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I'm not convinced that selling some of his SpaceX stock on the secondary market is difficult, or that selling some of his Tesla stocks would cause a rout, espec
by bfwi 8y ago
I'm not convinced that selling some of his SpaceX stock on the secondary market is difficult, or that selling some of his Tesla stocks would cause a rout, especially when the immediate consequence would be paying back the debt, thereby saving the company.
But I hope some experts (e.g. stock analysts) would comment on this scenario, I think it's interesting.
- JumpCrisscross 8y ago> I'm not convinced that selling some of his SpaceX stock on the secondary market is difficult Selling SpaceX stock is not difficult per se. The CEO selling his SpaceX stock for the purpose of purchasing shares in a public company, of which he is also the CEO, is. (Source: this is what I do for a living.) > selling some of his Tesla stocks would cause a rout Elon Musk selling his Tesla stock to buy new Tesla shares, thereby giving Tesla cash, wouldn't be a problem. (Though it's a roundabout way for Tesla to issue new shares.) Elon Musk selling his SpaceX stock to buy new Tesla shares would be. It shows Tesla was unable to raise capital in the stock markets.
- stephengillie 8y agoA CEO selling off a large share of stock in the company (s)he's running is a de facto red flag. Often it's headline/breaking news.