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by dimava 6 days ago
1. Owning your own company stock is not having money, it's merely ability to control the company. Elon tries to be BDFL of his companies, so selling the stock is not really an option.

2. Stock valuation and money are not the same thing. As you could've noticed from the recent Bitcoin price drop, the moment you start selling it it starts to worth less. Tesla is bubble-priced, so it's sell price is at least 5 times less then valuation

3. Even if you get the money, distribution is much harder problem then you think after agreeing with this sensense. IIRC it was Musk who said "So you say you can fix the world hunger for $nnn? Bring me the plan how you are going to do it. Noone brought me a plan so far".

1 comments

Sure. If you completely ignore the ability to borrow against your assets at extremely low rates. And those assets include stock.