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Elon Musk Laid Off Supercharger Team After Taking $17 Million in Federal Charging Grants (gizmodo.com)

submitted 6 months ago by lautan@lemmy.ca to c/technology@lemmy.world

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Despite its CEO railing against Biden, Tesla was more than happy to take the administration's money.

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[–] KingThrillgore@lemmy.ml 9 points 6 months ago* (last edited 6 months ago) (1 children)

Why the tesla board hasn’t sent him packing yet is beyond me.

His board is full of friends, family, and other sycophants.

Shareholders won't vote Elon out because he is sadly the one reason its so highly valued, and if he goes, the stock price does with it. They won't do anything until the company is on fire, and its not yet.

Given that yesterday's layoff news did nothing to the stock price, we're getting there.

[–] Ragnarok314159@sopuli.xyz 4 points 6 months ago

Elon isn’t the one reason. Tesla stock skyrocketed in value the moment Bill Gates and other hedge funds announced they are shorting the stock.

Other hedge funds decided “I will take that bet” and here we are.