I’ll wait for the financial analysts that I both trust, and I know hate Musk, before I have any confidence in answering that question.
But… My best guess is that it’s less fanboy worship, and more fear that Musk is the only thing propping up the insane stock price.
I’m assuming that Musk has a very complex web of possibly illegal and highly engineered financial instruments that keep that stock pumping, or at least, not crashing - yet.
Maybe those who voted to approve might be aware, or involved, in that house of cards and believe removing Musk would be akin to blowing on it.
But I’m just pulling all of this out of my ass, so who knows. It might be as simple as the majority of Tesla shareholders who voted, including the institutional one’s, are really just submental morons.
I’ll wait for the financial analysts that I both trust, and I know hate Musk, before I have any confidence in answering that question.
But… My best guess is that it’s less fanboy worship, and more fear that Musk is the only thing propping up the insane stock price.
I’m assuming that Musk has a very complex web of possibly illegal and highly engineered financial instruments that keep that stock pumping, or at least, not crashing - yet.
Maybe those who voted to approve might be aware, or involved, in that house of cards and believe removing Musk would be akin to blowing on it.
But I’m just pulling all of this out of my ass, so who knows. It might be as simple as the majority of Tesla shareholders who voted, including the institutional one’s, are really just submental morons.
This is probably the right answer.