> Musk now has more concentrated equity ownership of the company
You mean Musk gained control through that, not lost it? How so? That's quite different an assumption from what I expected.
You mean Musk gained control through that, not lost it? How so? That's quite different an assumption from what I expected.
Yes, it's an interesting result of corporate mismanagement, that he gets to sign off (with board approval, but let's be honest about the control they have) on even more equity stake. However, he did have to give up the chairmanship, so overall he lost control of the company though in this dimension (portion of equity ownership) it is an interesting curiosity and contradiction.