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No one forces anyone to buy Teslas stock to make the price high. If tomorrow Tesla goes bust, Elon’s 400B+ of “wealth” goes bust as well.
by reliabilityguy 1y ago
No one forces anyone to buy Teslas stock to make the price high. If tomorrow Tesla goes bust, Elon’s 400B+ of “wealth” goes bust as well.
- IncreasePosts 1y agoI wonder if there is something you can do with $500B but not with the $200B or so he has from SpaceX?
- reliabilityguy 1y agoHe does not have $200B in cash. It’s all stock — unrealized gains. I am not even sure you can convert it to cash without reducing the value itself. Also, AFAIK, spacex is not publicly traded, where does the $200B figure come from? To be honest I don’t understand this argument of “no one can’t spend billions in a lifetime so no one should have billions at all”. Why do we set a limit on billions? Why do we use the idea of “can’t spend in a lifetime”?
- IncreasePosts 1y agoSpaceX isn't public, but has raised money at a $400+B valuation and Musk owns 42% of that. I have no argument about limiting anyone's money. I'm just wondering if there is a (real, useful) feat he can pull off now with $500B, but that he couldn't do with a mere $200B.
- reliabilityguy 1y ago> SpaceX isn't public, but has raised money at a $400+B valuation and Musk owns 42% of that. The company raised money? I could not find any article that states that, only some rumors about the intent to do so. Regardless, when company raises money its company's money, not Elon's. I would assume that aggressive scaling of rocket building capabilities would require capital, but I have no idea what is the figure needed for that.