>At least one prominent investor has made it known that they plan to vote against Musk’s ridiculous pay package. Tesla is a meme stock. Investing in Tesla, is investing in Musk personality cult. An investor that doesn't believe in meme stock, isn't invested in Tesla. Approving the pay package, will push stock up, ensuring that the vote will pass. Musk could ask to dilute all shareholders 50 % and print the extra Tesla stocks to himself, and it would still have a fair shot at passing.
Sadly this is like pissing in the ocean. It won't do much. The only way it seems the stock might come back to reality is if more pension and index funds deem it too risky given the fundamentals and pull out altogether.
Yes but as soon as Elmo start cashing in his shares the stock price will drop. Giving him such control screws all other investors.
I’m betting that not enough funds will do this. I have been selling puts that expire next Friday after the vote. I figure Musk is going to keep pumping the stock until then and that the vote will pass.
If that fund was anywhere near competent, they'd would dump all TSLA stock just based on the ridiculous P/E which means it's not sustainable. But if they were worth a damn they might not have bought the stock in the first place.
I believe poly market has it passing at 92% 💀
The thing with meme stock is they are short term play. Investors all believe they can unload bags on each other before the music stops.
Correct. These are not investors. They are speculators/gamblers! That is not a sound strategy for investing people's pensions. They would be better off putting the pension in the hands of The Mob.
Divest California. Get out
They should have done that years ago. A P/E of 300+:1 is not something wise investors buy.
He won’t. He will borrow against them.
CalPERS is actually doing a review right now of the risks of Tesla stock, should find out the results in a few weeks. And CalSTRS might be doing the same, but hasn't said publicly yet.
Not to mention, eventual share dilution. What’s scary, is that some of Leon’s loans are using Tesla stock as collateral. Would be funny, if it falls below a certain price, and he gets margin called. lol. If the package is approved and the stock pumps. Wouldn’t be surprised if a lot of these Pension funds, start dumping.
wild how even after calpers said they’ll vote no, polymarket still has the tesla pay package passing at around 93%. traders clearly think musk’s got the shareholder support locked up
Is there a poly bet on the poly bet passing? XD
😁 I hear truth social is starting prop betting, we could bet on truth social, on the bet passing on polymarket, on this whole Tesla bullshit. Really round out the whole thing.
They are.
Guy needs to be flat broke, not the worlds first trullionaire
Some of us are old enough to remember when NASDAQ had some stocks edging up towards 270-280 in 2000. That ended well.
Oh yes. Some were 1000:1! I was making money off the dotcom wave, but once I saw those crazy numbers, I dumped everything. Another month and I probably would have lost all my gains and then some.
Yes, it's just the bigger fool theory.
The whole premise behind this package is ridiculous. The idea that Musk would actually leave Tesla, and cause the value of his own shares to decline, is nonsense. Without Musk Tesla would be a healthier company, but the stock would not be. Too much of his net worth is tied up in Tesla stock.
Tesla’s board members should ask what Leon has done for them? Crashed the company’s value. Killed sales. And hung the cyber truck albatross around their necks. Is that worth a pay increase?
It really sucks that I effectively have to pay a large amount of capital gains taxes in order to keep my vanguard (VOO etc) shares from voting to make this asshole ridiculously overcompensated.
If Musk is not impactful then voting for the package will expose him over time as a failure
What they need to do is unload their shares before this garbage stock tanks anyway. That would be the second most responsible thing to do with people's pensions.
I say make it pass/fail. The BOD should pay him a $quadrillion if FSD ever "works"...and of course $zero until it does...which will be approximately never.
THESE ARE THE BLUE FALCONS TRYING TO CUT VA BENEFITS. Tommy Tuberville, Republican, Alabama. VA Secretary Doug Collins, Republican, Georgia. Elizabeth Curda, GAO’s acting director of health care. Retired Army Lt. Col. Daniel Gade. VA Inspector General Cheryl Mason. Jerry Moran, R-Kansas Washington Post article authored by Jaclyn Peiser. House Committee on Veterans' Affairs. -Michael Bost Republican Illinois. tel: (202) 225-3527. -Amata Coleman Radewagen, Republican, American Samoa. -Jack Bergman, Republican, Michigan. -Nancy Mace, Republican, South Carolina. -Mariannette Miller-Meeks, Republican, Iowa. -Greg Murphy, Republican, North Carolina. -Derrick Van Orden, Republican, Wisconscin. -Morgan Luttrell, Republican, Texas. -Juan Ciscomani, Republican, Arizona. -Keith Self, Republican, Texas. -Jen Kiggans, Republican, Virginia. -Abe Hamadeh, Republican, Arizona. -Kimberlyn King-Hinds, Republican, Northern Mariana Islands. -Tom Barrett, Republican, Michigan. Elon Musk, douchbag billionaire who is making money thru tax cuts and huge diversion of monies from citizen benefits to high-dollar federal contracts. Elon Musk led DOGE, which received and spent millions of taxpayer dollars to conclude that the VA is already an efficient organization with very little fraud, waste, and abuse. Elon Musk cut thousands of employees off of the VA payroll, many which had to be re-hired back.
How do you invest in S&P 500 minus Tesla?
I still believe in pets.com. No idea whet they sell, but holding my shares for the rebound! Worthless stock my ass. /s
Index funds will never consider it too risky, because, for better or worse, their job is to track the index, not make value judgments on stocks. The only way index funds sell is if it gets delisted from the index, or sees a reduction in it’s weighting in the index.
Meme stocks are playing playing musical chairs, but with 1 chair and 500 people.
Made them multibillionares
Buy and S&P 500 ETF and short TSLA
Lmfao we already know Musk is not “impactful” that’s the fking point of this discussion.
Mark cuban style
Tesla is now 2.5% of S&P500 and part of every index fund and pension plan pretty much automatically. It has a massive market of buyers propping it up, as long as people still have automated IRA, 401k's and Pensions investments working that aim to track major indexes. Then again Enron was part of S&P 500 too at one time. This didn't save it in the end.
I wish I knew what this mean lmfao
Just watched him “get shot” Play Dirty
Good. No single person should have that much control over a publicly traded company. Checks and balances matter.
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