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The transition involves a sale of the non-profit's assets. This is what Elon has offered to buy. They can refuse Elon's offer, but they can't turn around and s
by kweingar 2y ago
The transition involves a sale of the non-profit's assets. This is what Elon has offered to buy.
They can refuse Elon's offer, but they can't turn around and sell the assets 50% cheaper to someone else (as they had previously planned).
- mattmaroon 2y agoSure they can. They're a non-profit, they don't have a fiduciary duty. It may cause some ramifications for the taxes and accounting but they absolutely can since they don't have shareholders.