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paulkienitz

(1,296 posts)

2. I bet what he really wants is a way to trade away overvalued Tesla shares without appearing to sell.

Reply to Nevilledog (Original post)

Fri Apr 15, 2022, 02:44 PM

Apr 2022

Tesla stock is immensely valuable but also extremely illiquid, because being seen to sell it off would tank its inflated price. So what he's looking for is a way to trade stock in Tesla for stock in something else that is less overvalued. This would allow him to sell back part of it and realize some gains. Otherwise, though on paper he's the richest guy in the world, he can't extract those riches as cash. If he buys Twitter in a stock swap, he can sell parts of it for actual money, which today he can't do without popping the bubble.

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Elon Musk Has a Kink [View all] Nevilledog Apr 2022 OP

His newest kink. In the elevator with Amber Herd. While she was married to J Depp! Budi Apr 2022 #1

Wait, someone suing somebody can subpoena a third party's texts? intrepidity Apr 2022 #4

Right as can be. Since Elon is included in the $50 mill suit Budi Apr 2022 #6

Oh, so he's a defendant too? Or just a witness? intrepidity Apr 2022 #8

Ya. He's being sued as part if the defamation case against Depp's ex. Amber Herd. Budi Apr 2022 #13

I bet what he really wants is a way to trade away overvalued Tesla shares without appearing to sell. paulkienitz Apr 2022 #2

I have said this before. After a certain amount of money, it becomes about power. Caliman73 Apr 2022 #3

+1000 smirkymonkey Apr 2022 #7

Musk is a disease n/t geardaddy Apr 2022 #5

Musk is a narcissistic troll. zuul Apr 2022 #9

"Elon Musk Has a Kink"..like the bent carrot syndrome? there is meds for that...I think... mitch96 Apr 2022 #10

Meanwhile... AntiFascist Apr 2022 #11

We never needed Elon Musk, the shyster. Budi Apr 2022 #14

Here's my summer fantasy: hunter Apr 2022 #12