the way i understand it, the company has an obligation to fulfill “shareholder’s requests”, which is maximizing profits in 99% of cases, at least on publicly traded companies.
There’s no such thing. There COULD be something like shareholders voting on smthing and those votes are binding, but the agenda is declared by the company and can be only shiet like dividends rate, certain acquisitions, etc. Not the company strategy itself.
I’ll assume that is a rhetorical question? I mean, it’s obvious why Tesla has been going off a cliff and continues doing so
It was 10x overbloated at the least, it’s CEO is publicly a nazi, most claims that Tesla can do were all lies for over a decade now, the only new design it came up with is the cyber truck garbage container, the quality of all the cars is shit (even though they’re overpriced) with the cybershit being literally more explosive than a Ford Pinto, and now there are way WAY cheaper options competing with Tesla. Then add to that that Tesla just decided to give the CEO 26 some billion dollars because that is apparently okay to do during a shitshow like this
Anyone still investing in Tesla gets what they deserve, you’re an idiot if you do
Mmhmm compare that with the sales numbers, then compare against any company in history which has had a similar sales pattern for a publicly traded company.
Publicly traded companies have to continually make more money than they did last month, last quarter, same time last year.
Failing to do so means they are somehow “losing” money that is “rightfully owed” to them and the stock market punishes them.
It doesn’t matter if you’re profitable or not, so long as you’re continually making more money.
It goes a layer further than that even. If the rate at which that growth is happening isn’t itself growing then investors start getting nervous.
They actually have a legal obligation to maximize profits. It’s insane.
Technically they don’t - it’s a lie told often by CEO. But its a lie. https://law.stanford.edu/wp-content/uploads/2023/01/Fiduciary-Duties-of-the-Board-of-Directors.pdf
the way i understand it, the company has an obligation to fulfill “shareholder’s requests”, which is maximizing profits in 99% of cases, at least on publicly traded companies.
Same document, section about Shareholders.
There’s no such thing. There COULD be something like shareholders voting on smthing and those votes are binding, but the agenda is declared by the company and can be only shiet like dividends rate, certain acquisitions, etc. Not the company strategy itself.
Yeah, except for Tesla, how the fuck man.
I’ll assume that is a rhetorical question? I mean, it’s obvious why Tesla has been going off a cliff and continues doing so
It was 10x overbloated at the least, it’s CEO is publicly a nazi, most claims that Tesla can do were all lies for over a decade now, the only new design it came up with is the cyber truck garbage container, the quality of all the cars is shit (even though they’re overpriced) with the cybershit being literally more explosive than a Ford Pinto, and now there are way WAY cheaper options competing with Tesla. Then add to that that Tesla just decided to give the CEO 26 some billion dollars because that is apparently okay to do during a shitshow like this
Anyone still investing in Tesla gets what they deserve, you’re an idiot if you do
Mmhmm compare that with the sales numbers, then compare against any company in history which has had a similar sales pattern for a publicly traded company.