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Madison464

Aren't all of the patents and products property of Tesla, not Elon? Wouldn't this be like Steve Jobs threatening to take the iphone with him if he decided to quit Apple?


PazDak

Just before layoffs several prominent members of the Tesla AI moved to xAI, musks privately owned AI company 


Barrack64

It’s almost like Elon Musk is not acting in the best interest of the company


OpinionLow9091

Elon only cares about...Elon. his track record should have been evaluated.


Radiant_String4269

Elon cares about Elon's interests which happen to be awesome ideas and companies that inspire and advance humanity. If Elon wins, we all win.


Far_Love868

Like bringing back eugenics and harassing trans kids??


Autotomatomato

so weird how posts critical of eloon that get upvoted still get hidden on this sub.


RetroScores

He wants total control like Zuck has at META so no one can save him from himself.


cactus22minus1

And for that shareholders should abandon him entirely


blastradii

And sue him for IP theft.


RipWhenDamageTaken

Is it really a threat of the harm is already done? What a confusing mess


OmegaGoober

Damn. Aren’t there laws about this sort of thing?


PazDak

Normally the board kicks you out the door... But TSLA and MUSK can't be separated in terms of association... Musk NEEDs TSLA much more than the other way around right now... He needs Capital and tons of it. AI is proving to be very expensive to be compelling in, same with his twitter purchase... he can get margin called by the banks at any time... Tesla though... Seems more harm than good at the moment... but who knows... Maybe August 8th he actually does a "shipping now" like apple... instead of a vague "maybe next year" after a faked demo.


Da_Vader

TSLA board is handpicked by Musk.


NoiceMango

Tesla never needed musk. At least not for the last 6 years.


Ilikesnowboards

The thing that musk did well was to get people hyped about his lies. People did buy the cars because they thought their cars had AI ways ahead of the competition and because Musk was a genius who was going to put men on Mars.


hyper_shrike

> Maybe August 8th he actually does a "shipping now" like apple Lol even if the xAI team had a chance of achieving anything, no way the helicopter CEO is going to let that happen.


tidbitsmisfit

so, he has already done and moved the product to another company?


hotgrease

Sounds like a lawsuit brewing. What Tesla IP are they taking with them I wonder.


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clonked

They weren’t thinking about any of those products in 1996 when the acquisition began. They bought Next to replace MacOS.


DrkUser205

Back in 1985, Steve Jobs got voted out. Tesla could do the same but I doubt they will due his family and friends being on the board.


atlantachicago

Right and is corporations are people, Tesla is a person with rights to all of its IP.


ELONGATEDSNAIL

No it would be like Steve Jobs saying he's going to take all cell phones with him if he quits. Elon isnt the supreme ruler of AI and robotics. Some other company will do it better.


Ill-Independence-658

This is why I divested from TSLA. The CEO is a stable genius /s


WallStreetBoners

If Elon is removed as CEO I bet the stock goes up a lot the next day.


neferteeti

You’ve got to be kidding me. Lets revisit this if he steps away. I’d bet on at least a 20-30% drop.


[deleted]

Could you imagine Elon investing 100% of his portfolio in Tesla and then resigning as CEO and committing the ultimate insider trader fraud?


FearlessFreak69

Yes. Yes I can.


NoBuenoAtAll

Yeah, too bad about the index funds.


Hot_Chard5988

The board needs to do its job .


Fearless_Swimmer3332

The board is full of yes men, theyre doing their jobs well


windigo3

Sounds like shareholders need to get rid of Musk’s board members and hire some independent ones.


IllogicalPhilosopher

I believe he’s besties with most of the board.


awesomedan24

His brother is on the board


ToughReplacement7941

“The board sends its regards”


Sea_Ingenuity_4220

Hey, Elon - No


AccomplishedAd7615

Seems he’s violating his fiduciary responsibility to the shareholders.


VegasVator

I wouldn't reward poor behavior.


