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Tesla shareholders frustrated with Elon Musk have limited options for change, primarily through voting for new board members or selling their stock. Legal action against Musk is unlikely to succeed, as proving negligence or disloyalty is challenging. Shareholder discontent could escalate, especially among retail investors, potentially leading to significant actions reminiscent of past meme stock movements.
Elon Musk urged Tesla employees to hold onto their TSLA stocks during a public all-hands meeting, despite board members and executives recently selling millions in shares amid a 40% stock drop this year. He reiterated his optimistic vision for Tesla's future, claiming it would become the world's most valuable company. This call to action comes as Tesla faces its worst quarter in three years, raising questions about the confidence of insiders in the company's prospects.
Elon Musk has acknowledged using prescribed ketamine to manage depression, claiming it helps him escape negative mental states. However, concerns have arisen regarding his potential recreational use and its impact on his behavior, with reports of erratic actions and worries from executives about his health. Musk's relationship with the drug has sparked speculation about its influence on his chaotic public persona and decision-making.
Protests against Elon Musk have escalated, with five arrests at a Manhattan demonstration and vandalism targeting Tesla vehicles, including an arson attack in Las Vegas. Amid a significant stock decline, major investor Ross Gerber has called for Musk to step down as CEO, citing damage to Tesla's reputation and sales. President Trump condemned violence against Teslas, labeling perpetrators as "domestic terrorists," while Musk remains optimistic about the company's long-term prospects.
Errol Musk, estranged father of Elon Musk, is launching a meme coin called “Musk It” with business partner Nathan Browne, aiming to raise $150 million to $200 million to fund the Musk Institute. Despite concerns over the volatility of meme coins, Errol is unfazed, asserting his role as the family's patriarch. The project, developed in collaboration with a Middle Eastern crypto firm, lacks detailed public information on its tokenomics.
Kimbal Musk
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tesla shareholders consider protests and board changes amid musk's controversies
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