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Geoff Anderson's avatar

"This is where the big institutional investors in Tesla faced a dilemma. Do they support the reports and insist Musk should leave, or do they back Musk? In other words, which do they value more: Musk or Tesla?

Almost all of them opted for Musk and backed him as CEO, which makes no sense! Just like Diddy admitting he owned enough baby oil to fill an Olympic-sized swimming pool, these investors inadvertently gave their own game away. It is their ‘running into a burning building to save a houseplant’ moment. So, how do they justify their decision? What hidden truth have they let slip?"

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Uh, the investors are not wrong per se, but the reality is that without Musk at the helm, and his RDF (Reality Distortion Field the size of which would make Steve Jobs blush) Tesla would trade at BEST at a P/E of 7.

No, the board is fucked either way. No wonder why all the insiders are unloading their stock as fast as humanly possible.

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DrBDH's avatar

Reality has a known liberal bias. Any board and any CEO with a fiduciary responsibility to shareholders would be at fault if they acted to harm the company’s value. That’s why Bezos, et al bent the knee to Trump, hoping to avoid retribution. That’s why CEOs are visiting Motel-a-Lago to bribe Trump, hoping he’ll lower tariffs that affect them. (Gov. Witmer did the same to protect Michigan’s auto workers, her constituents.) But Musk went way too far, becoming an active fascist, and now the Tesla board is, as you say, screwed either way. If I were them, I’d resign now before the shareholders start filing suits or brandishing guns.

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