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Private companies are allowed to have up to 2,000 shareholders under they fall under the same SEC reporting requirements as public companies. Tesla could keep b
by Nokinside 8y ago
Private companies are allowed to have up to 2,000 shareholders under they fall under the same SEC reporting requirements as public companies. Tesla could keep big investors and smallish investors with over $1 million in investable assets or yearly income above $200k if they accredited themselves.
Other issue is what kind of owner PIM is. In principle it's long term patient investor.
KSA has a new active prince/ruler that is self assured and proud. He is really sovereign and relationship to him must be well managed. We all know that Musk not a diplomat in his public or private communications.
Saudis have had little bit of cash flow problems because they have constant budget deficit is typically 10-15 percent of their GDP or ~$50B/year and it probably just grows in the future . On paper PIM has $2 trillion in assets, but most of it is Saudi Aramco. Aramco IPO would generate cash flow but it's delayed, probably because there is fair amount of air in the valuation. Saudi Arabia has previously inflated it's oil reserves as a political decision to match some OPEC agreements and real production capacity potential is top secret.
If KSA continues to have cash flow problems and Tesla is disappoints somehow, Tesla may end up at the hands of corporate raiders like Carl Icahn.