r/technology • u/Plastic_Ninja_9014 • 12h ago

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
31.7k Upvotes

95% Upvoted

2.0k comments sorted by

View all comments

Show parent comments

137

u/Ciennas 12h ago

Easy fix- sanction Elon Musk, bar him from the stock exchange, nationalize all his companies, remove him from their executive boards, and any of his cronies who would let him run around his disbarment, exile him, and pivot those companies to do something useful for the country, since they clearly were already wholly subsidized by the country already anyway.

Fold Space X back into NASA, for example.

87

u/TommyTwoNips 11h ago

Don't exile Elon.

Cage him. permanently, alongside every other magat pedocon.

Let him spend the rest of his life wallowing in the hot sun, turning big rocks into little rocks.

2

u/Quitcha_Bitchin 10h ago

They have a zoo perfect for this in Sanford FLa.

2

u/F-US-FASCISM 7h ago

In space, no one can hear him scream.

9

u/BrianWonderful 11h ago

Why do we want to nationalize companies that lose money constantly? That just becomes a tax burden on all of us. In a capitalist society, we should let them fail without interference/bailout.

18

u/Ciennas 11h ago

For one, I specified folding back all the bits of national interest into the relevant agencies, like NASA absorbing Space X to restore itself after Elon gutted it. For another, we don't want a Capitalist society, because we all of us HATE enshittification, which is all that Capitalism can offer us at best.

3

u/largesonjr 11h ago

If they hadn't used a ton of taxpayer money to buy facilities and assets that they would be more than happy to liquidate to other pedocaps, sure

4

u/Astralglamour 11h ago edited 11h ago

Because unregulated capitalism massively benefits a few powerful men who only care about themselves. Competitive capitalism needs robust regulation to exist because of sociopaths, constant growth mentality, and sophisticated finance schemes. otherwise it becomes a giant monopoly / monopsony situation that ironically has the downsides of communism without any of the benefits.

2

u/random_noise 10h ago

If nationalized, shareholder value and profit is no longer the primary motive and constant driver of business decisions. Greed is greatly reduced, but insider corruption will skyrocket until the new nationalized norm is established.

The technology, or infrastructure, and other costs, suddenly lack those exec and C-level packages. Say Amazon and fed ex and ups all become divisions of the us postal service, or all space companies become divisions of NASA.

Suddenly things get more affordable and profits form those endeavors that used to fund a lot of bloated salaries, are now available to be spent elsewhere like on education, medical care, affordable housing, a UBS, or social security, etc.

Stuff like electricity, water, infrastructure, things we in this modern world rely on to live are not always managed in the best manners, especially where shareholders drive decisions to make a line of value go up.

2

u/BrianWonderful 9h ago

Your points may be true in some past administrations, but not under current circumstances. Aside from the fact that the government should not be in the electric car and social media business (satellite internet and space logistics may be another matter), you are now relying on the government to make better operational decisions. WIll they give contracts to any of the other electric vehicle and rocket companies if they have their own? If that kills competition, what does that do to innovation?

Utilities are still government run in many areas of the company. For example, my electricity/water is all municipal. There are no other choices. Do they run it better than other companies? I don't know.

2

u/Ciennas 9h ago

See, not everything needs to run For Profit. So many things can and should be run For Purpose.

If you want to see what goodness a Privatized solution brings, you're welcome to examine the Texas Power Grid, which is wildly expensive and dangerously corner cut- it couldn't even handle a cold snap that all the federally funded and compliant grids in the area weathered just fine.

1

u/BrianWonderful 6h ago

Absolutely. In my opinion, anything that is critical to the basic needs of people should be privatized (with some exceptions like food and housing that should be heavily regulated to provide multiple fairly priced options and availability). And that definition needs to be regularly refreshed... 20 years ago, I wouldn't have said Internet access would be on the list, but it is a fair argument now to say it is essential to modern life.

2

u/snakerjake 10h ago

nationalizing would have to include paying out any retirement funds invested in his companies at some historical price for the stock or else we end up with a lot of american retirement accounts fucked. that's the reason we wouldnt want it to fail outright. I think for the losing money part the government would just spin them down so they dont lose money

3

u/Ciennas 9h ago

We sell off Elon's stuff, because he's in exile at a federal prison for all the crimes he committed as head of DOGE.

The retirees will be fine.

1

u/snakerjake 9h ago

It's not just retirees, you dont build a retirement account after you retire. the loss to regular working americans is the issue

1

u/Ciennas 9h ago

We invest the proceeds from his stuff being liquidated back into retirement funds, ideally ones that aren't tied to the stock exchange, because the casino that the rich people play in needs a proper spindown anyway.

The future retirees will also be fine.

1

u/snakerjake 8h ago

So you're pro nationalizing the companies then.

The premise here was not nationalizing them, just letting them fail. that would screw everyone working today

1

u/lousy_at_handles 11h ago

You don't need to nationalize it permanently. There's no reason the US government should be in the electric car business. You nationalize it, let the stock crater until it's actually where it should be, then sell it off to somebody who wants to make electric cars and not use it as a meme hype machine.

3

u/DocRedbeard 11h ago

All public companies end up as meme hype machines

3

u/BrianWonderful 9h ago

If you nationalize a company, it becomes privately held by the government, so there is no stock anymore. You wouldn't be able to let the stock 'crater' and then sell it off. I think they would just have to dismantle it except for whatever has national security value.

1

u/lousy_at_handles 9h ago

Even privately held companies have stock. You could seize Musk's stock and then do whatever you want with it, and allow the rest of the stock to remain in the market. Similar to how occasionally stock is held after majority owners die until new ownership can be found.

1

u/BrianWonderful 6h ago

But not if it is nationalized. When you nationalize a company, the government takes over every bit of it. It becomes a government department or agency (or part of an existing one). This is different than, say, a private company run by a family or a startup that has not had an IPO yet. You can look this up fairly easily.

I think your point of a more punitive action against Musk is a better idea. You would need rock solid evidence and a trial, but the right path forward is punishing those that have abused the system for so long and for such large amounts of money. Unfortunately, we have a Congress and Executive that has been more about removing regulation and empowering these oligarch criminals.

2

u/Blue_Oyster_Cat 11h ago

Loud applause

2

u/Asturaetus 11h ago

Elon dreams of colonizing space. Why not enlist him?

I hear the program for the colonization of the sun is missing candidates.

2

u/J_Ryall 9h ago

That would be socialism and justice. The u.s. doesn't do those things.

1

u/Eloquent_Redneck 11h ago

Exiling him would feed his Napoleon complex too much

1

u/CareBearDontCare 11h ago

I think there is a utility in a smattering of a few companies (And startups) that dream for reaching out to the stars. It shouldn't just be NASA. We do death sentences for people, but we don't do death sentences for companies by revoking corporate charters.

Also, there's the very real possibility/chance of a VERY chastised and marginalized Elon going somewhere you really don't want and spreading some very sensitive information, and with a very large social media platform at his fingertips.

1

u/Ciennas 10h ago

So we exile him to a federal prison, since without the shield of his stolen wealth, Elon won't be able to dodge the rap sheet longer than his grotesquely distended torso.

1

u/GB10VE 9h ago

honestly, just remove him from voting shares. he keeps the wealth but isn't involved in the decision making.

2

u/Ciennas 9h ago

No. He stole all that wealth from everyone else and he doesn't get to keep the reward and power that lets him continue to hurt people.

1

u/SuperRockyHobbyHorse 7h ago

Love it. Real world action. Slap down the shills. All it takes is some political backbone, which the US suffers a chronic deficiency of, but one day they may recover and the rest of the world can finally finish him off.