3 ms·
Yes, 230 vs 250bn isn't much of a difference. However the question is liquidity. If he has to sell 20bn of Tesla stocks that may lower the value of Tesla, thus
by johannes1234321 4y ago
Yes, 230 vs 250bn isn't much of a difference. However the question is liquidity.
If he has to sell 20bn of Tesla stocks that may lower the value of Tesla, thus pull his net worth down.
In addition some of his sponsors might pull out of the deal after seeing his erratic handling of the case, thus he has to provide even more liquidity. Which means selling off more Tesla, which reduces his control.
- FormerBandmate 4y agoThis already happened. Tesla is one of the most liquid stocks in the world (check their volume and option chain), it didn't effect their stock price much
- 93po 4y agoElon has more money than God. Boo hoo 20bn less of Tesla stock. It means literally less to Elon than $40k does to me as a tech worker which is very little.