Technology

59622 readers

2786 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

1169

Elon Musk loses fight with ex-Twitter staffer, must pay $600K (arstechnica.com)

submitted 3 months ago by [email protected] to c/[email protected]

53 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 8 points 3 months ago* (last edited 3 months ago) (1 children)

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.

[–] ayyy 8 points 3 months ago (1 children)

Also the shares will be worth more the less it is controlled by him.

[–] [email protected] 5 points 3 months ago* (last edited 3 months ago)

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.