Will this be what gets Elon kicked out of Tesla by institutional investors? What will it take?
I believe the board is mostly installed by Musk so it would likely take quite a bit.
If this doesn’t do it, maybe he could just take a bunch of investor money and set it on fire in front of them at a shareholder meeting.
It’s not about the money, it’s about sending a message.
And that message is, don’t be an emerald-mine-nepo-baby tech-bro billionaire on ketamine.
Elon has reached a level of financial and material entanglement across such a broad cross section of key economic sectors that I’m having a hard time seeing any institutional mechanism or structures being able, or willing, to take him down.
Unless the powers that be were somehow able to ensure his assortment of ponzi schemes and pump and dump operations wouldn’t collapse and start a chain reaction that would, in economic terms, fuck our shit up, far and wide.
But even if they could, I doubt those capable would want a precedent that the existing system was able to takedown such a powerful and wealthy person.
The only way I see him checking out anytime soon is himself. Unless he knows the secret ritual rights for a proper Moloch summoning, no amount of adrenochrome boosters or infant blood infusions can compensate for his insane drug use and poor personal health habits. You can’t be that old, that out of shape, and take that many hard drugs without it significantly reducing your life expectancy.
That also provides an out for the scenario I mentioned above. If the impact of his downfall on the wider economy could be mitigated, his incredibly unhealthy habits provide an obvious vector for his removal, without it setting a public precedent.
Tl;Dr: Hope he doesn’t get sober, or learn to summon Moloch.
When the Tesla stock price finally corrects we will see Elon crumble. Right now it’s being shorted by too many massive hedge funds, which causes other hedge funds to bet against them.
This unfortunately lead to the price being massively inflated with Elon taking all the credit.
You’re operating under the assumption that market forces can dislodge someone as wealthy and systemically entrenched as Elon.
Personally, I don’t share that belief. I hope that I’m wrong.
He’s not entrenched, lol. He’s a first generation nouveau riche. Basically a peasant with some bells and whistles.
His dad had shares in an emerald mine according to himself in an interview with Forbes in 2014. He also went to expensive ivy league colleges.
He isn’t nouveau rich, even though he wants to convince the internet that he is.
Ok, second generation nouveau rich. Old money are people who were aristocrats 1,000+ years ago. Elon had to work and still works like every other worker. Old money don’t know what work is for centuries. The gap between the poor and Musk is about the same as between Musk and some old duke family from England.
