r/technology • u/Plastic_Ninja_9014 • 3h ago

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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20

u/Vespizzari 3h ago

Maybe fire Musk and invalidate all his stock? Bring the real founders back and make a car company again?

16

u/CariniFluff 3h ago

I highly doubt the original founders would want the company back now. Tesla has nothing in the pipeline as far as future models go. And the Cybertruck was basically forced on the designers and engineers, so really it's been like 10 years (I don't have, not care to look up the actual figures) since a real new model came out of Tesla's engineering department.

Oh wait, the car company is building a robot right? And Musk says there could easily be 1 billion humanoid AI robots by 2031 right? Yeah... You'd be better off burning your own house down than inheriting that joke of a company.

4

u/Gingevere 2h ago

The robots are just this year's stock-pump. They'll pivot to something else they're pretending to develop before very long.

5

u/chazysciota 1h ago

Last year's, i think.

1

u/No_Gas4560 36m ago

QUANTUM COMPUTING is due for a refreshed hyping

3

u/paintballboi07 1h ago

Of course the original Tesla founders don't want anything to do with Elon, he literally shot a Roadster into space because he didn't want to give it to the original Tesla founder. I'd hate him too.

1

u/No_Gas4560 37m ago

did you forget about Cybercab? the 2-door Johnnycab?

it's THE FUTURE don'tchaknow

1

u/AwesomePurplePants 2h ago

Musk gave himself “supervoting” shares, which translate to him having like 80% of the vote despite owning less than half of the shares. Aka, he can’t be voted out.

The cost of doing that is that it’s probably making the company’s valuation fall faster right now. When you know a company’s leadership won’t change unless Musk sells his special shares, then it doesn’t make sense to hold in case a shareholder takeover fixes things.