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Musk wants to leave politics because he’s tired of ‘attacks’ from the left: report (www.independent.co.uk)

submitted 2 days ago by [email protected] to c/[email protected]

185 comments fedilink hide all child comments

Speculation of Tesla CEO’s possible departure comes as his influence in the administration appears to wane

Elon Musk is reportedly set to leave his government role because he’s tired of the what he sees as a litany of vicious and unethical attacks from the left, according to a report from The Washington Post.

It remains unclear when Musk will depart as head of DOGE; his special government employee status will expire at the end of next month. A person familiar with his thinking told The Post that Musk thinks that his work at DOGE won’t be diminished because of his departure, noting that staffers have already established themselves across a slew of federal agencies.

But speculation of Musk’s possible departure comes as his influence in the administration appears to wane. The New York Times reported last week that the acting commissioner of the IRS was being replaced after Treasury Secretary Scott Bessent complained that Musk had his preferred candidate installed without Bessent’s support. Musk has also annoyed other cabinet members by failing to coordinate with them in cost-cutting moves.

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[–] [email protected] 35 points 2 days ago

I'm almost certain that he has been ordered by his board of directors to get back to work, or be removed as CEO of Tesla.

There is almost certainly a shareholder class-action suit brewing over his reckless and irresponsible behavior over the last several months, which has directly caused severe, and possibly irreparable, damage to the company's brand image AND it's sales around the world, as well as tanking the stock price, an unforgiveable sin in the investing world. Now that the bubble has popped, it will never inflate again. As future earnings reports are released, and sales continue to slide, the stock will continue to decline, and the cycle will continue until bankruptcy. And it is all traceable to Skum's self-indulgent, egotistical behavior.

The only question is will Skum be the only defendant, or will the lawsuit also name the individual members of the board, for not reigning him in, or firing him. They don't want to be sued alongside him, so they are forcing him to get back to work saving Tesla, thus letting them off the hook for legal liability.

Its doubtful Skum will be able to save Tesla at this point, its almost certainly too late. It is also probably too late to avoid a shareholder lawsuit. Investors have lost millions of dollars, not due to the vagaries of the market, but due to Skum's outrageous behavior, which, as CEO, he should have realized would damage his company and its investors significantly.

And arguing that he didn't recognize the danger in advance is no excuse at all for a CEO, who should have been able to predict the response to his self-indulgent ego bender.

Shareholders have lost many millions, and they won't just let that go with an "Oh well." He's likely going to get sued, and the board is just making sure they don't go down with him.