He’ll still own *the largest share of Tesla so it won’t change anything.
*Corrected my post but the point remains: he controls the company and their image to such a degree he has to be asked to step away, all in an effort to improve his fortunes primarily.
Musk gets his money from Tesla, and somehow manages to control the company with his minority stake.
The stock holder confirmation of the insane bonus to Musk is evidence of that.
The other investors may be collateral damage. But that’s OK IMO, they support Elon Musk, otherwise they should have gotten out long ago.
It’s a “publicly traded company”, not a “public company” - so a company where anybody who has the money to do so can buy shares in it, not a company owned by the state (which can be States, Regions, Municipalities, the Central Government and so on).
Since a “public company” is one oned by the state, in a Democracy that means every citizen owns part of it and all have an equal share of ownership (via their electoral vote they chose directly or indirectly who manages the companies owned by the state), whilst a “publicly traded company” is only owned by some amongst the public (those who bought shares in it, which can only happen if they had the money to do so) and the sizes of each owner’s stakes are highly uneven with a few owning far, far, FAR larger fractions of the company than the vast majority (so, not at all a democratic system).
He’ll still own *the largest share of Tesla so it won’t change anything.
*Corrected my post but the point remains: he controls the company and their image to such a degree he has to be asked to step away, all in an effort to improve his fortunes primarily.
He doesn’t own Tesla. “Elon Musk Tesla CEO Elon Musk is the largest shareholder in Tesla. With over 410 million shares, Musk holds 12.8% of all Tesla shares.” https://www.investopedia.com/articles/insights/052616/top-4-tesla-shareholders-tsla.asp#%3A~%3Atext=and+State+Street.-%2CElon+Musk%2Cover+410+million+shares%2C+Musk+holds+12.8%25+of+all+Tesla+shares.%2C-4
Musk gets his money from Tesla, and somehow manages to control the company with his minority stake.
The stock holder confirmation of the insane bonus to Musk is evidence of that.
The other investors may be collateral damage. But that’s OK IMO, they support Elon Musk, otherwise they should have gotten out long ago.
The wealth from Tesla is what gives Musk power.
Sure it would.
Tesla is a public company. The public owns it.
It’s a “publicly traded company”, not a “public company” - so a company where anybody who has the money to do so can buy shares in it, not a company owned by the state (which can be States, Regions, Municipalities, the Central Government and so on).
Since a “public company” is one oned by the state, in a Democracy that means every citizen owns part of it and all have an equal share of ownership (via their electoral vote they chose directly or indirectly who manages the companies owned by the state), whilst a “publicly traded company” is only owned by some amongst the public (those who bought shares in it, which can only happen if they had the money to do so) and the sizes of each owner’s stakes are highly uneven with a few owning far, far, FAR larger fractions of the company than the vast majority (so, not at all a democratic system).
You’re on a roll, braniac