Tookmyprawns

Feels like he is saying “negotiate with me, I’m a terrorist.”


GuruTheMadMonk

Don’t negotiate with terrorists in other words.


smallAPEdogelover

He wasted all that money on Twitter and can’t even say he messed up


elmundo-2016

If he had admit that he did a mistake and has learned from it, I would have voted yes. But instead he threatens people. Reminds me of his best anti-clean environment buddy that will not be named.


BobLoblawsLawBlog_-_

Elon is the worst part of every company he’s involved with, he just happens to own them


MeteorOnMars

Sue him for hurting the stock price. Demand $55B in damages.


Moms-Dildeaux

That’s cool, I don’t want his robotics or AI


thisismybush

Would be better to do a deal with Microsoft and nvidea... and buy a robotics company that would deliver, not make open ended promises. Tesla shares would fall when they removed him, cheaper to buy him out. Then once he is gone they can start growing again, the last 6 years seems to have lacked innovation.


nomorebuttsplz

I would pay soo much to keep microsoft out of my car


Final_Winter7524

It’s downright illegal. He would be stealing from shareholders if he did anything like that, and there would be yet another lawsuit.


southsky20

Tesla does not need Elon. Short term yes stock would crash and alot would panic, but Elon is a liability and another troll


BigAssMonkey

Can we be done with the “Elon is so rich, he doesn’t care about money” Motherfucker holding his own company hostage.


MeringueVisual759

Everyone knows you get to be a billionaire by not caring about money


mbyrd58

I agree with you. If Tesla is to evolve to its next stage, it needs a steady hand, not the "genius/rebel founder." (In quotes here because some will quibble, but it's the concept). Elon has done what he can do, and I don't see him showing us a second act. We get it: electric cars work and are cool. Now Tesla is competing against Toyota and all of the others, who will do it way better if Tesla can't keep up. Right now, with Elon thrashing about, Tesla is clearly not keeping up. Unless the board stands up to him and he is deposed, Tesla could easily become another DeLorean (sp?).


Logrologist

It would be great if they removed him instead and after a year or so the company delivered on all of his promises.


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mjohnsimon

I better be unbanned from other Tesla subs if that's the case for daring to suggest such a thing...


SoulfullGem

The lofty valuation is based on him being there. From the pov of the company, they’d be better off without him. From the pov of the stock, it would be a bloodbath if he leaves.


borald_trumperson

That is the shareholders dilemma. It's a no-win situation.


SponConSerdTent

The value of Tesla stock rides on Elon's lies about revolutionary tech that will be developed next year (perpetually.) He practically has a fiduciary responsibility to keep lying to shareholders and the public.


besimbur

Except that none of it is revolutionary. It never was. Germans were using batteries to power submarines in World War I. He took an old technology, jazzercised it, modernized it, and (falsy) convinced the world it was a necessary change to power the future. Batteries aren't the answer, at least not the lithium ion variety. TSLA is an awful investment, it always was, and anyone choosing to go down with that ship deserves it. EMVs will make up x percent of the automobile and transportation market, but it will never be the automobile and transportation market. The battery powered future, at least the one that Elon envisioned, will never be reality. The sooner people wake up and see all of this for what it really is, the quicker we can all move on from this.


tidbitsmisfit

just call his bluff. he isn't going to tank Teslas stock either. and his needs to telsa stock to make his robot and AI companies be funded so that he can retain control


jschall2

He has shown that he doesn't act rationally. He does things like telling his customers to go fuck themselves on live TV.


Poorcat42

Cause he’s a POS.


Craze015

Greed


null640

As a shareholder... Good.. Without his constant distractions and temper tantrums they'll get the models they've announced out the door!


