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Posted
5 minutes ago, The Royal We said:

I don't know enough to say with any certainty, but it would seem like large investors would at least be members of the Elon fan boi club, if not officers of the club. Money over everything tho.

Until the stock price starts reflecting the economic reality of the company as opposed to Elon sky high promises, there isn't going to be any serious effort to remove him. The stock's value right now is tied entirely to Elon and not the fundamentals of the company. I don't think any major investor is going to willingly take the price hit that would come with getting rid of Elon and actually getting the company in proper functioning order. 

Posted
12 minutes ago, Dahobbs said:

Until the stock price starts reflecting the economic reality of the company as opposed to Elon sky high promises, there isn't going to be any serious effort to remove him. The stock's value right now is tied entirely to Elon and not the fundamentals of the company. I don't think any major investor is going to willingly take the price hit that would come with getting rid of Elon and actually getting the company in proper functioning order. 

I agree with you. But the stock is down ~40% from the 12 month high. (still ridiculously inflated) 

At what point do they throw him overboard?

Posted
13 minutes ago, The Royal We said:

I agree with you. But the stock is down ~40% from the 12 month high. (still ridiculously inflated) 

At what point do they throw him overboard?

Maybe if market cap gets below 300B (lower than Toyota)? Hard to say because the value is so disconnected from the business right now. In order to get rid of him you'd need some belief that the company could reach or surpass its market cap at the time without him at the helm, and unless P/E gets down to the level of other manufacturers (4-10), I have a hard time figuring out how anyone could have confidence in that. 

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