Sales tank as investors get ready to decide whether to make Musk a trillionaire.
Tesla’s shareholders are ready to vote tomorrow on whether to give Elon Musk an even more vast slice of the company in an effort to keep him focused on selling electric vehicles. Currently, the trolling tycoon appears a little obsessed with the UK, a place he appears to conflate with Middle Earth, which investors may or may not take into account when making their decision. What they ought to take into account is how many cars Tesla sold last month.
Although Tesla only publishes quarterly sales figures and does not divide those up by region, slightly more granular data is available from some countries via monthly new car registrations. And the numbers for October, when compared year on year to the same month in 2024, should be alarming.
It’s never enough. You get to a point you don’t ever want to live below your means ever again. To stay at that level you want double, triple what you have now so you can stave the losses of the next crash. The greed grows.
You get to a point where you worry something or someone outside of just recessions will take it away because you’ve seen it happen to others and you’ve worked too hard to get it. The greed grows.
The sad part is this isn’t something new nor isolated and every single human being is capable of it because greed literally is a survival instinct in all of us.
The only only only resolution is to go back heavy taxation. For the US, that means to pre 1960s and post US Civil War 1860s taxation when top earners paid up to 90% tax on ALL 100% of their earnings no matter how it was made.
If it was only that, 100 million would still be enough for a very luxury lifetime. It’s more of a kick for them, like in gambling.
Yes, that’s another possibility, but not the only one. Greed manifests differently for everyone.