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Technology and related articles and discussion
Elon Musk forced to step down as chairman of Tesla, remains CEO
submitted 1 year ago by Mnemonic from theverge.com
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[–]d3rr 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 1 year ago (2 children)
"The 40 million dollar tweet". Ouch.
[–]Mnemonic[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - 1 year ago (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.
[–]d3rr 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 year ago* (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 $.