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Elon Musk loses fight with ex-Twitter staffer, must pay $600K
(arstechnica.com)
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this post was submitted on 13 Aug 2024
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It's interesting how most of Musk's wealth is in stock and such, when people start cashing out on it. What's his liquid wealth?
I assume he's been wealthy for long enough that he's been able to cash out interest and dividends to make him a wealthy man, constantly accruing money simply by having money.
Seeing him tank on everything he touches( bringing down the value), I have to wonder if there is a limit to his liquid funds. The world's richest poorest man or something.
Fuck him and the horse he rode in on.
If he tried to liquidate all of his Tesla shares on the open market over a period of time, I wouldn't be surprised if it was less than half.
SpaceX is another story though as it's not public and he can just do a private sale. He could probably get very close to what his shares are worth, maybe even more as it's value keeps going up each time they raise money.
Also the shares will be worth more the less it is controlled by him.
Maybe longer term, but short/medium term it adds 715 million shares which will increase supply dramatically. The price won't be able sustain that.