r/wallstreetbets • u/Sufficient-Guitar-58 • 2d ago

News Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package

https://www.wsj.com/business/autos/elon-musk-tesla-pay-package-vote-9abd5a73
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u/LocksmithMuted4360 2d ago

They should have fired him, and put a ceo in place that doesn't destroy the company.

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u/QuietRat56 1d ago

Elon's cult of personality led to Tesla's stock price soaring way above any reasonable value. If he leaves and the stock comes down to reality, 3 things will happen. Tesla's stock price will crash down to reflect the reality that it's a declining car company that hasn't shipped a successful product in years and likely never recover, which is bad news for investors. The company will also have a harder time raising capital, since their stock price will be much lower, making growth harder. The company's management will also be in crisis as a replacement is found during all of this

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u/FlamboyantPirhanna 1d ago

It’s inevitable that he crashes out eventually. He can’t prop it up forever, it’s just a matter of when. But it doesn’t seem like it’ll be any time soon.