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With 250$ per share he can buy 0.2 * 250/420 = 12% of the shares. And in that case he would not have any shares left. Again buddy, this does not make ANY sense.
by pooya13 8y ago
With 250$ per share he can buy 0.2 * 250/420 = 12% of the shares. And in that case he would not have any shares left. Again buddy, this does not make ANY sense.
- vannevar 8y agoAnd yet today that's exactly what he said he's going to do (though he hasn't disclosed the price of the private interest he's selling, only a rough estimate of the total proceeds). Musk disagrees with your math though; he expects to buy 1/3 of the shares, not 12%. But I'm sure he hopes it will be less. And of course he's not doing it all himself. He'll have shares left, he's just going to have to take a haircut.