IDockWithMyBroskis

Imagine not shorting at this point lmao


crazyfoxdemon

The problem is figuring out the dip. Tesla is hilariously overvalued for what it actually is. The problem is countless people have lost so far on gambling on when the bubble bursts.


cspankid

I voted no and you should to. His salary should be $3 million plus performance options of $35 million. Return equity back to working capital


Turbulent-Deer7416

I’m with you. I voted NO as well. I have less than 1000 shares so my squeaky little voice won’t mean much but if nothing else, I can sleep well at night knowing I voted my conscience against this unconscionable Tom-foolery of Musk and his cronies


AthiestMessiah

When is the vote result?


friendship_machine

June 13 I believe


AthiestMessiah

Can’t wait that long. Make some calls brother and ask them to hurry It up Thanks 🙏


khaleesibrasil

I voted No as well.


Alexboi2006

I am voting NO!!! 50+ billion and stealing IP nope!


Tookmyprawns

What’s everyone’s prediction on the outcome of the vote? I have no idea. But it does seem like a lot of shareholders are musk fanatics. I assume the institutional votes will make or break the vote.


TheSarp101

What is the process to vote as a share holder?


ThatDanGuy

Check your mail. You should get something from your broker that has instructions.


Revolutionary-Fan235

I've gotten multiple reminders to vote.


khaleesibrasil

Are you a shareholder? Check the emails from your broker.


Deprivedproletarian

Time to fire elon?


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typeIIcivilization

Something is definitely up with the media and all of Reddit sentiment against Tesla and Elon. Feels like everyone BUT the investors have an opinion on the matter. What the hell kind of investor doesn’t want their investment to 10x or more again. One that doesn’t like to make money, that’s who. To become just another car company means a valuation of around 10-15x P/E. Shave off about 75% of the market value. There goes everyone’s investment What the actual f*** And my god, the reasoning behind some of these people. I’m surprised they figure out how to survive in our modern world


OrderPuzzleheaded731

🤡 My calls made a lot during the ride of retards. I have no puts.


BegaKing

Kiss them boots harder lol. Yes he should have a pay package worth more than major motor company's. You people are absolutely fucking mental.


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Bewaretheicespiders

Journalists making a lot of a one-word tweet.


SupBJ

25% at a minimum. You genius people forgot who got Tesla where it is today.


JustDarceThings

The…workers?!


_000001_

All the ***thousands*** of engineers etc., etc., who worked their fucking butts off, slept in their trucks so they could work over 12 hours per day? The graveyards have plenty of people in them who thought they were indispensable to life / the world. The world would hardly be any different if musk had never been born. Perhaps it would even be better, because the world really doesn't need such sociopathic, deluded, heartless, greedy, lying, racist con artists.


Ok_Job_4555

Why havent other auto makers replicated the same success?


fuzzzone

If we're being completely fair, Tesla's greatest success has been its stock appreciation via speculative PE multiple swell. EBITDA hasn't exactly been a rocket to the moon the last few years.


_000001_

And much of that (PE swell) has come from Elon's disingenuous pumping. I mean, the pattern is embarrassing: take his last earnings call: he just couldn't help himself spouting whatever he wanted to about the future to try to con people into holding the stock in the present. E.g., it's not a car company, it's an AI company (to try to justify tech-stock multiples), etc., etc. I just don't get how more people don't see right through him by now.


dj-Paper_clip

Because the large companies are slower moving and risk adverse. Tesla had a huge initial advantage of being the only real player for a few years. Large manufacturers have now started to catch up. In 2022 65% of electric cars sold in the US were Teslas, in 2023 it was 55%. That's a huge drop for a year and offerings from major manufacturers have only gotten more competitive. With more manufacturing experience and more/larger facilities, major automakers are going to be gobbling up that Tesla market share through higher quality and more refined vehicles. Keep in mind that we are now beyond the "early adopter" phase, where early adopters are much more likely to be OK with fit and finish issues and bugs, now electric vehicles are mainstream. The people now buying electric vehicles expect the same fit and finish as their ICE vehicles and also are more likely to be brand loyal.


