this post was submitted on 24 Jun 2024
682 points (96.5% liked)
Technology
60081 readers
3524 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In summary, Tesla the company cares about not going bankrupt. Edge they have been walking on since inception. Musk on the other hand cares about money and being on TV non-stop because he's a narcissist asshole. Problem is, those two have colliding interest because Musk is majority holder now and Tesla has to make what he says in his drug induced and poorly educated rambles. He wasn't a majority holder for a while thanks to 42.0B$ fuck yea deal with then soon to be announced X but at the time Twitter. Now stock holders voted to give him 40B$ bonus to keep him in "leading role".
So in short it's a shitstorm. Stupid car that had a great idea but was ruined by narcissistic manchild. Car which you can only repair in authorized service centers by the way which is something no one talks about. Car that eats away your tires and some people report having to replace tires every six months. And on top of that, you have no spare tire to begin with. That means you run over a nail, tow truck for you it is.
Oh and I haven't said anything about share holders because they are plain old idiots. Tesla is not paying dividends and never planned to do so. So people buy stocks to have them? I don't know some sort of mystery. And even then, they buy stocks, then Musk hypes them up a bit, sells quintillion shares and bails out, which is why he's not allowed to talk about Tesla without babysitter. So share holders buy stocks, lose money and cheer for Musk.