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> IMO this Twitter deal has been nothing but bad news for Tesla shareholders Can they do anything about it? Or is he protected like that Facebook Zucker?
by jimnotgym 4y ago
> IMO this Twitter deal has been nothing but bad news for Tesla shareholders
Can they do anything about it? Or is he protected like that Facebook Zucker?
- nradov 4y agoElon Musk is fairly well protected. Tesla corporate bylaws require a supermajority of votes for any major changes, so despite only controlling a minority of voting rights he has an effective veto over any shareholder resolutions. https://www.thestreet.com/investing/stocks/how-elon-musk-controls-tesla-with-only-a-minority-stake-14564491 https://www.thestreet.com/investing/stocks/how-elon-musk-con...