Comment on Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas

• Red_October@lemmy.world ⁨11⁩ ⁨months⁩ ago

  He bought it at 44 billion. It hasn’t technically hit zero yet, last valuation I saw was around 20 billion.

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  • PrinceWith999Enemies@lemmy.world ⁨11⁩ ⁨months⁩ ago

    Oh no, the last valuation I saw was one of the banks involved marked their investment down by about 80%, and that was before the X rebranding.

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  • phdepressed@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

    Fidelity marked down their 19.7M holding to 5.6M, extrapolating that -72% to the original 44B purchase and it is worth 12.5B, Musk and company claim its 20B right now. I’m wondering when all the lawsuits i heard about the office space lease nonpayments and worker severance are going to actually go through.

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