Seem like they're taking advantage of a rough patch Elon and Tesla. GM leadership consists of wolves in sheeps clothing.
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Watch the company spend all its money on stock buybacks to raise the stock price.
That way the executives will get more expensive shares of stock when they cash in their options.
It's really all political, which elevates higher than these corporations. Elon didn't get the approval. Tesla valuation before it's decline, was enough to acquire GM, Ford, and Stellantis. To bury them all, or to absorb them. Instead, he goes for twitter. So, it's not about crushing competition, as that would have been the most obvious first choice.