• PearOfDees@lemmy.world
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    3 days ago

    These CEOs always claim they can’t do good for workers, because they need to please the shareholders. So now that the CEO of Tesla is sinking the company, where are these supposed all powerful merciless shareholders at? If I was a shareholder of Tesla I’d demand felon’s head for doing all this damn to my investment.

    • davesmith@feddit.uk
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      3 days ago

      It’s a meme stock, not an ‘investment’.

      And now Musk has parlayed it, and his various pyramid scheme-like companies into replacing as much of the US government as he can get away with with his junk.

      The US will suffer.

    • NeatoBuilds@lemmy.today
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      3 days ago

      There’s got to be tons of lawsuits right? Like all the people that have been fired and tons of people being affected negatively by musk probably have class action lawsuits and stuff?

    • icecoldfire@endlesstalk.org
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      3 days ago

      Like most things, normal people have no real say in the matter. The large shareholders publicly saying things and selling off stock would lower their value and hurt them. Last year the CA teacher pension fund did say they met with Tesla to voice concerns. So it does happen.

      It’s been known for years the stock was way overvalued. But making money overruled any sort of sound advice. Not that they are losing money, more people will say things.