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What If Tesla Can't Leave?

https://www.bloomberg.com/opinion/articles/2024-02-12/what-if-tesla-can-t-leave

by mfiguiere • 2 years ago

3 2 2 years ago

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Kon-Peki• 2 years ago

Based on what I can find, Tesla "insiders" (including Elon) own about 14% of the shares. If this gets put to a shareholder vote and it succeeds, you'd think that there is no room for complaining.

However, I've read that institutional shareholders are often willing to "rent out" the voting rights on shares they hold. At about 42% of Tesla in total, institutional shareholders would be the deciding factor. Would insiders be able to rent the rights and vote for the move? Would it be a huge bidding war between those that want to stay and those that want to leave?

eva_cananim• 2 years ago

https://archive.is/Dpduw

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bloomberg.com

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