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No, they are not "lottery winners". First of all, they didn't "win" anything. Yes, the Tesla stocks that Musk owns are suddenly valued more on the stock market.
by _ph_ 6y ago
No, they are not "lottery winners". First of all, they didn't "win" anything. Yes, the Tesla stocks that Musk owns are suddenly valued more on the stock market. This isn't money that Musk has at his free disposal, as he cannot just sell large parts of his Tesla stock (both because the question of company control and also because it would greatly harm the company)
And also, it isn't a "lottery". This isn't money invested into random stocks for gains, this is the share of the company owned by the founders which still run the respective companies. This is wealth built by creating those companies not wealth that can be spent.