Elon Musk becomes world’s richest person as wealth tops $185B

Re:Elon Musk becomes world’s richest person as wealth tops $... by KingMachiavelli on Thursday January 07, 2021 @12:00PM (#25673603)

By nearly every conventional metric, TSLA is overvalued even in comparison to a market that may or may not be also overvalued.

Although, Elon's net worth is the highest, it's nearly all in TSLA stock of which Elon has about ~20% of all shares. If he sold or made this asset liquid, it would decrease his power in his own company. Considering Elon's methods and behavior can be unconventional to say the least, he probably needs to keep as much power as possible.

[ Parent | on HN ]

Re:Elon Musk becomes world’s richest person as wealth tops $... by krcz on Thursday January 07, 2021 @02:19PM (#25675852)

I assume that if he was made to step down from the CEO position, TSLA valuation would drop like a fly - so he could easily re-buy everything he would have sold. I don't think that's the path he is going to take, but it's not impossible.

[ Parent | on HN ]