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As of February Elon owns 22%. He and other board members/early investors are individuals so I don't see how it is weird to include them, though.
by tcoppi 9y ago
As of February Elon owns 22%. He and other board members/early investors are individuals so I don't see how it is weird to include them, though.
- jfoutz 9y agoAh, OP's assertion was the price is crazy from retail investors, which i assume would be non-institutional, non-insiders. It's impressive that a few % of owners can double the share price. Unless, they meant Musk was buying shares at $350+
- tcoppi 9y agoI mean, I don't think that is what is happening right now, but you might be surprised what it takes to move a market sometimes. The Flash Crash[1] was caused by a single individual. Granted he was playing with futures and you can get some insane leverage with a modest account there, but it is within the ability of a couple of individuals with six-figure accounts to make some well placed bets and move a market significantly. 1.https://en.wikipedia.org/wiki/2010_Flash_Crash#Evidence_of_market_manipulation_and_arrest https://en.wikipedia.org/wiki/2010_Flash_Crash#Evidence_of_m...
- consz 9y agoHow much faith do you have in the statement that the flash crash was actually caused by a single individual?
- tcoppi 9y agoHe definitely set off a chain of events that caused automated market makers to re-evaluate their idea of a fair market value rapidly in the downward direction, and it cascaded from there.
- gertef 9y agoIndividuals who are company insiders or own a substantial portion of shares, are of a different character from small outsiders.