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‘Hurting Tesla is stopping Musk’: Protests outside Bay Area showrooms seek to dissuade buyers
(www.sfchronicle.com)
this post was submitted on 16 Feb 2025
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politics
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While I support this, I am fairly certain that Elon doesn't care. The value of Tesla stock has very little relationship to their ability to sell cars to consumers. He killed the attempts at making a more affordable car that could get much wider adoption by the public in favor of big ugly toys for the wealthy and pivoting towards fleet sales. And that was before he was in a position to basically just tell the government to throw money at all of his various businesses.
In fact, I don't think Tesla dissolving as a company would be enough to slow Musk down at this point. Not when his shitty AI company will be getting paid to replace federal workers, and he has blank checks from NASA and the DOD to prop up Space X. And just wait until Xitter becomes the preferred payment system of the federal government.
Tesla stock makes up a big portion of his net worth. The recent drop in the stock price has wiped $12.5 Billion off his net worth. According to Forbes' calculations his net worth has dropped $42.8 billion since the end of January.
He's still ridiculously wealthy, but hurting his companies will definitely be something he cares about.
Tesla is most of his personal wealth, it would matter to him. It just might not stop him.