Merlu@lemmy.ml to Uplifting News@lemmy.worldEnglish · 4 days agoTesla’s massive 71% profit loss pushes Elon Musk to limit government work with DOGEsinhalaguide.comexternal-linkmessage-square90fedilinkarrow-up1528arrow-down115
arrow-up1513arrow-down1external-linkTesla’s massive 71% profit loss pushes Elon Musk to limit government work with DOGEsinhalaguide.comMerlu@lemmy.ml to Uplifting News@lemmy.worldEnglish · 4 days agomessage-square90fedilink
minus-squareBytemeister@lemmy.worldlinkfedilinkEnglisharrow-up2·2 days agoIt’s over valued and Elon owns 51% IIRC. So if they kick him out, he sells it all and tanks the value even further.
minus-squarePixxlMan@lemmy.worldlinkfedilinkEnglisharrow-up3·2 days agoHe owns 13%. Still significant, of course. But it’s very unlikely he’d sell them just for payback, since that would massively impact his own wealth. https://www.investopedia.com/articles/insights/052616/top-4-tesla-shareholders-tsla.asp
It’s over valued and Elon owns 51% IIRC. So if they kick him out, he sells it all and tanks the value even further.
He owns 13%. Still significant, of course. But it’s very unlikely he’d sell them just for payback, since that would massively impact his own wealth. https://www.investopedia.com/articles/insights/052616/top-4-tesla-shareholders-tsla.asp