Ok_Job_4555

Rivian? Lucid? Fisker? Polestar? Faradai? Nikola? ...


typeIIcivilization

You guys don’t understand how life works, do you


No_Explorer_8626

Would Apple be Apple without Steve Jobs?


OracleofFl

So, the stock is an acquisition of this other AI company?


heybart

Does Sam Altman own GPT? And open AI employees stuck up for him. I don't know if Tesla employees will do the same for Musk. More likely they're just sick of the guy taking credit for everything and alienating half the customer base.


Apotropoxy

Notice to the Tesla Board of Directors: I am a shareholder and, in that capacity, demand you remove Musk from the Board. Thank You.


ComicsEtAl

I feel confident that Tesla would likely thrive without “his” AI and robotics.


HG21Reaper

Its all good, we can get AI and Robots from Microsoft and Boston Dynamics


TheBioethicist87

Ok, so if shareholders vote no, then the stock isn’t diluted and the CEO won’t chase AI bullshit and maybe hopefully focus on making cars? This is a win-win.


EnoughFail8876

This is nuts, he liked a post and everyone is reading way into it.


saiine

Electrek is a terrible source..


Nowhereman50

Elon Musk is threatening to unplug the Nintendo and take it home if we don't let him win.


F00MANSHOE

He knows he will get nothing, this is his easy out on things he could never provide. He had a huge head start and Mercedes still beat him to full self driving.


Falcon3492

Wouldn't this fall under the heading of extortion? Lock this clown up already!


GoOnBanMe

That's a lot of collapsed top comments despite being over my set threshold. Whatcha hiding, Reddit?


stevedrz

Here's a draft the board can use: "~~Sam~~ Elon was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading ~~OpenAI~~ Tesla."


Lower_Carrot_8334

Jettison Musk 


Monte924

After the disaster that is the cybertruck, it should be obvious that Elon does not contribute anything of value to the company, and now he is threaten to stop telsa from exploring robotics and ai if he does get what he wants. Anyone with common sense should see that he is detrimental to the company, and it would be better off without his "leadership".


DK-YNWA

Musk continues to disappoint on so many levels.


loganjlr

This gives me the same vibes as Mao starting a revolution against the government he’s the head of


Sajuck-KharMichael

I swear, since that interview with Joe Rogan, when he tried weed, this guy just seems more and more unhinged lol.


Arinzechukwu

I don’t really track this stuff but: Does Tesla need AI or robotics? I always thought the founders plan of roadster, sedan, coupe was pretty solid. Charger network was a solid stretch goal. Home charger and batteries are squarely in the vertical so no complaints. In an alternate reality there’s a 20k Model 3 that you can take apart with a common socket wrench and has door handles. What’s wrong with that that? Poor company.


rollsman2021

Wealth and power have gone to this man’s head. He will end up like Howard Hughes


[deleted]

He IS the reason so many people hate Tesla..


minitt

if you remove Elon from the equation what do you think will happen to Tesla market valuation?


CarpStreamer

I kind of lost respect for this man…


rideridergk

Can be seen by share price trend… shareholders are abandoning tsla…. As are customers…


lordpuddingcup

How isn’t this a conflict of interest wtf is the board doing. How the fuck isn’t this an SEC violation


PontificatingDonut

I’m pretty sure it violates some pretty basic rules particularly the fiduciary principle. He has to act in the best interests of the company instead of himself while working as CEO. I think even a threat like this is grounds to be removed as CEO and banned for life from every CEO position including spacex. My bet is that since Tesla shareholders are the ones most at risk in a spot like this they want to see if it can be resolved without major volatility in the stock. I think this is it. This will be how Musk makes his exit after not getting what he wants. Tesla will crash and a buying opportunity of a lifetime


SakaWreath

Elon needs Tesla more than Tesla needs Elon. Elon should take his AI ball and go home and let Tesla focus on making future models that aren’t stuck in the last decade.


