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Comment on Elon Musk says he needs $1 trillion to control Tesla's robot army. Yes, really.

Actually he doesn’t. Most of his ‘wealth’ is Tesla shares already. Even if he could toss everything he has just toward controlling more of Tesla, and if the shareholders accepted it at current market value, he’d only have a third of the company.

Tesla is crazy over valued for a company that has only been able to be a car company that is in 14th place, yet assessed as being more valuable than all the 13 more successful car companies combined…

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Cethin@lemmy.zip ⁨1⁩ ⁨day⁩ ago
Did you do the math including the shares he already owns? Anyway, he can take out loans with the shares as collateral to buy more shares. I’m pretty sure he could get back 50% control if he leverages his assets. If he actually believes what’s he’s saying, this is a reasonable move.

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- SaveTheTuaHawk@lemmy.ca ⁨1⁩ ⁨day⁩ ago
  
  I’m pretty sure he could get back 50% control if he leverages his assets.
  
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- jj4211@lemmy.world ⁨1⁩ ⁨day⁩ ago
  Yes. Musk’s net worth including his stock is a bit shy of 500 billion, and Tesla market cap is about 1500 billion. His net worth includes all his assets that he could possibly leverage.
  
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