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Tesla's Employee Stock Drama: When History Rhymes a Little Too Well
Something feels eerily familiar about the recent Tesla all-hands meeting where employees were instructed to hold onto their plummeting stock. The echoes of similar corporate narratives from the past - Enron, Lehman Brothers, and countless others - are impossible to ignore.
The stock has dropped 50%, and management’s response is to tell employees not to worry and keep holding? That’s not just a red flag; it’s a crimson banner the size of the MCG. Board members and executives have reportedly sold hundreds of millions worth of shares in recent months, yet employees are being told to stay the course. The cognitive dissonance is staggering.