Tesla has created so much shareholder value that the company itself can't deliver the actual value to back what the shares represent. The board is known to be very favorable to Elon Musk, you know, kind of packed with a lot of people who are close to him. Tesla has become too much of this Ponzi or some whatever it is, right? Like, it's too dis- remediated from the fundamentals for for activist investors to come in and crack skulls.
Paris Marx is joined by Edward Niedermeyer to discuss the rollercoaster ride of Tesla’s share price, the escalating regulatory and legal scrutiny the company faces, and the challenges it faces in the electric car market.
Edward Niedermeyer is the author of Ludicrous: The Unvarnished Story of Tesla Motors and a co-host of The Autonocast. You can follow Edward on Twitter at @Tweetermeyer or on Mastodon at @niedermeyer@sfba.social.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
The podcast is produced by Eric Wickham and part of the Harbinger Media Network.
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