revolution is over. Tesla is over.
.
Ah yes, I forgot that the USA is the only country in the world, my mistake.
Huh? EVs are more popular than they have ever been, and most of the developed world is edging ever closer to ICE bans for newly sold cars (most are 2035).
Why are you being so ideological about the fuel type people’s cars use?
What I am saying is the other way round: The revolution is no revolution anymore, EVs have become normal things. Therefore nobody needs any super special niche products, overpriced but lacking most of the qualities that normal cars have - a.k.a. Teslas, anymore.
Idk, even before Musk went full meth head things were already heading south pretty fast - they’d completely squandered their first mover advantage and their “move fast and break things” approach was really starting to take a toll on their brand reputation. Teslas were already starting to be known as expensive cars with terrible build quality, then the constant delays and broken promises about self driving did them no favors either.
A Tesla made sense when they were pretty much the only really viable luxury EV, but when you can get equivalent cars (with better build quality) from established Western manufacturers for ~75% the price or from a Chinese manufacturer for ~60%, what advantage do they have?
Musk’s cult of personally is/was a big part of it, so they are kinda screwed either way - the stink of Musk won’t instantly vanish if they get rid of him, and taints everything while he stays
Yeah I think they would have had to slow down or stop sales and make a big deal about reworking their production lines for better QC. Then come back a year or two later with actual improvements. I think Tesla probably have enough brand recognition that they can survive without Musk so hopefully they kick him out.
I think the US car industry as a whole is due for a major price adjustment, so I kind of see that as it’s own issue. Car prices need to be cut at least in half to make them practical as utility items. We’re being asked to drive vehicles that costs as much as a house did 30 years ago, and are approaching the same size, on the highway and leave them parked inches from each other.
The initial cars were the worst (cyber truck excluded) and they had hardware store bodge jobs and overly complex mechanisms. But by the Model 3 they had revised a lot of the problems away, especially on the Model S.
They were still never built like a Mercedes (or even a VW), but they had improved a lot of the early issues. Then Musk got even nuts-er
It really shows how good traditional vehicle manufacturers actually are and the whole worth of Tesla is basically a meme stock. Toyota, Mazda etc are still making cars that run almost new 10 years later.
The magic of Tesla was that they’re constantly iterating on the same model. The first 1000 teslas and the last 1000 teslas have nothing in common, not a single part. I don’t know how it is now, I stopped caring when Elongated started to show his true colours, but before that Tesla’s model actually had merit and gave them huge advantage.
Introducing the Tesla phantom zone cyber prison first and only volunteer - Elon!
Paywall
Learn to jump the wall lifehacker.com/how-to-bypass-a-paywall-to-read-an…
If and when that cunt leaves you people need to continue the Tesla boycott. The message should be that association with Elon is damaging long term to a company. And not that Elon will bring publicity and notoriety to your company which can be turned into sales and increased market shares long after he’s left. Because that’s how these idiots think. They’ll happily accept short term loss if they think the bounce back after he’s gone will net them even more.
His brand is toxicity so don’t support any company that works with him. Ever. Treat him like a rapist. Actually maybe that’s a bad idea… if you treat him like a rapist the US will probably elect him their next president 💀🇺🇲.
This has been directly refuted by the Tesla board, who even told the reporters that it wasn’t true when they were asked before the article was published……then they published it anyway and didn’t include the boards comments lol
Source on that? Just to corroborate
x.com/tesla/status/1917812113315074055
When Tesla wins a civil suit about this story, then I’ll believe they’re not lying.
So you will believe a rumour based on nothing but won’t believe the board of directors denying said rumour unless they sue? What kind of crazy mindset is that?
Says Tesla. You’re a fool if someone saying “nuh uh!” is good enough for you. Especially when its the reputation of the WSJ vs. the reputation of Tesla.
Tell me you know absolute dick-all about corporations, without telling me you know dick-all about corporations.
I’ll give you a hint: what do you think would happen to the stock price of literally any company if the board confirmed they were ousting the CEO before the CEO was out? My dude, your native Australia has a better chance of eliminating every single venomous critter on that island than any corporate board admitting that. And that goes double for the single most overvalued stock on the planet, whose price is driven solely by the hype man’s promises.
So yes. If and when Tesla sues the WSJ, and wins that case, then I’ll believe they were right. Until then, I’m going to treat them like the lying Nazi-enabling shit car company they are.
So I’m a fool for believing the board members, but you’re not the fool for believing some random journalist printing a rumour with no sources, with nothing even remotely supporting it, who reached out to the company for comment and then refused to print their comment denying it, and printed the unsubstantiated rumour anyway?
I’m assuming you were using this as a way of defending the WSJ, but it really doesn’t.
No comment. No reply. An outright denial leaves them open to all sorts of lawsuits if they then go and do it.
Your understanding of what companies can and will sue for is remarkably bad.
.
I hope they’re not lying with the denial. If he stays, it’ll drive left wingers to other options, increasing competition. And it might even drive right wingers to start buying EVs in quantity. 😁
I saw a tree with s few broken branches. Yeah a Christmas tree from last year. Could it run for CEO? I asked if he could please insult a minority group and it said nothing. I asked if he could share secrets and also nothing. It is perfect for the job! It used to be green and it would appreciate some green $$ just like a CEO.
I, the MuskyMelon, officially announce my candidacy for CEO of Tesla!!!
As CEO of Tesla, what will you do differently?
Keep your answer under 5 minutes
I’d do everything exactly the same, but not be a public assholes.
You’re hired
Get rid of the Cyberduck
Fix open issues with existing cars, not come up with new shit to avoid fixing stuff.
E-muscle car.
Too expensive! Let’s run a campaign saying real Americans buy teslas!
Add LIDAR to all new cars and figure out an upgrade for older ones.
I’d vote for you if I could! Tesla could be alright without Musk, but it’s a long, uphill drive from where they’re at now.
Hi, I’m Lone Skum and totally not Elon Musk with a moustache !
<img alt="“a guy who is totally not homer simpson wearing a suit and a mustache looking indignant”" src="https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi.redd.it%2Fizmr53h1cyh11.jpg&f=1&nofb=1&ipt=806adb77c169caded8cab58c049c24298caa05d1766d7c8862548dbc966e1929">
does it matter? he stacked the board with his corporate yes men.
Who gives a shit? Fuck Tesla, fuck Ellen Musk.