Musk says Tesla will hold shareholder vote 'immediately' to move company's incorporation to Texas
www.forbes.com.au
Billionaire Elon Musk justified the decision on the results of an unscientific poll run on his X account a day earlier.

Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas::Billionaire Elon Musk justified the decision on the results of an unscientific poll run on his X account a day earlier.

  • Red_October@lemmy.worldEnglish
    22·
    11 months ago

    He bought it at 44 billion. It hasn’t technically hit zero yet, last valuation I saw was around 20 billion.

    • PrinceWith999Enemies@lemmy.worldEnglish
      71·
      11 months ago

      Oh no, the last valuation I saw was one of the banks involved marked their investment down by about 80%, and that was before the X rebranding.

    • phdepressed@sh.itjust.worksEnglish
      4·
      11 months ago

      Fidelity marked down their 19.7M holding to 5.6M, extrapolating that -72% to the original 44B purchase and it is worth 12.5B, Musk and company claim its 20B right now. I’m wondering when all the lawsuits i heard about the office space lease nonpayments and worker severance are going to actually go through.