Tesla stock price is like 95% expectations of massive future growth created by the super amazing genius of Elon. If Tesla becomes just a basic car company it will be destroyed.
The shareholders know the stock is massively overvalued but that's not useful to them unless they sell now and if they sell now the stock will crash. They know this bubble can't last because they know their global market share is in the toilet and artificially bigging up the stock won't help with that.
Likely there was a risk for a defamation lawsuit which had a slight risk of a prison sentence? Or Elon finally realised that pissing off Trump more will not help his businesses in the USA.
Defamation isn't criminal, so usually just financial, and even then it can be hard to take money sometimes. See Alex Jones 1.5B defamation loss and how much he's not complying.
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Elon's brain: I'm sure nobody took a screenshot.
Everyone knows that once you delete something from the internet it's gone forever.
Especially Beyonce, Barbara Streisand, and a few others
So a Tesla shareholders going to fire him at some point or what?
Tesla stock price is like 95% expectations of massive future growth created by the super amazing genius of Elon. If Tesla becomes just a basic car company it will be destroyed.
Of the company is overpriced like that, is it actually helpful to the company or just the shareholders?
It's helpful to both as long as the stock stays high.
That's not how it works though.
The shareholders know the stock is massively overvalued but that's not useful to them unless they sell now and if they sell now the stock will crash. They know this bubble can't last because they know their global market share is in the toilet and artificially bigging up the stock won't help with that.
Be interesting if that’s what it took.
Likely there was a risk for a defamation lawsuit which had a slight risk of a prison sentence? Or Elon finally realised that pissing off Trump more will not help his businesses in the USA.
Defamation isn't criminal, so usually just financial, and even then it can be hard to take money sometimes. See Alex Jones 1.5B defamation loss and how much he's not complying.
At his level of wealth, nothing is criminal, only financial.
You can't sue for defamation if it's true.
MACO
EL(on) MACO?
I was waiting for that to be mentioned.
Board of Directors is a helluva drug
Or Elon wants the Streisand effect to occur
I would suspect that, but let's be honest, Elon isn't exactly the 5D chess type.
He thinks he is
Elon tanks, always chickens out. (E-TACO).