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Tesla deliveries down 43% in Europe while EVs are up 31%

(electrek.co)
188 points zfg | 9 comments | 25 Mar 25 13:11 UTC | HN request time: 0.522s | source | bottom
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snapcaster ◴[25 Mar 25 13:16 UTC] No.43470829[source]▶
This is so weird, did he miscalculate how intense the backlash would be? or he truly doesn't care?
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dartos ◴[25 Mar 25 13:18 UTC] No.43470861[source]▶
He doesn’t care. Spacex is more important for him, personally. He has a larger stake (percentage wise) in spacex.

Also, Tesla just jumped bc Musk said that there’s going to be full sell driving in china…. Next year…

We’re back to 2017-era strategies but in china this time.

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1. gcr ◴[25 Mar 25 13:29 UTC] No.43471007[source]▶
Idc about him, but I’m curious about the board. Why don’t investors care? Doesn’t the CEO have fiduciary responsibility to not tank the company in a worldwide market?

If Sundar or Tim reduced market penetration across EU by 43% they’d get recalled in a quarter.

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2. kccqzy ◴[25 Mar 25 13:34 UTC] No.43471097[source]▶
The board is full of his cronies.
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3. ◴[25 Mar 25 13:38 UTC] No.43471145[source]▶
4. dartos ◴[25 Mar 25 13:41 UTC] No.43471190[source]▶
The board for Tesla?

It’s because musk is the Tesla stock price. The entire valuation of that company is based of the force of personality that musk has.

If they ousted musk, the Tesla shares would be worth less than any other auto maker instead of more than all of them combined.

> Doesn’t the CEO have fiduciary responsibility to not tank the company in a worldwide market?

I don’t think this is necessarily true in a legal sense

5. ZeroGravitas ◴[25 Mar 25 13:53 UTC] No.43471332[source]▶
And this is currently the official stance of the courts in Delaware. He got denied his 50 Billion bonus because he was effectively "negotiating with himself" and so looting from the other shareholders.
6. acdha ◴[25 Mar 25 16:36 UTC] No.43473223[source]▶
They do have a duty to look after the health of the company but in this case it’s complicated because the time to do something was years ago (say, when it was first obvious he’d been lying about FSD). Tesla is wildly over-valued as a car manufacturer or even a large tech company, and that’s all due to Musk’s ability to talk it up. If they act against him, the share price will drop significantly and stay there, because there are a lot of car makers and Tesla just isn’t a standout in 2025.

That’d be best for the company long-term but they’d have to survive the inevitable lawsuits first, not to mention the high likelihood of physical violence if Musk tweets about it. I think the board are basically sitting around praying that the horse learns to sing before they’re forced to act.

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7. ◴[25 Mar 25 16:58 UTC] No.43473452[source]▶
8. busyant ◴[26 Mar 25 00:32 UTC] No.43477629[source]▶
> I think the board are basically sitting around praying that the horse learns to sing before they’re forced to act.

I know this is off topic, but I find that sentence beautiful. Is this a common idiom or did you just come up with it?

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9. Symbiote ◴[26 Mar 25 11:33 UTC] No.43481028{3}[source]▶
It's an idiom, though I don't know how common it is. I've heard it before, but not at all often.

https://websites.umich.edu/~jlawler/aue/sig.html