4 ms·
Worth noting that Tesla didn't really experience those losses due its special stock issuance to Musk to cover the portion of the fine that was due to Tesla. The
by tanderson92 8y ago
Worth noting that Tesla didn't really experience those losses due its special stock issuance to Musk to cover the portion of the fine that was due to Tesla. The only material effect to Tesla's corporate finances from that debacle was Musk now has more concentrated equity ownership of the company.
- kgwgk 8y agoI think that money helps on the cashflows side, but not in the income statement.
- erikb 8y ago> Musk now has more concentrated equity ownership of the company You mean Musk gained control through that, not lost it? How so? That's quite different an assumption from what I expected.
- tanderson92 8y agoCorrect. Details can be found discussed in the "Tesla" section of this link: https://www.bloomberg.com/opinion/articles/2018-10-22/front-running-amazon-with-buildings https://www.bloomberg.com/opinion/articles/2018-10-22/front-... Yes, it's an interesting result of corporate mismanagement, that he gets to sign off (with board approval, but let's be honest about the control they have) on even more equity stake. However, he did have to give up the chairmanship, so overall he lost control of the company though in this dimension (portion of equity ownership) it is an interesting curiosity and contradiction.