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Yep, supporting the position that Musk continues to act in his own best interests and not that of Tesla or its shareholders, and in doing so he's not just free of board oversight he's actively enabled by a very weak and complicit board. This is, remember, the Musk who said “We should be thought of as an AI robotics company. If you value Tesla as just an auto company — it's just the wrong framework.” So all this just adds to that concern.
It does appear he's spread too thin over his many obligations.
#defending_elon lol
There's very little doubt here to give him the benefit of. He's previously threatened to move AI-related matters out of Tesla unless he has 25% ownership interest in Tesla, ironically something that's largely become an issue since he chose to sell a significant part of his own Tesla holding to fund the Twitter folly, and now he's pushing GPU's necessary to power these AI-related activities to Twitter in preference to Tesla. As Steve says, if this were almost any other case of an absentee CEO threatening to act against the best interests of the company they run and then ACTUALLY acting against its best interests the way he has here he'd be out. But because this is Tesla where there is no board oversight, he acts with almost totally impunity and the weak board enables rather than governs. It's a massive breach of fiduciary responsibility.
Musk is claiming that he requested the shift because the expansion in Texas isn't ready yet and he didn't want the GPUs to sit in storage waiting for construction to finish. Just ignore the part where he gifted his spot in line to another company he owns when he could've deferred or sold his spot
I have to say, you guys are focusing on the wrong company. If you want to really see a mismanaged, scandal ridden company, go no further than Toyota Motor Corporation, and it's chairman of the board, Akio Toyoda
I have to say, you guys are focusing on the wrong company. If you want to really see a mismanaged, scandal ridden company, go no further than Toyota Motor Corporation, and it's chairman of the board, Akio Toyoda
Wow you've really gone off the cliff which I honestly did not expect from you. I guess when you can no longer find an excuse to defend Elon the next card to play is deflection.
Wow you've really gone off the cliff which I honestly did not expect from you. I guess when you can no longer find an excuse to defend Elon the next card to play is deflection.
Where did you see me defend Elon lol? I would say more, but I don't want to get into whataboutism, which is off topic
06-04-24, 11:28 AM
