this post was submitted on 04 Mar 2025
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This is technically not true. The board keeps Elon Musk on as CEO of Tesla, and they granted him the biggest bonus package ever, while he was already very controversial and clearly was losing his mind, because they thought he would be able to make them money.
You are 100% correct. They knowingly doubled down on him. They can all ride his coattails straight to hell.
You're right, that's not just technically untrue. The board voted with their wallet, by giving him even more money than ever, so he could continue doing what he is doing. The people on the board wouldn't give a shit if only Nazis buy their cars, as long as there's enough of them to keep buying.
Well joke's on them though, because it seems Musk has found a way to tap US citizens directly, so he probably doesn't even care much about Tesla anymore now that it is failing.
I think his worth is mostly attached to Tesla stocks still.