Musk blackmailing Tesla's board

I would imagine this would result in a huge class action from shareholders.

 

Mag 7 (minus one, guess which) all in the black today.

 

Give home what he wants so he can combine his other tech into a car and we see $1k again. btw, his x got 24 states approval for money services, so a supper app is not too far off, much better than the zucchini.

 

Blackmailing or not, TSLA chart shows it is forming a close wedge / converging triangle formation.

 

yea..Hes def looking for an out and trying to push all the heat onto the board. The fact that he looking so quickly and openly for an out does not bode well for what may be instore in the coming year. He may feel that china will move on Taiwan and kill off US product relations. This would also bode poorly for apple and amazon. Or he may feel that trump will kill off china-US product relations too much to withstand.

Regardless. He sees the future is in space industry, satellite industry. If he gets his shares...his idea is prolly to take Tesla into this direction https://ehang.com/ ..in a very big way and combine tesla and spacex more closely.

 

Musk will be Musk, he will bully until someone tells him to sit down. The fact is, he's only the CEO and cannot make major decisions without Board approval or risk a shareholders lawsuit.
What he is doing though is taking the share price down by threatening to do something he can't do. I suspect that's what he wants, to reach a package value the Board will acquiesce to.
The alternative was a buyback, but Musk has never liked that.
A number of big name shareholders are getting fed up with Musk's antics and openly question his relevance as CEO (on X, how ironic) while being ostracized by the groupies bleacher.

 

His starter wife would disagree.

 

Not forgotten here! (Bre-X Minerals is accessible as BXM-199705.ca in our database, with a Canadian Stocks Platinum Subscription)

Interestingly, Bre-X became a S&P/TSX Composite stock in late 1996, just prior to its demise.

Every type of shennanigans were involved in this stock:
https://www.investopedia.com/terms/b/bre-x.asp

Log scale chart:

 

They won the last one. The SC bullshit buyout one. So that just makes him invincible.

 

The thing to remember is that opposing parties try to make it horrible on the next party in office. Biden realizes that trump will win. This year will mostly be Biden sabotaging the trail for trump..it will get very ugly. Elon wants to be mostly in space and satellites during that atmosphere. He may be distancing himself from the damage...both ER and stock price