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This raises another issue, that is can he even sell that many shares of Tesla and still stay in control? IIRC he made a comment about how he was "cash poor" a

This raises another issue, that is can he even sell that many shares of Tesla and still stay in control? IIRC he made a comment about how he was "cash poor" a while back and it basically came down to he can't sell more of Tesla/SpaceX without dipping below 51% and loosing control.

rootusrootus 5y ago
> cash poor I wonder what a paper billionaire's definition of 'cash poor' is compared to mine.
- RansomStark 5y ago
  Grimes gave an interview on this: "[Musk] lives at times below the poverty line," Grimes said, per Vanity Fair. "To the point where I was like, can we not live in a very insecure $40,000 house? Where the neighbors, like, film us, and there's no security, and I'm eating peanut butter for eight days in a row?" [0] In the same article Grimes complains Musk wouldn't replace a broken mattress. No idea how Much this shows Musk is cash poor, and how much it shows crazy rich person, but it gives a glimpse either way [0] https://www.businessinsider.com/grimes-says-elon-musk-sometimes-lives-below-the-poverty-line-2022-3 https://www.businessinsider.com/grimes-says-elon-musk-someti...
  - kurupt213 5y ago
    ‘In the same article Grimes complains Musk wouldn't replace a broken mattress.’ That’s just a humble brag.
  - mywittyname 5y ago
    This sounds like Musk being a "eccentric" person. I have a difficult time believing Telsa couldn't put him up in executive housing and cover a security detail. Or, he couldn't send out a tweet and get a $50 million line of credit, uncallable line of credit to live on. Especially given that he can at get 13 billion dollars to acquire another company. I think he likes bragging about being a homeless couch surfer.
  - colinmhayes 5y ago
    Another take from the Journal https://www.wsj.com/articles/elon-musk-says-he-lives-in-a-50-000-house-he-doesnt-talk-about-the-austin-mansion-11640188548 https://www.wsj.com/articles/elon-musk-says-he-lives-in-a-50...
Teandw 5y ago
He's billionaire cash poor which is a lot different to our cash poor.
colinmhayes 5y ago
Musk only controls 17% of tesla votes, he's already out of control.

rootusrootus 5y ago

> cash poor I wonder what a paper billionaire's definition of 'cash poor' is compared to mine.

RansomStark 5y ago
Grimes gave an interview on this: "[Musk] lives at times below the poverty line," Grimes said, per Vanity Fair. "To the point where I was like, can we not live in a very insecure $40,000 house? Where the neighbors, like, film us, and there's no security, and I'm eating peanut butter for eight days in a row?" [0] In the same article Grimes complains Musk wouldn't replace a broken mattress. No idea how Much this shows Musk is cash poor, and how much it shows crazy rich person, but it gives a glimpse either way [0] https://www.businessinsider.com/grimes-says-elon-musk-sometimes-lives-below-the-poverty-line-2022-3 https://www.businessinsider.com/grimes-says-elon-musk-someti...
- kurupt213 5y ago
  ‘In the same article Grimes complains Musk wouldn't replace a broken mattress.’ That’s just a humble brag.
- mywittyname 5y ago
  This sounds like Musk being a "eccentric" person. I have a difficult time believing Telsa couldn't put him up in executive housing and cover a security detail. Or, he couldn't send out a tweet and get a $50 million line of credit, uncallable line of credit to live on. Especially given that he can at get 13 billion dollars to acquire another company. I think he likes bragging about being a homeless couch surfer.
- colinmhayes 5y ago
  Another take from the Journal https://www.wsj.com/articles/elon-musk-says-he-lives-in-a-50-000-house-he-doesnt-talk-about-the-austin-mansion-11640188548 https://www.wsj.com/articles/elon-musk-says-he-lives-in-a-50...

Teandw 5y ago

He's billionaire cash poor which is a lot different to our cash poor.

colinmhayes 5y ago

Musk only controls 17% of tesla votes, he's already out of control.