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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Tesla's value plunged nearly $200 billion since mid-July โ€“ and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[-] ZodiacSF1969@sh.itjust.works 2 points 1 year ago

This is a very reasonable comment, and yet it's downvoted heavily.

What Tesla achieved is good, and will have a place in the history of EVs. Musk being a fucking idiot doesn't change that, it just makes it more obvious that none of the success is due to him he just happens to own the company.

[-] Staccato@lemmy.world 2 points 1 year ago

Honestly, tesla would probably do better to fucking fire Musk as CEO. He holds less than 13% of the shares according to a 10-second Google search, so it doesn't seem like he has unassailable control of the company.

If I were any of the other large shareholders I'd be fighting like hell to get a better CEO. Musk has switched from asset to liability.

[-] set_secret@lemmy.world 2 points 1 year ago

same, my hope is they'll turf him soon and people can less obliged to hate on Tesla again.

[-] set_secret@lemmy.world 2 points 1 year ago

thank you for restoring my faith in humans. I really didn't understand the downvotes tbh.

[-] ZodiacSF1969@sh.itjust.works 1 points 1 year ago

All g, yeh a lot of that bad behavior from reddit has flowed through to here.

this post was submitted on 23 Aug 2023
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