this post was submitted on 13 Aug 2024
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[–] NotMyOldRedditName@lemmy.world 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@sh.itjust.works 8 points 3 months ago (1 children)

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

[–] NotMyOldRedditName@lemmy.world 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.