| Signalstar said: I'm guessing that Musk will be booted as CEO of Tesla soon. Having progressives mad at him and dragging down the company was bad enough. Turning against MAGA's king will leave them basically without any customers. |
It'll be interesting to watch, Tesla's a complete meme stock company, any other company which posted Tesla's results would have had their stock price plummeting and executives fired, any other CEO wouldn't be receiving their bonuses, Tesla is still, despite all the recent declines, a massively overvalued company, without Elon Musk it would probably be worth half as much as it is now.
So the question is do the shareholder stop believing in the "Brand of Musk" and all his bullshit promises due to this? I mean, Tesla lately hasn't exactly posted good financial reports and yet still the stock price stayed high, they already spat in the face of their main buyers, but the stock remained high, in part it can be explained by the fact that Musk had the President on his side, but unfortunately, a lot of these shareholders just for some reason are also in a "Cult of Musk" but does that change now?
I'm not entirely convinced it will change much, but I think that's because I've been hearing about Tesla's collapse for years now and it has never happened so I'm a bit pessimistic. Tesla stock is dropping right now as a result of this fight but it's still a $890bn company, a gross overvaluation, and that's almost entirely due to Musk's name.
To put it simply, Tesla stock hasn't made sense for years now.
Last edited by Ryuu96 - on 05 June 2025
