How Tesla's board should rein in Elon Musk, according to prominent analyst

They’re all Elon yes men. They’re bought and paid for by Elon, or they’re literally his brother. They wouldn’t dare turn against him

High comedy from Ives.

I honestly think Tesla is just dead now. They squandered their tech advantage, ruined their brand, and helped get an anti-EV government in place. When the BBB hits it is game over.

Dan Ives is a clown. Elon Musk could announce he's opening a 100% pure horseshit buffet and Dan Ives would be the first one in line at the grand opening with a plate and fork he brought from home if he thought it would give him a chance to take the first bite.

Yeah unless they have a lot of secret product in the works, about to be released then they are screwed. The will blow a lot of money on a taxi service destined to fail. Oh, any they have a Truck and Roadster they have still yet to release, and that they already took money for. They are screwed.

Yup. It's a zombie company now.

The only thing Tesla has going for it is, that its demise will seriously disrupt Nasdaq. So basically their only hope is to be too big to fail.

Is this analyst on drugs or are they that stupid? Their entire board is handpicked by Musk himself to not get in his way whatever stupid things he does and says.

How many of these "the Board" articles will we have to endure? It's hilarious when these writers or analyst rehash what everyone who's paying even a little attention, has known for years but they were too blind to see. The time to "act now" was like two years ago.

Their hands are tied. To save the company they need to replace him as CEO, but that would kill its status as a meme stock. Saving the company kills the stock, and saving the stock kills the company, there is no way out.

Calling Dan Ives a prominent analyst is certainly a choice.

So democrats arent going to buy his cars anymore and republicans were never going to buy his cars. Who’s left? I will never buy a product that Elon is or was involved in.

The board is not gonna do shit.

Which is so fucking annoying. The complete inability by anyone with power to say "I fucked up" is gonna be what kills this country. It should be valued like other, more established car companies. That they blew it up so much that it would collapse the stock market if it failed is such a massive fuckup. So we all have to just pretend Elon is a genius bc the money guys can't be like "oh, whoops, bad bet." The line must always go up, never down! It'd help if the actual shareholders weren't complete Elon simps too. Maybe they could turn it around. Not the way things are going tho.

The irony here is that Ives is asking them to reign in Musk...but Musk's efforts politically--at least in the last week--are the best chance of saving Tesla. I guess theoretically Musk could just back democrats, but his whole anti-woke crusade began with his daughter and isn't actually rooted in political theory. He probably agreed with Harris on 90% of issues (based on past comments) over Trump, but was so laser-focused on transgender issues that he couldn't see what he was doing. So besides that option, this is Musk's next best option. Simply going back to work at Tesla and watching it die without speaking out isn't an option. And when he built Tesla up, he didn't own Twitter and wasn't already extremely wealthy, so he didn't have this massive bully pulpit.

Tesla’s board should resign. Fixed it.

"squandered" id so accurate of a discription. Plucked defeat right out of the jaws of victory.

*How the deck chairs should be arranged on the Titanic, according to prominent dumbass.*

The board of any normal company would have shit-canned Musk when he openly said he would work against the company's interests if he didn't get the big new pay package he wanted. The Tesla board is entirely Elon's relatives and sycophants.

Investors should sue the board. There is a very clear and consistent conflict of interest and a class action to remove Elon Loyalists has merit.

I sense the next ENRON. The repeat of it again, just not a utility company....

oh NOW we can talk about reining him in?

All these articles are BS. Couple months ago someone did the math (link below). Long story short if you value the stock like every other automaker it's share price should be under $20 a share. Value it like a big tech company it shoots up to $35 a share. The stock's 52-week low is $182 a share. It's currently trading over $300. The fact that it has declined from an even higher valuation last fall is completely irrelevant because it's a valuation that no other established company in the world enjoys. The only thing that matters to Tesla's board of handpicked Yes Men is the value of the stock and that's 100% based on the absolute bullshit Musk says and does. Talking about the stock price decline since December like it matters is just an attempt to normalize the price range it's currently at. https://www.reddit.com/r/RealTesla/s/Dh9iQgKMfe

It's not the beggining of the end , it's the middle of the end . Some time ago i prophetised etron would end up like the real tesla . my prophecy seems more likely every day.

Anyone suggesting the board will or should step in is fundamentally stupid. Musk is Tesla, and Tesla is Musk. There's no reining him in. He is the reason the stock trades at a meme 170 P/E, and not 15. The board’s fiduciary duty is to maximize shareholder value, and for better or worse, that means letting Musk operate without interference.

Don’t rein him in. Fire him.

Cathy Wood would be #2 in line right behind him.

Elon: " Shut up, Dan!"

I don't think it has much to do with the whole transgendered thing. Musk just has a messiah complex and constantly needs new projects that he can start to in some way 'save' people. Now that said I do think Twitter was motivated more by that and his anti-woke crusade. In his mind this was him 'saving free speech' and premised on all that idiocy around the whole 'woke mind virus' crap he posts. With the Trump administration it's this new target of there being an existential debt crisis that will ruin the US and by extension 'western civilization' (white christian people with a similar background to himself). That obviously blew up in his face with Trump passing a bill that terrible for both his companies and the debt burden of the US longer term. I don't know that the theory of what he wants to do would be bad per say. Basically becoming a super Joe Liberman or something akin to Freedom Caucus where he would have control over enough seats to always extract concessions and act as a swing vote, but just him being the face of the party and associated with it is going to kill the whole thing and once again his messiah complex is going to keep him from actually working effectively to further his own interests (and thank god for that really). If he could just pull strings from the shadows the way Peter Thiel does he might actually have been able to pull it off.

"prominent"

170? 😖🤣

Good luck with that.

I’m Not Elon Musk, but if I was, I’d resign from the board before Tesla (and my fortune) went under.

They’re afraid to spank Elon because money might fall out of their pockets during the fury

They’ll step in if the stock drops. They won’t kick Elon out due to fears of a resulting sell off. But if the stock craters then that isn’t a concern anymore and they will boot him in an attempt to regain. Elons going to be clenching for a while

Yep, still has a $500/share price target on Tesla.

Don't forget their human like robots that don't work and self distrusting batteries. That should be worth something right?

Surprised she isn't having Elon's children.

Musk isn't rational. He will choose to go down with the ship.

How do you know? Are you Elon Musk?

Post menopause.

It def won't collapse the stock market WHEN it fails

Well, you’re not, so…

He's so far down the rightwing echo chamber at this point that I strongly doubt that he agreed with Harris on much of anything, regardless of past comments. He's close with the Murdoch family and was going on secret retreats with Republican congressional leadership well before the presidential election.

it's a lie it would collapse the stock market. The money would go into other stocks, mostly. Heavily invested hodlers will be hurt, but that money going out of Tesla will only help real companies. Funds should be diversified enough to see the balance. imho

They got workarounds for that as long as he has a uterus.

Once the price drops, there is no money. So it could wipe away almost $1T of "value"

Amen

it doesn't just go to zero, there is a cashing out process as well, depends on how slowly it goes down.

Definitely. The paper value of owning stock is always how much you can have someone else pay for it. But the underlying value of the company is how much would be left in a collapse when bag holders pull out. Hint: the book value of TSLA is MUCH closer to $0 than it is to the market cap of~$1T.