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[quote=Anonymous]I don’t recall an entrepreneur so obsessed with their stock price that they would ask POTUS to hold a sales rally on the lawn of the WH or the Commerce Secretary to shill on Fox. What’s going on? After all, doesn’t Musk have a zillion dollars? If so, why is he concerned about several 10s of billions? Turns out, there’s a bunch of reasons:

1) Musk has used Tesla stock to get loans for his lifestyle and many of his other companies. As the stock price falls, the stock collateral could become insufficient to support the loans, requiring the loans to be called or Musk to provide more capital.

2) Musk is paid in equity by Tesla. However, to unlock that equity, he must meet various metrics, one potentially being a certain level of stock performance.

3) If Tesla wants to heavily invest in new technologies or expand work in existing ones, it might need more capital. The higher the stock price, the more efficiently it can raise capital without diluting existing shareholders.

4) Then there’s the grab bag of issues, like Musk’s identity/ego, morale/retention of workers, etc.

In sum, Musk must be pretty desperate to trot out high profile pitchman for his stock. Heck, he even held a town hall where he told employees to hold their stock.

Is it just me or are others sensing that Musk might be on the cusp of genuine financial trouble - maybe a house of cards? Is selling his stock the ultimate form of protest?[/quote]

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