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Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas (www.forbes.com.au)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas::Billionaire Elon Musk justified the decision on the results of an unscientific poll run on his X account a day earlier.

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[–] Red_October@lemmy.world 15 points 9 months ago (2 children)

He bought it at 44 billion. It hasn't technically hit zero yet, last valuation I saw was around 20 billion.

[–] phdepressed@sh.itjust.works 4 points 9 months ago

Fidelity marked down their 19.7M holding to 5.6M, extrapolating that -72% to the original 44B purchase and it is worth 12.5B, Musk and company claim its 20B right now. I'm wondering when all the lawsuits i heard about the office space lease nonpayments and worker severance are going to actually go through.

[–] PrinceWith999Enemies@lemmy.world 3 points 9 months ago

Oh no, the last valuation I saw was one of the banks involved marked their investment down by about 80%, and that was before the X rebranding.