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Um, is that Bezos or the AWS account of the company? Alas, our hope to recover whatever social benefit was in SpaceX and Tesla is with Bezos's companies, altho
by AtlasBarfed 2y ago
Um, is that Bezos or the AWS account of the company?
Alas, our hope to recover whatever social benefit was in SpaceX and Tesla is with Bezos's companies, although at least the EV space is more diverse. SpaceX cannot be wrested from Musk and TSLA and its board is preferred-stock controlled by Musk.
- lotsofpulp 2y ago> TSLA and its board is preferred-stock controlled by Musk. Any source for this? I can’t find anything that says the Musk has enough voting power in Tesla to not need others’ votes: https://www.techopedia.com/largest-tesla-shareholders https://www.techopedia.com/largest-tesla-shareholders This is a pretty in depth analysis that shows that Musk needed retail votes for last year’s compensation and re-domiciling votes: https://clsbluesky.law.columbia.edu/2024/07/01/how-tesla-pumped-the-vote/ https://clsbluesky.law.columbia.edu/2024/07/01/how-tesla-pum...
- rtkwe 2y agoTesla actually has a 1 share 1 vote right now but it also has super majority voting rules which means Musk's ~22% stake is nearly a veto unless the entire rest of the stockholders vote for a measure he's against. 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...
- lotsofpulp 2y agoThat is an Apr 2018 article. Elon has a substantially smaller share now. From first link in above post: > Elon Musk is the largest individual Tesla shareholder, with 410.79 million shares, representing 12.8% of Tesla ownership as of December 2024. https://www.secform4.com/insider-trading/1494730.htm https://www.secform4.com/insider-trading/1494730.htm