> I think often company spin like this is more targeted towards internal employees than the outside world.

Probably is more ti employees than the general public, but it is even more targeted to the growing number of lawsuts against the conversion, since the charity nonprofit’s board is required to act in the interest of its charitable purpose even in a decision like this.

It is directed at defeating the idea, expressed quite effectively in the opening of Musk’s suit, that “Never before has a corporation gone from tax-exempt charity to a $157 billion for-profit, market-paralyzing gorgon—and in just eight years. Never before has it happened, because doing so violates almost every principle of law governing economic activity. It requires lying to donors, lying to members, lying to markets, lying to regulators, and lying to the public.”