Elon is selling to get money to pay bills. Gotta show you can afford the massive lines of credit.
Comment on Tesla shares slide after judge voids Elon Musk's $56 billion compensation
Deebster@programming.dev 5 months ago
So Tesla gets that $56 billion back? Kinda funny that that causes their share price to drop.
crazyminner@lemmy.ml 5 months ago
bonus_crab@lemmy.world 5 months ago
Well, theyd get the shares back, and then presumably be able to sell them …
Corkyskog@sh.itjust.works 5 months ago
They aren’t real shares, so there is nothing to “turn back” these are stock options.
Think about it like when a Nation State prints money. Do they have to directly steal money to print more money? No, they just turn on the printers and dilute the purchasing power of all the existing money. This is basically the same with Tesla except money = TSLA shares. For every share they print for Elon, it makes all the rest of the shares worth less.
my_hat_stinks@programming.dev 5 months ago
Your mistake there is thinking the stock market has to make sense. For instance, mass layoffs are a huge red flag that a company is failing and in any sane world would instantly tank the value. The stock market instead likes layoffs because it’s not at all interested in what the company actually does, so spending a little less in the short term to produce a lot less long term is a good thing.