Casino economy based on griftonomics

  • teft@piefed.social
    link
    fedilink
    English
    arrow-up
    14
    ·
    19 hours ago

    The guy “threatens” the company by saying he’ll leave and the company’s response is to give him more money? What the fuck do guys like musk and trump have on these people that makes them unable to say no to them? If someone threatens me I’m going to tell them to pound sand even if the thing they are threatening to do to me is good for me. I don’t take well to being threatened. Once you capitulate with someone like that it’s like bargaining with terrorists, it’ll be death by a thousand cuts since they know you will capitulate again. You can’t win by being a fucking Neville Chamberlain.

    Have some fucking principles. He is one man. He isn’t some super genius making your business glorious. He’s a fucking nazi piece of shit draining you dry. Kick him to the curb and do actually good things for society.

    • assembly@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      19 hours ago

      Tesla isn’t trading on any kind of fundamentals so most of them know it’s a meme stock that is tied into the Musk cult of personality. What that means is that none of them want to be left holding the bag and if Musk leaves, the bottom drops out. The 1 trillion dollars is a ransom as Musk knows that if he leaves, the stock will drop until it reaches its real value. These members of the board and large investors are like hostages trying to negotiate with their captor. The bars keeping them in place are made of greed. They could cash out at any time really but they won’t.

      • GrindingGears@lemmy.ca
        link
        fedilink
        arrow-up
        3
        ·
        16 hours ago

        I’m just a broke boi, and even I won’t go near this piece of shit stock. It’s Fantasyland. I get why institutional investors were in on it, like it has a meteoric rise, and the ones that were in did a great job of calling it, identifying it, and riding the wave.

        I dont think there’s any wave left to ride though. No one serious should be involved in this company. I say that as a customer too. I love my Tesla, what a fantastic car. But even I’m not buying another one, and I’m not giving them anymore money. My whole neighbourhood will burn me like a witch if I even thought of doing so. Old ladies flipping me off on daycare runs and stuff like that, who needs that noise?