Re:Elon Musk drops suit against OpenAI and Sam Altman
by rayiner on Tuesday June 11, 2024 @07:52PM
(#40653026)
The stock price increase directly benefits Tesla shareholders. It also reflects revenue growing by 5x since 2018 and the company becoming profitable since 2020.
Re:Elon Musk drops suit against OpenAI and Sam Altman
by acchow on Tuesday June 11, 2024 @07:18PM
(#40652780)
They don't have to cough up any money. The 2018 compensation package they agreed upon is in stock options with vesting in 12 tranches, tied to stock price performance
https://ir.tesla.com/press-release/tesla-announces-new-long-...
Re:Elon Musk drops suit against OpenAI and Sam Altman
by tedunangst on Tuesday June 11, 2024 @05:51PM
(#40652010)
They're not writing Elon a check for $45 billion.
The speculation on Tesla's stock raised the "market cap". Any stock that Tesla doesn't own brings Tesla exactly 0 dollars, no matter how hight the illusionary market cap there is.
How much of the stock does Tesla actually own? How much of the stock that Tesla owns can the company safely sell to offset the $45 billion of actual money that they had to cough up for Elon?