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But Mr. Musk wasn’t trading on the price swings that his tweets created.
by acchow 6y ago
But Mr. Musk wasn’t trading on the price swings that his tweets created.
- pixl97 6y agoInstead he was forced to buy stock, that later shot up in price making him millions.
- reitzensteinm 6y agoHe wasn't forced to buy stock. It was a PR move so that he was injecting cash equivalent to Tesla's portion of the fine. However, he got stock in return, diluting the rest of the shareholders, so it was quite bizarre. Foregoing reimbursement for private jet travel for a few years would have made actual sense, if his intent was to not punish Tesla for his actions.
- t0mmyb0y 6y agoHow was he not trading? His company always trades the stock.