I suspect the one thing keeping Tesla from bankruptcy was the irrational cult of personality built around its founder. With him gone, the whole, hollow structure will collapse.
These are incredibly expensive, software intensive cars. When the company goes bankrupt, it won’t be like Studebaker. Studebakers were standard cars anybody could keep running for decades. Not so with Teslas. For all practical purposes, no one but the dealer can work on them. People are going to be angry.
Hopefully, Tesla hasn’t become to politically important to fail. I am tired of the endless bailouts.
Your point is correct....once they find out that only the Tesla geeks can repair them...this whole game ends. Tesla is a big deal now in Germany, with lots of people curious enough to buy them.
Course, we may wake up to find some company having bought Tesla on the cheap, and market them in a different way.
The big holders (GS and others) will get out over the next month... their retail side is finding buyers for their Tesla inventory ,, I expect to see a lot of sideways churn while they play the “you buy while I get out” game.
Well, Musk is not gone; he remains as CEO.
It was a pretty cheap deal with the SEC: resign as Chairman of the Board and pay $20 million. That’s it.
He is far from gone. He is (and will remain) CEO. He is no longer the chairman of the board.