• @Dave@lemmy.nz
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    163 months ago

    Always in my mind is that this was part of the plan. If Tesla loses all this value then Musk can buy up the stock and take full control.

    Its worth considering when you see the S&P 500 falling, too. Maybe it’s all in the plan.

    • @takeda@lemm.ee
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      133 months ago

      I hope he does that.

      The value dropped because of him, so likely would drop even faster.

        • @takeda@lemm.ee
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          23 months ago

          If he does that it no longer will be a publicly traded stock though. Look at Twitter, the stock is gone the moment he purchased it.

    • @TankovayaDiviziya@lemmy.world
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      53 months ago

      We’d like to think that it is part of the plan, but it is reported that Musk is pissed at the tanking stocks. And if he isn’t rightfully pissed, Trump would not have tried to convince people to buy Tesla.

      I think there is no plan, but merely opportunity. You know what people say, don’t let a crisis go to waste. It is a rule of thumb for businesses and investors. The stocks go down, just buy thr dip.

    • mosiacmango
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      3 months ago

      He takes loans against his tesla stock to have money to spend at all. The 12 billion he raised for his share of twitter used Tesla stock as collateral. If im not mistaken, if tesla stock falls another 300 billion, those loans will get called and he will have to liquidate a huge chunk of Tesla stock.

      Losing the value of the thing to get money is not a good way to use that thing to get more money to buy more of that thing.

      Elon won’t be able to buy more tesla. Somebody may buy more of Tesla to have control over Elon though.

      • @Dave@lemmy.nz
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        13 months ago

        Maybe that’s it. Maybe Elon is just another puppet, doing the bidding of someone else because he’s got himself into a pickle he can’t get out of.