If Elon leaves, Tesla is cooked. Tesla nosedives every time his focus is on something else which is what's happened since he purchased Twitter, became a political activist and then left to work with Trump. The only reason Tesla trades at such high valuation is because of Elon and the cult following he built around the vision for the company. As soon as he's out of there the stock will lose all of its premium. Institutional investors like Ron Baron who are open supporters of Elon's vision will leave and the business will go to carmaker-like or negative margins. There is absolutely no evidence that Tesla can function at all without Elon but there is plenty of it floundering when he's not focused on it.
This sounds like all upside for the company eventually if it actually is capable of being a good car company. The stock goes down to the price of a car company and the company needs to focus on making good cars instead of wildly flailing around to different distractions.
So you're saying that existing shareholders should vote to shelve the company's plans to expand into autonomous driving, robotics and energy storage and convert the company into a traditional car company?
Yes. Camera only self driving is proving out to be a failure and the two other aspects should have been part of a different company. I don't own stock in Tesla so I don't care if the price drops while the company becomes a car company again.
