Tesla investors Are fed up with Elon Musk’s antics (as are potential buyers)and they’re not a fan of another record payday for the CEO if he continues to be one a “part-time” CEO. Shareholders are expected to vote on a new compensation agreement soon musk at this year’s annual meeting afterwards A Delaware court has thrown out a 2018 package worth $56 billion. This number originally came about because people feared that if he didn’t get a big salary, Tesla would have to compete with Musks other companies for his attention, according to Assets. This happened anyway.
Musk hasn’t been paying attention to any of his companies lately either. No, he was much more interested Transphobiaargues against it Diversity in hiring and illegal immigration, and Shit conspiracy theories as a whole. Basically, he’s been the world’s shittiest guy on the internet for a while now. His companies are suffering, especially Tesla, which just reported an absolutely dismal first quarter of 2024. Amazingly, Musk has been posting about it since these numbers were released Disney more than his own automaker on his social media platform Twitter.
Here’s more of it Assets on what people think about Musk’s antics:
[W]While some expressed criticism of his brand of divisive politics, their complaints centered on Musk’s lackluster enthusiasm as CEO of Tesla, which they say too few are willing to display.
Twitter once served as a useful mechanism to give Musk quick feedback from the community, but now some believe the Tesla CEO has skyrocketed his popularity on the platform.
Some Tesla “fans” are now doing petty and possibly even illegal things that directly impact my life – simply because they disagree with what I write.
This is a new low and it won’t work.
You’re messing with the wrong person. I’ve been sued once before, I had…
— Fred Lambert (@FredericLambert) March 13, 2024
“The feedback loop is completely broken and now Elon is basking in the praise of his superfans while branding any legitimate criticism as attacks,” says Fred Lambert, who has previously spoken of falsely putting Musk on a pedestal.
Lambert, CEO of Electrek, spoke with Assetsannounced his involvement the Tesla community goes back to when he was a subreddit moderator. He recently distanced himself from Musk after emails surfaced showing the billionaire had favored him OpenAI become a for-profit company under its control and not that of Microsoft.
“He was always in it for himself,” Lambert wrote at the time, adding, “This is not the man I once considered my hero.”
Speak with AssetsLambert believes the CEO made a strategic mistake by focusing on the expensive stainless steel Cybertruck at a cost of $25,000 Entry level model teased in September 2020 Battery day, which he said would have led to further growth. (Musk now appears to be prioritizing a robotaxi after a Reuters Report on Friday that it has stopped development of the entry-level model on ice)
[…]
Lambert points to a growing divide in the community.
While most don’t care how Musk divides his time as they support the man first and the company second, an increasingly vocal minority wants Musk to fully commit to Tesla’s original mission to decarbonize transportation, for fear that that this plan has been forgotten. The CEO turns to robotics and AI – when he is not publishing his thoughts on X.
Some of Musk’s biggest fans online are losing faith.
New Zealand YouTuber Lee has published over 900 videos dedicated to the company under the Tesla Economist account.
He says Assets He became increasingly critical after Musk broke one promise after another, be it the never-ending wait for the semi, that Roadsters or the Entry level model.
Perhaps the biggest disappointment, however, was the painfully slow progress on Tesla’s vaunted next-generation 4680 cells and the associated failure to reach scale with the innovative dry battery electrode coating, which was a game-changer in terms of capital expenditure and manufacturing costs.
“The company itself has been going downhill since then,” he says.
Musk still hasn’t implemented the second part of his master plan, and yet he’s already predicting that Tesla’s future lies in robotics.
The core car business has now been completed came to a halt and needed a series of price cuts to reach its volume target of 1.8 million vehicles last year.
“I think he saw this coming and sold his shares early,” says Lee.
He also criticizes him for it Popularizing meme cryptocurrency like Dogecoin among his followers, knowing he can manipulate the price with a single tweet.
Similar to his promotion of the Shiba Inu-style digital token, he suspects that many of Musk’s broken promises were little more than an attempt to boost the stock to meet the milestone targets of his huge (and now invalid) pay package.
Okay, I don’t want to give away too much about the Fortune article. You should definitely check out their website and read the story for yourself.