on the one hand this is your classic corrupt oligarch scheme, on the other hand Tesla is so preposterously overvalued that these guys might end up losing their shirts - ThreadSky

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ryanlcooper.com • 3 days ago

on the one hand this is your classic corrupt oligarch scheme, on the other hand Tesla is so preposterously overvalued that these guys might end up losing their shirts

Reposted from Shashank Joshi

“Wealthy Chinese investors are quietly funnelling tens of millions of dollars into private companies controlled by Elon Musk using an arrangement that shields their identities from public view” www.ft.com/content/6685...

Comments

dsng480.bsky.social•3 days ago

I wonder how the reddit folks who said “Tesla stock is something you hold to pass on to your great grandchildren” are doing these days. They had visions of seeding a permanent ruling class by virtue of their stock ownership.

They’re about to take the financial beating of a lifetime.

rfischoff.bsky.social•3 days ago

Classic bribery. Whatever money they give Musk to temporarily keep his sinking ship afloat is already written off as an expense.

mattbroberg.bsky.social•2 days ago

Really the only silver lining in our current situation is that some of these people are going to end up broke and/or in prison.

tenet-facts.bsky.social•3 days ago

Inshalla

markshatraw.bsky.social•3 days ago

You ever think about how MBS once claimed to have Jared Kushner "in my pocket" and gave him a billion dollars to hang onto? What if you swap Kushner out for an illiquid mercurial Ketamine enthusiast?