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Joined 2 years ago
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Cake day: August 24th, 2023

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  • The realistic issue is he doesn’t need the money. No one needs that amount of money. And to be honest, it’s not money, it’s unrealized wealth in stocks.

    He wants more control of Tesla.

    When Tesla was incorporated, they decided not to have dual class shares as it was more frowned upon at the time, so it’s impossible to grant him voting shares, that at the same time aren’t worth anything stock price wise.

    Companies like Meta have this dual share structure and it’s how Zuckerberg has majority control (58% voting rights) but does not have the value of majority of shares. If Meta didn’t have dual shares and Zuckerberg still had 58%, he’d be worth $899 billion at todays stock price.

    The really stupid thing is that Musk had greater control, and then he sold it off to buy Twitter because suddenly Twitter was this life or death for humanity thing to him (lol). This was AFTER for years saying he’d never sell his shares, he’d be first in last out, except for some charity stuff and living expenses.

    So we have undeniable proof he’s willing to say he won’t sell shares, and then at a whim buy something worth tens of billions, so without a doubt in my mind, if he gets this extra trillion, his words are worthless on not spending it. He’ll wake up one day and decide to save rule the world he needs to buy CNN, CNBC, PBS etc etc and control everything.

    You could also see when he sold stock to buy twitter, that even though on paper he was worth $XYZ the moment he started selling billions of stock, the price plummeted, because the stock price doesn’t actually represent real money, it’s all unrealized until someone tries to use it.












  • What I find interesting is this is something that many people can actually validate themselves, but won’t. It’s one thing to talk about global politics and have a position and be undeterred from it with no real way to concretely get an answer on something, or maybe something that’s unobtainable to them, or would cost a lot of money to verify, but there are numerous L2 systems out there today that anyone can go test drive on the highway and find out for themselves, but many won’t even do that.

    The only real excuse would be that you’re too young to test drive a vehicle. Other than that, you should be able to at least have an experienced personal opinion on their usage if you wanted to, like that other person who replied to you and said they didn’t like the older version.