KEY POINTS
Elon Musk said he would form a new political party called the “America Party.”
Tesla shares fell Monday after Musk’s announcement.
Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.
Won’t happen. His board are all sycophants.
Then Tesla’s investors should organize a class action suit against the board, for acting against their best interests.
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And yet, he’s costing the rich a ton of money by tanking the value of his stock. That should take precedence over whatever “the board” decided to give him. The investors are the priority in a capitalist system…not the board. The board’s job is to maximize investor returns. That’s all.
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So you think rich people don’t care about losing money? I’m not sure you understand what I’m talking about.
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