"Top Tesla investor issues brutal ultimatum to Elon Musk as boycott leads to major stock plunge
Ross Gerber, who owns an estimated $105 million in shares of Tesla stock, called on Elon Musk to step down as head of the company, saying that he 'destroyed' the company's reputation"
By Alana Loftus, Boston reporter
08:20 ET, MAR 19 2025
Updated10:58 ET, MAR 19 2025
https://www.irishstar.com/news/us-news/elon-musk-ultimatum-tesla-stock-34891042
Even if Musk steps down, he still holds a massive amount of shares. Thus he would still benefit from every car sold.
I am not buying anything where Musk could benefit even in the slightest.
Precisely, if this guy was serious he'd be telling Musk to close down DOGE and get out of government. That's why people are protesting, and at this point it doesn't matter if Tesla changes hands because it's not solely about Musk, it's about the obscenely rich in general and their attempt to set up an oligarchy.
Trump and Musk are not attempting to "set up" an oligarchy; Eisenhower warned of a growing military industrial complex, and the oligarchy entered full swing by shifting the tax burden from high earners first with the Revenue Act of 1964 (marking a sharp increase of the annual inflation rate to about 4%) and again under Reagan.
According to recent comments from an academic, Trump has recently turned the US away from democracy and into an "electoral autocracy":
"U.S. could lose democracy status, says global watchdog
Trump has escalated an authoritarian turn in last few days"
by Alexander Panetta, CBC News
Posted: Mar 18, 2025 1:06 PM PDT
Last Updated: March 18
https://www.cbc.ca/news/world/trump-democracy-report-1.7486317
Possibly defying a court order. Urging his Justice Department to prosecute nemeses. Repeatedly calling the media 'illegal.' Declaring a predecessor's pardon null and void. U.S. President Donald Trump has done these things in the past few days.
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