4 ms·
I have no idea where you'd get the notion that profitable companies don't need to borrow money for large capital investments.
by nightski 5y ago
I have no idea where you'd get the notion that profitable companies don't need to borrow money for large capital investments.
- bryanlarsen 5y agoHe didn't borrow money. They issued stock. Significantly, this reduced Elon's share below 50% which I doubt he would have done lightly.
- HWR_14 5y agoDid he retain 51% of voting rights? A lot of people (e.g. Brin, Zuckerberg) own way less than 50% of their companies but still maintain control.