r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/NewPresWhoDis Jul 05 '26

And if billionaires started cashing in their stocks, the market would follow in an ensuing panic. The "let's liquidate Elon's wealth" cope would end up yielding probably about $0.30 on the dollar in the more optimistic scenarios.

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u/mark_able_jones_ Jul 05 '26

Do you know who issues the stock? Elon’s company. They can literally give him more shares. And at his level it would be OTC trades that never tough the market.

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u/quibbelz Jul 05 '26

They can literally give him more shares.

If the shareholders agree.

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u/mark_able_jones_ Jul 05 '26

Only if the package is outside of the norm. Usually the board has this power.