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Elon seems to want all the benefits of a public company with none of the obligations. Either way seems more and more that he better be right up there on his hi

Elon seems to want all the benefits of a public company with none of the obligations. Either way seems more and more that he better be right up there on his high wire without a net.

practicalrs 2y ago
I'm not a company law expert. But IMO such actions would not be legal in the EU.
- me_me_me 2y ago
  Its not legal anywhere. A publicly traded company is not your property. Its a legal entity. You cannot exchange any value between two just because you are majority owner of both. Otherwise elon with 51% could start Zesla (own 100% of it) and transfer all assets from Tesla to Zesla.
  - practicalrs 2y ago
    The value of the hardware is around $360 million. What can he get for acting to the detriment of the company in the US?
    - Zigurd 2y ago
      Evidently he can get a $50B payout