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From the press release, it appears that the capital raise is "only" $1.4 billion -- the remainder is Elon Musk selling shares to cover his tax liability for sim
by marvin 10y ago
From the press release, it appears that the capital raise is "only" $1.4 billion -- the remainder is Elon Musk selling shares to cover his tax liability for simultaneously exercising options from 2009. Hopefully 1.4 billion is enough.
- dsugarman 10y agoI don't think it is, I am guessing they are going to go back to the well when the stock price is higher, but I don't really like that strategy.