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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Tesla's value plunged nearly $200 billion since mid-July โ€“ and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[-] ZodiacSF1969@sh.itjust.works 2 points 1 year ago

This is a very reasonable comment, and yet it's downvoted heavily.

What Tesla achieved is good, and will have a place in the history of EVs. Musk being a fucking idiot doesn't change that, it just makes it more obvious that none of the success is due to him he just happens to own the company.

[-] set_secret@lemmy.world 2 points 1 year ago

thank you for restoring my faith in humans. I really didn't understand the downvotes tbh.

[-] ZodiacSF1969@sh.itjust.works 1 points 1 year ago

All g, yeh a lot of that bad behavior from reddit has flowed through to here.

[-] Staccato@lemmy.world 2 points 1 year ago

Honestly, tesla would probably do better to fucking fire Musk as CEO. He holds less than 13% of the shares according to a 10-second Google search, so it doesn't seem like he has unassailable control of the company.

If I were any of the other large shareholders I'd be fighting like hell to get a better CEO. Musk has switched from asset to liability.

[-] set_secret@lemmy.world 2 points 1 year ago

same, my hope is they'll turf him soon and people can less obliged to hate on Tesla again.

this post was submitted on 23 Aug 2023
751 points (96.9% liked)

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