The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.
Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.
The reason why that was done was largely to keep debtors and investors from ripping apart a company and then transferring the debt to the ones running it. This would’ve been back when most large companies were trade companies wherein it made a lot of sense, since if the ship goes down you’re fucked regardless time to liquidate the company and payback who you can.
The actual problem is the stock market since it creates fairy tale bullshit that allows Tesla to exist. Remove the stock market and the individual investments become a lot more risky and make bullshit stocks less likely to exist since all stock would be privately traded and their worth based off of company payout.
keep debtors and investors from ripping apart a company and then transferring the debt to the ones running it
So instead we get “vulture capitalism” as an entire ecosystem of companies, doing this but with more diffuse consequences, by spreading out the bag holders far and wide (but always among the powerless). Fits like a glove with the general “privatize profits, socialize losses” general strategy of wealth extraction we like so much.
Corporate person-hood is a stain on humanity and the world. We should never have shifted culpability and direct experience of negative consequences away from human beings, ever.
The reason why that was done was largely to keep debtors and investors from ripping apart a company and then transferring the debt to the ones running it. This would’ve been back when most large companies were trade companies wherein it made a lot of sense, since if the ship goes down you’re fucked regardless time to liquidate the company and payback who you can.
The actual problem is the stock market since it creates fairy tale bullshit that allows Tesla to exist. Remove the stock market and the individual investments become a lot more risky and make bullshit stocks less likely to exist since all stock would be privately traded and their worth based off of company payout.
So instead we get “vulture capitalism” as an entire ecosystem of companies, doing this but with more diffuse consequences, by spreading out the bag holders far and wide (but always among the powerless). Fits like a glove with the general “privatize profits, socialize losses” general strategy of wealth extraction we like so much.
Corporate person-hood is a stain on humanity and the world. We should never have shifted culpability and direct experience of negative consequences away from human beings, ever.