re: #150 Love-Child of Cassandra and Sisyphus
That sounds very illegal.
Intentionally manipulating stock price to benefit a third party is an attempt to rob the current owners (share holders) of value.
Why would Musk lower the value of his own asset (Tesla stock)? So I doubt the claim.
Sure, Musk is deliberately destroying the old Twitter, but it is now a private company. Tesla is still a publicly held company.
There are two ways he _might_ gain, depending on how much they’re getting lowered.
- If he received shares of Tesla at a higher value, and has to sell some of it at even a lower value, he can get a tax writeoff for the losses, especially if he gains money if and when SpaceX does a secondary share sale and he sells some of the shares.
- What if he can somehow manage to get _more_ of Tesla by lowering the value of his own asset?