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Joined 11 months ago
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Cake day: August 16th, 2023

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  • The CEO is chosen by the board, which is chosen by the shareholders. The shareholders have the ultimate power, if they can unite on a goal/decision. Overwhelmingly, the only thing they can agree on is that they want to make the most money. They often can’t even agree on how to go about that.

    So, the board won’t fire him because the shareholders won’t force it. The shareholders won’t force it because they want the most money, and musk as CEO seems to be the best path, or at least not a problematic one.

    As for how that can be, it gets into how absurd Tesla stock is in the first place. There was a period where Tesla’s market cap (total value of all shares) was higher than the entire rest of the auto industry combined. This was despite having no feasible path towards that level of production, and even growth in general wasn’t looking too hot.




  • This is correct. $100 used to be the standard, and a notice on many pumps still says that. If you are using credit, it shouldn’t be a big deal. You really shouldn’t be using credit right up to the limit anyway, so a few days shouldn’t be a big deal.

    OTOH, if you are using debit (or similar), that’s actual money out of your pocket that you can’t spend.

    I recommend using a credit card anyway, since there are many with completely free rewards. Some even have 5% cash back, which is money right back into your pocket.