The problem is that Tesla is essentially just a pump and dump masquerading as a car company. Their market cap is simply absurd and based on nothing other than Musk’s personality cult. If Musk leaves the company gor whatever reason, the stock will crash and the company will go bankrupt. They have an obscene amount of debt that is backed by Tesla stock, so once thier stock falls below a certain price, all thos loans will demand their loneu back
I’m willing to bet the payday is so he can get his money without selling the stock. If the stock is artificially inflated the balloon will pop eventually. He’s at least smart enough to know that.
The problem is that Tesla is essentially just a pump and dump masquerading as a car company. Their market cap is simply absurd and based on nothing other than Musk’s personality cult. If Musk leaves the company gor whatever reason, the stock will crash and the company will go bankrupt. They have an obscene amount of debt that is backed by Tesla stock, so once thier stock falls below a certain price, all thos loans will demand their loneu back
I’m willing to bet the payday is so he can get his money without selling the stock. If the stock is artificially inflated the balloon will pop eventually. He’s at least smart enough to know that.