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submitted 1 year ago* (last edited 1 year ago) by babysandpiper@sopuli.xyz to c/economics@lemmy.world

KEY POINTS

Elon Musk said he would form a new political party called the “America Party.”

Tesla shares fell Monday after Musk’s announcement.

Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.

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[-] Archangel1313@lemmy.ca 39 points 1 year ago

They should be seriously considering firing this fuck, by now. Everything he's done for the last couple of years has cost his investors money.

[-] athairmor@lemmy.world 31 points 1 year ago

I’m happy to see the company go up in flames. Anyone still holding positions in TSLA deserves whatever happens.

[-] homesweethomeMrL@lemmy.world 14 points 1 year ago

Hahahaha - have you seen “the board”? It’s several bought-and-paid-for dipshits and members of his family. He’ll make a good decision before they oust him.

Not happening. Never (unless it’s part of a scam, then yeah sure why not. Gotta fleece the stooges).

[-] Archangel1313@lemmy.ca 7 points 1 year ago

Then it sounds like it would be a slam-dunk to prove in court, that the board is no longer honoring its fiduciary duties to its investors.

[-] homesweethomeMrL@lemmy.world 1 points 1 year ago

Yep. Good luck!

[-] magnetosphere@fedia.io 3 points 1 year ago

I just want him to shut up and go away. Being fired would just give him more attention, and something else to whine about.

[-] Archangel1313@lemmy.ca 5 points 1 year ago

It would also greatly diminish his financial holdings...which would knee-cap his ability to actively fuck with society.

Won't happen. His board are all sycophants.

[-] Archangel1313@lemmy.ca 5 points 1 year ago

Then Tesla's investors should organize a class action suit against the board, for acting against their best interests.

this post was submitted on 07 Jul 2025
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