Elon Musk forced to step down as chairman of Tesla, remains CEO

submitted by Mnemonic from theverge.com

all 6 comments
sorted by:
top
newinsightfulfun

[–]Tom_Bombadil 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (0 children)

I'm guessing this is a planned strategy. Tesla is somewhat mature.

He's probably more interested in SpaceX, and wants to focus on getting to Mars. Getting to Mars in the kind of thing that cements your place in history for all time. No one remembers the second person that climbed Everest.

They'll also likely bring him back in two years, and the stock price will soar. Similar to what Jobs did for Apple.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

"The 40 million dollar tweet". Ouch.

[–]Mnemonic[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Well according to some it was a strategy to get rid of the shortsellers trying to ruin the company for profit. If that's the case and if it worked, 40 million to save Tesla is a bargain.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

There's always short sellers though, and likely they'll still be there until Tesla supply can meet demand.

If anything, getting removed as chairman would make the short sellers happy go away, but he could have just stepped down and saved the $.

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

He was nothing but a figurehead for a military front.

[–]Mnemonic[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yeah mean like Bruce Wayne stepping down as chairman of Wayne enterprise but continuing as CEO, because his vigilante military fury persona hobby costs too much time?