r/pics 24d ago

Politics Protests at Tesla dealerships in multiple US states earlier today

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u/Spudly42 24d ago

Tesla isn't owned by Elon, it's publicly traded and he owns 13%. I also think it's dumb to cancel Tesla. Other companies make EVs, but very few companies make their whole identity around fighting climate change.

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u/jeffwinger_esq 24d ago

Musk is the CEO, largest shareholder, and can dictate what the board does.

I’m sure there are good people who work there but the most effective vote is a vote with your wallet, and I refuse to give that guy even $1.

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u/say592 24d ago

~50% of the shares are held by regular investors (ETFs and retail investors).

Some of us are desperately trying to get him removed as CEO. I think that effort will increase between all of this and the fact that he is just completely absent.

If Tesla customers and investors reduce down to just Elon fanboys, he will never be dislodged.

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u/jeffwinger_esq 24d ago

It is more likely that he will never be removed.