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.

  • Red_October@lemmy.world
    link
    fedilink
    English
    arrow-up
    22
    ·
    9 months ago

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

    • PrinceWith999Enemies@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      arrow-down
      1
      ·
      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.

    • phdepressed@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      4
      ·
      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.