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RE: LeoThread 2025-08-17 05:22

in LeoFinance3 months ago

think in the 20s, pretty close to Tesla, which is, you know, he owns a little more than a fifth of Tesla and a similar percentage of Solar City. So not the majority and owner, but enough to make something happen, especially when you're also chairman of the board. And so this deal seemed, you know, from us, you know, we were in complete shock. I mean, this is kind of, shall we say, not in accordance with traditional corporate governance practices to do this sort of thing. But at the deal closed, Solar City seemed to be saved because they had the Tesla's access to the capital markets, which made some people think that these debt problems might be resolved. And Tesla's share price took off right after the acquisition again. It had fallen down to, you know, the high $100 range, $180, something like that. At its peak last summer, the stock reached into, you know, north of $380 a share. Well, didn't its market caps surpass GM's? Yes. Yes. Which is remarkable when you look at the number of (12/45)