From #NYTimes: #Tesla profits drop sharply in Q2 2024 due to a drop in car sales.
https://www.nytimes.com/2024/07/23/business/tesla-q2-earnings-elon-musk.html
From #NYTimes:
#Tesla's slump in sales appears to be at least partly the result of the right-wing politics of Mr. Musk. Tesla’s early customers and fans included many environmentalists and left-leaning consumers, many of them residents of California. Registrations of new Teslas in the state fell 24 percent in the second quarter, according to data published last week by the California New Car Dealers Association.
You’d think Tesla’s board would have been more saavy about the major negative effects musk’s radical crazy personal choices would have on the sales & stock prices
@QueenOfEverything The #Tesla shareholders just handed Elon a $40 billion bonus over ten years. They've drunk the Kool-Aid.
https://www.cnn.com/2024/06/17/business/elon-musk-next-pay-package-tesla/index.html
i think he threatened them with destroying the company if they didn't. they're all shareholders who'd lose a lot, and they know he could and would do it, it's his style.
for sure. it's been a long time coming and visibly so🫨
@holon42 I would have sold my shares a long time ago.