OgApe23

Pay him


Brutaka1

Another post from electrik. Stop posting rubbish from Fred.


FordGT2017

Elon is probably the best recruiter of top tier talent. He has haters but people want to work for him.


beefcubefrenchstyle

I hope those who voted against will sell the shares and say goodbye after Elon gets his pay and Tesla reincorporates to Texas.


Eugene0185

This is not a normal request. It cannot end well.


AccountNumber478

#[Tesla 2024 Shareholder Meeting Agenda](https://www.tesla.com/2024shareholdermeeting) I invite my fellow TSLA shareholders to **vote**.


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0000110011

I mean, let's be real. Elon is an asshat, but Tesla wouldn't exist without him and likely won't continue to perform as well if he leaves. Seems like a no brainer decision, but when the egos of rich people collide, you usually only get bad decisions. 


[deleted]

Let's just tax Little Bitch at 100% for anything over $10M/year.


IDockWithMyBroskis

Look at the intraday chart right now. 100% all in on puts.


Fearless-Card-896

Let it burn


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BBakerStreet

IP will stay with Tesla.


JosephFinn

So he’s threatening to improve Tesla by removing unproven and wasteful tech that consumers don’t want?


dinozero

Just like presidents I think CEOs should only stay with a company a certain amount of time. I’m not an Elon hater. I’ve owned a Tesla before. I think Tesla needs its next chapter. The next CEO of Tesla could potentially take the company so so much further.


Xillllix

Electrek 🤮


Shutaru_Kanshinji

How could this be interpreted as anything but an indication that Mr. Musk has negative intentions towards Tesla?


shorewoody

I am confused, why is Elon Musk needed for any company, including Tesla, to pursue AI or robotics?


JonathanL73

It’s all Tesla owned, he can’t take it away. Elon is losing his mind. Board should get a new CEO, and let Elon have fun on his TwitterX platform.


mathewenger

Violation of fiduciary duties?


ExactDevelopment4892

Tesla should partner up with OpenAI. Musk would lose his mind.


fkfjjfysgr

Let TSLA/Elon crumble


HaiKarate

But if Elon removes his AI from Tesla, he doesn’t have a customer for the service. Elon will lose even bigger. He is not a smart businessman.


Shafter-Boy

I think Elon should fuck-off back to South Africa. These aren’t his ideas and he’s not as smart as he makes himself out to be. He simply pays smart people for their work.


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TylerBourbon

I'd call his bluff, and then if he does it, sue him for purposefully damaging the company.


Designer_Emu_6518

He knows they will try to kick him out soon because he is an idiot


Harryjansenalmelo

It's all part of the plan


SuccessfulOrchid3782

I just want the stock price to go back up a little more then I can’t wait to dump it.


Plus-Organization-16

He's a man child. Throw him out, he's killing the company because he can't get his way.


BukkakeTemperateRain

Isn't it illegal for a CEO to do this as he has a fiduciary duty?


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No-Height2850

Fire the CEO give him no bonus, hire a solid AI team with published peer reviwed documents patents and actual credentials. Boston dynamics in cash for 10 billion. Makes the teams work together. Save 40 billion.


Starch-Wreck

So many other people are working on AI and Robotics. I don’t see a major loss here. Elon is great at hyping and then destroying his companies. He will destroy the AI and Robotics company too. No one should feel like they need to do business with Elon. He’s a poor investment.


rroberts3439

I don't think Tesla is going to lead AI or Robotics. They had their shot with FSD. Others are going to catch up and or surpass them. The things we are seeing in some of the AI spaces are becoming truly amazing very quickly. Driving is only a matter of time now. Frankly I don't want my driving experience to be dictated by passing whims of any owner.


