this post was submitted on 08 Mar 2025
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Economy

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[–] usernamesAreTricky@lemmy.ml 64 points 1 month ago (1 children)

Keep boycotting the company and keep protesting. ~60% of Musk's wealth is tied to Tesla's share price. Tank the stock price and you can tank his net worth reducing his influence and power. The current fall in stock price has made his net worth fall by $150 billion since January. Keep going

There are protests all across the US and even some in other countries too. https://actionnetwork.org/event_campaigns/teslatakedown

[–] MrMcGasion@lemmy.world 39 points 1 month ago (1 children)

To add to this, if the stock takes enough of a hit, Elon may either step aside as Tesla CEO, or the board may replace him. If that does happen, don't let up. As long as Elon is a shareholder, he benefits from Tesla's stock price - even if the people who are brought in to turn it around are saints and the polar opposite of Elon. As long as he's a shareholder, he'll still benefit.

[–] Fiivemacs@lemmy.ca 4 points 1 month ago

Even if he has nothing to do with it anymore, continue to kill the company. It's a symbol of Nazism now. Nothing will change that. No point in that company existing.

[–] Drusas@fedia.io 30 points 1 month ago (1 children)

It's nice to see some positive news mixed in with all the horror.

[–] AizawaC47@lemm.ee 8 points 1 month ago

Yes it is so nice! At least if we can have one good news is that Testla stocks are tanking.

[–] N0body@lemmy.dbzer0.com 23 points 1 month ago

Tesla was always a meme stock, completely divorced from its actual earnings. Crashing when it loses popular support was always coming. Musk’s turn toward fascism only accelerated the process.

[–] thefluffiest@feddit.nl 9 points 1 month ago

Bestest CEO ever

[–] Gamechanger@slrpnk.net 7 points 1 month ago* (last edited 1 month ago) (1 children)

And you wouldn't believe it, still overvalued...

[–] weirdboy@lemm.ee 2 points 1 month ago (1 children)

I think you meant to say übervalued

[–] Gamechanger@slrpnk.net 1 points 1 month ago
[–] surewhynotlem@lemmy.world 5 points 1 month ago

I know we have no control over it, and I have no stake in it... But I would love if the stock dropped to the point where Elon was underwater on his loans and had to liquidate.