this post was submitted on 31 May 2024
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[–] reddig33@lemmy.world 140 points 2 years ago (31 children)

Will this be what gets Elon kicked out of Tesla by institutional investors? What will it take?

[–] circuscritic@lemmy.ca 16 points 2 years ago* (last edited 2 years ago) (13 children)

Elon has reached a level of financial and material entanglement across such a broad cross section of key economic sectors that I'm having a hard time seeing any institutional mechanism or structures being able, or willing, to take him down.

Unless the powers that be were somehow able to ensure his assortment of ponzi schemes and pump and dump operations wouldn't collapse and start a chain reaction that would, in economic terms, fuck our shit up, far and wide.

But even if they could, I doubt those capable would want a precedent that the existing system was able to takedown such a powerful and wealthy person.

The only way I see him checking out anytime soon is himself. Unless he knows the secret ritual rights for a proper Moloch summoning, no amount of adrenochrome boosters or infant blood infusions can compensate for his insane drug use and poor personal health habits. You can't be that old, that out of shape, and take that many hard drugs without it significantly reducing your life expectancy.

That also provides an out for the scenario I mentioned above. If the impact of his downfall on the wider economy could be mitigated, his incredibly unhealthy habits provide an obvious vector for his removal, without it setting a public precedent.

Tl;Dr: Hope he doesn't get sober, or learn to summon Moloch.

[–] CatOnTheChainWax@lemmy.today 3 points 2 years ago

We'll just have to hope he didn't learn anything from Steve Job's example and follows him to an early and well deserved grave.

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