On: Musk Demands Bigger Stake in Tesla as Price for A.I. Work

[HWR_14]

He demanded voting rights, not equity. That's an important distinction. I'm willing to bet a percentage of Tesla stockholders would be more than happy to have Musk have more control.

But it could be trivially met by just making his next options for super shares with 100x (made up ratio) the votes.

[rfw300 → HWR_14]

Delaware corporations cannot transition to a dual-class stock structure post-IPO.

[foepys → rfw300]

If that's true, then it's just a plot to let Tesla's shareholders pay for his Twitter shenanigans?

[HappySweeney → foepys]

This is exactly it, also a way to get out from under the Saudis.

[nocoiner → rfw300]

Is that a statutory restriction (or an NYSE/NASDAQ rule?), or just the practical impossibility of getting a charter amendment?

[HWR_14 → rfw300]

Thank you. I was unaware of that. It still seems like there may be creative options that costs less than $86 billion.