Tesla is the worst-performing stock in the S&P 500 this year so far
https://t.co/rHFluvjGsn- Quartz (@qz)
February 5, 2024 Elon Musk puts the poor in Standard & Poor's 500 list. That means they're doing worse than Boeing, a company who lost a PLANE DOOR midair and wheels on the tarmac.
Because Tesla is a publicly traded company, we have the pleasure of reading their
annual report, where the self-aggrandizing Musk is described as a Technoking????????
We are highly dependent on the services of Elon Musk, Technoking of Tesla and our Chief Executive Officer. Although Mr. Musk spends significant time with Tesla and is highly active in our management, he does not devote his full time and attention to Tesla. Mr. Musk also currently serves as Chief Executive Officer and Chief Technical Officer of Space Exploration Technologies Corp., a developer and manufacturer of space launch vehicles, Chairman and Chief Technical Officer of X Corp., a social media company, and is involved in other emerging technology ventures.
Welp! I think it's unlikely the so-called Technoking will win back that $200 billion in lost shareholder value. We're only one month and nine days into 2024, and it's not looking so good for Local Man.
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