Technology

59605 readers

3438 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

124

Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas (www.forbes.com.au)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

69 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] homesweethomeMrL@lemmy.world 15 points 9 months ago (1 children)

44 billion.

[–] Red_October@lemmy.world 22 points 9 months ago (2 children)

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

[–] PrinceWith999Enemies@lemmy.world 6 points 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 4 points 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.