I remember being a kid and getting electronic toys that were supposed to be able to get wet. Of course, if the toy fell briefly into the water it might work for a while, but it was fucked up and never worked well again. I do not want to know if I have to do that with my really expensive cult el camino. It just seems like one of those things you would buy at that really expensive mall store that had the word design in it's name. They had all these really cool gadgets that broke right away when you brought them into any environment outside of a rich person's environmentally controlled environment.
Tesla’s biggest retail shareholder is voting against Elon Musk’s $55 billion package A key thing to note is that the site reporting this got a large infusion of cash from Elmo in the past.
Imagine if Tesla kicked poison red pill elon out and actually started doing business instead of playing daddy to the tech world. It really might shore up more confidence in Tesla if Mr. Vanity project was not at the helm anymore and you had the potential to be a player rather than to be played by the whims of online goobers.
On Tuesday, Tesla's supposed to release its earnings report. This is one of the tidbits that's supposed to be in it. This is while the board is trying to give Elmo a $56 billion pay package. On a company that only made $15 billion in profit in 2023. Can someone explain to me how this works? And how this could be good for the company? "We would have given him more, but the profits were just too fucking high."? Say what you will about Jeff Bezos, but for a good portion of his tenure at the helm, Amazon didn't turn a profit because he was plowing the money back into the business. Which is what you should do if you want the company to grow and be productive, and profitable long-term. And yes, I know, Elmo's not getting a check for $56 billion, he's being given shares in the company that are worth $56 billion, which at the rate that the stock is plummeting is likely to be all of them before it's over with. This is capitalism in America, in the 21st century. It doesn't matter that the guy running your company admits that they've dug their own grave with the Wankpanzer, or that he's destroyed the value of Twitter by turning it into a playground for Nazis and other fascists, effectively burning almost as much money as he wants Tesla to fork over to him. But hey, them's the breaks. So what if the greed and stupidity of the people running the company causes not only thousands of Americans to lose their jobs, see their investment portfolios (if they have them), or their 401Ks (again, if they have them) take a significant hit? That's capitalism, baby. That's the American Way. It doesn't matter that if rational people were in charge of the company they might have been able to prevent this, or at least have it be a gradual decline, rather than what it's almost certainly going to be when the official report comes out, a steep drop. One that the company might never be able to recover from because people are starting to wake up and realize that Elmo's not Tony Stark, he's just a luckier version of the guy who built that submarine that imploded on its way to visit the Titanic. People in America wonder why we can't do anything about gun violence in this country, even though a majority of Americans support some form of tightening existing gun laws. How is this any different? The mentality that is okay with thousands of people being gunned down every year is no different than the mentality that is perfectly fine with letting a bunch of idiots loot a once valuable company for no other reason than they can. Because the pain and suffering happens to others than those with the money and the power. When I was in college, I got see G. Gordon Liddy speak, and one of the things that stuck with me (besides how short he was) was his reason for objecting to a social safety net. It boiled down to that you couldn't have such things if you wanted a society to survive. You needed an aggressive populace to go out and do "vigorous" things to ensure your society would continue on. He summed it up by saying, "The Romans knew that if you can't lose, you can't win." Billy Durant, who founded GM, Frigidaire, and Durant Motors, died penniless, having spent the final years of his life running a bowling alley. Preston Tucker died broke. John Z. DeLorean had to sell his farm to Trump (who turned it into Bedminster) and also died broke. How many of the people who were once extravagantly wealthy have died broke since the start of the 21st century? Can't be too many of them. And I doubt if any of them went from a global-spanning empire to counting themselves lucky to be able to run a bowling alley like Durant did. Strange how the people argue against things like a vigorous social safety net, never seem to show up and offer even the meekest forms of agreement when somebody says CEO compensation is too high. Odd that.
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Somebody inside of Tesla must want Elmo out of there. Because if you're trying to get ahead of bad news by leaking details, you leak that things are worse than they actually are, so when the actual bad news comes out, it doesn't seem nearly as bad. By leaking that profits fell by 40%, only for it to be revealed that they actually fell by 55%, gives the signal that shit's really wrong in the company. Oops.