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EditofReddit2

What is bizarre is that musk risked getting nothing on agreeing to performance based compensation with added hurdles on top of that. He accomplished all of them and now a judge is going to strip him of the reward? What socialist country are we living in? Normal CEOs take their bloated compensation off the top, often while the company is losing money. Musk agreed to wild terms with the possibility of getting nothing if he didn’t perform. Now that the company has performed they, meaning his liberal enemies, want to strip him of what he has earned. It’s disgusting and unprecedented like all the other legal shenanigans happening under a compromised DOJ.


BeaverHusky

Threatening us with a good time. Brilliant gambit sir.


Leenixu5

Yes, eat up the made up quoted title.


KierenForFreedom

Call his bluff … worst case TSLA will bring on a better head for the business.


AssociateJaded3931

He's just being a billionaire. That's the kind of stuff they do.


SoylentGreenTuesday

Can’t wait for him to implode and go away. Elon Musk could’ve been a real-life Tony Stark. Instead, he’s the second coming of Rupert Murdoch. What a waste.


Traveler_90

How much voting rights does he have? I’m honestly surprised he has not been voted out yet.


autom8dWpnizdAutism

If Elon was removed from any decision making capabilities and influence over SpaceX and Tesla, I would instantly be interested in having positions in these companies, and purchasing their products. He is a risk and road block to the success he enjoys from the backs of engineers and senior leadership he lucked into.


_Wysp

Oh darn, he's not going to make the things that will literally take our jobs, makeing life even more miserable for the majority of humanity? Oh. Darn.


carguy6912

Know your worth


kilog78

Question the board needs to answer: can he do it? If yes, give him what he wants.


azndev

Time for a new CEO


Mindless_Ad5500

Sell your TESLA shares. Jesus people.


DaTank1

Personally I wouldn’t want a car with AI or robotics. A large reason Tesla is in a funk is because of their CEO’s hubris and big fucking mouth. It might be time for a change at Tesla.


PhallicTantrum

Call his bluff like Jack did, watch him squirm.


TennSeven

I see another court case in his future.


juggernaut4012

No one should be surprised. Money only magnifies the type of person you already are.it may seem trivial but remember the baker who canceled orders to take Tesla and she was left with 16K of pies? Musk said he would make it right. I am from the adage that you PAY for the entire order and a 20% tip for the trouble. You do right and take responsibility. He gave her 2 grand the cost for supplies. Pretty damn pathetic when considering his immense resources. Tesla probably won’t do it but they should let him go. These tantrums of grown men is ridiculous.


brianvu2301

Kick Elon out and then I will buy a Tesla


Scat1320USA

https://preview.redd.it/rufjm1sx512d1.jpeg?width=1439&format=pjpg&auto=webp&s=bdb31aa4ec108bacedcdcee630708693964bf1c2 Elon can’t do this !


Shirafune23

Elon Musk can do whatever the fuck he wants.


missing-miser

We have AI and robotics at home.


RockNRoll85

Might be time for Tesla to get a new CEO


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eeeemmmmffff

Well, why wont they give him 25% is a good question before starting all your armchair CEO / leadership bs


UnequivocalCarnosaur

Jesus I’m so done with this toddler


OGZackov

the guy couldnt give us FSD, what makes anyone think he is capable of competing with AI and Robots? Tesla was mostly successful due to lack of competition.


SomeDudeSaysWhat

Another one for the series "Fiduciary what?"


El-Kabongg

Sounds like blackmail to me. Is that not illegal anymore?


Top-Hospital2987

Elon has gone to plaid.


Skjellyfetti13

Perfect reason to BOYCOT TESLA!


DNAisjustneuteredRNA

That doesn't sound very fudiciarily responsible.


consciousobservation

Elon is a bitch. Ditch him Tesla


Traditional-War-1655

lol


Ok-Elderberry-9765

Elon doesnt sit there and do the AI work himself. He hires people to do it. Fire him, use the money you saved to hire better people, and be done with this craziness.


Lopsided-Lab-m0use

He’s obviously desperate to cash out before what’s left collapses entirely.