Elon stake no longer capped at 15%. Lfg
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Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here.
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"There will be distractions ahead" okay dude who calls immensely entertaining corporate dramas "distractions"
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Very good point! No cap.
Still shame he won't be at those board meetings to "get the powers that be" to start paying attention.
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Stocks as collateral in loans. As of 2019, from what I recall, 40% of Elon's stake in SpaceX was levered. Stock might not go up that much, but he's getting plenty of options.
It will be interesting what Elon tweets next. I can't wait.
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Replying to
wait is that how it works? you cant own more than 15% if you have a board seat?
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They were gonna make him sign a specific contract
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Love this energy 🥲
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