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Elon Musk Begs Tesla Staff Not to Sell Their Stocks
Elon Musk Begs Tesla Staff Not to Sell Their Stocks
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Elon Musk Begs Tesla Staff Not to Sell Their Stocks
Keep it going. Canada, you're doing great.
159 comments
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Musks Tesla stock holdings make it so that even if he were kicked out as CEO, the company would continue to be viewed as his personal piggy bank, and likely continue to face backlash for the stuff Musk is doing. Him liquidating his stock position would crater the stock price. It's pretty well cooked.
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Yup, there is no way out of this now, and people know that. Even if there was a stock buyback, it's not going to save it from certain death.
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Even if there was a stock buyback,
This is just a different way to issue dividends.
Do you mean a management buyout?
But yes Tesla is cooked. The only way out is to remove the taint of Musk. Would mean the financial equivalent of Musk chopping 2 legs off. He doesn't realise they are already full of gangrene.
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Yes, I meant for internal stockholders to lessen the damage. Nothing they can do. I believe a large portion of their workforce was taking stock as compensation for a long time in lieu of cash, so this is just a harsh reality for them.
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159 comments