$Tesla Motors(TSLA)$ The scale of Musk’s grift and greed is unprecedented. The Total profit for Tesla in its existence is 34 billion. That doesn’t subtract all the losses up to 2021 when Tesla first turned a profit. Musk was awarded hundreds of billions of stock options Prior to the 56 billion the court voided.
He used a good chunk to fund the purchase of Twitter, fund Space-X and the Boring Company and his AI company.
If Musk gets shareholder approval, I bet he sells a big chunk of his pledged shares and replaces them with the restricted new shares. Tesla stock tanks.
If the 56 billion is denied, he’ll throw a tantrum and hopefully for Tesla’s sake he quits.
Tesla needs cash in the next year with an increasing negative cash flow.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments