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A comment on Tesla's energy storage business gets sucked into the company's downward spiral. Parent comment

Re:Tesla's energy storage business gets sucked into the comp... by darth_avocado on Wednesday July 02, 2025 @05:18PM (#44448948)
They are in a tough spot re:Elon. While long term, distancing Tesla from Elon and focusing on developing better EVs that out compete BYD, Xiaomi and other Chinese competitors would be the healthy move, they also realize that the company’s unreal valuation is completely tied to Elon and his made up storylines that never get delivered (FSD, Semi, Roadster 2, 4680 battery etc.). Dumping Elon would wipe out hundreds of Billions in shareholder value and the lawsuits would be brutal.
[ Parent | on HN ]
Re:Tesla's energy storage business gets sucked into the comp... by rickydroll on Wednesday July 02, 2025 @05:22PM (#44449006)
What do they say in most commercials about investing? Oh yes, "Investing in securities carries the risk of loss."

They could sideline him, perhaps put him in an oubliette for a while, then make some serious improvements to the current product line and start cultivating a culture of working without Musk.

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Re:Tesla's energy storage business gets sucked into the comp... by darth_avocado on Wednesday July 02, 2025 @05:26PM (#44449038)
I agree with the sentiment, however the board has fiduciary responsibilities towards the shareholders. If they make decisions that materially affect the company, in this case by destroying the valuation, then the shareholders can sue.

It will be extremely difficult for the board to justify that having Elon and letting him do whatever he wants is more damaging for the stock than kicking him out.

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Re:Tesla's energy storage business gets sucked into the comp... by tayo42 on Wednesday July 02, 2025 @05:54PM (#44449251)
> his made up storylines that never get delivered

I don't get who is still out there believes him enough to put their own money into this company. But the stock keeps going up. I just don't get it?

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Re:Tesla's energy storage business gets sucked into the comp... by XorNot on Wednesday July 02, 2025 @07:11PM (#44449799)
It's a memestock. People are just gambling not investing. You see TSLA in the news, the news is bad so you know a bunch of people are rushing off to bet it goes up anyway...so you do too.
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Re:Tesla's energy storage business gets sucked into the comp... by tayo42 on Wednesday July 02, 2025 @07:27PM (#44449929)
That's retail investors though? They're not really making the stock move?
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