pm1 | Wall Street Memes

An activist investor on the Tesla board proposed a vote to forbid leadership from making political statements, endorsements, and contributions, but it was shot down by the rest of the board after they ran crying to mom (the Securities Exchange Commission).

The SEC ruled that the board didn’t have to bring the vote to investors, which is great because does Tesla know who their boss is? Boy, that could have been awkward.

The proposer of the vote, Jay Butera, said that he didn’t want to see Tesla, “Jeopardized by unnecessary forays into the endless friction of human politics.” As opposed to what other kind of politics? What is he, an alien? “The Tesla brand, and its mission, should stay above that fray.”

Butera is, of course, alluding to their noble and glorious leader, Elon Musk, whose recent foray into the endless friction of human politics has left the Tesla brand irreparably dragged into the fray. Tesla stock took some hits way back when he decided to staple himself to President Donald Trump. Then it took some more hits when he decided to rip himself away from Trump and form his own political party? What, why?

Yeah, definitely the sort of thing that an electric car company CEO should be up to.

So Butera’s proposal might have been savvy but what are you going to do? Piss off the guy who invented electricity? The guy you just gave a trillion dollars to? No, bad idea.

Either way, Tesla’s a public company and right or wrong, the SEC called the move an attempt by the board to micromanage the company through investor votes. So maybe fair’s fair.

“Calling the proposal ‘micro-management’ seems ironic because my proposal was trying to address a nearly existential problem for the company,” said Butera. Oh, shit, that’s a good point too. Ok, well now I don’t know what to believe. Boy, this whole story’s been a roller coaster hasn’t it?

Who’s to know what will happen next. It seems unlikely that Elon will run in the next election mostly because it’s illegal but maybe if he can befriend the President after Trump (probably Trump again) maybe he can persuade him to change the law and make it not illegal for South Africans to run.

#MuskVance2028

For more on who’ll be our next President, read this: White House To Start Using Grok, MechaHitler To Run In 2028