undefined | Better HN

0 pointswoah4y ago0 comments

It's much harder to understand how rich Elon Musk is, because if he tried to sell even a small percentage of his Tesla shares, the value would evaporate. The revenue figures of these companies are more understandable because that is cold hard cash coming in the door

0 comments

FredPret4y ago

He actually sold a boatload of TSLA last year [1]. But yes, his wealth is not really expressible in USD.

If you tried to acquire a similar stake in TSLA, the price would shoot up and it would cost you more. If he tried to sell all his shares, it would plummet and he’d get less out.

1: https://www.wsj.com/articles/elon-musks-tesla-share-selling-...

1 more reply

oblio4y ago

You might enjoy this: https://github.com/MKorostoff/1-pixel-wealth/blob/master/THE...

lostmsu4y ago

Just recently I saw a headline about former Bezos wife selling $8B of Amazon stock. Does not seem to have affected the price all that much. She is probably going to have to pay $2B in taxes for that transaction.

soperj4y ago

Probably not since she donates all of it.

j / k navigate · click thread line to collapse